Annual Update: Spring 2007

Charles E. Daye, ChairCommittee on Scholarships, Awards, and Student Aid

March 23, 2007

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.

2006-2007 Scholarships, Awards, and Student Aid CommitteeName and Department TermFaculty/StaffCharles Daye, Chair (Law) 2003-09Todd Austell (Chemistry) 2001-07Georgette Dent (Medicine) 2003-09Jean DeSaix (Biology) 2001-07Carl Ernst (Religious Studies) 2003-09Alfred Field (Economics) 2005-08Stephanie Haas (SILS) 2005-08Melissa Exum (Student Affairs) Ex officioSteve Farmer (Admissions) Ex officioShirley Ort (Student Aid) Ex officioCelia Pratt (Aca. Affs. Library) 2004-07Dennis Williams (Pharmacy) 2004-07

Grad Student: (Not yet appointed)Undergraduate students:Eve Carson 2006-07Uzma Panjwani 2006-07Aaron White 2006-07

schol_committee@listserv.unc.edu (email for committee members as a group)

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

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)

All Students Receiving Any Aid: 2005-2006

Graduate/ Professional

Students5,112 (34%)

Undergraduate Students

10,008(66%)

Total: 15,120 Students Receiving Aid

Total Aid Disbursed to All Students, by Source 2005-2006 (In Millions)

Total: $210.1 (In Millions)

State: $16.9 (8%)

Federal: $115.4 (55%)Institutional &

Private: $77.8 (37%)

All Undergraduate Students: 2005-2006

Total: 16,764 Undergraduate Students

Aided Needy Students 5,458 (33%)

Non-Aided Students 6,756

(40%)

Aided Non-Needy Students

4,550 (27%)

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 with need $53,753

Average parental income, Covenant Scholars $22,730

(Average family size was 4 throughout)

Trends in Percentage of Needy Undergraduate

Students at UNC-Chapel Hill

Year

Need Based Aid Recipients

n %

2000-2001 4,344 28%

2001-2002 4,543 29%

2002-2003 4,911 31%

2003-2004 5,301 33%

2004-2005 5,563 34%

2005-2006 5,458 33%

Trends in Type of Aid Distributed to Needy

Undergraduate StudentsYear

Grants & Scholarships Loans Work-Study

2000-2001 57% 42% 1%

2001-2002 63% 34% 3%

2002-2003 63% 35% 2%

2003-2004 62% 35% 3%

2004-2005 63% 35% 2%

2005-2006 64% 34% 2%

Typical Financial Aid Package for Aid-Eligible Undergraduates Applying by March 1st

2005-2006

Loans (33%)

Work-Study

(2%)

Grants & Scholarships

(65%)

Average Cumulative Loan Indebtedness

For Graduating Seniors who BorrowedAcademic

YearDollar

Amount

2000-01 $11,156

2001-02 $12,314

2002-03 $13,291

2003-04 $13,579

2004-05 $13,801

2005-06 $14,487

Ten Year Comparison of Scholarship and Financial Aid (Need and Non-Need-Based) Awards

All Students (Undergraduate, Graduate/Professional)

1996-1997 2005-2006*

Total Aid Awarded (in millions) $78.2 $210.1

Number of Students 11,091 15,120

Average Award $7,052 $13,942

Funds by Source

Federal 74% 55%

State 3 8

Institutional/Private 23 37

Funds by Type

Scholarships/Grants 28% 42%

Work-Study 1 1

Loans 71 57*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).