Common Data Set - Financial Aid

Financial Aid

Financial Aid Definitions · Aid Awarded to Enrolled Undergraduates · Number of Enrolled Students Awarded Aid
Number of Enrolled Students Awarded Non-need-based Scholarships and Grants · Loan Information
Aid to Undergraduate Degree-Seeking Nonresident Aliens · Process for First-Year/Freshman Students
Types of Aid Available

Financial Aid Definitions

Awarded aid: The dollar amounts offered to financial aid applicants

Financial aid applicant: Any applicant who submits any one of the institutionally required financial aid applications/forms, such as the FAFSA.

Indebtedness: Aggregate dollar amount borrowed through any loan programs (federal, state, subsidized, unsubsidized, private, etc.; excluding parent loans) while the student was enrolled at an institution. Student loans co-signed by a parent are assumed to be the responsibility of the student and should be included.

Institutional and external funds: Endowment, alumni, or external monies for which the institution determines the recipient or the dollar amount awarded.

Financial need: As determined by your institution using the federal methodology and/or your institution's own standards.

Need-based aid: College-funded or college-administered award from institutional, state, federal, or other sources for which a student must have financial need to qualify. This includes both institutional and noninstitutional student aid (grants, jobs, and loans).

Need-based scholarship or grant aid: Scholarships and grants from institutional, state, federal, or other sources for which a student must have financial need to qualify.

Need-based self-help aid: Loans and jobs from institutional, state, federal, or other sources for which a student must demonstrate financial need to qualify.

Non-need-based scholarship or grant aid: Scholarships and grants, gifts, or merit-based aid from institutional, state, federal, or other sources (including unrestricted funds or gifts and endowment income) awarded solely on the basis of academic achievement, merit, or any other non-need-based reason. When reporting questions H1 and H2, non-need-based aid that is used to meet need should be counted as need-based aid.

Non-need-based self-help aid: Loans and jobs from institutional, state, or other sources for which a student need not demonstrate financial need to qualify.

Scholarships/grants from external sources: Monies received from outside (private) sources that the student brings with them (e.g., Kiwanis, National Merit scholarships). The institution may process paperwork to receive the dollars, but it has no role in determining the recipient or the dollar amount awarded.

Work study and employment: Federal and state work study aid, and any employment packaged by your institution in financial aid awards.

Aid Award to Enrolled Undergraduates

H1. Enter total dollar amounts awarded to enrolled full-time and less than full-time degree seeking undergraduates (using the same cohort reported in CDS Question B1, "total degree-seeking" undergraduates) in the following categories. (Note: If the data being reported are final figures for 2004-2005 academic year (see the next item below), use the 2004-2005 academic year's CDS Question B1 cohort.) Include aid awarded to international students (i.e., those not qualifying for federal aid). Aid that is non-need-based but that was used to meet need should be reported in the need-based aid column. (For a suggested order of precedence in assigning categories of aid to cover need, see the entry for "non-need-based scholarship or grant aid" in the definitions section.)

Indicate the academic year for which data are reported for items H1, H2, H2A, and H6 below:
2005 - 2006 Estimated 2004 - 2005 Final

Which needs-analysis methodology does your institution use in awarding institutional aid? (Formerly H3)
Federal Methodology (FM)
Institutional Methodology (IM)
Both FM and IM

	Need-based (Include non-need-based aid used to meet need.)	Non-need-based (Exclude non-need-based aid used to meet need.)
Scholarships/Grants
Federal	12,152,479.19
State (i.e., all states, not only the state in which your institution is located)	80,023.00	5,023,980.09
Institutional (endowment, alumni, or other institutional awards) and external funds awarded by the college excluding athletic aid and tuition waivers (which are reported below)		1,675,794.24
Scholarships/grants from external sources (e.g., Kiwanis, National Merit) not awarded by the college		1,524,773.94
Total Scholarships/Grants	12,232,502.19	8,224,548.27
Self-Help
Student loans from all sources (excluding parent loans)	13,472,098.08	11,937,700.58
Federal Work-Study	305,536.86
State and other (e.g., institutional) work- study/employment (Note: Excludes Federal Work-Study captured above.)		846,378.01
Total Self-Help	13,777,634.94	12,784,078.59
Parent Loans		352,183.00
Tuition Waivers Note: Reporting is optional. Report tuition waivers in this row if you choose to report them. Do not report tuition waivers elsewhere.		2,118,532.20
Athletic Awards		1,756,258.35

H2. Number of Enrolled Students Awarded Aid: List the number of degree-seeking full-time and less-than-full-time undergraduates who applied for and were awarded financial aid from any source. Aid that is non-need-based but that was used to meet need should be counted as need-based aid. Numbers should reflect the cohort awarded the dollars reported in H1. Note: In the chart below, students may be counted in more than one row, and full-time freshmen should also be counted as full-time undergraduates.

	First-time Full-time Freshmen	Full-time Undergrad (Incl. Fresh)	Less Than Full-Time Undergrad
a) Number of degree-seeking undergraduate students	1,797	6,942	2,299
b) Number of students in line a who applied for need-based financial aid	1,490	5,616	1,558
c) Number of students in line b who were determined to have financial need	1,049	4,062	1,164
d) Number of students in line c who were awarded any financial aid	1,049	4,062	1,164
e) Number of students in line d who were awarded any need-based scholarship or grant aid	884	3,282	894
f) Number of students in line d who were awarded any need-based self-help aid	835	3,416	948
g) Number of students in line d who were awarded any non-need-based scholarship or grant aid	386	1,430	239
h) Number of students in line d whose need was fully met (exclude PLUS loans, unsubsidized loans, and private alternative loans)	0	9	1
i) On average, the percentage of need that was met of students who were awarded any need-based aid. Exclude any aid that was awarded in excess of need as well as any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans)	33.50%	35.65%	27.19%
j) The average financial aid package of those in line d. Exclude any aid that was awarded in excess of need as well as any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans)	4,482.23	5,224.08	4,161.30
k) Average need-based scholarship or grant award of those in line e	7,198.85	8,332.75	6,759.10
l) Average need-based self-help award (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in line f	2,224.30	3,177.29	3,143.19
m) Average need-based loan (excluding PLUS loans, unsubsidized loans, and private alternative loands) of those in line f who were awarded a need- based loans	3,627.80	4,834.55	5,746.26

H2A. Number of Enrolled Students Awarded Non-need-based Scholarships and Grants: List the number of degree-seeking full-time and less-than-full-time undergraduates who had no financial need and whoe were awarded institutional-not external-non-need-based scholarship or grant aid. Numbers should reflect the cohort awarded the dollars reported in H1. Note: In the chart below, students may be counted in more than one row, and full-time freshmen should also be counted as full-time undergraduates.

	First-time Full-time Freshmen	Full-time Undergrad (Incl. Fresh)	Less Than Full-Time Undergrad
n) Number of students in line a who had no financial need and who were awarded institutional non-need-based scholarship or grant aid (exclude those who were awarded athletic awards and tuition benefits)	456	1,502	321
o) Average dollar amount of institutional non-need-based scholarship and grant aid awarded to students in line n	3,752.92	3,572.93	1,050.51
p) Number of students in line a who were awarded an institutional non-need- based athletic scholarship or grant	35	156	1
q) Average dollar amount of institutional non-need-based athletic scholarships and grants awarded to students in line p	6,753.59	6,901.52	3,400.00

H3: Incorporated into H1 above.

H4: Provide the percentage of the 2005 undergraduate class who graduated between July 1, 2004 and June 30, 2005 and borrowed at any time through any loan programs (federal, state, subsidized, unsubsidized, private, etc.; exclude parent laons). Include only students who borrowed while enrolled at your institution: 68%

H5: Report the average per-borrower cumulative undergraduate indebtedness of those in line H4. Do not include money borrowed at other institutions: $17,442

Aid to Undergraduate Degree-seeking Nonresident Alien

Note: Report numbers and dollar amounts for the same academic year checked in item H1.)

H6. Indicate your institution's policy regarding institutional scholarship and grant aid for undergraduate degree-seeking nonresident aliens:

Institutional need-based scholarship or grant aid is available
Institutional non-need-based scholarship or grant aid is available
Institutional scholarship and grant aid is not available

If institutional financial aid is available for undergraduate degree-seeking nonresident aliens, provide the number of undergraduate degree-seeking nonresident aliens who were awarded need-based or non-need-based aid: 20

Average dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens: $5,717

Total dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens: $114,353

H7. Check off all financial aid forms nonresident first-year financial aid applicants must submit:

Institution's own financial aid form
CSS/Financial Aid PROFILE
International Student's Financial Aid Application
International Student's Certification of Finances
Other:

Process for First-Year/Freshman Students

H8. Check off all financial aid forms domestic first-year (freshman) financial aid applicants must submit:

FAFSA
Institution's own financial aid form
CSS/Financial Aid PROFILE
State aid form
Noncustodial PROFILE
Business/Farm Supplement
Other:

H9. Indicate filing dates for first-year (freshman) students:

Priority date for filing required financial aid forms: May 1st
Deadline for filing required financial aid forms: N/A
No deadline for filing required forms (applications processed on a rolling basis): X

H10. Indicate notification dates for first-year (freshman) students (answer a or b):

a.) Students notified on or about (date): N/A
b.) Students notified on a rolling basis: Yes No
If yes, starting date: May

H11. Indicate reply dates:

Students must reply by (date): N/A or within 4 weeks of notification

Types of Aid Available

Please check off all types of aid available to undergraduates at your institution:

H12. Loans

FEDERAL DIRECT STUDENT LOAN PROGRAM (DIRECT LOAN)
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct PLUS Loans

FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFEL)
FFEL Subsidized Stafford Loans
FFEL Unsubsidized Stafford Loans
FFEL PLUS Loans

Federal Perkins Loans
Federal Nursing Loans
State Loans
College/university loans from institutional funds
Other: Alternative Loans

H13. Scholarships and Grants

NEED-BASED:
Federal Pell
SEOG
State scholarships/grants
Private scholarships
College/university scholarship or grant aid from institutional funds
United Negro College Fund
Federal Nursing Scholarship
Other: Third Party Scholarships

H14. Check off criteria used in awarding institutional aid. Check all that apply.

	Non-need	Need-based
Academics	X
Alumni Affiliation	X
Art	X
Athletics	X
Job Skills	X
ROTC	X
Leadership	X
Minority Status	X
Music/drama	X
Religious Affiliation	X
State/district residency	X

Common Data Set - 05-06 Common Data Set - Financial Aid

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