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Board Report #99-14

Exhibits I - L

Need Based Assistance
Independent Colleges and Universities

 

EXHIBIT I

1997-98
Independent Colleges & Universities
Need Based Financial Assistance

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Total Federal Assistance 32,659 $71,029,434 $2,175 50.34%
Total Institutional Assistance 14,100 $43,927,603 $3,115 31.13%
Total Other Assistance 547 $1,617,332 $2,957 1.15%
Total Private Assistance 2,167 $5,245,887 $2,421 3.72%
Total State Assistance 11,438 $19,280,435 $1,686 13.66%
Total Assistance 60,911 $141,100,691 $2,317 100.00%

 

Number of Students Receiving Financial Assistance 17,714
 
Total Cost of Education $302,987,490
- Expected Family Contribution (EFC) $91,022,644

= Total Need $211,964,846
 
Total Need $211,964,846
- Total Need Based Assistance $141,100,691

= Total Unmet Need $70,864,155

 

1997-98
Pecentage of Need Based Assistance Spent
by Independent Colleges and Universities

need-based aid chart

EXHIBIT J

1997-98
Independent Colleges and Universities
Breakdown of Need Based Assistance Spent

 

Number
of Awards
Total
Dollars
Average
Award
% of Total
Aid Spent
Federal Assistance
EMPLOYMENT 3,453 $4,016,937 $1,163 3.85%
  Federal Work Study 3,453 $4,016,937 $1,163 3.85%
GRANTS 11,959 $14,436,702 $1,207 10.23%
  BIA Grant 300 $831,852 $2,773 0.59%
  Pell Grant 6,976 $10,389,481 $1,491 7.36%
  SEOG 4,692 $3,215,369 $685 2.28%
LOANS 17,247 $52,575,795 $3,048 37.26%
  Perkins Loan 2,575 $4,286,517 $1,665 3.04%
  Stafford Loan 14,672 $48,289,278 $3,291 34.22%
Total Federal Assistance 32,659 $71,029,434 $2,175 50.34%
Institutional Assistance
EMPLOYMENT 1,298 $1,475,568 $1,137 1.05%
  Institutional Employment 1,298 $1,475,568 $1,137 1.05%
GRANTS 12,417 $41,820,123 $3,368 29.64%
  Institutional Grants 12,417 $41,820,123 $3,368 29.64%
LOANS 385 $631,912 $1,641 0.45%
  Institutional Loans 385 $631,912 $1,641 0.45%
Total Institutional Assistance 14,100 $43,927,603 $3,115 31.13%
Other Assistance
GRANTS 547 $1,617,332 $2,957 1.15%
  Other Grants 244 $455,939 $1,869 0.32%
  Vocational Rehabilitation Grants 139 $384,400 $2,7065 0.27%
  Veterans Benefits 164 $776,993 $4,738 0.55%
Total Other Assistance 547 $1,617,332 $2,957 1.15%
Private Assistance
GRANTS 2,167 $5,245,887 $2,421 3.72%
  Private Grants 2,167 $5,245,887 $2,421 3.72%
Total Private Assistance 2,167 $5,245,887 $2,421 3.72%
State Assistance*
GRANTS 11,420 $19,245,935 $1,685 13.64%
  Handicapped Student Grant 7 $12,600 $1,800 0.01%
  Indian Student Grant 273 $244,372 $895 0.17%
  Minority Retention Grant 314 $375,936 $1,197 0.27%
  Talent Incentive Program Grant 1,038 $1,150,927 $1,109 0.82%
  Wisconsin Tuition Grant 9,788 $17,462,100 $1,784 12.38%
LOANS 18 $34,500 $1,917 0.02%
  Minority Teacher Loan 18 $34,500 $1,917 0.02%
Total State Assistance 11,438 $19,280,435 $1,686 13.66%
* Figures do not include the Academic Excellence Scholarship

EXHIBIT K

10 Year History of Need Based Financial Aid
Independent Colleges and Universities

 

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 13,822 $10,996 $3,658 $7,338 $5,861 51.20% 17.90% 27.20% 59.70% 35.50% 4.10%
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%
1997-1998 17,714 $17,104 $5,138 $11,966 $7,965 50.34% 13.66% 31.13% 58.37% 37.73% 3.89%
(1) Need Based Assistance Only

PLEASE NOTE:

EXHIBIT L

1997-98
Independent Colleges and Universities (WAICU Members Only)
Expected Family Contribution (EFC) Ranges and Dependency Status

 

% EFC STATUS
COLLEGE OR
UNIVERSITY
ZERO $1 - $1,999 $2,000 - $2,999 $3,000 - $3,999 OVER $4,000 DEPENDENT INDEPENDENT NUMBER OF
APPLICANTS
ALVERNO COLLEGE 42.47% 39.41% 5.99% 5.10% 7.02% 26.53% 73.47% 784
BELOIT COLLEGE 6.22% 17.22% 11.96% 6.22% 58.37% 94.26% 5.74% 209
CARDINAL STRITCH UNIVERSITY 11.41% 14.20% 6.81% 5.99% 61.58% 30.79% 69.21% 1,218
CARROLL COLLEGE 7.12% 15.54% 9.17% 9.58% 58.59% 79.81% 20.19% 1,461
CARTHAGE COLLEGE 12.08% 19.67% 10.31% 9.77% 48.17% 68.93% 31.07% 737
CONCORDIA UNIVERSITY 21.27% 29.88% 9.69% 10.09% 29.07% 42.26% 57.74% 743
EDGEWOOD COLLEGE 16.98% 39.62% 13.48% 12.94% 16.98% 72.51% 27.49% 371
LAKELAND COLLEGE 11.22% 15.47% 10.35% 10.24% 52.72% 49.35% 50.65% 918
LAWRENCE UNIVERSITY 2.95% 18.14% 9.92% 7.38% 61.60% 93.46% 6.54% 474
MARIAN COLLEGE 11.12% 21.38% 9.83% 8.21% 49.46% 56.26% 43.74% 926
MARQUETTE UNIVERSITY 11.01% 16.79% 8.44% 7.49% 56.27% 80.60% 19.40% 2,216
MILWAUKEE INSTITUTE OF ART & DESIGN 18.89% 22.60% 7.12% 8.67% 42.72% 71.21% 28.79% 323
MILWAUKEE SCHOOL OF ENGINEERING 6.80% 15.13% 8.15% 7.97% 61.95% 73.05% 26.95% 1,117
MT. MARY COLLEGE 17.76% 21.88% 6.74% 8.88% 44.74% 42.27% 57.73% 608
MT. SENARIO COLLEGE 28.49% 27.21% 8.82% 5.70% 29.78% 40.26% 59.74% 544
NORTHLAND COLLEGE 18.75% 29.81% 9.13% 9.13% 33.17% 68.27% 31.73% 208
RIPON COLLEGE 7.18% 20.30% 8.66% 8.42% 55.45% 94.06% 5.94% 404
ST. NORBERT COLLEGE 6.84% 24.16% 16.57% 14.59% 37.84% 94.07% 5.93% 658
SILVER LAKE COLLEGE 17.62% 22.54% 11.14% 5.96% 42.75% 31.35% 68.65% 386
VITERBO COLLEGE 10.54% 22.82% 13.85% 8.28% 44.51% 67.86% 32.14% 1,148
WISCONSIN LUTHERAN COLLEGE 5.71% 16.33% 9.80% 8.16% 60.00% 91.02% 8.98% 245
 
TOTAL APPLICANTS 2,079 3,272 1,499 1,321 7,527 10,026 5,672 15,698
 
AVERAGE FOR SYSTEM 13.93% 22.39% 9.81% 8.51% 45.37% 65.15% 34.85% 748

 

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

Data provided by the Independent Colleges and Universities.

 

Board Report #99-14

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