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Undergraduates in Minnesota: Who are they and how do they finance their education? Tricia Grimes Shefali Mehta Minnesota Office of Higher Education November.

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Presentation on theme: "Undergraduates in Minnesota: Who are they and how do they finance their education? Tricia Grimes Shefali Mehta Minnesota Office of Higher Education November."— Presentation transcript:

1 Undergraduates in Minnesota: Who are they and how do they finance their education? Tricia Grimes Shefali Mehta Minnesota Office of Higher Education November 2005

2 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, What are the characteristics of Minnesotas undergraduate student population? What is the financial situation facing Minnesotas undergraduates? –Price of attendance after grants –Annual and cumulative borrowing –Types of loans borrowed How do these characteristics differ across sectors? Policy Questions

3 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, National Postsecondary Student Aid Study (NPSAS) for Data was retrieved using the National Center for Education Statistics (NCES) online Data Analysis System (DAS) at: Source of Data

4 Undergraduate Student Demographics in Minnesota Demographic Variables Included in the NPSAS Data

5 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Enrollment by Institutional Sector

6 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Dependency Status by Institutional Sector While the public 2-year sector has more independent students, more than 70% of the undergraduates in both 4-year sectors are dependent students.

7 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Age by Institutional Sector The public 2-year sector has an older population.

8 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: English is Not the Primary Language In all three sectors, 6% of undergraduates said that they come from homes where English is not the primary language.

9 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Hours Employed per Week Only 17% of Minnesotas undergraduates report that they do not work. Students at public 2-year institutions work the most hours each week.

10 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Students with Children by Sector About 1 out of 5 undergraduates has children.

11 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Parents Educational Attainment About 1 in 4 undergraduates is the first generation to attend college. The majority of parents in both 4-year sectors have at least some college.

12 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Parents Place of Birth

13 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, U.S. and Minnesota: Racial and Ethnic Demographics

14 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Racial and Ethnic Demographics by Sector

15 Net Prices for Postsecondary Institutions Student Budgets and Net Prices (Student Budgets Minus Total Grants) for Full-time, Full-Year Undergraduate Students

16 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota

17 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Public Four-Year Institutions

18 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Public Two-Year Institutions

19 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Private Not-for-Profit Four-Year Instit.

20 Annual Borrowing Average Annual Borrowing by Undergraduates

21 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Public 4-Year Sector

22 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Private Not-For-Profit 4-Year Sector

23 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, U.S. and Minnesota: Type of Loans Borrowed

24 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Borrowing in 2000

25 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Borrowing in 2004

26 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Types of Loans Borrowed by Sector

27 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: Private Loans Borrowed by Sector About 20% of undergraduates in the private not-for-profit 4- year sector borrow private loans.

28 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota: State Loans Borrowed by Sector 25% of undergraduates in the public 4-year sector borrow state loans.

29 Cumulative Borrowing Cumulative Borrowing by Graduating Seniors

30 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, National Data More than half of the students in the highest income category borrow.

31 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota The majority graduate with an average of $20,000 in loans.

32 Summary

33 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, The NPSAS data provides some previously unavailable data. The data has limitations, such as small sample sizes for some areas, which can lead to large standard errors and statistically insignificant estimates. However, the NPSAS data provides much valuable information and increases the understanding of several key variables Summary

34 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, –The net prices faced by those in the lower income groups are a substantial share of their incomes. –A large number of students borrow as undergraduates, even those in the highest income category ($90,000+). –Within each sector, the total amounts borrowed do not vary across the income categories. Summary: Observations

35 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Data can be retrieved from the website: For tutorials and technical assistance: For help with tables: Retrieving NPSAS Data

36 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, Minnesota Information from the National Postsecondary Student Aid Study Percent of undergraduates with selected characteristics, by institutional sector TotalPublic Four-Year NationalMinnesotaNationalMinnesota Percent of undergraduates who: Were Dependent Students50%59%66%71% Lived on campus14%20%25%31% Lived with parents24%15%20%8% Were 30 years old or older26%21%13% Were married21% 14%12% Had children25%21%13%10% Were single parents13%8%6%4% Reported a disability11%9%10%7% Were first generation to attend college34%26% 19% Large Table with Socioeconomic Characteristics

37 November 2005Minnesota Office of Higher Education, Data Source: NCES NPSAS, If you have questions or comments, please contact –Tricia Grimes OR –Shefali Mehta Further Information


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