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Undergraduates in Minnesota: Who are they and how do they finance their education?

Undergraduates in Minnesota: Who are they and how do they finance their education?. Tricia Grimes Shefali Mehta Minnesota Office of Higher Education November 2005. Policy Questions. What are the characteristics of Minnesota’s undergraduate student population?

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Undergraduates in Minnesota: Who are they and how do they finance their education?

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  1. Undergraduates in Minnesota: Who are they and how do they finance their education? Tricia GrimesShefali MehtaMinnesota Office of Higher EducationNovember 2005

  2. Policy Questions • What are the characteristics of Minnesota’s undergraduate student population? • What is the financial situation facing Minnesota’s undergraduates? • Price of attendance after grants • Annual and cumulative borrowing • Types of loans borrowed • How do these characteristics differ across sectors? Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  3. Source of Data • National Postsecondary Student Aid Study (NPSAS) for 2003-2004 • Data was retrieved using the National Center for Education Statistics (NCES) online Data Analysis System (DAS) at: http://www.nces.ed.gov/dasol Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

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

  5. Minnesota: Enrollment by Institutional Sector Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  6. 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. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  7. Minnesota: Age by Institutional Sector The public 2-year sector has an older population. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  8. 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. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  9. Minnesota: Hours Employed per Week Only 17% of Minnesota’s undergraduates report that they do not work. Students at public 2-year institutions work the most hours each week. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  10. Minnesota: Students with Children by Sector About 1 out of 5 undergraduates has children. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  11. 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. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  12. Minnesota: Parents’ Place of Birth Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  13. U.S. and Minnesota: Racial and Ethnic Demographics Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  14. Minnesota: Racial and Ethnic Demographics by Sector Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

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

  16. Minnesota Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  17. Minnesota: Public Four-Year Institutions Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  18. Minnesota: Public Two-Year Institutions Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  19. Minnesota: Private Not-for-Profit Four-Year Instit. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  20. Annual Borrowing Average Annual Borrowing by Undergraduates

  21. Minnesota: Public 4-Year Sector Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  22. Minnesota: Private Not-For-Profit 4-Year Sector Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  23. U.S. and Minnesota: Type of Loans Borrowed Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  24. Minnesota: Borrowing in 2000 Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  25. Minnesota: Borrowing in 2004 Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  26. Minnesota: Types of Loans Borrowed by Sector Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  27. Minnesota: Private Loans Borrowed by Sector About 20% of undergraduates in the private not-for-profit 4-year sector borrow private loans. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  28. Minnesota: State Loans Borrowed by Sector 25% of undergraduates in the public 4-year sector borrow state loans. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  29. Cumulative Borrowing Cumulative Borrowing by Graduating Seniors

  30. National Data More than half of the students in the highest income category borrow. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  31. Minnesota The majority graduate with an average of $20,000 in loans. Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  32. Summary

  33. 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 Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  34. 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 Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  35. Retrieving NPSAS Data • Data can be retrieved from the website: http://www.nces.ed.gov/dasol • For tutorials and technical assistance: http://nces.ed.gov/dasol/help/ • For help with tables: http://www.nces.ed.gov/dasol/help/tables.asp Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  36. Large Table with Socioeconomic Characteristics Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

  37. Further Information If you have questions or comments, please contact • Tricia Grimes (Tricia.Grimes@state.mn.us) OR • Shefali Mehta (Shefali.Mehta@state.mn.us) Minnesota Office of Higher Education, Data Source: NCES NPSAS, 2003-2004

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