1 / 10

Financial Aid Review 2012-13 Tuition Review Advisory Committee

Financial Aid Review 2012-13 Tuition Review Advisory Committee. Financial Aid Review 2012-13 Tuition Review Advisory Committee August 30, 2012. Continued growth in demand for financial aid. Federal Grant funding changes 12 semester limit for Pell Grant recipients.

myles-barrett
Download Presentation

Financial Aid Review 2012-13 Tuition Review Advisory Committee

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Aid Review2012-13 Tuition Review Advisory Committee

  2. Financial Aid Review2012-13 Tuition Review Advisory Committee August 30, 2012 • Continued growth in demand for financial aid. • Federal Grant funding changes • 12 semester limit for Pell Grant recipients. • Loss of interest subsidy for graduate students. • Loss of interest subsidy for undergraduate students during the grace period. • Cost of Attendance increases.

  3. Enrolled Undergraduate Financial Aid Applicants

  4. Enrolled Undergraduate Financial Aid Applicants with Need

  5. Enrolled Graduate Financial Aid Applicants

  6. Enrolled Graduate Financial Aid Applicants with Need

  7. Federal Pell Grant Funding Awarded to NC State Undergraduates Year Number of Recipients Dollars Awarded 2004-05 3,842 $10,186,571 2005-06 3,641 $ 9,617,645 2006-07 3,814 $10,233,570 2007-08 4,095 $11,357,274 2008-09 4,074 $13,184,243 2009-10 5,180 $19,810,152* 2010-11 6,215 $23,538,895** 2011-12 6,039 $23,297,762 2012-13 as of 8/22/12 4,682 $21,088,737 *an additional $1,453,358 in Pell funds disbursed for summer 2010 **an additional $2,191,043 in Pell funds disbursed for summer 2011

  8. NC State Graduating Senior Aggregate Loan Debt

  9. Considerations for 2012-13 • Federal Pell Grant funding continues to be in jeopardy; the interest subsidy during the grace period has been eliminated to prop up the program and a limitation of eligibility has been imposed. Additional cuts are expected as the program is not sustainable in it’s current form. • Graduate and DVM students have lost the in-school interest subsidy on Federal Direct Loans effective July 1, 2012. • Rising costs in non-tuition categories, particularly health insurance, continue to increase overall financial need. • Recent state grant increase to reinstate awards that were cut in 2011-12.

  10. Financial Aid Review2012-13 Tuition Review Advisory Committee

More Related