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Abstract
This article attempts to provide a comprehensive summary of the existing federal programmes of student financial assistance and a brief summary of the mechanisms involved for the programmes supported by the federal and the state governments in the USA. In addition, the article offers a glimpse of some of the concurrent ideas and trends appearing in the system in the early 1990's. The data provided and the sources of further information serve as evidence of the government's involvement in the qualitative and quantitative changes that are currently taking place within the American higher education system and give hints as to the impact of these changes in financial assistance upon the total system.