CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

State Financial Aid for Postsecondary Education

Reports & Graphics

Definition

State need-based and non-need-based grant funds per undergraduate student, 2010-2011 school year.

Description

Cost of attendance is consistently cited as one of the most significant barriers to attending college among low-income families. All states offer aid to students to help defray the cost of postsecondary education and to encourage low- and moderate-income students to attend. The majority of this aid falls into two categories: need-based and non-need-based. States should provide more need-based aid than non-need-based aid to help ensure equal access to higher education among all students.

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State Financial Aid for Postsecondary Education

StateTotal Aid Per
Undergraduate ($)
Percent of
Need-Based Aid (%)
Alabama  $86  88% 
Alaska  $75  100% 
Arizona  $37  100% 
Arkansas  $1,146  8% 
California  $736  100% 
Colorado  $286  99% 
Connecticut  $451  100% 
Delaware  $499  71% 
District of Columbia  $792  6% 
Florida  $750  26% 
Georgia  $1,895  0% 
Hawaii  $67  100% 
Idaho  $72  26% 
Illinois  $711  99% 
Indiana  $764  95% 
Iowa  $224  94% 
Kansas  $121  99% 
Kentucky  $972  48% 
Louisiana  $947  15% 
Maine  $304  100% 
Maryland  $394  95% 
Massachusetts  $269  94% 
Michigan  $184  99% 
Minnesota  $498  100% 
Mississippi  $159  15% 
Missouri  $310  63% 
Montana  $142  75% 
Nebraska  $163  100% 
Nevada  $589  50% 
New Hampshire  $55  100% 
New Jersey  $1,033  94% 
New Mexico  $859  28% 
New York  $982  97% 
North Carolina  $934  82% 
North Dakota  $291  75% 
Ohio  $203  67% 
Oklahoma  $537  88% 
Oregon  $114  100% 
Pennsylvania  $639  100% 
Rhode Island  $201  100% 
South Carolina  $1,719  19% 
South Dakota  $110  9% 
Tennessee  $1,345  23% 
Texas  $687  99% 
Utah  $55  42% 
Vermont  $529  100% 
Virginia  $510  71% 
Washington  $843  98% 
West Virginia  $1,027  41% 
Wisconsin  $450  97% 
Wyoming  $7 1 100% 

Source

42nd Annual Survey Report on State-Sponsored Student Financial Aid: 2010-2011 Academic Year. National Association of State Student Grant and Aid Programs, 2011.

Footnotes

1. Most of Wyoming's need-based aid is not specifically allocated to undergraduates. Including this aid, Wyoming provides $591 per student, and 100% of the aid is need-based.

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