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Board Report #02-14

Exhibits I - L

Need-Based Financial Assistance
Independent Colleges and Universities

 

EXHIBIT I

2000-01
Independent Colleges & Universities
Need-Based Financial Assistance

 

Number of Students Receiving Financial Assistance 18,703
 
Total Cost of Education $353,669,396
- Expected Family Contribution (EFC) $135,262,085

= Total Need $218,407,311
 
Total Need $218,407,311
- Total Need-Based Assistance $150,894,838

= Total Unmet Need $67,512,473

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Total Federal Assistance 30,664 $69,560,184 $2,268 46.10%
Total Institutional Assistance 12,161 $52,839,418 $4,345 35.02%
Total Other Assistance 125 $412,612 $3,301 0.27%
Total Private Assistance 1,391 $3,172,825 $2,281 2.10%
Total State Assistance 13,559 $24,909,799 $1,837 16.51%
Total Need-Based Assistance 57,900 $150,894,838 $2,606 100.00%

 

2000-01 Independent Colleges and Universities
Pecentage of Need Based Assistance

need-based aid chart

In 2000-01, Tribal Colleges were seperated from the Independent Colleges & Universities data.

EXHIBIT J

2000-01
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 3,146 $3,668,495 $1,166 2.43%
  Federal Work Study 3,146 $3,668,495 $1,166 2.43%
GRANTS 10,712 $16,414,830 $1,532 10.88%
  Bureau of Indian Affairs Grants 100 $649,790 $6,498 0.43%
  Pell Grants 6,566 $12,248,667 $1,865 8.12%
  Supplemental Educational Opportunities Grants 4,046 $3,516,373 $869 2.33%
LOANS 16,806 $49,476,859 $2,944 32.79%
  Perkins Loans 2,336 $4,515,257 $1,933 2.99%
  Stafford Loans 14,470 $44,961,602 $3,107 29.80%
Total Federal Assistance 30,664 $69,560,184 $2,268 46.10%
Institutional Assistance
  Employment 480 $488,235 $1,017 0.32%
  Grants 10,926 $50,428,275 $4,615 32.42%
  Loans 755 $1,922,908 $2,547 1.27%
Total Institutional Assistance 12,161 $52,839,418 $4,345 35.02%
Other Assistance (1)
Total Other Assistance 125 $412,612 $3,301 0.27%
Private Assistance
  Privately Funded Grants or Scholarships 1,391 $3,172,825 $2,281 2.10%
Total Private Assistance 1,391 $3,172,825 $2,281 2.10%
State Assistance Administerd by HEAB
  Hearing & Visually Handicapped Student Grant 8 $14,400 $1,800 0.01%
  Indian Student Assistance Grant 65 $62,650 $964 0.04%
  Minority Undergraduate Retention Grant 268 $333,158 $1,243 0.22%
  Talent Incentive Program Grant 889 $1,280,521 $1,440 0.85%
  Wisconsin Tuition Grant 12,329 $23,219,070 $1,883 15.39%
Total State Assistance 13,559 $24,909,799 $1,837 16.51%
TOTAL NEED-BASED ASSISTANCE 57,900 $150,894,838 $2,606 100.00%

(1) Includes DVR, veteran's benefits, outside scholarships, TRIO, and Federal Nursing Loans.

In 2000-01, Tribal Colleges were seperated from the Independent Colleges & Universities data.

EXHIBIT K

2000-01
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
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* 17,768 $16,783 $5,152 $11,630 $9,138 52.08% 11.04% 33.21% 52.89% 44.14% 2.97%
1997-98 17,335 $17,384 $5,244 $12,144 $8,070 50.21% 13.51% 31.39% 58.03% 38.06% 3.91%
1998-99 17,493 $17,592 $6,339 $11,253 $7,633 50.16% 14.47% 32.35% 57.82% 36.48% 4.29%
1999-2000 17,870 $18,703 $6,866 $11,837 $7,871 50.54% 13.37% 34.06% 58.31% 37.77% 3.67%
2000-01 18,703 $18,910 $7,232 $11,678 $8,068 46.10% 16.51% 35.02% 62.91% 34.06% 2.75%

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

* 1996-97 was the first year in which the Tribal Colleges were surveyed for WISSIS. This table has been altered to no longer include Tribal College data, beginning with the 1996-97 data.

PLEASE NOTE:

EXHIBIT L

2000-01
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 33.13% 32.83% 10.37% 7.25% 16.31% 28.90% 71.10% 993
Bellin College of Nursing 12.98% 16.79% 12.21% 6.11% 51.91% 61.07% 38.93% 131
Beloit College 9.52% 13.76% 4.76% 5.29% 65.08% 92.06% 7.94% 189
Cardinal Stritch University 12.52% 17.16% 6.07% 4.52% 58.05% 24.10% 75.90% 1,614
Carroll College 6.23% 10.71% 5.45% 5.65% 70.45% 79.74% 20.26% 1,540
Carthage College 10.63% 20.34% 11.19% 6.90% 50.37% 73.32% 26.68% 536
Concordia University Wisconsin 11.92% 17.14% 5.93% 5.93% 56.47% 39.15% 60.85% 1,686
Edgewood College 14.57% 23.50% 11.11% 9.47% 40.98% 72.13% 27.87% 549
Lakeland College 15.46% 18.37% 7.93% 6.67% 49.29% 37.76% 62.24% 1,274
Lawrence University 6.24% 11.78% 7.39% 3.93% 69.05% 96.30% 3.70% 433
Maranatha Baptist Bible College 14.78% 27.09% 12.81% 10.84% 33.50% 81.28% 18.72% 203
Marian College 12.02% 15.64% 8.94% 7.13% 54.47% 63.19% 36.81% 940
Marquette University 11.07% 11.54% 5.46% 5.69% 63.70% 84.34% 15.66% 2,548
Milwaukee Institute of Art & Design 17.25% 16.98% 5.93% 5.93% 52.56% 76.82% 23.18% 371
Milwaukee School of Engineering 8.28% 10.60% 6.11% 8.20% 65.94% 74.23% 25.77% 1,292
Mt. Mary College 17.27% 15.83% 6.12% 3.78% 54.86% 44.66% 55.40% 556
Mt. Senario College 24.62% 25.63% 6.85% 7.36% 35.03% 46.70% 53.30% 394
Northland College 17.12% 20.72% 9.46% 4.05% 48.20% 75.68% 24.32% 222
Ripon College 4.01% 12.24% 6.96% 5.27% 70.46% 96.41% 3.59% 474
St. Norbert College 6.40% 15.75% 8.07% 8.19% 61.46% 95.52% 4.48% 781
Silver Lake College 16.35% 20.64% 10.46% 9.65% 42.36% 32.71% 67.29% 373
Viterbo University 10.21% 18.66% 8.37% 8.37% 53.39% 68.54% 31.46% 1,195
Wisconsin Lutheran College 3.17% 10.85% 8.20% 6.88% 70.37% 93.92% 6.08% 378
       
TOTAL APPLICANTS 2,315 3,081 1,362 1,213 10.425 11,756 6,916 18,672
       
AVERAGE 12.40% 16.50% 7.29% 6.50% 55.83% 62.96% 37.04% 812

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

In 2000-01, Tribal Colleges were seperated from the Independent Colleges & Universities data.

 

2000-01 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 #02-14

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