With the emphasis placed on the importance of postsecondary education and its role in developing the future workforce, states collectively invest over $12 billion annually in financial aid programs. This aid is mostly disbursed based on students’ financial need and/or merit criteria. State approaches to measuring need and merit vary widely and, until now, state policymakers and other education leaders couldn’t easily compare their approach with other states. This 50-State Comparison provides a look at the specific criteria employed in the top two largest aid programs by state, whether the FAFSA is required, applications deadlines and more!
KEY TAKEAWAY
Forty-six of the 100 largest state financial aid programs are disbursed based on financial need only.
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