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Donations to education institutions hit $54.62 billion in 2014, a 4.9 percent increase over 2013, according to the annual "Giving USA" report. When adjusted for inflation, the increase is 3.2 percent. In total, Americans gave $358.38 billion to charity in 2014, a 7.1 percent gain.

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A graduation cap with the words "Financial Aid" sits atop a pile of $100 bills.
Opinion
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Why I Chose to Be a Financial Aid Administrator

Even in this most difficult of years, financial aid is my calling, Steven J. McDowell writes.

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Scott Jaschik

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