![Page 1: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/1.jpg)
INSTITUTIONAL NEED-BASED AID PROPOSAL
Marvin Smith, Director of Student Financial ServicesBeth Barnette Knight, Director Office of Student ScholarshipsMichele J. Hansen, Executive Director Office of Student Data,
Analysis, and Evaluation
![Page 2: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/2.jpg)
2
IUPUI Need-Based Aid Strategies
“Get the right money to the right students in the right way at the right time”
• Make IUPUI affordable for low income and low-to- middle income Indiana families
• Link need-based aid programs with academic and social supports needed to promote persistence
![Page 3: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/3.jpg)
3
State of Indiana Grant Programs
• 21st Century Scholarships• Frank O’Bannon Grant Program
Higher Education Award• See award chart at http://www.in.gov/sfa/files/2015-2016_Frank_OBannon_Grid_2_23_15c.pdf
![Page 4: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/4.jpg)
4
Federal Pell Grant and O’Bannon State Aid Data Analyses
![Page 5: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/5.jpg)
Federal Pell Grant and O’Bannon Recipients
5
Fall 2007
Fall 2008
Fall 2009
Fall 2010
Fall 2011
Fall 2012
Fall 2013
Fall 2014
0
400
800
1200
1600
616729
879 9661081 1123
1375 1450
438 400520 521 569 488
30 10 29 29 74 78
Number Received First SemesterIn-State First-Time, Full-Time Beginners
# Beginners Received Pell Grant # Beginners Pell Grant and O'Bannon Only# Beginners Pell Grant, O'Bannon, and Pell Pledge
![Page 6: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/6.jpg)
Pell Grant First-Time, Full-Time Beginners
2007 2008 2009 2010 2011 2012 201355%
60%
65%
70%
75%
80%
85%
68% 68%
71% 70%71%
69%71%
60%
67%65% 65% 65%
65%
60%
0.6720183486238530.655
0.6692307692307690.6468330134357
0.6133567662565910.633333333333333
0.8
0.620689655172414
0.793103448275862
0.675675675675676
One-Year Retention Rate IUPUI INIn-State First-Time, Full-Time Beginners
One-Year Retention Overall Beginners No Pell GrantPell Grant Pell Grant and O'Bannon Only Pell Grant, O'Bannon, and Pell Pledge 6
![Page 7: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/7.jpg)
Federal Pell, O’Bannon Only, and No Pell Pledge: Impact of Program Participation on Retention
2009-201350%
55%
60%
65%
70%
75%71% (473)
64% (2789)
One-Year Retention IUPUI IUIn-State First-Time, Full-Time Beginners
Summer Bridge or Peer Mentoring Nonparticipants
7
![Page 8: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/8.jpg)
Federal Pell, O’Bannon Only, and Pell Pledge: Impact of Program Participation on Retention
2009-20130%
20%
40%
60%
80%81% (27)
66% (145)
One-Year Retention IUPUI IUIn-State First-Time, Full-Time Beginners
Summer Bridge or Peer Mentoring Nonparticipants
8
![Page 9: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/9.jpg)
Pell and O’Bannon Recipients Unmet Financial Need and Outcomes
Unmet Financial Need Academic Year Fall 2013 First--Time, Full-time In-State Beginners
N One-Year Retention IUPUI IN
% GPA FY Below 2.00
FY GPA
No Unmet Financial Need (FAFSA on file) 10 80% 0% 3.50$1 to $1000 Unmet Need 10 90% 0% 3.20>$1000 to $2000 Unmet Need 9 89% 22% 2.68>$2000 to $3000 Unmet Need 46 74% 15% 2.77>$3000 to $4000 Unmet Need 30 83% 20% 2.89>$4000 to $5000 Unmet Need 48 69% 13% 2.76>$5000 to $6000 Unmet Need 53 75% 25% 2.57>$6000 to $7000 Unmet Need 57 67% 21% 2.61>$7000 to $8000 Unmet Need 62 73% 16% 2.66>$8000 to $9000 Unmet Need 44 61% 34% 2.36>$9000 to $10,000 Unmet Need 43 56% 28% 2.27>$10,000 Unmet Need 157 37% 50% 1.86Total 569 61% 28% 2.43
9
![Page 10: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/10.jpg)
Decision Tree Analysis to Identify Unmet Need Cut-Off $8,536 (based on 2009-2013 Combined Years)
10
![Page 11: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/11.jpg)
11
Federal Pell, O’Bannon Only, and No Pell Pledge FY Unmet Financial Need >=8,536
2009 2010 2011 2012 2013 20140
50
100
150
200
250
300
140 128
217
278
218
178
Number of StudentsFirst-Time, Full-Time In-State Beginners
![Page 12: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/12.jpg)
Federal Pell, O’Bannon Only, and No Pell Pledge FY Unmet Financial Need >=8,536
2009 2010 2011 2012 20130%
10%
20%
30%
40%
50%
60%53%
45%
53% 54%
43%
One-Year Retention IUPUI INFirst-Time, Full-Time In-State Beginners
12
![Page 13: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/13.jpg)
13
Students Highest Risk: Federal Pell Recipients, O’Bannon and High Levels of Unmet Financial Need
In Fall 2013 there were 244 FT, FT Resident Beginners Receiving Pell Grants and O’Bannon Only with Levels of Unmet Need Greater than
$8,000 One-Year Retention was 45%
![Page 14: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/14.jpg)
What Are The Outcomes For Students Who Just Miss Pell Eligibility? Fall 2013 FT, FT Resident Beginners
Annual EFC N Retained 1 Year Any IU Campus
Retained 1 Year IUINA Campus
Year 1 Cum GPA at Census
Cum GPA one year below 2.0
No FAFSA on File210 75% 68% 2.83 17%
Qualify for Federal Pell Grant
1402 65% 60% 2.44 28%EFC $1 to $999 over Pell Limit
94 70% 69% 2.80 19%EFC $1000 to $1999 Over Pell Limit 82 74% 73% 2.84 16%
EFC $2000 to $2999 Over Pell Limit 83 82% 77% 3.00 11%
EFC $3000 to $3999 Over Pell Limit 60 70% 65% 2.74 19%
EFC $4000 to $4999 Over Pell Limit 69 78% 71% 2.86 18%
EFC $5000 or more Over Pell Limit 1067 77% 72% 2.91 15%
Total 3067 71% 66% 2.68 21%
14
![Page 15: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/15.jpg)
15
Data-Supported Conclusions
• Students receiving Pell and O’Bannon may benefit from institutional aid plus programming
• Low income students (with low EFCs) but ineligible for Pell are not as high risk as Pell recipients
• Federal Pell recipients with O’Bannon and high levels of unmet financial need seem highest risk for attrition
• Federal Pell recipients with O’Bannon and unmet financial need levels above $8,000 may be a group to consider for institutional aid.
• Implementing an institutional grant that targets this cross-section of Federal Pell Grant and Indiana State O’Bannon Grant recipients (who are not currently linked to IUPUI retention programming) would create a win-win scenario for all.
![Page 16: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/16.jpg)
16
Need-Based Aid Expansion at IUPUI
IUPUI Pell Pledge Grant Expansion
![Page 17: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/17.jpg)
17
In the Works
Expand IUPUI Pell Pledge value to $2,000 maximum for all recipients in 2015-16
This award value increase matches IUPUI 21st Century Scholar Grant
Have identified 250 (estimated) new Pell-eligible freshman who do not receive state grants to receive the up to $2000 award
Will utilize one-time School of Science funding and other funding sources currently committed to Pell Pledge over the next 3 years for renewal awards
Would like this group to be purposefully linked to support programming
Currently exploring with University College this population being targeted for coaching
![Page 18: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/18.jpg)
18
IUPUI Pell Pledge Grant Expansion With $300K School of Science Funding
IUPUI Pell Pledge Expansion Grant ($1,000)
15-16 AYDollars (students)
16-17 AYDollars (students)
20% growth80% retention
17-18 AYDollars (students)
22% growth83% retention
18-19 AYDollars (students)
24% growth86% retention
Freshman $140,000 (150) $180,000 (180) $220,000 (220) $273,000 (273)
Sophomore $80,000 (75) $120,000 (120) $150,000 (150) $189,000 (189)
Junior $70,000 (65) $64,000 (64) $100,000 (100) $129,000 (129)
Senior $10,000 (10) $52,000 (52) $53,000 (53) $86,000 (86)
Total $300,000 (300)$150,000 –
institutional funding
$150,000 – cash funding from
Science
$416,000 (416)$300,000 –
institutional funding$116,000 – cash
funding from Science
$523,000 (523)$470,000 –
institutional funding
$34,000 – cash funding from
Science$19,000 – cash
from financial aid
$677,000 (677)Institutional funding only
![Page 19: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/19.jpg)
19
Need-Based Aid Expansion at IUPUI
Shovel-ReadyProposal Number 1: The IUPUI O’Bannon
Pledge Grant
![Page 20: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/20.jpg)
20
Additional $500K (approximate)Annual Base Proposal for New Grants
• Add a new institutional grant (up to $2,000 maximum) that targets students who receive both Pell and O’Bannon called the “IUPUI O’Bannon Pledge Grant”
• This new award equals other institutional grant values and allows the university to link another at-risk population to critical retention programming
![Page 21: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/21.jpg)
21
IUPUI O’Bannon-Pell Grant ($2000)
15-16 AYDollars (students)
16-17 AYDollars (students)
17-18 AYDollars (students)
18-19 AYDollars (students)
2016 Cohort $480,000 (240)
$408,000 (204)
$346,000 (173)
$294,000 (147)
2017 Cohort $528,000 (264)
$448,000 (224)
$380,000 (190)
2018 Cohort $580,000 (290)
$492,000 (246)
2019 Cohort $638,000 (319)
Total $480,000 (240)
$936,000 (468)
$1,374,000 (687)
$1, 804,000 (902)
* Based on 10% annual increase in cohort size and 85% retention rate
IUPUI O’Bannon-Pell Grant Estimated Expenditures With New $480K Annual Commitment*
![Page 22: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/22.jpg)
22
Need-Based Aid Expansion at IUPUI
Shovel-ReadyProposal Number 2:
Double the IUPUI O’Bannon
Pledge Grant
![Page 23: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/23.jpg)
23
Additional $1 million Annual Need-Based Aid Proposal ($4 million in 4 years)
Double the number of candidates for the “IUPUI O’Bannon Pledge Grant”
Limit awarding by identifying most at-risk group OR highest achieving group (dependent on priorities)
Provide access to programming that aligns with ICHE grant awarded to IUPUI
Consider lowering GPA renewal criteria to improve persistence
![Page 24: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/24.jpg)
24
IUPUI O’Bannon Pledge Grant ($2,000)
15-16 AYDollars (students)
16-17 AYDollars (students)20% frosh growth
80% annual retention
17-18 AYDollars (students)16% frosh growth
80% annual retention
18-19 AYDollars (students)
12.5% frosh growth80% annual
retention
Freshman $1,000,000 (500)
$1,200,000 (600)
$ 1,400,000 (700)
$1,600,000 (800)
Sophomore $0 $800,000 (400)
$960,000 (480)
$1,120,000 (560)
Junior $0 $0 $640,000 (320)
$768,000 (384)
Senior $0 $0 $0 $512,000 (256)
Total $1,000,000 (500)
$2,000,000 (1000)
$3,000,000 (1500)
$4,000,000 (2000)
IUPUI O’Bannon Pledge Grant Proposal with new $1 million dollar commitment
![Page 25: INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ee05503460f94bf0f31/html5/thumbnails/25.jpg)
25
Discussion