Nationwide, the total amount of state financial aid from grants provided to undergraduates at public and private institutions nearly doubled between 2000 and 2008, from $4.0 billion to $7.9 billion. On a per-student basis, state funding for student grants increased from $553 per undergraduate in 2000 to $839 per undergraduate in 2008 (in current dollars).
- The amount of financial aid provided to undergraduate students varies considerably by state. In 2008, state aid per student ranged from $12 in Hawaii to $2,577 in South Carolina. Eight states averaged less than $100 per undergraduate student, while 12 provided more than $1,000 per student.
- Eight states spent less per student for student financial aid in 2008 than in 2000 (in current dollars), even though the cost of undergraduate education rose rapidly during this period.