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53rd Annual Survey Report on State-Sponsored Student Financial Aid: 2021-2022 Academic Year

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Title: 53rd Annual Survey Report on State-Sponsored Student Financial Aid: 2021-2022 Academic Year
Language: English
Authors: National Association of State Student Grant and Aid Programs (NASSGAP)
Source: National Association of State Student Grant and Aid Programs. 2023.
Availability: 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/
Peer Reviewed: N
Page Count: 27
Publication Date: 2023
Document Type: Reports - Research
Numerical/Quantitative Data
Education Level: Higher Education
Postsecondary Education
Descriptors: 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
Geographic Terms: California, Texas, Illinois, New York, Virginia, Washington, New Jersey, Pennsylvania
Abstract: Each year, 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 2021-22 data from the 53rd Annual NASSGAP survey. Data Highlights include: (1) In the 2021-22 academic year, the states awarded almost $14.9 billion in total state funded student financial aid, a slight increase about 1.0 percent in nominal terms and a decrease of about 6.4 percent in constant dollar terms from the $14.8 billion in aid awarded in 2020-21; (2) The majority of state aid (87 percent) remains in the form of grants. In 2021-22, about 4.1 million grant awards were made representing about 13.0 billion in need and nonneed-based grant aid. This represents an increase of about 0.8 percent from the $12.9 billion in grants awarded in 2020-21. Of the grant money awarded in 2021-22, 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 $9.4 billion in 2020-21 to about $9.5 billion in 2021-22, a change of about 1.6 percent in nominal terms; (4) Eight states (California, Texas, New York, Virginia, New Jersey, Washington, Illinois, Pennsylvania) collectively again awarded about 6.4 billion in undergraduate need-based grant aid, accounting for about 68.7 percent of all aid of this type; and (5) States provided about $1.9 billion in nongrant student aid, including loans, loan assumptions, conditional grants, work-study, and tuition waivers. Tuition waivers represented about 48 percent of nongrant aid.
Abstractor: ERIC
Entry Date: 2024
Access URL: https://www.nassgapsurvey.com/survey_reports.aspx
Accession Number: ED645144
Database: ERIC
FullText Text:
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  Data: 53rd Annual Survey Report on State-Sponsored Student Financial Aid: 2021-2022 Academic Year
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  Data: <searchLink fieldCode="AR" term="%22National+Association+of+State+Student+Grant+and+Aid+Programs+%28NASSGAP%29%22">National Association of State Student Grant and Aid Programs (NASSGAP)</searchLink>
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  Data: <searchLink fieldCode="SO" term="%22National+Association+of+State+Student+Grant+and+Aid+Programs%22"><i>National Association of State Student Grant and Aid Programs</i></searchLink>. 2023.
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  Data: 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/
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  Label: Page Count
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  Data: 27
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  Label: Publication Date
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  Data: 2023
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  Data: Reports - Research<br />Numerical/Quantitative Data
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  Label: Education Level
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  Data: <searchLink fieldCode="EL" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="EL" term="%22Postsecondary+Education%22">Postsecondary Education</searchLink>
– Name: Subject
  Label: Descriptors
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  Data: <searchLink fieldCode="DE" term="%22State+Aid%22">State Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Grants%22">Grants</searchLink><br /><searchLink fieldCode="DE" term="%22National+Organizations%22">National Organizations</searchLink><br /><searchLink fieldCode="DE" term="%22National+Surveys%22">National Surveys</searchLink><br /><searchLink fieldCode="DE" term="%22Expenditures%22">Expenditures</searchLink><br /><searchLink fieldCode="DE" term="%22Paying+for+College%22">Paying for College</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+Support%22">Financial Support</searchLink><br /><searchLink fieldCode="DE" term="%22Undergraduate+Students%22">Undergraduate Students</searchLink><br /><searchLink fieldCode="DE" term="%22Work+Study+Programs%22">Work Study Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Loan+Programs%22">Student Loan Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Tuition%22">Tuition</searchLink><br /><searchLink fieldCode="DE" term="%22Institutional+Characteristics%22">Institutional Characteristics</searchLink><br /><searchLink fieldCode="DE" term="%22Merit+Scholarships%22">Merit Scholarships</searchLink>
– Name: Subject
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22California%22">California</searchLink><br /><searchLink fieldCode="DE" term="%22Texas%22">Texas</searchLink><br /><searchLink fieldCode="DE" term="%22Illinois%22">Illinois</searchLink><br /><searchLink fieldCode="DE" term="%22New+York%22">New York</searchLink><br /><searchLink fieldCode="DE" term="%22Virginia%22">Virginia</searchLink><br /><searchLink fieldCode="DE" term="%22Washington%22">Washington</searchLink><br /><searchLink fieldCode="DE" term="%22New+Jersey%22">New Jersey</searchLink><br /><searchLink fieldCode="DE" term="%22Pennsylvania%22">Pennsylvania</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Each year, 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 2021-22 data from the 53rd Annual NASSGAP survey. Data Highlights include: (1) In the 2021-22 academic year, the states awarded almost $14.9 billion in total state funded student financial aid, a slight increase about 1.0 percent in nominal terms and a decrease of about 6.4 percent in constant dollar terms from the $14.8 billion in aid awarded in 2020-21; (2) The majority of state aid (87 percent) remains in the form of grants. In 2021-22, about 4.1 million grant awards were made representing about 13.0 billion in need and nonneed-based grant aid. This represents an increase of about 0.8 percent from the $12.9 billion in grants awarded in 2020-21. Of the grant money awarded in 2021-22, 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 $9.4 billion in 2020-21 to about $9.5 billion in 2021-22, a change of about 1.6 percent in nominal terms; (4) Eight states (California, Texas, New York, Virginia, New Jersey, Washington, Illinois, Pennsylvania) collectively again awarded about 6.4 billion in undergraduate need-based grant aid, accounting for about 68.7 percent of all aid of this type; and (5) States provided about $1.9 billion in nongrant student aid, including loans, loan assumptions, conditional grants, work-study, and tuition waivers. Tuition waivers represented about 48 percent of nongrant aid.
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  Data: 2024
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  Data: ED645144
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RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 27
    Subjects:
      – SubjectFull: State Aid
        Type: general
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Grants
        Type: general
      – SubjectFull: National Organizations
        Type: general
      – SubjectFull: National Surveys
        Type: general
      – SubjectFull: Expenditures
        Type: general
      – SubjectFull: Paying for College
        Type: general
      – SubjectFull: Financial Support
        Type: general
      – SubjectFull: Undergraduate Students
        Type: general
      – SubjectFull: Work Study Programs
        Type: general
      – SubjectFull: Student Loan Programs
        Type: general
      – SubjectFull: Tuition
        Type: general
      – SubjectFull: Institutional Characteristics
        Type: general
      – SubjectFull: Merit Scholarships
        Type: general
      – SubjectFull: California
        Type: general
      – SubjectFull: Texas
        Type: general
      – SubjectFull: Illinois
        Type: general
      – SubjectFull: New York
        Type: general
      – SubjectFull: Virginia
        Type: general
      – SubjectFull: Washington
        Type: general
      – SubjectFull: New Jersey
        Type: general
      – SubjectFull: Pennsylvania
        Type: general
    Titles:
      – TitleFull: 53rd Annual Survey Report on State-Sponsored Student Financial Aid: 2021-2022 Academic Year
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            NameFull: National Association of State Student Grant and Aid Programs (NASSGAP)
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              Y: 2023
          Titles:
            – TitleFull: National Association of State Student Grant and Aid Programs
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