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Explore college access, enrollment trends, state appropriations, tuition costs, financial aid impact, and institutional strategies to promote affordability. Learn about federal grants, state aid, net price calculations, and UT System initiatives.
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A Framework to Understand College Access and Affordability at the National, State and Institutional Levels TAIR Conference 2008, Galveston Trish Norman, University of Texas System Roy Mathew, University of Texas at El Paso
Overview • College Access • Enrollment • State Appropriations • Tuition and Fees • Financial Aid and Net Price • Institutional Initiatives
College Access Most agree • broad access to higher education is a worthy goal. • to remain globally competitive, more Americans must be educated • Lifelong learning is becoming an integral part of higher education Source: Thinking Outside the Box
College Access - Beginnings • Higher Education Act of 1965 – Access to Higher Education became a primary theme of federal policy • Focus to serve all students • Federal BEOG Grants – primary tool for providing access to low income students Source: Thinking Outside the Box
College Access – Today Shared Responsibility • Nationally • Federal (Pell) Grants • Subsidized Loans • State Grants • Need vs. Merit based • Institutional Initiatives • Tuition Guarantees and Set Asides • Flat Rate Tuition
Enrollment Growth Source: Digest of Higher Education Statistics, NCES
State Appropriations In the past, some “states used low tuition as a primary tool for assuring access” However, with more students attending college, “Higher Education has became more costly as share of the available public resources.” Source: Thinking Outside the Box
State Appropriations Sources: Grapevine (Illinois State University); The College Board (Trends in College Pricing)
State Appropriations State Appropriations have not kept up with enrollment growth and hit a 25-year low of $5,825 per FTE student in FY05. Source: Tuition at Public Colleges and Universities: Policy Trends and Projections
Tuition & Fees, Nationally Source: Trends in College Pricing 2006
Tuition & Fees by Region Source: Trends in College Pricing 2006
Revenues per FTE Student Source: State Higher Education Executive Officers (SHEEO)
UT System – Revenue Trends Source: UT System
Financial Aid (Federal) Reauthorization of the Higher Education Act (1992) • Expanded eligibility for financial aid • Raised loan limits • Introduced • Unsubsidized Loans • Tax Credits
Financial Aid (Federal) Source: Trends in College Pricing 2006
Financial Aid (Federal) Source: Trends in College Pricing 2006
Financial Aid (Texas) Source: IPEDS
Financial Aid (UT System) Source: UT System Institutions
Net Price An estimate of how much students and their families actually pay for college: Net Price = published price minus average financial aid and tax benefits
Understanding Net Price Net Price (of Tuition & Fees) (example of an individual student paying the average T&F, receiving the average Pell Grant and subsidized loan) Tuition & Fees $ 5,836 Pell Grants - 2,354 Subsidized Loan - 3,074 ----------- Net Price $ 408 % Discount 93%
Understanding Net Price Net Price (of Total Price of Attendance) (example of an individual student paying the average Total Price of Attendance and receiving the average Pell Grant and subsidized loan) Tuition & Fees $15,937 Pell Grants - 2,354 Subsidized Loan - 3,074 ----------- Net Price $10,509 % Discount 34%
Net Price The Condition of Education, 2007
Net Price by Income The Condition of Education, 2007
UT System Initiatives • Tuition Set Asides • Flat Rate Tuition • Tuition Rebates • Discounted Tuition for off-peak hours • Guaranteed Tuition Rates
UT System – Need-Based Grant Aid Source: U.T. System Institutions
UT System – Net Price Source: U.T. System Institutions
Summary • College enrollment increasing • State appropriations not keeping up • Increase in Tuition & Fees to offset funding • Financial Aid supplementing cost at varying levels of need • UT System efforts to ensure Access and Affordability
Sources • Blanco, C., Jones, D, Longanecker, D. and Michelau, D. Thinking Outside the Box: Policy Strategies for Readiness, Access and Success. Western Interstate Commission for Higher Education, March 2007. • Digest of Higher Education Statistics: 2006. NCES, U.S. Department of Education. • The Condition of Education 2007.Total and Net Access Price of Attending a Postsecondary Institution. NCES, U.S. Department of Education, 2007. • Tuition at Public Colleges and Universities: Policy Trends and Projections. American Association of State Colleges and Universities, June 2006. • Trends in College Pricing 2006 and Trends in Student Aid 2006. CollegeBoard, 2006. • State Higher Education Executive Officers (SHEEO). State Higher Education Finance Data & Figures (SHEF) FY 2006. • Integrated Postsecondary Education System (IPEDS). NCES, U.S. Department of Education.