Annual Update: Spring 2007 Charles E. Daye, Chair Committee 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.

Scholarships, Awards, and Student Aid Committee Name and DepartmentTerm Faculty/Staff Charles Daye, Chair (Law) Todd Austell (Chemistry) Georgette Dent (Medicine) Jean DeSaix (Biology) Carl Ernst (Religious Studies) Alfred Field (Economics) Stephanie Haas (SILS) Melissa Exum (Student Affairs)Ex officio Steve Farmer (Admissions)Ex officio Shirley Ort (Student Aid)Ex officio Celia Pratt (Aca. Affs. Library) Dennis Williams (Pharmacy) Grad Student: (Not yet appointed) Undergraduate students: Eve Carson Uzma Panjwani Aaron White ( for committee members as a

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: Total: 15,120 Students Receiving Aid

Total Aid Disbursed to All Students, by Source (In Millions) Total: $210.1 (In Millions) State: $16.9 (8%) Federal: $115.4 (55%) Institutional & Private: $77.8 (37%)

All Undergraduate Students: 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, 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% ,34428% ,54329% ,91131% ,30133% ,56334% ,45833%

Trends in Type of Aid Distributed to Needy Undergraduate Students Year Grants & Scholarships LoansWork-Study %42%1% %34%3% %35%2% %35%3% %35%2% %34%2%

Typical Financial Aid Package for Aid-Eligible Undergraduates Applying by March 1 st Loans (33%) Work-Study (2%) Grants & Scholarships (65%)

Average Cumulative Loan Indebtedness For Graduating Seniors who Borrowed Academic YearDollar Amount $11, $12, $13, $13, $13, $14,487

Ten Year Comparison of Scholarship and Financial Aid (Need and Non-Need-Based) Awards All Students (Undergraduate, Graduate/Professional) * Total Aid Awarded (in millions)$78.2 $210.1 Number of Students11,091 15,120 Average Award$7,052 $13,942 Funds by Source Federal74%55% State38 Institutional/Private2337 Funds by Type Scholarships/Grants28%42% Work-Study11 Loans7157 *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 Patterns change as data quality improves. Source: Office of Scholarships and Student Aid/Office of Institutional Research (February 27,2007).