Mississippi spends less money on college financial aid programs than almost every state in the Southern region.
Mississippi spends less on college grant aid than nearly every Southern state by Molly Minta, Mississippi Today February 23, 2024 This holds true for both total dollars spent in Mississippi – about $45 million – and the average amount of grant money each college student receives. Other states, including deep-red neighbors Arkansas and Louisiana, dole out more money for college on a per-student basis while charging roughly the same or less for tuition.
Sandy Baum, a nonresident senior fellow at the Urban Institute who has studied Mississippi’s financial aid programs, said the new proposal would be an improvement on MTAG’s current structure because it would direct more dollars to students who can’t afford to pay for college on their own. “Of course Mississippi needs to spend more,” Baum said. Other states have dramatically increased financial aid spending, the Urban Institute has found.
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