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

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

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

State Financial Aid for Postsecondary Education

Definition

State need-based and non-need-based grant funds per undergraduate student, 2009-2010 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  $125  91% 
Alaska  $44  100% 
Arizona  $31  99% 
Arkansas  $347  75% 
California  $609  100% 
Colorado  $303  99% 
Connecticut  $469  100% 
Delaware  $523  69% 
District of Columbia  $611  6% 
Florida  $795  25% 
Georgia  $1,766  0% 
Hawaii  $74  100% 
Idaho  $95  30% 
Illinois  $727  96% 
Indiana  $730  95% 
Iowa  $245  92% 
Kansas  $130  99% 
Kentucky  $1,029  49% 
Louisiana  $883  16% 
Maine  $281  100% 
Maryland  $450  95% 
Massachusetts  $273  94% 
Michigan  $108  95% 
Minnesota  $743  100% 
Mississippi  $161  14% 
Missouri  $445  69% 
Montana  $142  76% 
Nebraska  $157  100% 
Nevada  $542  40% 
New Hampshire  $71  100% 
New Jersey  $1,205  93% 
New Mexico  $816  28% 
New York  $1,062  97% 
North Carolina  $983  84% 
North Dakota  $234  90% 
Ohio  $211  71% 
Oklahoma  $538  88% 
Oregon  $474  100% 
Pennsylvania  $742  100% 
Rhode Island  $168  100% 
South Carolina  $1,780  19% 
South Dakota  $105  5% 
Tennessee  $1,335  23% 
Texas  $630  100% 
Utah  $55  53% 
Vermont  $599  100% 
Virginia  $546  69% 
Washington  $882  98% 
West Virginia  $1,076  44% 
Wisconsin  $415  97% 
Wyoming  $7 1 100% 

Source

41st Annual Survey Report on State-Sponsored Student Financial Aid: 2009-2010 Academic Year. National Association of State Student Grant and Aid Programs, 2010.

Footnotes

1. Most of Wyoming's need-based aid is not specifically allocated to undergraduates. Including this aid, Wyoming provides $567 per student, and 100% of the aid is need-based.

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