State regents meeting june 29 2005
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Student Financial Aid Update 2004-05 Financial Aid Survey. State Regents Meeting June 29, 2005. Affordability Study. Beyond the 49 th Parallel II: The Affordability of University Education (Educational Policy Institute)

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State Regents Meeting June 29, 2005

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State regents meeting june 29 2005

Student Financial Aid Update

2004-05 Financial Aid Survey

State Regents Meeting

June 29, 2005


Affordability study

Affordability Study

  • Beyond the 49th Parallel II: The Affordability of University Education (Educational Policy Institute)

    • Ranks Oklahoma #2 among the states in affordability of 4-year public college education

    • Measures income, cost of living, college costs, financial aid, and tax benefits.

    • “Equalizing force” of federal financial aid


New federal grants for pell grant recipients available fall 2006

New Federal Grantsfor Pell Grant Recipients(available Fall 2006)

  • Academic Competitiveness Grants

  • SMART (Science and Mathematics Access to Retain Talent) Grant


2004 05 annual student financial aid survey state system institutions independent universities

2004-05Annual Student Financial Aid SurveyState System Institutions&Independent Universities


Total student financial aid public private independent

Total Student Financial AidPublic & Private/Independent

Total 2004-05 = $1.1 Billion

Public$895 million

Private/Ind.$241 million


Total student financial aid public private independent1

Total Student Financial AidPublic & Private/Independent

Total 2004-05 = $1.1 Billion

Grants/Schol.$453 million

Loans$618 million

Employment$65 million


Loans pell otag ohlap in millions

Loans, Pell, OTAG, OHLAP(in $ millions)


Federal pell grant awards compared to state college costs tuition fees room board books supplies

Federal Pell Grant AwardsCompared to State College Costs(tuition, fees, room & board, books & supplies)


Of full time dependent undergraduates receiving federal loans by student s family income

% of Full-time Dependent Undergraduates Receiving Federal LoansBy Student’s Family Income

Source: U.S.D.E, Nat. Cntr. for Education Statistics; “Condition of Education 2006”


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