FY08

FY08
CU-Boulder financial aid, degree-seeking undergraduates, FY07-08 final
Page 1
Financial aid: Degree-seeking undergraduates, FY07-08 final
CU-Boulder Planning, Budget, and Analysis – March 2009
Contents of the text
•
Highlights for Colorado residents
•
Highlights for Non-residents
•
Guide to tables, methods, input parameters, and anomalies/changes in this fiscal year.
•
Tables: Data source, population, description of the columns and of the rows
•
Categories of aid shown in the tables; categories of unmet need
•
Input parameters and reference figures
•
Changes and anomalies this fiscal year
Highlights for COLORADO RESIDENTS
The 16,591 resident degree-seeking undergraduates enrolled fall 2007 had $97 million in
demonstrated financial need and received $45 million in grant aid in fiscal year 2008.
42% of the grant aid went to the very neediest students, the 12% eligible for federal Pell grants. At
CU-Boulder, our financial aid policies target low-income families as determined by the Free
Application for Federal Student Aid (FAFSA). The 2,033 Pell-eligible students averaged
•
$21.5K cost of attendance
•
$ 1.2K expected family contribution
•
$20.3K calculated financial need
•
$ 9.3K gift or grant aid and
•
$ 3.6K student loans.
The Pell-eligible students averaged $10,112 in demonstrated financial need after all grant aid. Had
they accepted all work-study and loans offered, the unmet need would be zero. Not all did accept
work and loans: 32% earned an average of $2,755 per year in work-study, 65% took an average (for
the year) of $5,457 in student loans, and 12% had parent loans averaging $6,347. The unmet
financial need over all students, after grant, accepted work, and all accepted loans, was $5,881.
Students may handle unmet financial need by spending less than the “cost of attendance” estimate
used in packaging, taking out alternative loans and credit-card debt, or receiving more funds from
family than the expected contribution.
PBA: l:\ir\emgt\FA\UG_FinancialAid_FYxx.doc LMcC -- [email protected] -- 4/13/2009 – Posted at http://www.colorado.edu/pba/adm/
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CU-Boulder financial aid, degree-seeking undergraduates, FY07-08 final
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Grants based strictly on financial need went to 94% of Pell-eligible students, to 29% of other
dependent students with expected family contributions up to double the Pell cutoff, to none of
dependent students with EFC’s more than double the Pell cutoff, and to 68% of independent
students who submitted FAFSA’s. The average total grant aid amounts for these four groups (from
all sources, need-based and not) averaged, respectively, $9,254, $3,330, $1,887, and $7,147
(independent students).
46% of resident undergraduates – 7,670 students – did not submit FAFSA’s, thereby passing up the
opportunity to apply for financial aid based on financial need. An additional 14% submitted FAFSA’s
but had no demonstrated financial need. Thus, 60% had no demonstrated need.
Oddity for FY07-08: 96% of all resident undergraduates, including 94% of those not applying for
need-based aid, received some institutional grant aid. This is due to the AY08 tuition adjustment, an
aid program in place for one year only, in which all undergraduate resident students enrolled for 11
or more credit hours per term received a credit of $200 for the year ($100 per term) listed on bills as
the AY08 Tuition Adjustment (http://www.colorado.edu/pba/budget/tuitionfees/2007-08tuition.html).
The adjustments are counted as institutional grant aid not need-based. The tuition adjustment
totals about $1.4 million for the no-FAFSA students. An additional $2.9 million, for $4.3m total, in
institutional grant aid went to resident undergraduates not submitting FAFSA’s.
Highlights for NON-RESIDENTS
The 7,882 non-resident undergraduates enrolled fall 2007 had $35 million in demonstrated financial
need and received $17 million in grant aid in fiscal year 2008. The 4% of non-residents eligible for
Pell grants received $4m in grants, or 25% of the total. 81% of non-resident undergraduates had no
demonstrated financial need.
1,510 non-residents (19%) received institutional grant aid not necessarily need-based. This includes
the Chancellor's Achievement Scholarship ($15,000 over four years to the top 25% of out-of-state
admitted new freshmen; started in 2005-06; awards $5,000 per year during the freshman and
sophomore years and $2,500 per year during junior and senior years), athletic aid, and various merit
aid from CU-Boulder schools, colleges, and other sources. This aid averaged $7,249 per recipient
for a total of $11 million. These funds do not include the Presidential Scholar $10,000 tuition
discount received by about 230 of the 1,510 students.
PBA: l:\ir\emgt\FA\UG_FinancialAid_FYxx.doc LMcC -- [email protected] -- 4/13/2009 – Posted at http://www.colorado.edu/pba/adm/
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CU-Boulder financial aid, degree-seeking undergraduates, FY07-08 final
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Guide to TABLES, METHODS, input parameters, and anomalies/changes in this fiscal year
The tables show averages and percentages of students and total dollars in millions.
Source: SURDS financial aid file submitted to CCHE (Colorado Commission on Higher Education)
for FY 2007-08, plus PBA fall census frozen population
Population: Degree (and teacher licensure) seeking undergraduates with state reportable hours.
This is the standard population reported on in the press and many postings. 93% of residents
and 96% of non-residents were enrolled at fall ’07 census for 12 or more hours. Separate
breakdowns are shown for
•
All resident undergrads – Table pages 1-2. All highlights are from these pages.
•
Remaining tables in Detail document only
•
Resident undergrads broken down by ethnicity (Asian, Black-Hispanic-Native American,
White-Unknown-Other) and first generation status (first generation students are those for
whom neither parent has a college degree) – Table pages 3-14. Federal policies prohibit
institutions from awarding student aid based on race or ethnicity.
•
Resident undergrads broken down by college – Table pages 15-21 (basic tables) and 2228 (dollar totals)
•
All non-resident undergrads – Table pages repeat the series shown for residents
PBA: l:\ir\emgt\FA\UG_FinancialAid_FYxx.doc LMcC -- [email protected] -- 4/13/2009 – Posted at http://www.colorado.edu/pba/adm/
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CU-Boulder financial aid, degree-seeking undergraduates, FY07-08 final
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Columns on the tables are lettered. Each column represents a subset of students defined by
•
Whether the student submitted a complete and verified FAFSA, Free Application for Federal
Student Aid, with information on family finances. Completion requires submission to CUBoulder of tax forms that verify the information reported on the FAFSA.
•
Yes: Columns a-d
•
No: Columns e, f
•
Starting in FY08, the Office of Financial Aid loaded only complete FAFSA’s to the CUBoulder financial aid system. This reduced the number of “FAFSA submitted but not
verified or completed” (column e) from 875 to 3.
•
Whether the student is dependent financially on the parent, or not. Students who are married,
parents, 24 or older, or veterans are “independent.” Over 90% of independent students have
demonstrated financial need.
•
Dependent: Columns a-c
•
Independent: Column d. Only student/spouse income/assets are counted in the EFC for
this group.
•
The EFC or expected family contribution (for that student, in that year) calculated on the
FAFSA
•
If the EFC is under $4,110 the student is eligible for a federal Pell grant: Column a
•
If the EFC is over $4,110 but less that the student’s expected COA or cost of attendance
(expected tuition, fees, books, room and board, transportation, and personal expenses),
the student has “demonstrated financial need.” If the EFC is greater than the COA, there
is no “demonstrated financial need. “
• The “has need” group was further divided into students whose EFC was $4,110 to
$8,220 (or twice the Pell limit; column b1), and those whose EFC was greater than
$8,220 (column b2)
• Pell, 2 times Pell, and others with any demonstrated need are close to levels 1, 2, and
3, respectively, in State of Colorado financial aid parlance (State level 2 = 150% of
Pell, not 2 x as here).
•
If the EFC is over COA, there is no demonstrated financial need. Column c.
•
The first row of each basic table shows the number of students in the column. The second
row shows what percentage of students are in the column.
PBA: l:\ir\emgt\FA\UG_FinancialAid_FYxx.doc LMcC -- [email protected] -- 4/13/2009 – Posted at http://www.colorado.edu/pba/adm/
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CU-Boulder financial aid, degree-seeking undergraduates, FY07-08 final
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Rows show
y Headcount and percentage of students in the column
y Averages (for the students in the column) for
y COA, cost of attendance (expected tuition, fees, books, room and board, transportation,
and personal expenses). Will vary over students because some attend only one
semester, or part-time, or have higher or lower tuition or housing costs. The COA is an
estimate of expenses required for students in similar conditions. Some students can
manage on less than the COA by putting more people in an apartment, saving on
transportation, etc.
y EFC, expected family contribution (for that student, in that year) calculated on the FAFSA.
The parent and student portions are added together to form the total.
y Demonstrated financial need = COA minus EFC. Missing data, floors, and rounding may
lead to apparent mismatches in totals.
y Total aid
y Then, for each of several categories of aid
y The percentage and number of students in the column receiving that category. For workstudy, “got aid” means “was offered work study, and accepted it, and actually worked and
earned something.” Loan amounts are for loan in the fiscal year shown only, not
cumulative.
y The amount averaged over recipients only, and averaged over all students in the column.
Example: 100 students in a column, 40% got one category of aid which averaged $200
each for those recipients. Thus a total of 40 x $200 = $8000 was spent on the 100
students, or an average of $80 each over all 100 students in the column.
•
Then amount of unmet need
•
Unmet with aid not to be repaid
•
Unmet with grant, work, and student loans
•
Unmet with all including parent loans
•
When average unmet need is substantial, students are staying in school by spending less
than the COA and/or by obtaining alternative or private loans, or money from other
sources not accounted for in the calculation of expected family contribution.
y
Totals in millions of dollars for each aid category and for unmet need – in separate tables
following the detailed set.
PBA: l:\ir\emgt\FA\UG_FinancialAid_FYxx.doc LMcC -- [email protected] -- 4/13/2009 – Posted at http://www.colorado.edu/pba/adm/
PDF page 5
CU-Boulder financial aid, degree-seeking undergraduates, FY07-08 final
Page 6
Categories of aid shown in all tables
y Any grant – All gift aid, grants, scholarships – Money that need not be repaid nor earned with
work
y Need-based grant – The portion of grants awarded strictly on the basis of financial need
y Grants not necessarily need-based – The portion of grants not awarded strictly on the basis of
financial need. Could be based partly on need, partly on other student attributes. Could go to
meet financial need of some students even if awarded entirely on the basis of factors other
than need.
y Work-study. Federal and state. Student must work to earn this aid.
y Student loans. E.g., Stafford, Perkins.
y Parent loans. Loans to parents of dependent students. Parent loans may be used to replace
some of the EFC for the family for the year.
y Need-based institutional grants
y Not-necessarily need-based institutional grants.
Categories of unmet need shown in all tables
•
Unmet with aid not to be repaid
•
Unmet with grants, work, and student loans
•
Unmet with all including parent loans
PBA: l:\ir\emgt\FA\UG_FinancialAid_FYxx.doc LMcC -- [email protected] -- 4/13/2009 – Posted at http://www.colorado.edu/pba/adm/
PDF page 6
CU-Boulder financial aid, degree-seeking undergraduates, FY07-08 final
Page 7
Input parameters and reference figures
•
FY = 2008, point = final
•
Highest EFC eligible for Pell = $4,110
•
Multiplier on actual work-study, to get to estimated FY final = 1.0
•
Cost of attendance (COA) components
•
AY A&S full-time Resident UG tuition only; student share, not including COF = $5,418
•
Required fees = $1,217
•
Books and supplies = $1,698
•
On-campus housing = $9,088
•
Transportation = $1,215
•
Medical and personal = $2,997
•
Total sticker COA for base year. Includes RUG tuition as above, fees, on-campus housing, books and
supplies, transportation, medical, personal. = $21,633. Matches published CU-Boulder Common
Dataset for the FY. http://www.colorado.edu/pba/cds/
•
COA for a student
•
If no FAFSA: Sticker COA plus increment from a tuition multiplier for higher tuition colleges:
Business 1.6, Engineering 1.4
•
If FAFSA, COA for a student is taken from stored calculation by the Office of Financial Aid
•
COA for non-residents with no FAFSA: As for residents: fees, on-campus housing, books and
supplies, transportation, medical, personal. Plus non-resident undergraduate tuition for entering
students in Arts and Sciences ($23,580) plus increment for higher tuition in Business and Engineering
(average $571), minus increment for lower tuition for students entering prior to fall 2007 (average
$966). Net difference from resident A&S tuition, $17,767.
•
About the non-resident tuition guarantee:
http://www.colorado.edu/pba/budget/tuitionfees/guarantee.html
•
About FY08 tuition and aid programs: http://www.colorado.edu/pba/budget/tuitionfees/200708tuition.html
Changes and anomalies this fiscal year
•
Incomplete and unverified FAFSA’s not loaded to the system so not counted. N dropped from 875 in
FY07 to 3 this year.
•
Resident undergraduate FY08 tuition adjustment: $200/year to all resident undergraduates taking 11+
hours; counted as aid. See Resident highlights.
•
Non-resident presidential scholarship booked as tuition discount, not aid, FY08 only. See Nonresident highlights.
PBA job stream: SURDS financial aid Æ view.sas (year) Æ L:\sisdoc\surds\FA\ugfaYY9 dataset Æ
group15 (parameters) Æ temp dataset Æ group17b tables
PBA: l:\ir\emgt\FA\UG_FinancialAid_FYxx.doc LMcC -- [email protected] -- 4/13/2009 – Posted at http://www.colorado.edu/pba/adm/
PDF page 7
File: L:\IR\emgt\FA\UG_FinancialAid_FY08_Res.txt
4/9/2009, 5:38:31PM
Financial aid: Degree-seeking undergraduates, FY07-08
CU-Boulder PBA: l:/ir/emgt/fa/UG_FinancialAid_FYReport.sas
Posted at http://www.colorado.edu/pba/adm/UG_FinancialAid_FY08.pdf
For Res group RESIDENTS
17:06 Thursday, April 9, 2009
1
Column -- Subset based on FAFSA, EFC, Pell, dependent/independent
b1: Dep,
b2: Dep,
a: Dep, Pell Need, EFC up Need, EFC >
eligible
to 2x Pell
2x Pell
c: Dep, EFC
> COA, no
need
d: Indep
e: FAFSA
incomplete
f: No FAFSA
All
Headcount
Percent of students in the column
2,033
12%
911
5%
2,105
12%
2,370
14%
1,499
9%
3
0%
7,670
46%
16,591
100%
COA, cost of attendance, average
21,465
20,776
22,063
21,364
20,675
19,827
21,961
21,646
1,214
6,052
14,543
43,573
3,307
Amount demo'd financial need
20,251
14,724
7,520
0
17,510
0
0
5,826
Aid total including all loans, work
14,503
11,017
10,596
7,552
14,501
585
1,107
6,761
--Percentage of students in column who
Got aid, any grant
Got aid, need-based grant
Got aid, grant not nec need-based
Got aid, work-study
Got aid, student loans
Got aid, parent loans
Got inst grant, need-based
Got inst grant, not necess need-based
Has unmet w aid not to be repaid
Has unmet w grant, work, stu loans
Has unmet w all incl parent loans
100%
94%
100%
32%
65%
12%
96%
99%
99%
94%
89%
99%
29%
99%
20%
76%
28%
94%
99%
99%
87%
67%
100%
0%
100%
6%
73%
34%
88%
99%
90%
63%
42%
98%
0%
98%
1%
57%
26%
1%
98%
0%
0%
0%
96%
68%
95%
13%
83%
0%
87%
88%
94%
75%
75%
94%
0%
94%
0%
2%
0%
0%
94%
0%
0%
0%
97%
19%
96%
7%
38%
11%
36%
96%
37%
31%
27%
--Number
Got aid,
Got aid,
Got aid,
Got aid,
Got aid,
Got aid,
Got inst
Got inst
2,031
1,921
2,028
660
1,326
254
1,950
2,008
905
265
904
178
696
252
855
901
2,098
0
2,098
133
1,533
715
1,849
2,088
2,324
0
2,324
25
1,355
622
12
2,323
1,438
1,021
1,427
197
1,238
0
1,309
1,318
2
0
2
3
0
0
0
2
7,224
0
7,224
0
155
0
0
7,213
16,022
3,207
16,007
1,196
6,303
1,843
5,975
15,853
--Amount averaged over recipients
Aid, year, total grants
Aid, need-based grants
Aid, grants not nec need-based
Aid, work-study
Aid, student loans
Aid, parent loans
Grant, need-based, inst
Grant, not necess need, inst
9,254
4,695
4,825
2,755
5,457
6,347
3,171
1,246
3,330
1,385
2,950
2,737
5,714
10,074
1,509
1,067
1,887
978
856
989
2,461
5,624
12,467
868
646
7,147
4,938
3,825
2,842
8,274
100
1,893
2,485
5,783
12,779
629
925
150
485
857
--Amount averaged over all in column
Aid, total grants
Aid, need-based grants
Aid, grants not nec need-based
Aid, work-study
Aid, student loans
Aid, parent loans
Grant, Need-based, Inst
Grant, Not Necess Need, Inst
9,250
4,437
4,813
894
3,559
793
3,042
1,230
3,330
403
2,927
535
4,366
2,787
1,416
1,056
1,887
0
1,887
157
4,212
4,341
553
918
--Amount of unmet need
Unmet need w aid not to be repaid
Unmet need w grant, work, stu loans
Unmet need w all incl parent loans
10,112
6,596
5,881
10,878
6,833
5,064
5,756
2,978
1,962
EFC, expected family contribution,
from FAFSA, average
who
any grant
need-based grant
grant not nec need-based
work-study
student loans
parent loans
grant, need-based
grant, not necess need-based
16,429
67%
0%
67%
100%
0%
0%
0%
67%
0%
0%
0%
2,662
609
150
0
603
2,782
4,499
1,897
2,724
6,308
11,417
2,022
760
969
0
969
26
3,215
3,272
4
633
7,004
3,363
3,641
373
6,834
0
2,325
535
100
0
100
485
0
0
0
100
807
0
807
0
237
0
0
567
2,700
870
1,831
196
2,396
1,268
731
726
0
0
0
10,180
3,996
3,996
0
0
0
0
0
0
3,486
1,922
1,609
11,706
PDF page 8
Page: 2
File: L:\IR\emgt\FA\UG_FinancialAid_FY08_Res.txt
4/9/2009, 5:38:31PM
Financial aid: Degree-seeking undergraduates, FY07-08
CU-Boulder PBA: l:/ir/emgt/fa/UG_FinancialAid_FYReport.sas
Posted at http://www.colorado.edu/pba/adm/UG_FinancialAid_FY08.pdf
For Res group RESIDENTS
Totals in Millions of $
17:06 Thursday, April 9, 2009
Column -- Subset based on FAFSA, EFC, Pell, dependent/independent
b1: Dep,
b2: Dep,
a: Dep, Pell Need, EFC up Need, EFC >
eligible
to 2x Pell
2x Pell
COA, cost of attendance, average
c: Dep, EFC
> COA, no
need
d: Indep
e: FAFSA
incomplete
0.0
f: No FAFSA
168.4
All
43.6
18.9
46.4
50.6
30.9
2.4
5.5
30.6
102.3
4.8
Amount demo'd financial need
41.1
13.4
15.8
0.0
26.2
0.0
0.0
96.6
Aid total including all loans, work
29.4
10.0
22.3
17.7
21.3
0.0
8.0
108.8
Aid, total grants
Aid, need-based grants
Aid, grants not nec need-based
Aid, work-study
Aid, student loans
Aid, parent loans
Grant, Need-based, Inst
Grant, Not Necess Need, Inst
18.8
9.0
9.7
1.8
7.2
1.6
6.1
2.5
3.0
0.3
2.6
0.4
3.9
2.5
1.2
0.9
3.9
0.0
3.9
0.3
8.8
9.1
1.1
1.9
2.2
0.0
2.2
0.0
7.6
7.7
0.0
1.4
10.4
5.0
5.4
0.5
10.2
0.0
3.4
0.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
6.1
0.0
6.1
0.0
1.8
0.0
0.0
4.3
44.7
14.4
30.3
3.2
39.7
21.0
12.1
12.0
Unmet need w aid not to be repaid
Unmet need w grant, work, stu loans
Unmet need w all incl parent loans
20.5
13.4
11.9
9.9
6.2
4.6
12.1
6.2
4.1
0.0
0.0
0.0
15.2
5.9
5.9
0.0
0.0
0.0
0.0
0.0
0.0
57.8
31.8
26.6
EFC, expected family contribution,
from FAFSA, average
2
359.1
145.7
PDF page 9
Page: 3
File: L:\IR\emgt\FA\UG_FinancialAid_FY08_NR.txt
4/9/2009, 5:41:06PM
Financial aid: Degree-seeking undergraduates, FY07-08
CU-Boulder PBA: l:/ir/emgt/fa/UG_FinancialAid_FYReport.sas
Posted at http://www.colorado.edu/pba/adm/UG_FinancialAid_FY08.pdf
For Res group NON-RESIDENTS
17:06 Thursday, April 9, 2009
1
Column -- Subset based on FAFSA, EFC, Pell, dependent/independent
b1: Dep,
b2: Dep,
a: Dep, Pell Need, EFC up Need, EFC >
eligible
to 2x Pell
2x Pell
Headcount
Percent of students in the column
c: Dep, EFC
> COA, no
need
d: Indep
f: No FAFSA
All
355
4%
148
1%
826
10%
967
12%
92
1%
5,494
69%
7,882
100%
37,749
36,507
38,849
38,616
35,604
38,772
38,636
1,194
6,082
21,463
72,160
3,327
Amount demo'd financial need
36,555
30,425
17,386
0
32,277
0
4,416
Aid total including all loans, work
26,628
23,143
22,414
19,027
23,071
9,247
17,981
98%
94%
96%
18%
77%
33%
91%
38%
99%
92%
83%
74%
3%
74%
14%
83%
47%
62%
32%
99%
88%
57%
35%
0%
35%
3%
83%
51%
2%
27%
93%
77%
39%
28%
0%
28%
0%
42%
29%
0%
23%
0%
0%
0%
88%
68%
88%
10%
78%
0%
76%
41%
96%
86%
86%
17%
0%
17%
0%
1%
0%
0%
15%
0%
0%
0%
26%
5%
26%
1%
21%
11%
6%
19%
17%
15%
10%
COA, cost of attendance, average
EFC, expected family contribution,
from FAFSA, average
--Percentage of students in column who
Got aid, any grant
Got aid, need-based grant
Got aid, grant not nec need-based
Got aid, work-study
Got aid, student loans
Got aid, parent loans
Got inst grant, need-based
Got inst grant, not necess need-based
Has unmet w aid not to be repaid
Has unmet w grant, work, stu loans
Has unmet w all incl parent loans
--Number
Got aid,
Got aid,
Got aid,
Got aid,
Got aid,
Got aid,
Got inst
Got inst
who
any grant
need-based grant
grant not nec need-based
work-study
student loans
parent loans
grant, need-based
grant, not necess need-based
31,781
347
333
341
64
274
117
324
134
110
5
110
20
123
69
92
48
290
0
290
21
686
419
20
226
269
0
269
1
408
277
1
224
81
63
81
9
72
0
70
38
919
0
919
0
75
0
0
840
2,016
401
2,010
115
1,638
882
507
1,510
--Amount averaged over recipients
Aid, year, total grants
Aid, need-based grants
Aid, grants not nec need-based
Aid, work-study
Aid, student loans
Aid, parent loans
Grant, need-based, inst
Grant, not necess need, inst
12,489
3,367
9,604
2,177
9,077
20,090
3,587
13,366
4,428
598
5,890
1,409
9,509
22,512
2,111
7,127
2,713
2,614
6,131
304
6,284
28,132
39
5,189
13,009
3,552
11,692
2,363
12,282
7,437
7,698
1,916
7,838
25,768
1,142
6,761
23,664
3,657
10,192
0
6,827
5,753
3,361
7,984
1,994
8,704
25,503
3,133
7,249
--Amount averaged over all in column
Aid, total grants
Aid, need-based grants
Aid, grants not nec need-based
Aid, work-study
Aid, student loans
Aid, parent loans
Grant, Need-based, Inst
Grant, Not Necess Need, Inst
12,383
3,158
9,225
392
7,006
6,621
3,274
5,045
4,398
20
4,378
190
7,903
10,495
1,313
2,311
2,703
0
2,703
49
6,509
13,071
28
1,850
1,706
0
1,706
0
2,651
8,058
0
1,202
12,726
2,432
10,294
231
9,612
0
2,783
4,210
1,328
0
1,328
0
323
0
0
1,044
2,207
171
2,036
29
1,809
2,854
207
1,389
--Amount of unmet need
Unmet need w aid not to be repaid
Unmet need w grant, work, stu loans
Unmet need w all incl parent loans
23,781
16,851
10,383
25,884
18,540
9,379
15,118
10,377
4,309
0
0
0
19,606
10,651
10,651
0
0
0
3,370
2,319
1,220
7,939
PDF page 10
Page: 2
File: L:\IR\emgt\FA\UG_FinancialAid_FY08_NR.txt
4/9/2009, 5:41:06PM
Financial aid: Degree-seeking undergraduates, FY07-08
CU-Boulder PBA: l:/ir/emgt/fa/UG_FinancialAid_FYReport.sas
Posted at http://www.colorado.edu/pba/adm/UG_FinancialAid_FY08.pdf
For Res group NON-RESIDENTS
Totals in Millions of $
17:06 Thursday, April 9, 2009
Column -- Subset based on FAFSA, EFC, Pell, dependent/independent
b1: Dep,
b2: Dep,
a: Dep, Pell Need, EFC up Need, EFC >
eligible
to 2x Pell
2x Pell
COA, cost of attendance, average
EFC, expected family contribution,
from FAFSA, average
Amount demo'd financial need
2
c: Dep, EFC
> COA, no
need
d: Indep
13.4
5.4
32.0
37.3
3.2
0.4
0.9
17.7
46.1
0.3
f: No FAFSA
213.0
All
304.5
65.4
12.9
4.5
14.3
0.0
2.9
0.0
34.8
Aid total including all loans, work
9.3
3.4
18.4
12.0
2.0
9.0
54.3
Aid, total grants
Aid, need-based grants
Aid, grants not nec need-based
Aid, work-study
Aid, student loans
Aid, parent loans
Grant, Need-based, Inst
Grant, Not Necess Need, Inst
4.3
1.1
3.2
0.1
2.4
2.3
1.1
1.7
0.6
0.0
0.6
0.0
1.1
1.5
0.1
0.3
2.2
0.0
2.2
0.0
5.3
10.7
0.0
1.5
1.6
0.0
1.6
0.0
2.5
7.7
0.0
1.1
1.1
0.2
0.9
0.0
0.8
0.0
0.2
0.3
7.2
0.0
7.2
0.0
1.7
0.0
0.0
5.7
17.3
1.3
16.0
0.2
14.2
22.4
1.6
10.9
Unmet need w aid not to be repaid
Unmet need w grant, work, stu loans
Unmet need w all incl parent loans
8.4
5.9
3.6
3.8
2.7
1.3
12.4
8.5
3.5
0.0
0.0
0.0
1.8
0.9
0.9
0.0
0.0
0.0
26.5
18.2
9.6
PDF page 11
Page: 3
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