effective data analysis and presentation
DESCRIPTION
EFFECTIVE DATA ANALYSIS AND PRESENTATION. Al Hermsen, Director Office of Student Financial Aid WAYNE STATE UNIVERSITY. WAYNE STATE UNIVERSITY. Large urban public school – Detroit, Michigan 32,000 students 20,000 undergrads and 12,000 grad/professional students - PowerPoint PPT PresentationTRANSCRIPT
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AL HERMSEN, DIRECTOROFFICE OF STUDENT
FINANCIAL AIDWAYNE STATE UNIVERSITY
EFFECTIVE DATA ANALYSIS AND PRESENTATION
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WAYNE STATE UNIVERSITY
Large urban public school – Detroit, Michigan32,000 students 20,000 undergrads and
12,000 grad/professional studentsMedical, Law and Pharmacy schoolsFounded in 186782% of the students receive some form of
financial aid
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Data Analysis Needs
Funding needsMonitor spendingFinal reports with detailsComparisons to other schoolsNational trendsLongitudinal reportsOperating funds
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Funding needs
Analyze your school needsCompare to other schoolsSet goalsExplain goals to budget teamGet commitment
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The equity packaging model for need based aid provides sufficient funding for tuition and fees without loans. Graph before new model:
0 1000 2000 3000 4000 5000 6000 7000 8000 9000$0
$1,000$2,000$3,000$4,000$5,000$6,000$7,000$8,000$9,000
$10,000
PRIOR TO EQUITY: DISTRIBUTION OF NEED BASED GRANTS BY EFC LEVEL
UnmetBOGGSEOGPELLEFC
EXPECTED FAMILY CONTRIBUTION
TUIT
ION
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Equity Packaging Model After New Model was Implemented
0 1000 2000 3000 4000 5000 6000 7000 8000 9000$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
AFTER EQUITY: DISTRIBUTION OF NEED BASED GRANTS BY EFC LEVEL
UNMETBOGG#REF!PELLEFC
EXPECTED FAMILY CONTRIBUTION
TUIT
ION
EFC RANGE 0 1000 2000 3000 4000 5000 6000 7000 8000 9000
# STUDENTS 4281 625 470 392 345 287 345 330 226 63
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Loans to Meet Cost of Attendance
Several types of loans are needed to meet the cost of attendance for students
0 1000 2000 3000 4000 5000 6000 7000 8000 9100$0
$4,000
$8,000
$12,000
$16,000
$20,000
$24,000
Distribution of Aid by EFC LevelAY12-Based on Estimated Tuition Rates of $9100 – Living on Campus
Series9PLUS loanUnsub LoanSub LoanCWSBOGGSEOGPELL
EXPECTED FAMILY CONTRIBUTION
COST
OF
ATTE
ND
ANCE
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Monthly Spending and Projection
Program Budget Buffer Summer Fall Est. F/W Spring Total Est. Balance
Campus-basedHealth Prof.Other FederalDirect LoansTotal FederalState ProgramsInst. Need-basedInst. Merit basedGraduate awards
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WAYNE STATE UNIVERSITY PROGRAMS ADMINISTERED BY THE OFFICE OF FINANCIAL AID (MAIN CAMPUS)
2010-2011MAIN CAMPUS (BY SOURCE OF AID)
All Counts Unduplicated UNDERGRADUATE GRAD TOTAL
# $ # $ # $FEDERAL
Federal Need Based-Campus Based FWS 327 850,331 25 53,843 352 904,174 Perkins Loan 529 1,028,333 176 399,126 705 1,427,459 SEOG 2700 1,248,544 0 - 2700 1,248,544 Total Fed Need - Campus Based 3065 3,127,208 184 452,969 3757 3,580,177
Other Federal Need Based Acad Competitiveness Grant 827 564,087 0 - 827 564,087 Fed Dir Sub Loan 11745 44,442,380 4229 27,610,850 15974 72,053,230 National SMART Grant 355 871,800 0 - 355 871,800 PELL 10957 44,549,053 0 - 10957 44,549,053 Total Other Federal Need Based 14046 90,427,320 4009 27,610,850 18055 118,038,170
Total Federal Need Based 14066 93,554,528 4021 28,063,819 18087 121,618,347
Federal Non-Need Based Fed Dir Unsub Loan 11463 49,753,144 4103 34,210,439 15566 83,963,583 Fed Dir Plus Loan 1218 8,584,129 485 3,782,672 1703 12,366,801 HP Nurse Faculty Loan Program 0 - 31 497,397 31 497,397 National Service Educ. Award 18 62,103 24 87,125 42 149,228 Teach Grant - Undergraduate 32 94,850 45 107,647 77 202,497
10864 58,494,226 3781 38,685,280 14645 97,179,506
TOTAL FEDERAL 15347 152,048,754 4505 66,749,099 19852 218,797,853
STATE State Need-Based Gear Up Mich Award 29 113,584 0 - 29 113,584 MI Adult Part-Time Grant 0 - 0 - 0 - MI Educ Opp Grant 0 - 0 - 0 - MI Work Study 0 - 0 - 0 - Total State Need-Based 29 113,584 0 - 29 113,584
State Non-Need Based Children's Veterans Grant 4 11,200 0 - 4 11,200 Michigan Competitive Schol 1209 661,641 0 - 1209 661,641 MI Dept Education Part B 0 - 1 4,022 1 4,022 Michigan Indian Tuition Grant 53 340,814 26 182,609 79 523,423 Michigan Merit Award 0 - 0 - 0 - Michigan Nursing Scholarship 0 - 0 - 0 - Michigan Promise Scholarship 0 - 0 - 0 - Michigan Tuition Incentive Pgm 120 120,000 0 - 120 120,000 Robert C. Byrd Honors Schol. 30 43,334 0 - 30 43,334 Total State Non-Need Based 1397 1,176,989 27 186,631 1424 1,363,620
TOTAL STATE 1424 1,290,573 27 186,631 1451 1,477,204
INSTITUTIONALINSTITUTIONAL - Need based Board of Gov Grant 7172 12,752,956 1 563 7173 12,753,519 BOG Academic Grant 1715 1,451,602 0 - 1715 1,451,602 Detroit Compact Scholarship 31 128,003 0 - 31 128,003 Full Tuition Grant 18 175,829 0 - 18 175,829 Project 350 131 806,757 0 - 131 806,757 SALNB - New Student Grant 10 18,290 0 - 10 18,290 SALNB - WSU Retention Schp 28 32,721 0 - 28 32,721 Urban Extension Non-tuition 2 417 0 - 2 417 Urban Extension Tuition-only 24 31,566 0 - 24 31,566 WSU BOG Merit Schp 0 - 7 199,885 7 199,885 WSU BOG Unrestricted Grant 23 24,175 0 - 23 24,175 Total Institutionall - Need Based 7567 15,422,316 200,448 7567 15,622,764
INSTITUTIONAL - Non-Need Based Anthony Wayne Scholarship 21 173,919 0 - 21 173,919 Athletic Activity Fees 36 3,100 0 - 36 3,100
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Scholarships / Grants Loans Work StudyNeed Amount Non Need Amount Combined Need Amount Non Need Amount Combined Need Amount
Offered 12,236 $68,671,893 5,592 $23,937,660 15,001 $92,609,552 11,857 $50,392,550 12,685 $81,478,244 14,514 $131,870,794 533 $1,704,649Accepted 12,236 $68,671,893 5,589 $23,934,106 15,001 $92,605,998 11,412 $48,526,752 11,304 $70,136,783 13,364 $118,663,535 509 $1,639,749Declined 22 $70,860 12 $344,965 34 $415,825 1,674 $5,927,217 4,811 $30,646,783 5,152 $36,574,000 69 $189,818Cancelled 982 $1,744,631 553 $2,047,182 1,488 $3,791,813 2,755 $10,778,383 5,614 $30,614,724 6,065 $41,393,106 124 $328,283Paid 11,845 $62,468,356 5,533 $23,377,960 14,597 $85,846,316 11,213 $46,191,281 11,012 $61,998,650 13,103 $108,189,931 327 $795,843
FederalOffered 11,313 $53,108,265 53 $176,953 11,329 $53,285,218 11,857 $50,392,550 12,516 $78,140,998 14,363 $128,533,549 533 $1,704,649Accepted 11,313 $53,108,265 53 $176,953 11,329 $53,285,218 11,412 $48,526,752 11,133 $66,799,538 13,205 $115,326,290 509 $1,639,749Declined 4 $12,525 0 $0 4 $12,525 1,674 $5,927,217 4,806 $30,587,572 5,147 $36,514,788 69 $189,818Cancelled 353 $214,209 2 $2,500 354 $216,709 2,755 $10,778,383 5,579 $30,397,041 6,030 $41,175,423 124 $328,283Paid 10,919 $46,967,296 50 $156,953 10,935 $47,124,249 11,213 $46,191,281 10,845 $58,775,529 12,948 $104,966,810 327 $795,843
StateOffered 30 $119,497 1,400 $1,263,608 1,428 $1,383,105 0 $0Accepted 30 $119,497 1,400 $1,263,608 1,428 $1,383,105 0 $0Declined 0 0 0 $0 0 $0 0 $0Cancelled 0 0 9 $6,200 9 $6,200 0 $0Paid 29 $113,584 1,399 $1,178,408 1,426 $1,291,992 0 $0
InstitutionOffered 7,572 $15,444,131 3,784 $18,301,896 10,457 $33,746,027Accepted 7,572 $15,444,131 3,784 $18,301,896 10,457 $33,746,027Declined 18 $58,335 8 $21,215 26 $79,550Cancelled 813 $1,530,422 447 $1,857,625 1,232 $3,388,047Paid 7,540 $15,387,477 3,758 $17,996,990 10,400 $33,384,466
Endow/AnnualOffered 1,342 $3,196,383 1,342 $3,196,383Accepted 1,339 $3,192,829 1,339 $3,192,829Declined 2 $1,000 2 $1,000Cancelled 49 $79,901 49 $79,901Paid 1,311 $3,090,588 1,311 $3,090,588
PrivateOffered 571 $998,819 571 $998,819 433 $3,337,245 433 $3,337,245Accepted 571 $998,819 571 $998,819 433 $3,337,245 433 $3,337,245Declined 2 $322,750 2 $322,750 14 $59,212 14 $59,212Cancelled 48 $100,955 48 $100,955 42 $217,683 42 $217,683Paid 566 $955,021 566 $955,021 417 $3,223,121 417 $3,223,121
Office of Budget, Planning and Analysis
Financial Aid - Academic Year 1011Total Undergraduate
Report Name: Financial Aid by Level
Report Date: August 01, 2011Time: 2:03:29 PM
Data as of: J uly 31, 2011
All Aid HC Amount Undergraduate Total HC Amount
26,051 $378,825,982 Accepted 17,855 $212,909,282Offered 26,333 $397,121,642 Offered 18,062 $226,184,995Accepted
8,684 $67,495,152 Cancelled 6,896 $45,513,202Declined 7,153 $57,806,801 Declined 5,215 $37,179,642Cancelled
Avg. Paid $11,181Paid 25,532 $355,162,727 Paid 17,426 $194,832,090
1 of 1
* Graduate includes the following codes Graduate(GR), Professional(PR), Medical(MD) and Law(LW). Undergraduate includes the following code Undergraduate(UG)** Fund Type breakdown - Scholarships/Grants includes (SCHL, GRNT & OTHR). Loans includes (LOAN). Work Study includes (WORK).*** Fund Source breakdown - Federal (FDRL), State(STAT), Institution(INST), Endow/Annual((ENDW, DESG, SPON & ANN) & Private(PRIV, TRST, OTHR & OUT)**** - This report includes only enrolled students that received Financial Aid
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Comparison to other schools
College NavigatorCheck other school websitesSurvey of competitor schools
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Packaging Survey
Add a sample of my pkg survey
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Average Estimated Undergraduate Budgets, 2010-11 (Enrollment-Weighted)
SOURCE: The College Board, Trends in College Pricing 2010, Figure 1.
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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
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Public Four-Year Colleges and UniversitiesAverage 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.
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Net Price: Public Two-Year CollegesFull-Time Students by Dependency Status and Family Income,
2007-08
SOURCE: The College Board, Trends in College Pricing 2010, Figure 8B.
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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.
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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.
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Median Family Income by Selected Characteristics, 2009
SOURCE: The College Board, Trends in College Pricing 2010, Figure 16B.
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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.
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Undergraduate Student Aid by Source (in Billions), 2009-10
SOURCE: The College Board, Trends in Student Aid 2010, Figure 2A.
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Average Student Debt per Borrower andAverage Student Debt per Graduate
Public Four-Year Bachelor’s Degree Recipients1999-2000 to 2008-09 (in Constant 2009 dollars)
SOURCE: The College Board, Trends in Student Aid 2010, Figure 10A.
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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.
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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.
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Percentage Distribution of Pell Grant Recipients by Age, 2008-09
SOURCE: The College Board, Trends in Student Aid 2010, Figure 14B.
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“Trends” web-site
For more information, visit:
trends.collegeboard.org
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Longitudinal Reports
Develop your own trends reportsFollow examples from College Board or
others
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Increased Need for Financial Aid
The effect of the economy has lead to a 44% increase in financial aid applications
AY 0607 AY 0708 AY 0809 AY 0910 AY 1011 10 15 20 25 30 35 40 45 50 55
36 K 38 K 41 K
48 K 52 K
INCREASE IN AID APPLICATIONS OVER LAST FIVE YEARS
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Increase in Undergraduate Aid
Financial aid to undergraduates increased 62.5% over the last five years. 84% of undergraduates receive some type of aid.
AY 0607 AY 0708 AY 0809 AY 0910 AY 1011 $50
$70
$90
$110
$130
$150
$170
$190
$210
$120 M $133 M
$149 M
$187 M $195 M
UNDERGRADUATE FINANCIAL AID PAID BY ACADEMIC YEAR
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Increases in Gift AidLarge 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
AY 0607 AY 0708 AY 0809 AY 0910 AY 1011 $10
$20
$30
$40
$50
$60
$70
$26 M $31 M
$34 M
$56 M $63 M
$20 M $23 M $24 M $24 M $23 M
FIVE YEAR DISTRIBUTION OF MERIT AND NEED BASED GRANTS/SCHOLARSHIPS
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OFFICE OF STUDENT FINANCIAL AID2011-12
OPERATING BUDGET REPORTas of 03/04/12
10/01/11-09/30/12 10/01/11-03/04/12 03/05/12-09/30/12 10/01/11-09/30/12 9/30/2012BUDGET YTD EXPENSES EST.EXP. TOT.EST.EXP. BALANCE
Salary AccountAcademic 648,266 244,001 362,798 606,799 41,467
Non-Academic 1,069,939 439,158 617,634 1,056,792 13,148
OT 0 0 0 0 0
PT Non-Academic 22,231 2,810 6,750 9,560 12,671
Salary Account Total $1,740,436 $685,969 $987,182 $1,673,151 $67,285
General ExpensesPostage 24,000 5,210 18,790 24,000 0Printing 7,400 3,320 4,080 7,400 0Telephone 31,700 15,339 21,474 36,813 (5,113)Travel 35,000 14,890 21,918 36,808 (1,808)Computer Software 900 0 900 900 0EquipMaint&Rentals 4,149 1,272 3,090 4,362 (213)Other 65,344 4,491 11,350 15,841 49,503
General Expense Total: $168,493 $44,522 $81,602 $126,124 $42,369
GRAND TOTAL: $1,908,929 $730,491 $1,068,784 $1,799,275 $109,655
*Fringe Benefits are paid directly through Central Accounting DepartmentYTD $182,271.06 Projected $-16,290
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Al HermsenSenior Director Office of Financial AidWayne State [email protected] 577-3533
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QUESTIONS?