1. Key Trends in Affordability AISGW Admissions Directors Meeting
May 26, 2016
Mark J. Mitchell
Vice President
SSS by NAIS

2. Key Trends “Wealthening” of the FA Applicant Pool
Shift away from Access For High Need Families
Slowdown in Need-Based Aid, Uptick in No-Need Aid
Dearth of High School Age Population
Moderate Income Growth Projected

3. Key National Trends in Affordability

4. Pace of Change,
Sources: Tuition data from NAIS DASL; Income data from US Census Bureau

5. Median Tuition as % of Income
Sources: Tuition data from NAIS DASL; Income data from US Census Bureau

6. Who’s Seeking Financial Aid?
Range of Total Family Income
Source: SSS By NAIS PFS Filer Pool. Reflects total income from all sources, before taxes or allowances, as reported by families on the PFS submitted.

7. Source: SSS By NAIS processing system database
Who’s Getting Financial Aid? Pct of Awards Made, by Income Quintile
Source: SSS By NAIS processing system database

8. DC Trend View: Affordability Indicators

9. Overall, AISGW tuitions up 60.2% while NAIS Day tuition grew by 55.2%

10. Overall, AISGW average grant grew more slowly than NAIS schools, 48
Overall, AISGW average grant grew more slowly than NAIS schools, 48.5% vs 53.7%

11. Overall, AISGW fin aid apps up 67
Overall, AISGW fin aid apps up 67.8% while NAIS Day aid apps grew by 45.3%

12. Overall, AISGW % of fin aid recips grew slightly faster than NAIS Day schools.

13. Overall, AISGW fin aid recips up 60
Overall, AISGW fin aid recips up 60.3% while NAIS day recips grew by 46.6%

14. Overall, AISGW spending growth outpaced NAIS day schools 123.6% to 118.1%

15. Overall, AISGW average % of budget to fin aid closely matched NAIS day sch median.

16. Overall, AISGW discount rate also closely matched NAIS day median; though it grew slower than NAIS in first 5 years, faster in past 5 years

17. Overall, AISGW has seen significant growth in the % of schools offering no-need awards

18. DC Trend View: Demographics and Incomes

19. Source: NAIS Demographic Center, Detail Trend Report, Wash DC CBSA
If you observe patterns that suggest a tip in the scales of who’s applying for and receiving aid, ask yourself some key questions about what those patterns mean. If, for example, almost half your aid is going to the highest-income earning families, is that an expected or intended outcome?
Source: NAIS Demographic Center, Detail Trend Report, Wash DC CBSA

20. Source: NAIS Demographic Center, Detail Trend Report, Wash DC CBSA
Median HH Income
2010
2015
2020
DC Metro
$91,963
$105,342
$115,040 US
$55,760
$63,336
$69,888
If you observe patterns that suggest a tip in the scales of who’s applying for and receiving aid, ask yourself some key questions about what those patterns mean. If, for example, almost half your aid is going to the highest-income earning families, is that an expected or intended outcome?
Source: NAIS Demographic Center, Detail Trend Report, Wash DC CBSA

21. Implications Competition for Students Set Goals/Assess Outcomes
Access, Diversity, Enrollment Mgmt
More Demand, More Complexity…Know Your Stuff!
If you observe patterns that suggest a tip in the scales of who’s applying for and receiving aid, ask yourself some key questions about what those patterns mean. If, for example, almost half your aid is going to the highest-income earning families, is that an expected or intended outcome?

22. Mark J. Mitchell
sss.nais.org