Annual Update: Spring 2008 Charles E. Daye, Chair Committee on Scholarships, Awards, and Student Aid March 28, 2008

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 Kathy Moore (Nursing) Dennis Williams (Pharmacy) Grad Student: (Not yet appointed) Undergraduate students: Matthew Burton James Middleton ( 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” – 7 th year in a row 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: 15,327 Students Receiving Aid

Total Aid Disbursed to All Students, by Source (In Millions) Total: $219.0 (In Millions) State: $19.5 (9%) Federal: $116.4 (53%) Institutional & Private: $83.1 (38%)

All Undergraduate Students: Total: 17,124 Undergraduate Students Aided Needy Students 5,644 (33%) Non-Aided Students 6,851 (40%) Aided Non-Needy Students 4,629 (27%)

Aided Undergraduate Students, Enrolled undergraduates receiving any aid: 60% Average parental income (all aided dependent students) $78,955  Average for aided resident students $74,499  Average for aided non-residents $100,439 Enrolled undergraduates receiving need-based aid: 33% Average parental income, recipients with need $54,903 Average parental income, Covenant Scholars $24,430 (Average family size was 4 throughout)

Aided Undergraduate Students, Enrolled undergraduates receiving any aid: 60% Median parental income (all aided dependent students) $68,020  Median for aided resident students $64,884  Median for aided non-residents $86,466 Enrolled undergraduates receiving need-based aid: 33% Median parental income, recipients with need $50,283 Median parental income, Covenant Scholars $22,113 (Average family size was 4 throughout)

Trends in Percentage of Needy Undergraduate Students at UNC-Chapel Hill Year Need Based Aid Recipients n% ,54329% ,91131% ,30133% ,56334% ,45833% ,64433%

Trends in Type of Aid Distributed to Needy Undergraduate Students Year Grants & Scholarships LoansWork-Study %34%3% %35%2% %35%3% %35%2% %34%2% %30%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, $14, $14,912

Ten Year Comparison of Scholarship and Financial Aid (Need and Non-Need-Based) Awards All Students (Undergraduate, Graduate/Professional) * Total Aid Awarded (in millions)$98.4 $218.9 Number of Students11,001 15,327 Average Award$8,942 $14,289 Funds by Source Federal61%53% State59 Institutional/Private3438 Funds by Type Scholarships/Grants38%43% Work-Study11 Loans6156 *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 21,2008).