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Board Report #01-9

Exhibits I - L

Need-Based Financial Assistance
Independent Colleges and Universities

 

EXHIBIT I

1999-2000
Independent Colleges & Universities
Need-Based Financial Assistance

 

Number of Students Receiving Financial Assistance 18,284
 
Total Cost of Education $336,783,321
- Expected Family Contribution (EFC) $122,961,492

= Total Need $213,821,829
 
Total Need $213,821,829
- Total Need-Based Assistance $142,453,626

= Total Unmet Need $71,368,203

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Total Federal Assistance 30,340 $72,111,775 $2,377 50.62%
Total Institutional Assistance 11,956 $47,908,096 $4,007 33.66%
Total Other Assistance 164 $357,997 $2,183 0.25%
Total Private Assistance 1,485 $2,619,864 $1,764 1.84%
Total State Assistance 11,133 $19,455,894 $1,748 13.66%
Total Need-Based Assistance 55,078 $142,453,626 $2,586 100.00%

 

1999-2000 Independent Colleges and Universities
Pecentage of Need Based 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 J

1999-2000
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 3,030 $3,560,844 $1,175 2.50%
  Federal Work Study 3,030 $3,560,844 $1,175 2.50%
GRANTS 11,182 $16,047,169 $1,435 11.26%
  BIA Grants 308 $985,016 $3,198 0.69%
  Pell Grants 6,735 $11,619,309 $1,725 8.16%
  SEOG 4,139 $3,442,844 $832 2.42%
LOANS 16,128 $52,503,762 $3,255 36.86%
  Perkins Loans 2,355 $4,454,132 $1,891 3.13%
  Stafford Loans 11,773 $48,049,630 $3,489 33.73%
Total Federal Assistance 30,340 $72,111,775 $2,377 50.62%
Institutional Assistance
  Employment 610 $1,619,339 $2,655 1.14%
  Grants 10,932 $45,667,373 $4,177 32.06%
  Loans 414 $621,384 $1,501 0.44%
Total Institutional Assistance 11,956 $47,908,096 $4,007 33.63%
Other Assistance (1)
Total Other Assistance 164 $357,997 $2,183 0.25%
Private Assistance
Total Private Assistance 1,485 $2,619,864 $1,764 1.84%
State Assistance Administerd by HEAB
  Hearing & Visually Handicapped Student Grant 10 $16,200 $1,620 0.01%
  Indian Student Assistance Grant 313 $280,562 $896 0.20%
  Minority Undergraduate Retention Grant 290 $333,736 $1,151 0.23%
  Talent Incentive Program Grant 928 $1,065,834 $1,149 0.75%
  Wisconsin Higher Education Grant - Tribal 299 $374,868 $1,254 0.26%
  Wisconsin Tuition Grant 9,293 $17,384,694 $1,871 12.20%
Total State Assistance 11,133 $19,455,894 $1,871 13.66%
TOTAL NEED-BASED ASSISTANCE 55,078 $142,453,626 $2,586 100.00%

(1) Includes DVR, VA Benefits, TRIO Grants, Federal Nursing Loans, JTPA, and outside assistance.

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 K

1999-2000
Independent Colleges and Universities
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 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%
1998-99 17,961 $17,289 $6,188 $11,101 $7,527 50.19% 14.73% 31.95% 58.33% 36.03% 2.49%
1999-2000 18,284 $18,420 $6,725 $11,694 $7,791 50.62% 13.66% 33.63% 58.82% 37.29% 2.15%

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

PLEASE NOTE:

EXHIBIT L

1999-2000
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 39.77% 39.00% 6.56% 4.76% 9.78% 29.09% 70.91% 777
BELOIT COLLEGE 7.82% 14.53% 7.82% 7.26% 62.57% 93.30% 6.70% 179
CARDINAL STRITCH UNIVERSITY 14.19% 16.60% 7.46% 4.69% 55.26% 28.26% 71.74% 1,663
CARROLL COLLEGE 6.07% 12.33% 6.39% 7.50% 66.86% 80.23% 19.77% 1,533
CARTHAGE COLLEGE 16.13% 28.23% 13.17% 7.53% 34.95% 75.54% 24.46% 372
COLLEGE OF THE MENOMINEE NATION 40.23% 28.91% 8.98% 6.64% 13.28% 21.09% 78.91% 256
CONCORDIA UNIVERSITY WISCONSIN 12.52% 16.04% 5.60% 6.73% 55.79% 40.88% 59.12% 1,590
EDGEWOOD COLLEGE 18.72% 35.38% 14.62% 8.72% 22.56% 66.92% 33.08% 390
LAC COURTE OREILLES OJIBWA 72.81% 18.44% 4.38% 0.94% 3.13% 11.25% 88.75% 320
LAKELAND COLLEGE 14.93% 20.47% 7.36% 7.78% 47.44% 49.57% 50.43% 938
LAWRENCE UNIVERSITY 3.68% 12.77% 6.58% 6.19% 67.50% 95.36% 4.64% 517
MARANATHA BAPTIST BIBLE COLLEGE 11.89% 35.68% 10.81% 10.81% 30.27% 76.22% 23.78% 185
MARIAN COLLEGE 11.67% 16.77% 8.85% 8.23% 53.23% 62.29% 37.71% 960
MARQUETTE UNIVERSITY 9.64% 11.83% 6.27% 6.73% 62.81% 83.33% 16.67% 2,646
MILWAUKEE INSTITUTE OF ART & DESIGN 14.17% 13.91% 8.66% 8.66% 52.49% 74.54% 25.46% 381
MILWAUKEE SCHOOL OF ENGINEERING 7.12% 11.92% 5.89% 7.41% 65.77% 77.54% 22.46% 1,376
MT. MARY COLLEGE 18.68% 17.15% 6.89% 5.51% 50.38% 45.48% 54.52% 653
MT. SENARIO COLLEGE 23.85% 24.45% 11.62% 8.62% 31.26% 44.69% 55.31% 499
NORTHLAND COLLEGE 15.94% 29.95% 3.38% 9.18% 41.06% 72.95% 27.05% 207
RIPON COLLEGE 4.22% 15.14% 6.70% 8.68% 64.76% 94.29% 5.71% 403
ST. NORBERT COLLEGE 5.51% 20.43% 16.16% 14.21% 43.69% 95.20% 4.80% 563
SILVER LAKE COLLEGE 16.15% 23.51% 7.93% 6.23% 45.33% 30.88% 69.12% 353
VITERBO COLLEGE 7.83% 22.08% 10.93% 9.75% 48.97% 71.34% 28.66% 1,354
WISCONSIN LUTHERAN COLLEGE 3.19% 14.20% 8.12% 7.54% 65.80% 93.04% 6.96% 345
 
TOTAL APPLICANTS 2,516 3,343 1,439 1,342 9,536 11,611 6,849 18,460
 
AVERAGE 13.63% 18.11% 7.80% 7.27% 51.66% 62.90% 37.10% 769

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

 

1999-2000 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 #01-9

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