State-Funded Student Aid Holds Steady

October 23, 2017
  • Industry News

Levels of state-funded student financial aid changed remarkably little from 2014-15 to 2015-16, according to a new survey released today.

State-funded student financial aid totaled about $12.5 billion across the country, according to an annual survey from the National Association of State Student Grant and Aid Programs. Aid totals increased by less than 1 percent from $12.4 billion in 2014-15 on a nominal basis and were essentially even after adjusting for inflation.

Growth in aid slowed from the previous year. From 2013-14 to 2014-15, NASSGAP measured year-over-year growth at 6 percent nominally and 5.8 percent after factoring in inflation.

Read more at Inside Higher Ed: https://www.insidehighered.com/news/2017/10/23/state-funded-student-financial-aid-totaled-125-billion-2015-16