ERIC Number: ED611303
Record Type: Non-Journal
Publication Date: 2019
Pages: 28
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Available Date: N/A
50th Annual Survey Report on State-Sponsored Student Financial Aid: 2018-2019 Academic Year
National Association of State Student Grant and Aid Programs
Each year, National Association of State Student Grant and Aid Programs (NASSGAP) completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report, the 50th annual survey, represents data from academic year 2018-19. This report provides data regarding state-funded expenditures for student financial aid and illustrates the extent of efforts made by the states to assist postsecondary students. Information in this report is based on academic year 2018-19 data from the 50th Annual NASSGAP survey. Data highlights include: (1) In the 2018-19 academic year, the states awarded about $14.1 billion in total state funded student financial aid, an increase of about 3.5 percent in nominal terms and about 0.5 percent in constant dollar terms from the $13.7 billion in aid awarded in 2017-18; (2) The majority of state aid (87 percent) remains in the form of grants. In 2018-19, about 4.2 million grant awards were made representing about $12.4 billion in need and nonneed-based grant aid. This represents an increase of about 3.5 percent from the $11.9 billion in grants awarded in 2017-18. Of the grant money awarded in 2018-19, about 74 percent was need-based and 26 percent was nonneed-based, a similar percentage breakout to last year; (3) Funding for undergraduate need-based grant aid increased nationwide from $8.9 billion in 2017-18 to about $9.1 billion in 2018-19, an increase of about 1.7 percent in nominal terms; (4) Eight states (California, Texas, New York, New Jersey, Virginia, Illinois, Pennsylvania, Washington) collectively awarded about $6.1 billion in undergraduate need-based grant aid, accounting for about 68 percent of all aid of this type; and (5) States provided about 1.8 billion in nongrant student aid, including loans, loan assumptions, conditional grants, work-study, and tuition waivers. Tuition waivers represented about 45 percent of nongrant aid. [For the previous report, "49th Annual Survey Report on State-Sponsored Student Financial Aid: 2017-2018 Academic Year," see ED603705.]
Descriptors: Student Financial Aid, Grants, State Aid, Student Loan Programs, Work Study Programs, Tuition, Merit Scholarships, Undergraduate Students, Graduate Students, Public Colleges, Private Colleges
National Association of State Student Grant and Aid Programs. 500 West Monroe, Springfield, IL 62704. e-mail: nassgapsurvey@nassgap.org; Web site: http://www.nassgap.org/
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Association of State Student Grant and Aid Programs (NASSGAP)
Grant or Contract Numbers: N/A
Author Affiliations: N/A