New research by The Century Foundation highlights a hundred-billion-dollar problem with how state financial aid is distributed: in many states, state financial aid is not effectively directed toward the students who need it most. In fact, state aid lags behind Pell Grants when it comes to effectiveness in reducing college costs for low-income students. TCF’s analysis shows that, in some states, a high share of state grant dollars go to students without financial need rather than to low-income students. State grant aid is crucial for making college affordable. Without adequate grant aid, many students will need to go deep into student debt
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