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Annual Update: Spring 2007 Charles E. Daye, Chair

Annual Update: Spring 2007 Charles E. Daye, Chair Committee on Scholarships, Awards, and Student Aid March 23, 2007. Scholarships, Awards, and Student Aid Committee Charge and Composition:

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Annual Update: Spring 2007 Charles E. Daye, Chair

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  1. Annual Update: Spring 2007 Charles E. Daye, Chair Committee on Scholarships, Awards, and Student Aid March 23, 2007

  2. 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.

  3. 2006-2007 Scholarships, Awards, and Student Aid Committee Name and Department Term Faculty/Staff Charles Daye, Chair (Law) 2003-09 Todd Austell (Chemistry) 2001-07 Georgette Dent (Medicine) 2003-09 Jean DeSaix (Biology) 2001-07 Carl Ernst (Religious Studies) 2003-09 Alfred Field (Economics) 2005-08 Stephanie Haas (SILS) 2005-08 Melissa Exum (Student Affairs) Ex officio Steve Farmer (Admissions) Ex officio Shirley Ort (Student Aid) Ex officio Celia Pratt (Aca. Affs. Library) 2004-07 Dennis Williams (Pharmacy) 2004-07 Grad Student: (Not yet appointed) Undergraduate students: Eve Carson 2006-07 Uzma Panjwani 2006-07 Aaron White 2006-07 schol_committee@listserv.unc.edu (email for committee members as a group)

  4. 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

  5. Mission: Equity and Excellence • “Best Value in Public Colleges” – 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)

  6. All Students Receiving Any Aid: 2005-2006 Total: 15,120 Students Receiving Aid

  7. Total Aid Disbursed to All Students, by Source 2005-2006 (In Millions) State: $16.9 (8%) Federal: $115.4 (55%) Institutional & Private: $77.8 (37%) Total: $210.1 (In Millions)

  8. All Undergraduate Students: 2005-2006 Aided Non-Needy Students 4,550 (27%) Aided Needy Students 5,458 (33%) Non-Aided Students 6,756 (40%) Total: 16,764 Undergraduate Students

  9. Aided Undergraduate Students, 2005-2006 • Enrolled undergraduates receiving any aid: 60.0% Average parental income (all aided dependent students) $76,760 • Average for aided resident students $72,065 • Average for aided non-residents $99,200 Enrolled undergraduates receiving need-based aid: 33.0% • Average parental income, recipients withneed $53,753 • Average parental income, Covenant Scholars $22,730 • (Average family size was 4 throughout)

  10. Trends in Percentage of Needy Undergraduate Students at UNC-Chapel Hill

  11. Trends in Type of Aid Distributed to Needy Undergraduate Students

  12. Typical Financial Aid Package for Aid-Eligible Undergraduates Applying by March 1st 2005-2006 Loans (33%) Grants & Scholarships (65%) Work-Study (2%)

  13. Average Cumulative Loan Indebtedness For Graduating Seniors who Borrowed

  14. Ten Year Comparison of Scholarship and Financial Aid (Need and Non-Need-Based) Awards All Students (Undergraduate, Graduate/Professional) *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 27,2007).

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