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Financial Impacts on The State System
By Vivak Patel
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What is Unmet Need? Example of Unmet need Aid Type Fall 2012
Pell Grant $ 5,550 PHEAA Grant $ 3,700 Stafford Loan $ 5,500 Parent Plus Denial $ 4,000 Maximum Aid without Parent Plus $ 14,750 Maximum Aid with Parent Plus Denial $ 18,750 Example of Unmet need In 2012 Millersville’s On-campus cost was $17,434. 0 EFC family would have to complete a Parent Plus loan to obtain a $1,316 refund check (Parent Plus Denial) Without a Parent Plus Denial. Student would owe out of pocket $2684 for the year
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How has Federal and State Aid Changed 2012-2018?
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How has Tuition Changed from 2012 to 2018?
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What is the Financial Gap and How has it Changed from 2012-2018?
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Reduction in PELL students within Freshmen Cohorts 2012-2016
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Have our 2nd year Persistence Rates changed with Pell students?
University Change in 2nd Year Persistence Fall Bloomsburg -15% Mansfield -5% Millersville -6% Shippensburg -8% Slippery Rock -3% West Chester
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Are Students Borrowing more?
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How Many Students are Affected by Recent Changes to Tuition
University Percent Pell Percent Receiving Need Based Aid Edinboro 44% 72% Mansfield 43% California U. 40% 63% Clarion 39% 68% Lock Haven 38% East Stroudsburg 37% IUP 67% Kutztown 34% 60% Bloomsburg 32% 54% Shippensburg 58% Slippery Rock 31% Millersville 30% West Chester 25%
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Potential Impacts Inability to obtain their classroom textbooks, increased stress/anxiety, food insecurity Decrease in Underrepresented population Decrease in 4-year graduation rates Increased Bad Debt and Increased percentage of students with outstanding balances Policies and procedures
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