State Funding for Need-Based Aid Averages Less Than $500 per Student

In 2011-12, the 50 states and the District of Columbia spent a total of $6.8-billion on need-based grant aid for college students, according to the most recent report from the National Association of State Student Grant and Aid Programs. That might sound like a lot, but it averages out to $482 per enrolled undergraduate student.

That’s less than one-fifth of what the federal government spent on Pell Grants, the main program for needy students.

Read more at The Chronicle of Higher Education: http://chronicle.com/blogs/data/2014/01/29/state-funding-for-need-based-aid-averages-less-than-500-per-student/