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College Affordability in Delaware

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Presentation on theme: "College Affordability in Delaware"— Presentation transcript:

1 College Affordability in Delaware
June 2017

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

3 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%

4 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

5 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

6 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

7 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

8 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

9 Delaware State University: Average Student Debt

10 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

11 Wilmington University: Average Student Debt

12 Wesley College: Average Student Debt

13 Delaware scholarship programs

14 FY 17 Scholarship Award

15 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

16 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

17 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)

18 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

19 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

20 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

21 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

22

23 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


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