Annual Update: Spring 2008

Charles E. Daye, ChairCommittee on Scholarships, Awards, and Student Aid

March 28, 2008

Scholarships, Awards, and Student Aid Committee

Charge and Composition:

The committee is appointed by the Chancellor. It establishes policy for scholarship and student aid funds, monitors the operations of the Office of Scholarships and Student Aid, and advises the Chancellor on matters regarding scholarships and other forms of student aid.

2007-2008 Scholarships, Awards, and Student Aid Committee

Name and Department TermFaculty/StaffCharles Daye, Chair (Law) 2003-09Todd Austell (Chemistry) 2001-07Georgette Dent (Medicine) 2003-09Jean DeSaix (Biology) 2001-07Carl Ernst (Religious Studies) 2003-09Alfred Field (Economics) 2005-08Stephanie Haas (SILS) 2005-08Melissa Exum (Student Affairs) Ex officioSteve Farmer (Admissions) Ex officioShirley Ort (Student Aid) Ex officioKathy Moore (Nursing) 2007-10Dennis Williams (Pharmacy) 2004-07

Grad Student: (Not yet appointed)Undergraduate students:Matthew Burton 2007-08James Middleton 2007-08

schol_committee@listserv.unc.edu (email for committee members as a group)

Mission of the Office of Scholarships and Student Aid- UNC

Support the instructional mission of the university by:

removing financial barriers for students recognizing and rewarding outstanding academic achievement through merit scholarships

Support both Equity and Excellence

Mission: Equity and Excellence

“Best Value in Public Colleges” – 7th year in a row Kiplinger’s

Their measures of excellence: value for price

“higher academic standards”

“stellar academics”

“low to moderate costs”

“generous financial aid”

Carolina Covenant

Improved graduation rates

Policy integration is key (tuition, student aid)

All Students Receiving Any Aid: 2006-2007

Graduate/ Professional

Students5,054 (33%) Undergraduate

Students10,273(67%)

Total: 15,327 Students Receiving Aid

Total Aid Disbursed to All Students, by Source 2006-2007 (In Millions)

Total: $219.0 (In Millions)

State: $19.5 (9%)

Federal: $116.4 (53%)Institutional &

Private: $83.1 (38%)

All Undergraduate Students: 2006-2007

Total: 17,124 Undergraduate Students

Aided Needy Students 5,644 (33%)

Non-Aided Students 6,851

(40%)

Aided Non-Needy Students

4,629 (27%)

Aided Undergraduate Students, 2006-2007

Enrolled undergraduates receiving any aid: 60%

Average parental income (all aided dependent students) $78,955

Average for aided resident students $74,499

Average for aided non-residents $100,439

Enrolled undergraduates receiving need-based aid: 33%

Average parental income, recipients with need $54,903

Average parental income, Covenant Scholars $24,430

(Average family size was 4 throughout)

Aided Undergraduate Students, 2006-2007

Enrolled undergraduates receiving any aid: 60%

Median parental income (all aided dependent students) $68,020

Median for aided resident students $64,884

Median for aided non-residents $86,466

Enrolled undergraduates receiving need-based aid: 33%

Median parental income, recipients with need $50,283

Median parental income, Covenant Scholars $22,113

(Average family size was 4 throughout)

Trends in Percentage of Needy Undergraduate

Students at UNC-Chapel Hill

Year

Need Based Aid Recipients

n %

2001-02 4,543 29%

2002-03 4,911 31%

2003-04 5,301 33%

2004-05 5,563 34%

2005-06 5,458 33%

2006-07 5,644 33%

Trends in Type of Aid Distributed to Needy

Undergraduate StudentsYear

Grants & Scholarships Loans Work-Study

2001-02 63% 34% 3%

2002-03 63% 35% 2%

2003-04 62% 35% 3%

2004-05 63% 35% 2%

2005-06 64% 34% 2%

2006-07 68% 30% 2%

Typical Financial Aid Package for Aid-Eligible Undergraduates Applying by March 1st

2006-2007

Loans (33%)

Work-Study

(2%)

Grants & Scholarships

(65%)

Average Cumulative Loan Indebtedness

For Graduating Seniors who BorrowedAcademic

YearDollar

Amount

2000-01 $11,156

2001-02 $12,314

2003-04 $13,579

2004-05 $13,801

2005-06 $14,487

2006-07 $14,912

Ten Year Comparison of Scholarship and Financial Aid (Need and Non-Need-Based) Awards All Students (Undergraduate, Graduate/Professional)

1997-1998 2006-2007*

Total Aid Awarded (in millions) $98.4 $218.9

Number of Students 11,001 15,327

Average Award $8,942 $14,289

Funds by Source

Federal 61% 53%

State 5 9

Institutional/Private 34 38

Funds by Type

Scholarships/Grants 38% 43%

Work-Study 1 1

Loans 61 56*Please note that graduate assistantships, fellowships, tuition remissions, athletic grants-in-aid, Morehead Awards, ROTC Scholarships, and Educational Benefits, where known, are calculated only into data sets beginning 1997-1998. Patterns change as data quality improves.

Source: Office of Scholarships and Student Aid/Office of Institutional Research (February 21,2008).