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Board Report #00-9

Exhibits I - L

Need-Based Financial Assistance
Independent Colleges and Universities

 

EXHIBIT I

1998-99
Independent Colleges & Universities
Need-Based Financial Assistance

 

Number of Students Receiving Financial Assistance 17,961
 
Total Cost of Education $310,532,877
- Expected Family Contribution (EFC) $111,139,369

= Total Need $199,393,508
 
Total Need $199,393,508
- Total Need-Based Assistance $135,196,583

= Total Unmet Need $64,196,925

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Total Federal Assistance 29,177 $67,852,359 $2,326 50.19%
Total Institutional Assistance 12,302 $43,200,628 $3,512 31.95%
Total Other Assistance 395 $1,887,544 $4,779 1.40%
Total Private Assistance 1,464 $2,347,038 $1,603 1.74%
Total State Assistance 11,047 $19,909,014 $1,802 14.73%
Total Need-Based Assistance 54,385 $135,196,583 $2,486 100.00%

 

1998-99 Independent Colleges and Universities
Pecentage of Need Based Assistance

need-based aid chart

PLEASE NOTE: The definition of Need-Based and NonNeed-Based Assistance has been revised for 1998-99 WISSIS data.

EXHIBIT J

1998-99
Independent Colleges and Universities
Breakdown of Need-Based Financial Assistance Spent

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Federal Assistance
EMPLOYMENT 3,236 $4,304,986 $1,330 3.18%
  Federal Work Study 3,236 $4,304,986 $1,330 3.18%
GRANTS 11,299 $15,750,877 $1,394 11.65%
  BIA Grants 273 $705,136 $2,583 0.52%
  Pell Grants 6,443 $11,134,293 $1,728 8.24%
  SEOG 4,583 $3,911,448 $853 2.89%
LOANS 14,642 $47,796,496 $3,264 35.35%
  Perkins Loans 2,719 $4,853,420 $1,785 3.59%
  Stafford Loans 11,923 $42,943,076 $3,602 31.76%
Total Federal Assistance 29,177 $67,852,359 $2,326 50.19%
Institutional Assistance
  Employment 742 $1,435,761 $1,935 1.06%
  Grants 11,072 $40,919,900 $3,696 30.27%
  Loans 488 $844,967 $1,731 0.62%
Total Institutional Assistance 12,302 $43,200,628 $3,512 31.95%
Other Assistance (1)
Total Other Assistance 395 $1,887,544 $4,779 1.40%
Private Assistance
Total Private Assistance 1,464 $2,347,038 $1,603 1.74%
State Assistance
GRANTS 11,015 $19,840,264 $1,801 14.68%
  Hearing & Visually Handicapped Student Grant 4 $6,300 $1,575 0.00%
  Indian Student Assistance Grant 378 $281,681 $745 0.21%
  Minority Undergraduate Retention Grant 271 $342,160 $1,263 0.25%
  Talent Incentive Program Grant 969 $1,139,885 $1,176 0.84%
  Wisconsin Tuition Grant 9,393 $18,070,238 $1,924 13.37%
LOANS 32 $68,750 $2,148 0.05%
  Minority Teacher Loan 32 $68,750 $2,148 0.05%
Total State Assistance 11,047 $19,909,014 $1,802 14.73%
TOTAL NEED-BASED ASSISTANCE 54,385 $135,196,583 $2,486 100.00%

(1) Includes DVR, VA Benefits, employee reimbursement, Lawrence Scholarships, TRIO Grants, Foundation workstudy, Federal Nursing loans.

PLEASE NOTE: The definition of Need-Based and NonNeed-Based Assistance has been revised for 1998-99 WISSIS data.

EXHIBIT K

1998-99
Independent Colleges and Universities
10 Year History of Need-Based Financial Assistance

 

PERCENTAGES OF FINANCIAL AID SPENT
SOURCE TYPE
ACADEMIC
YEAR
# OF
RECIPIENTS
AVG.
COST
AVG.
CONTRIB.
AVG.
NEED
AVG.
AID
FEDERAL
AID
STATE
AID
INST.
AID
GRANT LOAN WORK
1989-90 14,506 $11,763 $4,045 $7,718 $6,057 50.50% 17.00% 28.20% 59.30% 35.20% 4.30%
1990-91 15,187 $12,415 $4,237 $8,178 $6,506 50.10% 16.60% 29.20% 58.20% 36.40% 3.90%
1991-92 16,004 $13,186 $4,565 $8,621 $7,298 51.90% 14.00% 30.70% 56.90% 38.30% 3.70%
1992-93 17,081 $13,571 $4,179 $9,392 $7,519 52.10% 12.60% 32.50% 57.10% 38.80% 3.30%
1993-94 17,603 $14,296 $3,799 $10,497 $8,617 53.80% 12.20% 34.20% 53.90% 43.20% 2.90%
1994-95 18,393 $15,595 $4,078 $11,517 $8,690 54.10% 11.50% 29.60% 50.40% 44.80% 3.10%
1995-96 18,327 $15,946 $4,788 $11,158 $8,966 56.20% 11.70% 29.00% 50.30% 45.80% 2.60%
1996-97 18,080 $16,557 $5,067 $11,490 $9,025 52.15% 11.09% 33.05% 53.12% 43.92% 2.96%
1997-98 17,714 $17,104 $5,138 $11,966 $7,965 50.34% 13.66% 31.13% 58.37% 37.73% 3.89%
1998-1999 17,961 $17,289 $6,188 $11,101 $7,527 50.19% 14.73% 31.95% 58.33% 36.03% 2.49%

PLEASE NOTE:

EXHIBIT L

1998-99
Independent Colleges and Universities
Expected Family Contribution (EFC) Ranges and Dependency Status

 

% EFC STATUS
COLLEGE OR
UNIVERSITY
$0 $1 - $1,999 $2,000 - $2,999 $3,000 - $3,999 $4,000 + DEPENDENT INDEPENDENT NUMBER OF
APPLICANTS
ALVERNO COLLEGE 43.17% 37.24% 7.26% 3.99% 7.01% 25.88% 74.12% 827
BELOIT COLLEGE 9.27% 18.05% 11.71% 4.88% 54.63% 90.24% 9.76% 205
CARDINAL STRITCH UNIVERSITY 12.81% 19.00% 6.19% 5.93% 47.21% 31.56% 68.44% 1,163
CARROLL COLLEGE 7.56% 13.76% 8.36% 9.58% 59.08% 80.84% 19.16% 1,388
CARTHAGE COLLEGE 14.84% 26.92% 15.38% 8.52% 34.34% 74.73% 25.27% 364
COLLEGE OF THE MENOMINEE NATION 77.44% 13.47% 3.03% 3.70% 1.68% 11.45% 88.55% 297
CONCORDIA UNIVERSITY WISCONSIN 21.21% 27.89% 7.42% 6.57% 29.16% 40.93% 59.07% 943
EDGEWOOD COLLEGE 18.42% 36.05% 13.95% 10.53% 20.00% 67.63% 32.37% 380
LAC COURTE OREILLES OJIBWA 74.19% 18.05% 3.23% 1.61% 1.94% 10.00% 90.00% 310
LAKELAND COLLEGE 14.84% 19.50% 9.69% 7.04% 42.77% 56.60% 43.40% 795
LAWRENCE UNIVERSITY 4.39% 19.56% 7.98% 6.99% 58.48% 94.21% 5.79% 501
MARANATHA BAPTIST BIBLE COLLEGE 13.17% 43.11% 11.38% 7.78% 24.55% 73.05% 26.95% 167
MARIAN COLLEGE 13.95% 22.34% 8.50% 8.62% 43.20% 58.84% 41.16% 882
MARQUETTE UNIVERSITY 11.12% 17.44% 7.02% 7.37% 52.75% 81.17% 18.83% 2,294
MILWAUKEE INSTITUTE OF ART & DESIGN 12.46% 18.54% 9.42% 6.99% 47.42% 78.42% 21.58% 329
MILWAUKEE SCHOOL OF ENGINEERING 6.66% 13.90% 8.09% 7.58% 61.67% 74.30% 25.70% 1,187
MT. MARY COLLEGE 19.30% 18.46% 8.56% 5.87% 43.46% 42.62% 57.38% 596
MT. SENARIO COLLEGE 24.72% 28.06% 8.02% 7.80% 29.62% 45.21% 54.79% 449
NATIVE AMERICAN EDUC. SERVICES 84.21% 0.00% 10.53% 0.00% 5.26% 5.26% 94.74% 19
NORTHLAND COLLEGE 23.01% 21.68% 11.06% 8.41% 35.40% 66.81% 33.19% 226
RIPON COLLEGE 6.47% 16.76% 8.24% 12.06% 56.18% 93.53% 6.47% 340
ST. NORBERT COLLEGE 5.77% 21.58% 16.47% 12.19% 43.99% 94.89% 5.11% 607
SILVER LAKE COLLEGE 17.37% 22.97% 7.84% 7.56% 43.42% 31.65% 68.35% 357
VITERBO COLLEGE 9.79% 23.63% 11.82% 9.08% 45.33% 69.14% 30.86% 1,134
WISCONSIN LUTHERAN COLLEGE 4.61% 19.15% 10.64% 7.45% 56.38% 93.26% 6.74% 282
 
TOTAL APPLICANTS 2,611 3,376 1,403 1,211 6,938 10,096 5,946 16,042
 
AVERAGE 16.28% 21.04% 8.75% 7.55% 43.25% 62.93% 37.07% 642

PLEASE NOTE: EFC range data does not include invalid EFC values.

 

1998-99 year-end data above includes Wisconsin resident undergraduates, awarded and unawarded, and FAFSA filer's first school only.

Data provided by the Independent Colleges and Universities.

 

Board Report #00-9

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