College Affordability in Delaware June 2017

Supports for Delaware Students $3.1 Million in state scholarships SEED and Inspire programs StandByMe-College Funding Project Scholarship Compendium 2016-17 Stand By Me had 192 events

90% of FAFSA Completers Enroll in College   # Completed FAFSAs # of Students % Completion 16-17 seniors overall 4950 9036 54.7% 15-16 4034 9171 43.9% College-Ready students 1983 2382 83.2% 1578 1918 82.2% College-Potential students 1404 2040 68.8% 1576 2306 68.3%

What is the Net Price of College in Delaware? Total Cost of Attendance Average federal/state/local government aid Average institutional grant/scholarship Net Price of College The US Department of Education requires NET PRICE CALCULATOR NEXT SLIDES: Show net price for Delaware students attending public/private institutions

Net Price- 4 Year Public Universities University of Delaware Net Price is for one year Data pulled from college navigator on the National Center for Education Statistics website For some institutions it varies by income bracket for others it does not Median Income for Delaware according to 2010 Census: $53,889 UD: $13,502 DSU: $17,300

Net Price- 4 Year Private Institutions Wilmington University Wesley College Wilmington: $15,937 Wesley: $23,790 Less than $10,000 difference between public and private 4 year institutions

Net Price-2 Year College Delaware Technical Community College DTCC: $8,457 Net price includes tuition, fees, and other related expenses for attending the institution such as books or housing

University of Delaware: Average Student Debt Next few slides will show you average student debt upon graduation for each institution Data is pulled from collegescorecard.ed.gov

Delaware State University: Average Student Debt

Delaware Technical Community College: Average Student Debt You can start to see that while our state aid does assist students, average student still graduates with some debt

Wilmington University: Average Student Debt

Wesley College: Average Student Debt

Delaware scholarship programs

FY 17 Scholarship Award

Memorial Scholarships Includes full tuition, fees, plus room and board to students attending eligible institution: Delaware State University University of Delaware B. Bradford Barnes Charles L. Hebner Herman M. Holloway

Professional Incentive Programs Delaware Teacher Corps (19) Christa McAuliffe (27) Nursing (7) Ada Leigh Soles Librarian (20) Speech/Language Pathologist (5) Optometry (5) Number of students in parentheses

Other State Funded Programs Diamond State Scholarship (224) Michael C. Ferguson Achievement Award (300) Educational Benefits for Children of Deceased Veterans and Others (1) Governor’s Education Grant for Working Adults (22)

State Grant Scholarship Incentive Program (819): considers both academic performance, financial need and is portable to eligible programs out of state 2.5 GPA Demonstrated Financial Need FAFSA completion Non-Renewable

Academic Common Market Sample of Popular Academic Common Market Schools   In-State Tuition and Fees Out-of-State Tuition and Fees Savings for Delaware Students West Virginia University $7,992 $22,488 $14,496 University of Kentucky $11,484 $26,334 $14,850 University of Alabama $10,470 $26,950 $16,480 University of South Carolina $11,454 $30,882 $19,428 Towson University $9,408 $21,076 $11,668

Academic Common Market There are approximately 400 Delaware students currently in the Academic Common market 104 students were certified as ACM eligible for 2016 Tuition savings for Delaware students in 2016 was $1,600,065.90 Average yearly savings per student in 2016 was $15,385.25

Resources for Delaware students In addition to scholarships and incentive programs Provide access to resources and supports for students, parents and school counselors to assist in planning and transition to college

www.DelawareGoesToCollege.org

Additional Resources Annual Scholarship Compendium (website/print, Spanish/English) Summer Checklists (grades 9-12) Senior Class Tours College Application Month (all Delaware application fees are waived) StandByMe financial aid workshops/FAFSA completion nights