Financial Impacts on The State System By Vivak Patel

What is Unmet Need? Example of Unmet need Aid Type Fall 2012 Pell Grant  $             5,550  PHEAA Grant  $             3,700  Stafford Loan  $             5,500  Parent Plus Denial  $             4,000  Maximum Aid without Parent Plus  $           14,750  Maximum Aid with Parent Plus Denial  $           18,750  Example of Unmet need In 2012 Millersville’s On-campus cost was $17,434. 0 EFC family would have to complete a Parent Plus loan to obtain a $1,316 refund check (Parent Plus Denial) Without a Parent Plus Denial. Student would owe out of pocket $2684 for the year

How has Federal and State Aid Changed 2012-2018?

How has Tuition Changed from 2012 to 2018?

What is the Financial Gap and How has it Changed from 2012-2018?

Reduction in PELL students within Freshmen Cohorts 2012-2016

Have our 2nd year Persistence Rates changed with Pell students? University Change in 2nd Year Persistence Fall 2012-2016 Bloomsburg -15% Mansfield -5% Millersville -6% Shippensburg -8% Slippery Rock -3% West Chester

Are Students Borrowing more?

How Many Students are Affected by Recent Changes to Tuition University Percent Pell Percent Receiving Need Based Aid Edinboro 44% 72% Mansfield 43% California U. 40% 63% Clarion 39% 68% Lock Haven 38% East Stroudsburg 37% IUP 67% Kutztown 34% 60% Bloomsburg 32% 54% Shippensburg 58% Slippery Rock 31% Millersville 30% West Chester 25%

Potential Impacts  Inability to obtain their classroom textbooks, increased stress/anxiety, food insecurity Decrease in Underrepresented population Decrease in 4-year graduation rates Increased Bad Debt and Increased percentage of students with outstanding balances Policies and procedures