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Institutional Research WWW.UCCS.EDU/IR Financial Aid Summary AID YEAR 2017-2018 FOR FALL 2017 STUDENTS

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Page 1: Financial Aid Summary - ir.uccs.edu · Welcome to our annual report on the distribution of financial aid among UCCS students. The report is intended to satisfy the need for greater

Institutional Research WWW.UCCS.EDU/IR

Financial Aid Summary AID YEAR 2017-2018 FOR FALL 2017 STUDENTS

Page 2: Financial Aid Summary - ir.uccs.edu · Welcome to our annual report on the distribution of financial aid among UCCS students. The report is intended to satisfy the need for greater

Financial Aid Distribution

2017-2018 | 2

Introduction Welcome to our annual report on the distribution of financial aid among UCCS students. The report is intended to satisfy the need for greater transparency and to inform campus decision-makers as well as students and their families about types and amounts of financial aid distributions.

Included in the analysis are financial aid distributions throughout aid year 2017-2018 among students who were enrolled during the Fall 2017 semester. Please note that students enrolled only during the Spring 2018 semester may have received financial aid but are not included in this report.

The information in this report is drawn from a dataset used to report student-level financial aid to the Colorado Department of Higher Education via the Student Unit Record Data System (SURDS) and to the National Center for Educaton Statistics via the Integrated Postsecondary Education Data Systems (IPEDS). It is a cross-section of data that does not always match the exact financial transactions that occur throughout the aid year.

For more information about the intracacies of financial aid, contact the Financial Aid Office for direct support. To request further analyses or ask questions about this report, please contact the Institutional Research Office. Thank you,

Robyn Marschke, Ph.D. Director of Institutional Research University of Colorado Colorado Springs 719-255-3640| [email protected] | www.uccs.edu/ir

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Financial Aid Distribution

2017-2018 | 3

Contents

Undergraduate Financial Aid 4

Undergrad Applicants & Awardees 5

Sources of Aid 6

Types of Aid 6

Student Characteristics 8

Class Level and Dependency 8

College and Residency 9

Undergraduate Athletic Scholarships 10

Aid by Persistence Group 10

Ethnicity, Gender, and Income 11

Trends in Undergraduate Aid 14

Federal Aid Towers Over All Other Aid 14

State Aid Declines Again 14

Private Aid Slows Down 15

Institutional Aid Grows by 30% 15

One-Third of Undergraduates Receive Pell Grants 16

PLUS Loans Take Over 16

Graduate Student Financial Aid 18

Sources and Types of Aid 18

Average Awards by Type 19

Common Forms of Graduate Aid 19

Aid by College 20

Aid by Degree Level 21

Tuition Waivers, Tuition Assistance, and Student Employment 22

Summary Table of Disbursed Aid 23

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Undergraduate Financial Aid First, a brief primer on Budgets, Need, and Estimated Family Contribution; these are three vital calculations that determine a student's financial aid package. The primer is followed by brief summaries of aid sources and aid types. The Office of Institutional Research is responsible for the methods used in this report. For the best explanation of financial aid, always refer to the Office of Financial Aid at www.uccs.edu/finaid.

While considering the contents of this report, be aware that the College Opportunity Fund (COF) for residents of Colorado is considered a tuition reduction rather than financial aid. Likewise, many third parties and military benefit programs fund students’ educational costs as tuition assistance but are not managed as financial aid. Education tax credits and deductions also help students cover the cost of their education, but are not considered to be financial aid.

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Financial Aid Distribution

2017-2018 | 5

Undergrad Applicants & Awardees

Among 10,439 undergraduate students in Fall 2017, 74% applied for aid by completing the FAFSA and 65% received financial aid. Another 5% received financial aid although they were not required to complete the FAFSA.

The Financial Aid Office determines a student budget based upon costs of attendance and student information provided in the application. Each student who applies for aid has a budget that includes room and board, textbooks, transportation, and other living expenses in addition to tuition and fees for Fall and Spring terms. At UCCS, the budget assigned to each financial aid applicant is similar to the cost of attendance for one year. In fall 2017, 8246 undergraduates had a student budget and the average student budget was $24,306. Compared to last year, this is an 3.4% increase in students and a 1.5% decrease in the average student budget.

The US Department of Education calculates the expected family contribution (EFC) based upon information students report in the Free Application for Federal Student Aid (FAFSA). EFC incorporates several factors for dependency, family size, and individual and household income. It is used to determine aid eligibility and is not the actual amount of tuition and fees provided by a student’s family. The average EFC was $13,491 which represents an 1.3% increase of last year’s average EFC. Need is the student budget minus the expected family contribution. Approximately 20% of students who applied for aid were determined to have no need. The average need was $15,739.

The average amount of aid was $10,458 (this includes zero values among applicants not awarded aid; the average award among recipients was $12,164). The average aid among those awarded covered 49% of their average student budget.

74%Undergrads Applied

70%Undergrads Aided

$24,306Avg Budget

$13,491Avg EFC

$15,739Avg Need

$10,458Avg Aid

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Financial Aid Distribution

2017-2018 | 6

Sources of Aid There are four sources of financial aid: federal, state, institutional, and private. The largest source distributed at UCCS is federal aid (70%) followed by institutional aid (14%), private (10%), and state aid (6%). Federal Aid includes Federal Direct Loans (subsidized and unsubsidized), Federal Perkins Loans, Federal Parent’s Loan for Undergraduate Students (PLUS), Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (SEOG), and Federal Work Study. Institutional Aid includes need-based and merit-based scholarships. Athletic scholarships are an example of merit-based institutional aid. Private Aid consists of scholarships and loans from organizations outside the government. State Aid is provided via the state government and includes the Colorado State Grant, Colorado Undergraduate Merit Grant, GearUp Scholarships, and Colorado Work Study.

Types of Aid Aid comes in the form of scholarships, grants, work study, and loans. Scholarships and grants do not require repayment and are the most desirable type of aid. Perkins Loans and subsidized Federal Direct Loans are more desirable than other loans because the government subsidizes or pays for the interest while the student is enrolled. The government does not cover the interest for unsubsidized Federal Direct Loans, but they do regulate the interest rate, which is usually better than private loan interest rates. Federal Need-Based Work Study is also subsidized by the government with funds provided to institutions to cover wages earned by students. The majority of aid was in the form of loans (60%), followed by grants (22%), scholarships (18%), and work study (1%).

Total Percent of Total Aid

Average Award among

Recipients Recipients

TOTAL AID 88,922,218 100% $12,164 7,310 LOAN 52,941,957 59% $10,739 4,930 GRANT 19,521,355 22% $5,456 3,578 SCHOLARSHIP 15,826,619 18% $4,691 3,374 WORK STUDY 632,288 1% $2,299 275

Federal$62,462,060

70%

Institutional$12,391,887

14%

Private$8,476,086

10%

State$5,592,185

6%

Sources of Aid

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Financial Aid Distribution

2017-2018 | 7

Loan59%

Grant22%

Scholarship

18%

Work Study1%

Types of Aid Awarded

47%

34%

32%

3%

Loan

Grant

Scholarship

Work Study

Percent of Undergrads Receiving Aid

FED Unsub Loan18%

FED Direct Loan17%

FED Plus Loan18%

FED Pell Grant16%

FED Misc Other1%

UCCS Need Scholarships

5%

UCCS Merit Scholarship

9%

STATE Grant6%

STATE Misc Other0%

PRIVATE Loan6%

PRIVATE Scholarship4%

2017 Undergraduate Financial Aid by Source Detail

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Financial Aid Distribution

2017-2018 | 8

Student Characteristics Class Level and Dependency Like previous years, more aid was distributed to freshmen and seniors than sophomores and juniors. Sophomores received the least amount of aid.

For a better comparison, refer to the average aid distributed per recipient by class level. First-year students have the highest average loan and grant amounts while upper level undergraduates average greater amounts of scholarship and workstudy aid.

The percentage of students deemed dependent on their parents decreases as student progress through their career. While 76% of first year students are dependent, only 27% of seniors are dependent.

As students become less dependent on their parents, the contribution expected from their parents also declines. First year students have an average EFC of $20,127 in comparison to seniors at $8,459.

05

1015202530

Mill

ions

Total Aid Distributed

by Class Level

Loans Grants

Scholarships Work Study

76%56%

45%27%

20,127

13,317 11,379

8,459

-

5,000

10,000

15,000

20,000

25,000

0%

20%

40%

60%

80%

100%

Freshman Sophomore Junior Senior

Dependency & Expected Family Contribution

% Dependent Avg EFC

1176

6

6174

4233

1776

1266

1

1069

7

5437

4568

1983

1164

8

1072

3

5513

5290

2648

1273

5

9854

4845

5087

2518

1162

5

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Loan Grant Scholar-ship

Workstudy Total

Average Aid Distributed per Recipient by Class Level

First Years Sophomores Juniors Seniors

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Financial Aid Distribution

2017-2018 | 9

College and Residency The distribution of aid among college programs is similar to the distribution of students among college programs, indicating that aid is not disproportionately concentrated in a particular college although tuition rates and scholarship opportunities differ by college.

Colorado residents comprise 87% of the undergradute students. The distribution by residency indicates that resident students receive disproportionately higher amounts of grant and work study aid but disproportionately lower amounts of scholarship and loan aid.

CLAS55%

CLAS56%

BUSN12%

BUSN12%

NURS11%

NURS11%

ENGR13%

ENGR13%

PAFF5%

PAFF5%

EDUC3%

EDUC3%

Students

Total Aid

0% 20% 40% 60% 80% 100%

Distribution by College

18,145,396 561,277 13,334,15940,977,758

1,375,959 71,010 2,492,46011,952,679

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Grant Work Study Scholarship Loan

Distribution by Residency

Resident Non resident

Page 10: Financial Aid Summary - ir.uccs.edu · Welcome to our annual report on the distribution of financial aid among UCCS students. The report is intended to satisfy the need for greater

Financial Aid Distribution

2017-2018 | 10

Undergraduate Athletic Scholarships A total of 287 undergraduates received insitutional athletic aid1: $1,950,348 dollars were disbursed for an average award of $6,796. The athletic aid comprised 16% of institutional aid but only 2.2% of total undergraduate aid.

Aid by Persistence Group In bar chart below, the intention is to show the distribution of aid to students who have or have not persisted at UCCS one year later.

The aid distribution is concentrated among students who return to UCCS. However, approximately 19% of loan aid, 19% of grant aid, 13% of scholarship aid, and 8% of work study aid was disbursed to students who either transferred to another institution or dropped out of higher education by the beginning of the fall 2018 semester. Overall, nearly $16 million dollars or 18% of total aid was distributed to students who left UCCS.

1 Athletic aid is drawn from a live query rather than the SURDS dataset, using “item type codes” in Campus Solutions. We work with the Financial Aid Office to make sure we have all athletic related item types and then consider the sum to be a subset of the total institutional aid recorded within the SURDS dataset.

62%

12%2%

23%

1%

Athletic Aid vs. All Other Undergraduate Aid

Loans

Non-AthleticScholarships

AthleticScholarships

Grants

Workstudy

16%

22%

34%

28%

Athletic Aid vs. Institutional Aid

Athletic

Chancellor'sScholarship

Need Based

Other MeritBased

35.2

2

7.53

4.13 6.

07

13.1

8

2.69

1.37 2.28

11.2

8

2.51

1.00

1.03

0

5

10

15

20

25

30

35

40

Enrolled Graduated Transferred Unknown

Mill

ions

Status at Beginning of Fall 2018 Semester

Aid Distributed by Persistence Group

Loan

Grant

Scholarship

Work Study

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2017-2018 | 11

Aided students who transferred to another institution were mostly freshmen who transferred to institutions in Colorado. The 855 students who received aid at UCCS and then transferred to another institution by Fall 2018 had received $6,528,010 in aid at UCCS or approximately 7.3% of the aid awarded to undergraduates.

Top 10 Institutions Aided Students Transferred to:

Number of Transfers

Total Aid Avg Aid

PIKES PEAK COMMUNITY COLLEGE 241 1,582,781 7,610 UNIVERSITY OF COLORADO DENVER 72 612,512 10,382 COLORADO STATE UNIVERSITY 43 313,059 8,238 METRO STATE UNIVERSITY OF DENVER 41 475,124 12,503 UNIVERSITY OF COLORADO BOULDER 36 293,475 10,120 FRONT RANGE COMMUNITY COLLEGE 33 211,159 6,812 COLORADO STATE UNIVERSITY – PUEBLO 24 302,158 13,137 ARAPAHOE COMMUNITY COLLEGE 21 148,655 8,744 UNIVERSITY OF NORTHERN COLORADO 19 178,800 9,933 COLORADO MESA UNIVERSITY 18 190,914 11,230

Ethnicity, Gender, and Income The first column, below, depicts the distribution of undergraduate students among the racial and ethnic groups defined by the federal government. The subsequent columns represent the proportion of aid distributed to students in each racial and ethnic group. There are a few indications of societal inequality in that the students from minority groups are overrepresented among the Pell Grant and Federal SEOG, which are the two forms of aid that are specifically reserved for low-income students, and White students are overrepresented in the private aid and institutional merit aid categories suggesting the possibility of accumulated advantages.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Aid Distribution by Aid Type and Ethnicity

White

Unknown

Two Plus

Pacific Islander

Nonres Alien

Hispanic

Black

Asian

American Indian

Page 12: Financial Aid Summary - ir.uccs.edu · Welcome to our annual report on the distribution of financial aid among UCCS students. The report is intended to satisfy the need for greater

Financial Aid Distribution

2017-2018 | 12

Dependency status is a financial aid term used to identify students who are emancipated and/or independent of their parents versus those who are dependent. Dependent students’ financial aid package takes into account their parent(s) income whereas independent students’ income is usually based on the student’s own income only. In the bar chart, we see that the percentage of students who are independent varies among the racial and ethnic groups.

The distribution of students versus the distribution of total aid by general categories of gender and minority status are shown in the pie charts. The unknown group includes international students (or “Non-resident Aliens”) and students who did not disclose their racial or ethnic identity.

Students’ income quintiles are estimated based on their adjusted gross income from the FAFSA and, in cases of missing data, total income from the ISIR, and placed into the 2016 household income quintile

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

American Indian

Asian

Black

Hispanic

Nonres Alien

Pacific Islander

Two Plus

Unknown

White

Dependency Status by Ethnicity

Independent Dependent Unknown

Minority Women

18%

Minority Men15%

Unknown Women

1%Unknown

Men1%

White Women

33%

White Men32%

Students

Minority Women

22%

Minority Men15%

Unknown Women

1%Unknown

Men1%

White Women

34%

White Men27%

Total Aid

Page 13: Financial Aid Summary - ir.uccs.edu · Welcome to our annual report on the distribution of financial aid among UCCS students. The report is intended to satisfy the need for greater

Financial Aid Distribution

2017-2018 | 13

ranges published by the U.S. Census Bureau. For more information about income quintiles, please see the UCCS Income Quintile Report posted online at https://www.uccs.edu/ir/data/financial-aid. At UCCS, the modal income quintile among undergraduates (excluding the unknowns) is the lowest income quintile. Combining the lowest and second quintiles, 31% of the undergraduates have an adjusted gross income less than $45,600.

The students’ adjusted gross income influences their aid packages and the types of aid they may be eligible to receive. In the bar chart below, students in the first and second quintiles receive nearly as much grant and scholarship aid as loan aid. However, the pattern changes and students in the fourth and fifth quintiles are receiving most of their aid in the form of loans.

Lowest <24,002191618%

Second <45,600140214%

Third <74,869118611%

Fourth <121,018

145414%

Fifth 121,018+127412%

Top 5% 225,251+2693%

Unknown293828%

Estimated Income Quintiles

0

5000000

10000000

15000000

20000000

25000000

Lowest<24,002

Second<45,600

Third<74,869

Fourth<121,018

Fifth121,018+

Top 5%225,251+

Unknown

Aid by Estimated Income Quintile*Loans Grants & Scholarships

Page 14: Financial Aid Summary - ir.uccs.edu · Welcome to our annual report on the distribution of financial aid among UCCS students. The report is intended to satisfy the need for greater

Financial Aid Distribution

2017-2018 | 14

Trends in Undergraduate Aid Federal Aid Towers Over All Other Aid Federal aid continues to be the largest and most vital source of aid. This year, federal aid decreased by 1.5 million whereas institutional, state, and private aid combined increased by 2.6 million. The increase in the latter is due to institutional and private aid (state aid declined by $324,461).

State Aid Declines Again The amount of undergraduate state aid decreased by $324,461 or 5.5% this year after substantial growth two and three years prior.

44.9

13.8

47.9

16.3

52.8

15.5

58.0

19.4

59.4

21.5

63.9

23.8

62.5

26.5

05

10152025303540455055606570

Federal Institutional, State, & Private Combined

Mill

ions

Amount of Distributed Aid by Source2012 through 2017

2012 2013 2014 2015 2016 2017 2018

3,229,375 3,247,072 3,204,695

5,071,464

6,251,5535,916,646

5,592,185

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

2012 2013 2014 2015 2016 2017 2018

State Aid

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Financial Aid Distribution

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Private Aid Slows Down Private aid increased by 93,117 or 1% and appears to have slowed down in comparison to prior annual growth rates.

Institutional Aid Grows by 30% After a decline between 2015 and 2016, institutional aid has grown substantially since then with an increase of 30% just this year. The growth can be attributed to intentional efforts to increase institutional aid via merit-based scholarships like the Chancellor’s Award. (Note that philanthropic resources directed to financial aid or scholarships coordinated by University Advancement are considered institutional aid.)

4,102,335

5,326,540 5,239,2626,058,917

7,117,885

8,382,969 8,476,086

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

2012 2013 2014 2015 2016 2017 2018

Private Aid

6,419,8587,024,588 7,067,497

8,248,855 8,090,855

9,541,143

12,391,887

0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

2012 2013 2014 2015 2016 2017 2018

Institutional Aid

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Financial Aid Distribution

2017-2018 | 16

One-Third of Undergraduates Receive Pell Grants

Federal Pell Grants continue to be an important part of undergraduate financial aid packages. Approximately 33% of all undergraduates received a Pell Grant with a total disbursement of $13,978,639.

The average award increased slightly from $3994 last year to $4019 this year, in part due to the extension of Pell Grants for the summer term. About 14% of undergraduates (or 43% of Pell recipients) received a Pell Grant of $5000 or more.

The maximum Federal Pell Grant changes every year. Please see the Office of Financial Aid for recent and upcoming eligibility requirements at www.uccs.edu/finaid/types/grants.html.

PLUS Loans Take Over While the total loan aid decreased by $2.2 million dollars compared to last year, PLUS2 loans have surpassed the unsubsidized and subsidized loans for the first time ever. In 2011, PLUS loans were 17% of loan aid; the proportion had increased to 31% in 2017 and remains at 31% this year. The dramatic increase in PLUS loans since 2011 reflects the extent to which students rely on their parents to finance their education.

2 PLUS loans are for parents of dependent students and (a) carry a higher origination fee, (b) carry a higher interest rate, (c) require a credit history check, and (d) are more difficult to defer and repayment usually begins immediately after the last disbursement.

2011 2012 2013 2014 2015 2016 2017 2018Unsubsidized 13,203,02 14,234,42 15,683,55 15,795,02 16,415,63 16,317,20 16,701,01 15,801,04Subsidized 11,561,97 12,932,28 13,384,09 15,040,30 15,840,82 15,592,46 16,171,75 15,419,13PLUS 5,596,010 7,018,505 7,528,748 9,650,150 12,207,90 13,326,30 17,019,43 16,585,47Private 1,430,304 2,081,419 2,851,449 2,882,178 3,730,873 4,249,410 5,261,141 5,136,292Perkins 236,961 183,329 121,380 475,714 486,374 434,342 29,768 -

02468

1012141618

Mill

ions

Loan Aid

No Pell67%

$5000+14%

$2500-499911%

<$25008%

Pell32%

Pell Grant Awards

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While loan aid still predominates all financial aid, 53% of the undergraduate students did not have a loan at all. About 27% had loans under $10,000 with the remaining 20% of students having loans above $10,000. About 7% of undergraduates took loans for over $20,000 for the year.

A large loan amount may seem like an at-risk factor that would dampen student success; however, 82% of the 2094 students with loans of $10,000 or more either graduated or enrolled by the fall 2018 semester. This is a higher persistence rate than that of students with loans less than $10,000 (75% persistence rate) and students without loans (78% persistence rate). While aid year loans do not appear to negatively impact student persistence, UCCS might take note of the proportion of students taking out very large loans.

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Freshman

Sophomore

Junior

Senior

Senior 5th

Loan Aid by Academic Level

No Loan

< 2,500

2,500 - 4,999

5,000 - 7,499

7,500 - 9,999

10,000 - 14,999

15,000 - 19,999

20,000 - 29,999

30,000 +

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Graduate Student Financial Aid Financial aid for graduate students is not as robust as that for undergraduate students. Among 1,996 graduate-level students, 52% applied for aid and 50% received aid. The average disbursement per recipient was $11,665 for non-degree graduates and $15,135 for graduate students. Approximately 8% of the graduate student population was in the “non-degree” career that includes post-baccalaureate and certificate-seeking students; the non-degree graduate students received 4% of the aid to graduate students and most of their aid (70%) was in the form of Direct Unsubsidized Loans.

Sources and Types of Aid The bulk of aid disbursed to graduate students is in the form of federal loans (83%) followed by institutional aid (12%), private aid (5%), and state aid (0.5%). The state provided $80,554 dollars to 27 graduate students for an average award of $2983.

Federal Loans12,294,419

83%

Institutional Need-Based

585,9004%

Institutional Merit1,178,665

8%

Private Scholarship620,941

4%Private Loan

86,1071%

State Grant80,554

0%

Federal Other/Workstudy

8,8810%

2018 Graduate Student Financial Aid

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Average Awards by Type Among graduate students, the average loan amount was $15,928 for graduate and $15,688 for non-degree graduate students. Approximately 40% of graduate students received a loan, 19% received a scholarship, and 1.5% received a grant.

Common Forms of Graduate Aid The most common form of aid to graduate students is the Federal Direct Unsubsized Loan, which makes up 73% of all financial aid disbursed to graduate students. The next largest disbursement is the Federal Grad PLUS Loan (8%) followed by institutional need-based aid (7%) and institutional merit-based aid (5%).

Type of Aid Graduate Non-Degree Graduate Total Aid as % of

Total Aid

Enrolled students 1832 164 1996

Enrolled and receiving aid 943 50 993

Federal Direct Unsub. Loan $10,946,013 $406,602 $11,352,615 76%

Federal Grad PLUS Loan $868,373 $73,431 $941,804 6%

Institutional Need-Based $585,900 $0 $1,156,929 4%

Institutional Merit –Based $1,118,936 $59,728 $1,178,665 8%

Private Scholarship $599,441 $21,500 $620,941 4%

Private Loan $67,628 $18,479 $86,107 1%

State Colorado Graduate Grant $80,554 $0 $80,554 1%

Other Federal Amounts $5,381 $3,500 $8,881 0%

$15,928

$2,765

$6,228

$212

$15,688

$4,513

Loan Grant Scholarship Workstudy0

2,0004,0006,0008,000

10,00012,00014,00016,00018,000

Average Awards among Graduate Student RecipientsGRAD NDGR

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Financial Aid Distribution

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Aid by College The pie charts (below) show the distribution of students and disbursed aid among the graduate programs, abbreviated as follows: School of Public Affairs (PAFF), Helen and Arthur E. Johnson Beth-El College of Nursing & Health Sciences (NURS), College of Engineering & Applied Sciences (ENGR), College of Education (EDUC), College of Letters, Arts, and Sciences (CLAS), College of Business (BUSN), and Non-Degree and Concurrent Students (OTHR). Students seeking gainful employment certificates are categorized in their college.

EDUC (Education) students are the largest proportion of graduate students (24%) and receive the largest proportion of aid (29%), mostly in the form of loans. The distribution of aid (6%) to Engineering students (16%) is disproportionately low because there are many aid-ineligible international students in Engineering. The proportion of aid distributed to CLAS (19%) and NURS (21%) students is greater than their proportions of the graduate students (12% and 15%, respectively) because CLAS and NURS students are the primary beneficiaries of the STEM-based Colorado Graduate Grant.

The bar chart (below) illustrates the percent of students in each college who receive loan, grant, or scholarship aid. The other types of non-aid assistance – detailed in the next section -- includes tuition waivers, student employment, and military affiliated tuition assistance.

EDUC29%

ENGR6%BUSN

13%

OTHR0%

CLAS19%

NURS21%

PAFF12%

Distribution of Total Aid by Students' College

EDUC24%

ENGR16%

BUSN17%

OTHR5%

CLAS12%

NURS15%

PAFF11%

Distribution of Students among Colleges

49%

0%

23%17%

54%

6%

18%11%

47%

3%

40%

66%

52%

1%

18%

33%32%

0%9%

19%14%

1%

13%

36%

3% 0%

13%19%

0%

20%

40%

60%

80%

100%

Loan Grant Scholarship Other*

Percentage of Students Receiving Aid by Type and College

EDUC NURS CLAS PAFF BUSN ENGR OTHR

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The next bar chart (below) illustrates the average award by type among recipients in each academic program.

Aid by Degree Level Aid varies according to the students’ degree level. The proportion of aid in the form of loans is smaller for doctoral students (62%) than it is for other graduate students (81% to 91%).

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

Avg Loan Avg Grant Avg Scholarship

Average Award among Award Recipients by Type and Program

EDUC NURS CLAS PAFF BUSN ENGR OTHR

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Certificate

Licensure

Master of Arts

Master of Sciences

Doctorate

Aid Distribution by Type and Degree Level

Loan Grant Scholarship

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Tuition Waivers, Tuition Assistance, and Student Employment Graduate students are eligible for additional forms of assistance that are not categorized as financial aid. Approximately 4% received tuition waivers from the employee benefit pool, 14% were employed as student faculty or student workers, 5% were employed in faculty or staff positions, and 24% received military affiliated tuition assistance.

Tuition waivers are employee benefits that cover up to 9 credit hours of coursework per year. In the Fall semester, there were 74 employees using this benefit to cover 307 credit hours, which is approximately $2,000 each. Among the 74 beneficiaries, 70% did not receive financial aid (and 30% did).

Nearly 19% held student, faculty, or staff positions in the fall semester. Most were at the levels of Student Assistant (53%), University or Classified Staff (21%), Graduate Part-Time Instructor (11%), Teaching Assistant (7%), or Research Assistant (7%).

Approximately 24% of graduate students benefited from military affiliated tuition assistance from at least one of these sources: (a) Chapter 33 GI Bill, (b) Yellow Ribbon, (c) ROTC, (d) AFIT, (e) VA Rehab, (f) Colorado National Guard, (g) Navy, Marines, Coast Guard, and (h) miscellaneous bases. Of the 472 graduate students receiving military affiliated tuition assistance, 63% were not receiving any financial aid.

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Summary Table of Disbursed Aid

Academic Career Students Total

Aid Total

Loans Total

Grants Total

Scholarships Total

Workstudy UGRD 10,439 88,922,218 52,941,957 19,521,355 15,826,619 632,288

GRAD 1,832 14,272,226 11,882,014 85,723 2,304,277 212

NDGR 164 583,240 502,012 0 81,228 0

Academic Level

Unclassified 161 76,078 20,986 4,091 51,001 0

First Year 2,738 26,309,038 15,460,951 5,414,309 5,316,576 117,202

Sophomore 2,226 18,380,589 10,943,016 3,952,748 3,407,496 77,328

Junior 2,286 20,529,010 12,266,801 4,879,222 3,184,400 198,587

Senior 2,167 17,618,030 10,426,927 4,030,245 3,001,185 159,672

Senior 5yr 951 6,062,091 3,841,165 1,240,740 900,688 79,499

Graduate 1,906 14,802,849 12,366,137 85,723 2,350,777 212

IPEDS Full Time Status

UGRD Full time 8,165 77,289,352 45,282,027 16,708,655 14,742,135 556,535

UGRD Part time 2,274 11,632,866 7,659,930 2,812,700 1,084,483 75,753

GRAD Full time 418 4,494,507 3,513,895 23,209 957,403 0

GRAD Part time 1,414 9,777,719 8,368,119 62,514 1,346,874 212

NDGR Full time 8 52,522 52,522 0 0 0

NDGR Part time 156 530,718 449,490 0 81,228 0

Undergrad Cohort Continuing/Returning 7,021 57,019,151 34,280,962 12,924,308 9,298,938 514,944

First-time 2,045 21,544,515 12,074,183 4,209,269 5,160,947 100,116

Transfer-in 1,258 10,088,776 6,355,996 2,383,687 1,331,865 17,228

Non-degree 115 269,776 230,816 4,091 34,869 0

Online Group

100% Online 1,195 7,622,940 6,224,552 800,830 592,140 5,418

Some Online 2,651 23,921,158 14,760,283 4,714,009 4,281,450 165,416

Not Online 8,589 72,233,587 44,341,148 14,092,239 13,338,534 461,666

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Tuition Residency Students Total

Aid Total

Loans Total

Grants Total

Scholarships Total

Workstudy Resident 9,561 79,227,048 47,662,330 16,678,542 14,350,575 535,601

Res ActDty PCS 394 2,227,999 1,549,812 447,035 221,706 9,446

Res ADEP 21 102,336 74,389 20,447 7,500 0

Res ASSET 30 45,066 0 0 45,066 0

Res Can Mil 3 500 0 0 500 0

Res CO NatlGrd 3 40,027 12,500 17,760 9,767 0

Res Econ Incen 4 16,000 16,000 0 0 0

Res Exchange 4 4,250 4,250 0 0 0

Res HDDEP 5 2,000 0 0 2,000 0

Res Hon Dischg 287 1,456,299 800,314 586,606 55,153 14,225

Res Olymp Ath 16 104,529 45,000 17,279 42,250 0

Res Online 210 1,045,071 611,425 286,801 146,845 0

Res VetDepCAct 136 490,230 268,089 176,649 43,275 2,217

Res W Reg Grad 21 215,169 199,460 0 15,709 0

Non-resident 961 11,322,368 8,269,370 760,488 2,270,992 21,517

Non-res ASTMP 2 0 0 0 0 0

Non-res Exchange 16 2,322 0 0 2,322 0

Non-res Online 196 1,207,208 1,108,468 28,371 70,369 0

Non-res Pres Sch A 28 341,795 111,557 24,180 206,058 0

Non-res Pres Schlr 47 470,709 293,320 47,520 125,775 4,094

Non-res WUE 482 5,445,239 4,288,179 515,400 596,261 45,399

Under Review- 7 11,520 11,520 0 0 0

Under Review Online 1 0 0 0 0 0

Campus Housing

No 10,805 81,803,185 51,686,549 16,370,141 13,217,233 529,263

Yes 1,630 21,974,499 13,639,434 3,236,937 4,994,891 103,237

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Military Students Total

Aid Total

Loans Total

Grants Total

Scholarships Total

Workstudy No 10,095 90,877,881 57,749,090 16,224,382 16,348,763 555,646

Yes 2,340 12,899,803 7,576,893 3,382,696 1,863,361 76,853

Race/Ethnicity AMERINDIAN 31 428,391 307,426 62,569 58,396 0

ASIAN 399 2,798,342 1,545,074 771,276 454,205 27,787

BLACK 472 5,322,560 3,042,894 1,297,248 934,247 48,171

HISPANIC 2,095 19,577,233 11,538,536 4,534,156 3,346,319 158,222

NONRESALIEN 228 442,928 15,000 0 427,928 0

PACIFIC 30 319,148 214,241 46,959 57,948 0

TWOPLUS 890 8,498,544 5,281,575 1,672,464 1,458,656 85,849

UNKNOWN 276 1,721,067 1,169,433 389,912 153,098 8,624

WHITE 8,014 64,669,471 42,211,804 10,832,494 11,321,327 303,846

Gender

M 5,881 43,768,832 27,626,890 8,613,491 7,309,051 219,400

F 6,554 60,008,852 37,699,093 10,993,587 10,903,073 413,099

Admit Type

CON 8,565 68,293,397 43,812,837 13,204,909 10,753,670 521,980

DFO 25 258,941 87,898 0 171,043 0

DFR 22 206,998 142,030 0 64,968 0

FR 31 276,098 101,200 73,615 100,191 1,092

FRF 1,378 14,204,171 8,329,981 2,759,957 3,052,698 61,535

FRN 200 1,881,030 825,904 429,942 610,446 14,738

FRO 407 4,966,075 2,688,406 891,457 1,363,460 22,752

MFO 314 2,757,489 2,251,685 23,925 481,879 0

MFR 175 1,284,952 953,925 25,624 305,403 0

ND 4

0 0 0

NFG 59 214,357 181,153 0 33,204 0

NFU 40 16,370 3,097 0 13,273 0

NRG 40 90,979 55,410 0 35,569 0

NRU 17 0 0 0 0 0

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RGC 1 0 0 0

RGE 1

0 0 0

RUC 28 165,427 135,042 19,853 10,532 0

RUE 44 225,558 141,107 75,193 9,258 0

RUO 6 5,500 5,500 0 0 0

TR 24 199,905 139,989 30,570 29,346 0

TRB 61 396,082 278,891 83,207 33,984 0

TRC 30 217,880 134,560 69,660 13,660 0

TRN 52 379,122 248,600 98,046 32,267 209

TRO 911 7,737,354 4,808,768 1,821,120 1,097,272 10,195