1 / 41

What is financial aid?

What is financial aid?. 2012 Financial Aid Awards Paid by Type. 2012 Loans by Source. How much debt do college students accumulate?. What did student tuition and graduate debt look like at public and private nonprofit colleges/universities in 2010. University of North Florida

pearl
Download Presentation

What is financial aid?

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. What is financial aid?

  2. 2012 Financial Aid Awards Paid by Type

  3. 2012 Loans by Source

  4. How much debt do college students accumulate?

  5. What did student tuition and graduate debt look like at public and private nonprofit colleges/universities in 2010 University of North Florida Average debt $15,300 Tuition and fees $4,193 http://www.nytimes.com/interactive/2012/05/13/business/student-debt-at-colleges-and-universities.html?ref=business

  6. What do you think the national average student debt was for baccalaureate graduates from public institutions in 2008? • A. $15,500 • B. $20,200 • C. $33,300

  7. Average student debt by type of institution –2004 and 2008

  8. What percentage of baccalaureate graduates from public institutions graduated with student loan debt in 2008? • A. 43% • B. 62% • C. 85%

  9. Percent of graduating seniors with student loan debt: 2008

  10. What percentage of UNF students graduated with debt in 2010-2011? • A. 39% of UNF undergraduates • B. 53% of UNF undergraduates • C. 60% of UNF undergraduates

  11. Percent of graduating seniors within the SUS with student loan debt: 2010-2011

  12. Average amount of debt for 2010-11 bachelor's degree graduates

  13. Average amount of debt for 2010-11 bachelor's degree graduates

  14. How many students graduate with $100,000 or more in student loans

  15. Cohort Default Rate The percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loans and/or William D. Ford Federal Direct Loans during that fiscal year and default (or meet the other specified condition) within the cohort default period. # of borrowers in the numerator who defaulted or met the other conditions during the cohort default period (2 to 3 years after graduation) _______________________________________________________ # of borrowers who entered repayment in the cohort fiscal year Cohort Default Rate=

  16. Sanctions for schools with high official cohort default rates

  17. What was UNF’s 2-year cohort default rate in 2009? • A. 5.6% • B. 6.4% • C. 9.2%

  18. Student loan 2nd year cohort default rate:Jacksonville institutions

  19. Student loan 2nd year cohort default rateSUS and national figures

  20. Is a college degree worth the rising costs of an education?

  21. 4-years of tuition and fees at private, for-profit, and public institutions *Assumes a 4% tuition increase. Books, room and board not included

  22. 4-years of tuition and fees at private, for-profit, and public institutions *Assumes a 4% tuition increase. Books, room and board not included UNF $ 27,301

  23. Average state expenditure and student tuition cost per FTE at public universities current dollars

  24. Average state expenditure and student tuition cost per FTE at public universities constant 2010 dollars

  25. Average per FTE funding across the SUS:2006-07 2011-2012

  26. Per FTE funding across SUS institutions: 2011-2012

  27. What are the benefits

  28. Who worked and how much did they earn in 2011 Unemployment rates Mean weekly income

  29. Unemployment & Underemployment

  30. What do you think the unemployment rate is for young adults with baccalaureate degrees? • A. 9.4% • B. 19.1% • C. 31.1%

  31. Unemployment for young adults 2012

  32. What do you think the underemployment rate is for young adults with baccalaureate degrees? • A. 15% • B. 19.1% • C. 29.4%

  33. Unemployment and underemployment for young adults 2012

  34. Wages earned

  35. Annual salaries for groups based on educational levelcalculated in 2010 dollars Average annual salaries for men Average annual salaries for women

  36. Salary ranges by educational level: 2010

  37. Average entry level salary for bachelor’s degree graduates: 2011 16% of UNF graduates 21% of UNF graduates

  38. Average midcareer salary for bachelor’s degree graduates

  39. Tangible and Intangible Benefits

  40. What are the benefits to the individual to the society higher tax revenues needed professionals college educated individuals are more civically involved college educated individuals are more likely to start businesses college educated individuals contribute more to the arts • higher earning power • lower unemployment • greater self-satisfaction • physically healthier • more stable marriages • children perform better in school • children survive divorce better

More Related