Trends in Higher Education Pricing & Student Aid October 11, 2011

Al Hermsen Sr. Director – Student Financial Aid Wayne State University Paul Schroeder Sr. Educational Manager College Board Midwestern Regional Office

Agenda

• Interactive conversation • Walkthrough of “Trends” web-site • Goal: Familiarize you with web-site/useful tool • Why use “Trends” information?

• Tour “Trends in College Pricing” web-site • Prices – Published, variation, net • Institutional finances • Enrollment and income

Agenda (page 2)

• Tour “Trends in Student Aid” • Types of Student Aid • Sources of Grand Aid • Distribution of Student Aid • Student Borrowing

Average Estimated Undergraduate Budgets, 2010-11 (Enrollment-Weighted)

SOURCE: The College Board,

Trends in College Pricing 2010,

Figure 1.

SOURCE: The College Board,

Trends in College Pricing 2010,

Table 1A.

SOURCE: The College Board,

Trends in College Pricing 2010,

Table 1B.

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

Public Two-Year Colleges 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

.

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

.

Private Nonprofit 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

.

Published Tuition and Fees, Net Tuition and Fees, and Room and Board in Constant 2010 Dollars, Full-Time Undergraduate Students, 1995-96, 2000-01, 2005-06 and 2010-11

Note: Financial aid values for 2010-11 are estimated based on earlier years.

SOURCE: The College Board,

Trends in College Pricing 2010,

Figure 7

.

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

.

Mean and Median State Appropriations for Higher Education per $1,000 in Personal Income, 1989-90 to 2009-10

SOURCE: The College Board,

Trends in College Pricing 2010,

Figure 11A.

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.

Net Tuition Revenue per Full-Time Equivalent (FTE) Student by Carnegie Classification, 2002 –2008 in Constant 2008 Dollars

SOURCE: The College Board,

Trends in College Pricing 2010,

Figure 12B.

Educational Expenditures per Full-Time Equivalent Student by Carnegie Classification, 2002 –2008, Selected Years in Constant 2008 Dollars

SOURCE: The College Board,

Trends in College Pricing 2010,

Figure 13.

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.

Median Family Income by Selected Characteristics, 2009

SOURCE: The College Board,

Trends in College Pricing 2010,

Figure 16B.

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.

Undergraduate Student Aid by Source (in Billions), 2009-10

Graduate Student Aid by Source (in Billions), 2009-10

SOURCE: The College Board,

Trends in Student Aid 2010,

Figure 2B.

Grants and Loans as a Percentage of Funds from Total Aid and Nonfederal Loans Undergraduate Students, 1994-95 to 2009-10

SOURCE: The College Board,

Trends in Student Aid 2010,

Figure 8A.

Grants and Loans as a Percentage of Funds from Total Aid and Nonfederal Loans Graduate Students, 1994-95 to 2009-10

SOURCE: The College Board,

Trends in Student Aid 2010,

Figure 8B.

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.

Average Student Debt per Borrower and Average Student Debt per Graduate Private 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 10B.

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.

Average Aid per Graduate FTE, 1994-95 to 2009-10 in Constant 2009 Dollars

SOURCE: The College Board,

Trends in Student Aid 2010,

Figure 11B.

Maximum Pell Grant as a Percentage of Tuition and Fees and Room and Board (TFRB), 1990-91 to 2010-11

• SOURCE: The College Board,

Trends in Student Aid 2010,

Figure 13B.

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.

Percentage Distribution of Pell Grant Recipients by Age, 2008-09

SOURCE: The College Board,

Trends in Student Aid 2010,

Figure 14B.

State Grant Dollars per Full-Time In-State Undergraduate Student and Percentage Receiving State Grants, by Dependency Status and Income, Selected States, 2007-08

SOURCE: The College Board,

Trends in Student Aid 2010,

Figure 16.

“Trends” web-site

For more information, visit: trends.collegeboard.org

Contact Information

Al Hermsen Senior Director – Student Financial Aid Wayne State University [email protected] 313-577-4982 Paul Schroeder Senior Educational Manager College Board [email protected]

847-653-4504