ST. PAUL, Minn. (AP) — The amount of financial aid flowing to students in the Minnesota State Colleges and Universities system shot up 25 percent from 2009 to 2010 to $1.2 billion.

The system’s auditors are scheduled to present an audit of major federal financial assistance programs to the MnSCU trustees during their regular meeting Wednesday.

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The auditors found four minor problems, such as a $1,050 calculating mistake, but they also documented the surge in federal funds flowing to the system as its enrollment rises.

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MnSCU received over $361 million in federal grants and students borrowed nearly $651 million of federal loans in fiscal year 2010, up 16 percent from 2009.

Among the fastest growing programs were Pell Grants for low-income undergraduates, which increased $102 million, or 67 percent, since 2009 to $255 million.

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