Everyone knows that students in America love scholarships. Each year, millions of students apply for financial aid as they prepare for college in the hopes of easing the financial pain of rising tuition costs. But did you know just how much money was being dished out every year? Or where that money came from?

FluidReview, a company that specializes in scholarship management systems, has put together this infographic that demystifies the topic of scholarships in America. Some of this information might surprise you. Click on the excerpt below and it will take you to the complete infographic.