Primarily to maintain "Big government" and keep the populace dependant on them.
This is a simple anwer ... If the government didn't offer financial aide then us the people would stay stupid and only have low income jobs thus paying less in taxes.. Government gives out aide for those that have a need to better themselves and to raise revenue coming back in the form of interest and higher tax bracket citizens into their pockets to pay for all the wonderful other benefits they offer us citizens.
Goes with the motto: "You have to spend a little to make a little extra back."
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Students need financial aid because most families cannot afford to pay the high cost of college tuition on their own. Financial aid offers them grants, loans, and/or workstudy opportunities. Scholarships are another way that students can get free money for college.
You can find out about financial aid and winning scholarships by going to http://www.how2winscholarships.com. That site really helped my son when he was graduating from high school and looking for money for college.
To provide federal money for programs with local control.
The federal government does not give states loans with interest!
Hoover believed that the federal government could not give direct aid to individuals. He believed in free market capitalism and did not think the constitution gave the federal government the power to set prices.
Grants-in-aid
the department of state