About this Indicator
State funding commitment for grant aid based on financial need is measured by need-based aid as a percent of total grant aid allocations and total Pell aid. The receipt of grant aid has been linked with higher rates of college enrollment and degree completion.[1]
Data Source
National Association of State Student Grant and Aid Programs. Annual survey report on state-sponsored student financial aid.
[1] MHEC. (2019). State grant aid: An overview of programs and recent research. Retrieved from https://www.mhec.org/sites/default/files/resources/mhec_affordability_series8_0.pdf. MHEC (2014). Campus-based practices for promoting student success: Financial aid. Retrieved from https://www.mhec.org/sites/default/files/resources/20140513SS3_financial_aid.pdf