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AL HERMSEN, DIRECTOR OFFICE OF STUDENT FINANCIAL AID WAYNE STATE UNIVERSITY EFFECTIVE DATA ANALYSIS AND PRESENTATION.

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Presentation on theme: "AL HERMSEN, DIRECTOR OFFICE OF STUDENT FINANCIAL AID WAYNE STATE UNIVERSITY EFFECTIVE DATA ANALYSIS AND PRESENTATION."— Presentation transcript:

1 AL HERMSEN, DIRECTOR OFFICE OF STUDENT FINANCIAL AID WAYNE STATE UNIVERSITY EFFECTIVE DATA ANALYSIS AND PRESENTATION

2 WAYNE STATE UNIVERSITY Large urban public school – Detroit, Michigan 32,000 students 20,000 undergrads and 12,000 grad/professional students Medical, Law and Pharmacy schools Founded in 1867 82% of the students receive some form of financial aid

3 Data Analysis Needs Funding needs Monitor spending Final reports with details Comparisons to other schools National trends Longitudinal reports Operating funds

4 Funding needs Analyze your school needs Compare to other schools Set goals Explain goals to budget team Get commitment

5 Packaging Survey

6 p The equity packaging model for need based aid provides sufficient funding for tuition and fees without loans. Graph before new model:

7 Equity Packaging Model After New Model was Implemented EFC RANGE0100020003000400050006000700080009000 # STUDENTS428162547039234528734533022663

8 Loans to Meet Cost of Attendance Several types of loans are needed to meet the cost of attendance for students

9 Monthly Spending and Projection Program Budget Buffer Summer Fall Est. F/W Spring Est. Exp. Balance Campus-based Health Prof. Other Federal Direct Loans Total Federal State Programs Inst. Need-based Inst. Merit based Graduate awards

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12 Comparison to other schools College Navigator Check other school websites Survey of competitor schools

13 Packaging Survey

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15 Average Estimated Undergraduate Budgets, 2010-11 (Enrollment-Weighted) SOURCE: The College Board, Trends in College Pricing 2010, Figure 1.

16 Average Annual Percentage Increases in Inflation-Adjusted Published Prices by Decade, 1980-81 to 2010-11 SOURCE: The College Board, Trends in College Pricing, Figure 4

17 Public Four-Year Colleges and Universities Average Tuition and Fee and Room and Board (TFRB) Charges by College Board Region, in Constant 2010 Dollars, 2000-01 and 2010-11 (Enrollment-Weighted) SOURCE: The College Board, Trends in College Pricing 2010, Figure 6.

18 Net Price: Public Two-Year Colleges Full-Time Students by Dependency Status and Family Income, 2007-08 SOURCE: The College Board, Trends in College Pricing 2010, Figure 8B.

19 State Appropriations for Higher Education per $1,000 in Personal Income by State, 2009-10 (including Federal Stimulus Funds) SOURCE: The College Board, Trends in College Pricing 2010, Figure 11B.

20 Percentage Growth in Mean Family Income by Quintile in Constant 2009 Dollars, 1979–1989, 1989–1999, and 1999–2009 SOURCE: The College Board, Trends in College Pricing 2010, Figure 16A.

21 Median Family Income by Selected Characteristics, 2009 SOURCE: The College Board, Trends in College Pricing 2010, Figure 16B.

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23 Ten-Year Trend in Student Aid and Nonfederal Loans per FTE Used to Finance Postsecondary Education Expenses in Constant 2009 Dollars, 1999-2000 to 2009-10 SOURCE: The College Board, Trends in Student Aid 2010, Figure 1.

24 Undergraduate Student Aid by Source (in Billions), 2009-10 SOURCE: The College Board, Trends in Student Aid 2010, Figure 2A.

25 Average Student Debt per Borrower and Average Student Debt per Graduate Public Four-Year Bachelor’s Degree Recipients 1999-2000 to 2008-09 (in Constant 2009 dollars) SOURCE: The College Board, Trends in Student Aid 2010, Figure 10A.

26 Average Aid per Undergraduate FTE, 1994-95 to 2009-10 in Constant 2009 Dollars SOURCE: The College Board, Trends in Student Aid 2010, Figure 11A.

27 Percentage Distribution of Pell Grant Recipients by Family Income and Dependency Status, 2008-09 SOURCE: The College Board, Trends in Student Aid 2010, Figure 14A.

28 Percentage Distribution of Pell Grant Recipients by Age, 2008-09 SOURCE: The College Board, Trends in Student Aid 2010, Figure 14B.

29 “Trends” web-site For more information, visit: trends.collegeboard.org

30 Longitudinal Reports Develop your own trends reports Follow examples from College Board or others

31 Increased Need for Financial Aid The effect of the economy has lead to a 44% increase in financial aid applications

32 Increase in Undergraduate Aid Financial aid to undergraduates increased 62.5%. 84% of undergraduates receive some aid.

33 Increases in Gift Aid Large increases in Pell Grants and BOG awards have increased need-based funding 142% Increased institutional merit awards have been offset by State and Federal merit aid decreases

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35 Al Hermsen Senior Director Office of Financial Aid Wayne State University ahermsen@wayne.edu 313 577-3533

36 QUESTIONS?


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