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Board Report #01-9

Wisconsin State Student Financial Aid Data for 1999-2000

 

The series of exhibits in this Board Report present 1999-00 academic year need based and non-need based student financial aid information for Wisconsin resident undergraduates. The colleges and universities within the three different Wisconsin Higher Education Sectors provided the majority of the information reflected in these exhibits. The three sectors of colleges and universities include the Independent Colleges and Universities, the University of Wisconsin System, and the Wisconsin Technical College System. The first grouping of exhibits reflects all students from all sectors who receive need based assistance. The second, third, and fourth groupings show the same information as the first except that each is specific to a sector of schools. The last two groupings incorporate the non-need based assistance received by students who also receive need based assistance.

EXHIBITS A-H (Need Based Assistance - All Sectors)

These exhibits show the number of student financial aid recipients, total cost of education, total expected family contribution, total aid received by type and source along with total unmet need. As the data indicates, the number of awards decreased (5.4%) in 1999-00. The average expected family contribution rose (4.5%) from the prior year, as did the cost of education (2.4%). Total need-based financial aid increased by 2.4% in contrast to a reduction of 2.6% last year. So, while the total number of awards went down, overall funding and the average award increased. This is the second year that the WISSIS data has been collected using a re-definition of need-based and non-need-based aid. Beginning with the 1998-99 report, most Institutional, Private and Other Assistance were excluded from the need-based informational sections and are now included in the non-need based informational sections. This change was done to more accurately reflect how the institutions treat and award these types of aid. Additional clarification was done in defining need-based vs. non-need-based financial aid on the 1999-00 WISSIS data collection tool. This accounts for some changes as to where funds were counted in 1998-99 vs. 1999-00 data. For example non-need-based loans used to be counted with need-based loans. Need-based loans continued to be the primary type of assistance students relied on in 1999-00, accounting for 47.50% of all need-based aid. This percentage is a slight decline over 1998-99. However, it should be pointed out, that the use of non-need-based loans is increasing and overall loan debt continues to rise. In terms of need based aid sources, state funded assistance decreased (3.5%) and federally funded aid increased (1.1%). The decrease in state funding was primarily due to the late passage of the budget. The primary source of assistance in 1999-00 was, as it has been in the past, federally funded aid.

EXHIBITS I-L (Need Based Assistance - Independent Colleges and Universities)

The Independent College and University data for 1999-00 in some areas reflects the same trends when compared to the previous year. The number of awards increased by 1.8%. The cost of education increased by 8.4%. The expected family contribution increased by 10.6%. However, in contrast to last year, unmet need increased by 11.2% and total amount of need-based aid increased by 5.4%. This is explained by the increase in the cost of education and the fact that the increase in expected family contribution was less than half of what it was the previous year (22% vs. 10.6%). The primary type of assistance continues to come in the form of grant assistance for students attending Independent Colleges and Universities. The majority of assistance is funded by the federal government, but to a much lesser extent compared to all sectors combined.

EXHIBITS M-P (Need Based Assistance - University of Wisconsin System)

The average cost of education decreased by less than 1% and expected family contribution increased by 5.5% for students attending schools within the University of Wisconsin System in 1999-00. The number of awards decreased by 6.7%. Financial need decreased by 12% in 1999-00 compared to 1998-99. This was due to the relatively level cost of education and the increase in the expected family contribution which also accounts for the decrease in the number of awards. The overall total of need based aid remained essentially the same as last year. The great majority of funds in 1999-00 continued to come from loan sources and from programs funded by the federal government.

EXHIBITS Q-T (Need Based Assistance - Wisconsin Technical College System)

The number of awards decreased (6.9%) within the Wisconsin Technical College System. The cost of education increased (0.1%) and expected family contribution decreased (4.9%). The total need (2.9%) and total unmet need (1.1%) increased. The decrease in the number of awards is due, in part, to the late passage of the state budget. The percentage of grant aid as part of the total increased for the second year in row. The great majority of aid awarded to students attending Wisconsin Technical Colleges was federally funded.

EXHIBITS U-X (Non Need Based Assistance - All Sectors Combined and Each Individual Sector)

This section identifies the non-need-based assistance received by the students reported in the previous sections of this report. The first page combines all three sectors. The following three pages show a breakdown by sector. As noted earlier, this is the second year of redefining need-based and non-need-based aid. The number of awards decreased slightly (0.8%) but the total amount of non-need-based aid awarded increased by 7.2%.

EXHIBITS Y-Z (Need Based and Non Need Based Assistance Combined - All Sectors)

This section combines both the need based and the non-need based assistance information. How students finance the total cost of education is provided as is the source and type of need based and non-need based assistance. The majority of the cost of education is met by assistance that is based on financial need. Note that the total cost of education met by unknown sources fell from 8.24% to 6.9% in 1999-00. This is down from 10.95% in 1997-98. The majority of need based and non- need based assistance combined is funded by federal loan assistance.

Exhibits A - H     Exhibits I - L     Exhibits M - P

Exhibits Q - T     Exhibits U - X     Exhibits Y and Z

 

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