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Board Report #99-14

Exhibits A - H

Need Based Assistance
All Sectors

 

EXHIBIT A

1997-98
ALL SECTORS
Independent Colleges & Universities, UW System, WI Technical College System
Need Based Financial Aid

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Total Federal Assistance 163,311 $309,476,724 $1,895 71.78%
Total Institutional Assistance 23,621 $53,013,018 $2,244 12.30%
Total Other Assistance 3,503 $5,763,593 $1,645 1.34%
Total Private Assistance 5,913 $10,039,988 $1,698 2.33%
Total State Assistance 51,412 $52,841,013 $1,028 12.26%
Total Assistance 247,760 $431,134,336 $1,740 100.00%

 

Number of Students Receiving Financial Assistance 92,603
 
Total Cost of Education $939,671,264
- Expected Family Contribution (EFC) $297,113,719

= Total Need $642,557,545
 
Total Need $642,557,545
- Total Need Based Assistance $431,134,336

= Total Unmet Need $211,423,209

 

1997-98
Pecentage of Need Based Aid Spent by All Sectors

need-based aid chart

EXHIBIT B

1997-98
ALL SECTORS
Breakdown of Need Based Assistance Spent

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Federal Assistance
EMPLOYMENT 12,957 $14,677,183 $1,133 3.40%
  Federal Work Study 12,957 $14,677,183 $1,133 3.40%
GRANTS 69,298 $85,318,931 $1,231 18.46%
  BIA Grant 887 $2,464,102 $2,778 0.57%
  Pell Grant 45,420 $68,536,126 $1,509 15.90%
  SEOG 22,969 $14,298,098 $622 3.32%
  Other Grants 22 $20,605 $937 0.00%
LOANS 81,056 $209,480,610 $2,584 48.59%
  Perkins Loan 13,730 $20,917,222 $1,523 4.85%
  Stafford Loan 67,059 $187,853,994 $2,801 43.57%
  Other Loans 267 $709,394 $2,657 0.16%
Total Federal Assistance 163,311 $309,476,724 $1,895 71.78%
Institutional Assistance
EMPLOYMENT 6,975 $6,316,268 $905 1.47%
  Institutional Employment 6,975 $6,316,268 $905 1.47%
GRANTS 16,099 $45,901,121 $2,851 10.65%
  Institutional Grants 16,099 $45,901,121 $2,851 10.65%
LOANS 546 $795,629 $1,457 0.18%
  Institutional Loans 546 $795,629 $1,457 0.18%
Total Institutional Assistance 23,621 $53,013,018 $2,244 12.30%
Other Assistance
GRANTS 3,068 $4,448,070 $1,450 1.03%
  Other Grants 3,068 $4,448,070 $1,450 1.03%
OTHER 435 $1,315,523 $3,024 0.31%
  Other Need Based Aid 435 $1,315,523 $3,024 0.31%
Total Other Assistance 3,503 $5,763,593 $1,645 1.34%
Private Assistance
GRANTS 5,913 $10,039,988 $1,698 2.33%
  Private Grants 5,913 $10,039,988 $1,698 2.33%
Total Private Assistance 5,913 $10,039,988 $1,698 2.33%
State Assistance*
GRANTS 51,348 $52,727,083 $1,027 12.23%
  Handicapped Student Grant 66 $97,586 $1,479 0.02%
  Indian Student Grant 793 $735,536 $928 0.17%
  Minority Retention Grant 662 $677,613 $1,024 0.16%
  Talent Incentive Program Grant 4,319 $4,561,161 $1,056 1.06%
  Wisconsin Higher Education Grant 34,022 $26,981,493 $793 6.26%
  Wisconsin Tuition Grant 9,806 $17,498,665 $1,784 4.06%
  Other Grants (e.g. Lawton) 1,680 $2,175,029 $1,295 0.50%
LOANS 64 $113,930 $1,780 0.03%
  Minority Teacher Loan 64 $113,930 $1,780 0.03%
Total State Assistance 51,412 $52,841,013 $1,028 12.26%
* Figures do not include the Academic Excellence Scholarship

EXHIBIT C

1997-98
Average
Education Cost / Need-Based Financial Assistance
Comparison

 

cost/aid comparison chart

EXHIBIT D

1997-98
EFC Comparison by Sector

 

EFC comparison chart

EXHIBIT E

1997-98
Need Based Assistance
Grant, Loan, Work
Comparison

 

assistance comparison chart

EXHIBIT F

ALL SECTORS
10 Year History of Need Based Financial Aid

 

PERCENTAGES OF FINANCIAL AID SPENT
SOURCE TYPE
ACADEMIC
YEAR
# OF
RECIPIENTS
AVG.
COST
AVG.
CONTRIB.
AVG.
NEED
AVG.
AID
(1)
FEDERAL
AID
STATE
AID
INST.
AID
GRANT LOAN WORK
1988-89 82,312 $6,814 $2,276 $4,528 $3,490 73.80% 13.00% 10.00% 55.30% 38.20% 5.10%
1989-90 85,441 $7,022 $2,362 $4,660 $3,572 72.80% 12.00% 10.30% 54.60% 38.80% 5.10%
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%
1997-1998 92,603 $10,147 $3,208 $6,939 $4,656 71.78% 12.26% 12.30% 46.03% 48.80% 4.87%
(1) Need Based Assistance Only

PLEASE NOTE:

EXHIBIT G

ALL SECTORS
10 Year History
Percentages of Financial Assistance by the State of Wisconsin
Compared to All Other Sources of Assistance

 

state assistance comparison chart

EXHIBIT H

1997-98
Status of FAFSA Applicants by Sector

 

FAFSA status chart

 

1997-98 year end data above includes Wisconsin resident undergrads, awarded and unawarded, and the FAFSA filer's first school only.

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

 

Board Report #99-14

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