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Board Report #01-9

Exhibits A - H

Need-Based Assistance
All Sectors

 

EXHIBIT A

1999-2000
ALL SECTORS
Independent Colleges & Universities, UW System, WI Technical College System
Need-Based Financial Assistance

 

Number of Students Receiving Financial Assistance 90,458
 
Total Cost of Education $997,474,717
- Expected Family Contribution (EFC) $351,674,794

= Total Need $645,799,923
 
Total Need $645,799,923
- Total Need-Based Assistance $429,995,573

= Total Unmet Need $215,804,350

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Total Federal Assistance 158,255 $319,393,868 $2,018 74.28%
Total Institutional Assistance 12,604 $48,525,627 $3,850 11.29%
Total Other Assistance 3,650 $6,670,739 $1,828 1.55%
Total Private Assistance 2,557 $3,402,190 $1,331 0.79%
Total State Assistance 47,104 $52,003,149 $1,104 12.09%
Total Need-Based Assistance 224,170 $429,995,573 $1,918 100.00%

 

1999-2000 All Sectors
Pecentage of Need-Based Financial Assistance

need-based aid chart

Some definitions regarding need-based and non-need-based aid were clarified on the 1999-2000 WISSIS data collection tool which may lead to funds being placed in different categories compared to previous years. Examples of this include Total Institutional Assistance vs. Total Other Assistance and need-based vs. non-need-based loan volume.

EXHIBIT B

1999-2000
ALL SECTORS
Breakdown of Need-Based Financial Assistance Spent

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Federal Assistance
EMPLOYMENT 11,765 $13,734,769 $1,167 3.19%
  Federal Work Study 11,765 $13,734,769 $1,167 3.19%
GRANTS 68,114 $101,426,565 $1,489 23.59%
  BIA Grants 940 $3,058,650 $3,254 0.71%
  Pell Grants 44,777 $83,398,540 $1,863 19.40%
  SEOG 22,397 $14,969,375 $668 3.48%
LOANS 78,376 $204,232,534 $2,606 47.50%
  Perkins Loans 14,564 $22,492,643 $1,544 5.23%
  Stafford Loans 63,812 $181,739,891 $2,848 42.27%
Total Federal Assistance 158,255 $319,393,868 $2,018 74.28%
Institutional Assistance
  Employment 610 $1,619,339 $2,655 0.38%
  Grants 11,580 $46,284,904 $3,997 10.76%
  Loans 414 $621,384 $1,501 0.14%
Total Institutional Assistance 12,604 $48,525,627 $3,850 11.29%
Other Assistance
Total Other Assistance 3,650 $6,670,739 $1,828 1.55%
Private Assistance
Total Private Assistance 2,557 $3,402,190 $1,331 0.79%
State Assistance Administered by HEAB
  Hearing & Visually Handicapped Student Grant 62 $94,603 $1,526 0.02%
  Indian Student Assistance Grant 824 $754,105 $915 0.18%
  Minority Undergraduate Retention Grant 638 $690,574 $1,082 0.16%
  Talent Incentive Program Grant 4,133 $4,468,058 $1,081 1.04%
  Wisconsin Higher Education Grant 32,141 $28,583,574 $889 6.65%
  Wisconsin Tuition Grant 9,306 $17,412,235 $1,871 4.05%
Total State Assistance 47,104 $52,003,149 $1,104 12.09%
TOTAL NEED-BASED ASSISTANCE 224,170 $429,995,573 $1,918 100.00%

Some definitions regarding need-based and non-need-based aid were clarified on the 1999-2000 WISSIS data collection tool which may lead to funds being placed in different categories compared to previous years. Examples of this include Total Institutional Assistance vs. Total Other Assistance and need-based vs. non-need-based loan volume.

EXHIBIT C

1999-2000
Average Cost of Education / Need-Based Financial Assistance Comparison

 

cost/aid comparison chart

EXHIBIT D

1999-2000
Expected Family Contribution (EFC) Comparison

 

EFC comparison chart

EXHIBIT E

1999-2000
Type of Need-Based Financial Assistance Comparison

 

assistance comparison chart

EXHIBIT F

1999-2000
ALL SECTORS
10 Year History of Need-Based Financial Assistance

 

PERCENTAGES OF FINANCIAL AID SPENT
SOURCE (1) TYPE (2)
ACADEMIC
YEAR
# OF
RECIPIENTS
AVG.
COST
AVG.
CONTRIB.
AVG.
NEED
AVG.
AID
FEDERAL
AID
STATE
AID
INST.
AID
GRANT LOAN WORK
1990-91 86,597 $7,576 $2,541 $5,035 $3,726 71.10% 13.80% 11.00% 53.10% 39.90% 4.90%
1991-92 90,855 $8,039 $2,706 $5,333 $3,979 71.60% 12.50% 11.90% 53.20% 40.10% 4.80%
1992-93 96,207 $8,338 $3,012 $5,326 $4,026 71.50% 11.50% 13.20% 52.20% 41.10% 4.80%
1993-94 97,885 $9,830 $2,735 $6,192 $4,544 73.90% 11.90% 13.80% 53.40% 48.20% 5.20%
1994-95 100,406 $8,917 $2,917 $6,075 $4,525 70.80% 11.30% 12.60% 53.80% 49.60% 4.00%
1995-96 91,797 $9,790 $2,843 $6,946 $5,274 64.23% 11.02% 15.29% 41.20% 54.18% 3.52%
1996-97 91,759 $9,799 $2,964 $6,835 $5,036 71.85% 10.66% 13.39% 43.48% 52.46% 4.06%
1997-98 92,603 $10,147 $3,208 $6,939 $4,656 71.78% 12.26% 12.30% 46.03% 48.80% 4.87%
1998-99 95,380 $10,208 $3,528 $6,680 $4,401 75.26% 12.85% 10.34% 46.66% 48.64% 3.86%
1999-2000 90,458 $11,027 $3,888 $7,139 $4,754 74.28% 12.09% 11.29% 47.24% 47.64% 3.57%

(1) Does not include private assistance and unspecified "other" sources of aid.
(2) Does not include unspecified "other" types of aid.

PLEASE NOTE:

EXHIBIT G

10 Year History
Percentage of Need-Based Financial Assistance by the State of Wisconsin
Compared to All Other Sources of Assistance

 

state assistance comparison chart

EXHIBIT H

1999-2000
Dependency Status of FAFSA Applicants

 

FAFSA status chart

 

1999-2000 year-end data above includes Wisconsin resident undergraduates, awarded and unawarded, for the FAFSA filer's first school only.

Data provided by the University of Wisconsin System Administration, each Independent College or University, and the Wisconsin Technical College System Board.

 

Board Report #01-9

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