Access & Excellence at a Crossroads Annual Report of the Committee on Scholarships, Awards, and Student Aid April 2019 Jane Smith 5 mins:

Scholarships, Awards, and Student Aid Committee COMMITTEE CHARGE: 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.

And UNC Chapel Hill is really in front of that game. The colleges that still focus on high-performing low-income kids from their state are exceptionally important. And UNC Chapel Hill is really in front of that game. — Harold O. Levy President, Jack Kent Cooke Foundation

Which Colleges Give You the Best Value in WSJ/THE Rankings Sept. 2018 The University of North Carolina at Chapel Hill, No. 37 overall, is the No. 2 best-value school. Its Carolina Covenant ensures debt-free graduation for students whose families earn less than double the federal poverty level, just under $50,000 for a family of four last year, and other aid programs help even middle-income students. The school’s average net price was just over $10,000.

Financial Aid Brings the Strongest Students Top 10 Percent of High School Class Top 10 Rank in High School Class Valedictorian / Salutatorian

Financial Aid Defines Our Public Character First-Generation College Students Rural North Carolina Students

Sharp Graduation Rate Improvement Among Aided Students Four year graduation rates of all students have improved, but most dramatically among aid-eligible students And its not just the lowest income students, students across the income spectrum and from a wide variety of backgrounds have improved success with scholarships. That’s why there are multiple scholarship programs for the incentive program. Lets talk about them.. Covenant Other Needy Non-Needy

“Cap & Freeze" increased budget pressure $79.5 $74.5 $74.5 $75.2 $74.4 $74.4 With tuition revenue capped and supplemental funding flat, aid funding has effectively declined

Costs have outpaced aid funding Six-Year Change (14-15 to 19-20)

Undergraduate debt rising to meet costs

Strategic approaches to the funding challenge So far, we have: Re-assessed student costs, effectively reducing individual aid awards Stopped automatic funding of health insurance Reduced food budget to reflect maximum meal plan Dipped into reserves and reallocated private funding What’s next? Restrictions on Covenant eligibility Increasing loans for needy out-of-state students

The Campaign for Carolina FUNDING PRIORITY THE CAROLINA EDGE We intend to raise $1 billion specifically for undergraduate scholarships and graduate fellowships.

Aid and scholarships… in your class studentaid.unc.edu/without-aid

Questions? Jane Smith 5 mins: