AL HERMSEN, DIRECTOROFFICE OF STUDENT

FINANCIAL AIDWAYNE STATE UNIVERSITY

EFFECTIVE DATA ANALYSIS AND PRESENTATION

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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Funding needs

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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

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

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

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

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

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

Comparison to other schools

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Packaging Survey

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

SOURCE: The College Board, Trends in College Pricing 2010, Figure 1.

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 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.

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.

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.

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

SOURCE: The College Board, Trends in Student Aid 2010, Figure 2A.

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.

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.

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.

“Trends” web-site

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trends.collegeboard.org

Longitudinal Reports

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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

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

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

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

Al HermsenSenior Director Office of Financial AidWayne State Universityahermsen@wayne.edu313 577-3533

QUESTIONS?