State-Funded Student Aid on the Rise
State funding for student financial aid jumped six percent during the 2014-15 academic year, per the National Association of State Student Grant and Aid Programs’ (“NASSGAP”) latest survey. This year’s survey revealed that $12.4 billion in student aid was awarded by states in 2014-15. Other reported increases include rises in grant aid (up 5.7 percent; $10.5 billion) and non-grant aid (up seven percent; $1.9 billion). However, the breakdown between non-need-based (24 percent) and need-based (76 percent) grants remains the same from last year. A full recap of the NASSGAP survey is available on Inside Higher Ed.