Need-based Aid Per Student

About this Indicator

State funding for grant aid based on financial need is measured by the amount of need-based grant aid per full-time recipient, per FTE student, and per Pell Grant recipient. The receipt of grant aid has been linked with higher rates of college enrollment and degree completion.[1] States differ in their strategies used to ensure that postsecondary education remains affordable. Some concentrate funds into direct institutional appropriations, while others may focus more on need-based student aid. State need-based aid performance indicators should be interpreted in the context of additional finance and affordability indicators.

Data Source

National Association of State Student Grant and Aid Programs. Annual survey report on state-sponsored student financial aid.

Note. Total Aid Per Pell Grant Recipient data are not available between 2004 and 2007.

 

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[1]MHEC. (2019). State grant aid: An overview of programs and recent research. Retrieved from https://www.mhec.org/sites/default/files/resources/mhec_affordability_series8_0.pdf. MHEC (2014). Campus-based practices for promoting student success: Financial aid. Retrieved from https://www.mhec.org/sites/default/files/resources/20140513SS3_financial_aid.pdf.