State Need Grant Aid Targeted to Low-Income Families as a Percent of Federal Pell Grant Aid
Why is this important?
This is a measure of state commitment to provide aid for low-income students.
What are the policy implications?
This indicator captures variation in state policy and the differences among states in their capacities to meet the needs of their lowest income college- bound students. It assumes that a state's methodology for awarding state need-based aid is similar enough to the federal methodology that the students awarded need-based aid in the state are the same students covered by the Pell Grant program. This may or may not be true in all cases. (Measuring Up 2002: The State-by-State Report Card for Higher Education) It doesn't account for merit-based aid that is awarded to lower income students. These data are not obtainable.
For more about this measure and how it is calculated,
visit Measuring Up 2002: The State-by-State Report Card for Higher Education (http://ww w.highereducation.org) for the report and the technical guide.
Other factors to consider:
It is important to look at other measures for affordability.
Percent of Family Income Needed to Pay for College - by Type of Institution
Share of Income Poorest Families Need to Pay for Tuition at Lowest Priced Colleges
Average Loan Amount Students Borrow Each Year
Data sources and related links:
Measuring Up: The State-by-State Report Cardhttp://ww w.highereducation.org