Education Law Center's "Making the Grade" is an annual overview of the condition of school finance in the states. Using the most recently available data from the 2021-2022 school year, the report ranks and grades each state on three measures to answer the key question: How fair is school funding in your state? The three fairness measures are: (1) Funding Level; (2) Funding Distribution; and (3) Funding Effort. The state rankings and grades on these measures provide crucial data to inform advocates, policymakers, business and community leaders, teachers, parents, and students about the equity and adequacy of public school funding in their state. "Making the Grade" is designed to assist residents working to improve the level and distribution of funding for public school students. This analysis highlights the significant disparities in per-pupil funding across states, with many states spending thousands of dollars per pupil more than the national average, and other states spending thousands of dollars per pupil less. Even after adjusting for regional cost differences, the highest funded states are largely in the Northeast while the lowest funded states mostly span across the South and Southwest.