$5.3B goes to students who government says don't need it

"If they want to increase their rankings in U.S. News & World Report, an easy way to do that is to bribe high-scoring students to come to your university with non-need-based aid," said Richard Kahlenberg, a specialist in education at the Century Foundation.

I'd like to hope a fair share of them are accepting financial aid/loans because their parents are teaching them the value of money, but it still stinks for the rest of us with loans and debt for a degree in, ahem, journalism.