52nd Annual Survey Report on State-Sponsored Student Financial Aid: 2020-2021 Academic Year

Institution	National Association of State Student Grant and Aid Programs (NASSGAP)
Titel	52nd Annual Survey Report on State-Sponsored Student Financial Aid: 2020-2021 Academic Year
Quelle	(2022), (28 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Quantitative Daten; State Aid; Student Financial Aid; Grants; National Organizations; National Surveys; Expenditures; Paying for College; Financial Support; Undergraduate Students; Work Study Programs; Student Loan Programs; Tuition; Institutional Characteristics; Merit Scholarships + Suchen Sie Ihr Suchwort? Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; Grant; Ausgaben; Finanzielle Förderung; Unterweisung; Unterricht; Leistungsvergütung
Abstract	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.] (ERIC).
Anmerkungen	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/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01