The annual survey of members of the National Association of State Scholarship and Grant Programs (NASSGP) collected data on state and territory funded scholarships and grants awarded to undergraduate and graduate students. The following are among the conclusions resulting from the survey: (1) states expect to award over $2.57 billion in total grant aid to over 1.7 million postsecondary students in the 1992-93 fiscal year, representing a expected growth rate of about 8 percent over last year; (2) the non-need-grant aid to undergraduates is expected to grow by about 9.7 percent, from $194 million to $212 million, in the 31 states that offer such grants; (3) only 12 states have increased their need-based grant dollars awarded in each year since 1987-88, while only 10 states have experienced substantial and consistent growth with grant dollars awarded growing at a faster rate than college costs; and (4) on average, states spend about $7.32 per resident for all grant programs, about $70 per college-age resident, and about $237 per full-time undergraduate student. Data analyses consist of a narrative followed by extensive tables presenting data on: comparative program statistics, 1992-93, 1991-92; program changes, policy issues, and related matters; 5-year trends in need-based undergraduate grant dollar expenditures by states; and rankings of state grant program expenditures. A listing of NASSGP officers and a directory of state grant agencies are appended. (GLR)