Each year, the National Association of State Student Grant and Aid Programs (NASSGAP) completes a survey regarding state-funded expenditures for postsecondary student financial aid. 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 2020-21 data from the 52nd Annual NASSGAP survey. Data highlights include: (1) In the 2020-21 academic year, the states awarded almost $14.8 billion in total state funded student financial aid, a slight decrease about 0.1 percent in nominal terms and about 1.3 percent in constant dollar terms from the $14.8 billion in aid awarded in 2019-20; (2) The majority of state aid (87 percent) remains in the form of grants. In 2020-21, about 4.1 million grant awards were made representing about 12.9 billion in need and nonneed-based grant aid. This represents a decrease of about 0.4 percent from the $12.95 billion in grants awarded in 2019-20. Of the grant money awarded in 2020-21, about 73 percent was need-based and about 27 percent was nonneed-based, a breakout consistent with historical data; (3) Funding for undergraduate need-based grant aid decreased slightly nationwide from $9.3 billion in 2019-20 to about $9.15 billion in 2020-21, a change of about 1.8 percent in nominal terms; (4) Eight states (California, Texas, New York, Washington, New Jersey, Virginia, Illinois, Pennsylvania) collectively again awarded about 6.3 billion in undergraduate need-based grant aid, accounting for about 69 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 51 percent of nongrant aid. [For the previous report, "51st Annual Survey Report on State-Sponsored Student Financial Aid: 2019-2020 Academic Year," see ED617839.]