As illustrated in the Average Cost of College by state report, pursuing a college education can impose a significant financial burden on students and their families, rendering it nearly unattainable in certain circumstances.
Because of the exorbitant expenses associated with college tuition and related costs, many students are compelled to employ creative strategies to finance their education. One of the ways to do this is to appeal to grants and scholarships, which do not need to paid back unlike federal or private students loans.
Each state allocates a designated amount of founds toward need-based scholarships and grants, thereby assisting students in their pursuit of higher education. The size of a state’s budget for scholarships and grants can vary significantly depending on its fiscal policies.
Having all this into consideration, Scholaroo´s data team ventured to uncover the states that provide the most and least amount of need-based scholarships and grants per student that is deemed to have financial need.
States that Provide the Most and Least Need-Based Scholarships and Grants per student
Types of Scholarships and Grants
In order to analyze the states that offer the most Need-Based Scholarships and Grants in the U.S., Scholaroo´s data team gathered information from public data available which shows the total budget that each state redirects to need-based scholarships and grants, and the total number of students that is deemed to have financial need in each state.