"States doled out $13.6 billion in student aid in the 2017-18 academic year, up from $12.8 billion in 2016-17, according to an annual survey from the National Association of State Student Grant and Aid Programs," Education Dive reports.
"Growth in state need-based aid has helped offset a decrease in the share of federal need-based aid, the National Association of Student Financial Aid Administrators points out.
However, states have also been increasing their merit-based aid, which is a form of non-need-based support. Between the 1996-97 and 2016-17 academic years, merit-based awards increased from 15% to 24% of the total grant aid states allocated to students, according to a recent report from Ithaka S+R."
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 11/15/2019