California's recent decision to give more than $1 billion in new financial aid should also help, he said.
The school gave a total of $20 million in financial aid.
The following year, the government began to provide financial aid.
Financial aid for college can come from a lot of different places.
Can I get financial aid to help me pay for it?
There is money, called financial aid, to help you pay for college.
For the last 10 years, 50 to 60 percent of the students have received financial aid.
About five million students will share more than $24 billion in public and private financial aid next year, he said.
Several federal programs were also created to give jobs to students and to increase financial aid.
In 2011-12 about half of students received financial aid from the college.