1. IUPUI Institutional Scholarship Program Used for High-ability In-State Student Recruitment 12/16/14 Dr. Rebecca Porter Executive Director, Enrollment Management Beth Barnette Knight Director, Office of Student Scholarships 1

2. This presentation will include the following :  Summarize consultant findings and recommendations  Present new scholarship plan based on consultant’s recommendations  Review recruitment scholarships in the context of overall enrollment  Examine budget requirements for new scholarships including budget and timeline for phasing out current admission-based programs 2

3. After a thorough analysis of IUPUI predictors of enrollment, including price sensitivity and academic profile, Maguire reported the following findings:  Pipeline growth has been strong, especially with students of desirable academic quality. Consultant’s Findings 3

4.  IUPUI has been very successful at increasing enrollment and academic quality while maintaining yield. This is something to be proud of as yield often declines as quality increases.  Depending on institutional goals and priorities, IUPUI has the opportunity to be more strategic with its institutional aid. 4

5. Consultant’s Recommendations  Revenue can be enhanced by increasing awards to middle & middle-high quality students while reducing awards to the highest quality students.  Students with SAT scores between 1150 and 1250 are an area of opportunity for modifying institutional aid expenditures to increase enrollment and quality  IUPUI could control expenses by reducing awards to some higher quality students by either increasing the eligibility criteria for the Chancellor’s Scholarship or by offering fewer awards. 5

6.  IUPUI awards a smaller percentage of entering first-time, full-time undergraduate students aid than peer institutions (IUPUI ranked 11 of 13).  IUPUI spends less on institutional aid than most of its peers (IUPUI ranked 11 of 13).  IUPUI spends below the average per student on institutional aid (IUPUI ranked 10 of 13). Peer Institution Comparison 6

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8. Estimated Undergraduate Institutional Aid for AY2014-15 8

9. Estimated Undergraduate Institutional Aid by General Category for AY2014-15 9

10. Phasing Out Current Scholarship Programs It is important to note that irrespective of any changes being made to the in-state scholarship recruitment programs, IUPUI has still made a previous commitment to approximately 1,700 scholars whose scholarships will not phase out until AY 2019. 10

11. The following in-state admission-based scholarship structure was developed in keeping with the recommendations provided by Maguire Associates. Changes to IUPUI In-state Scholarship Programs Based on Maguire Reports 11

12. IUPUI Academic Excellence Scholarships $3,000/yr for 4 years A pply for admission by February 1 Minimum H.S. GPA of 3.5 (on a 4.0 scale) Minimum SAT 1150 or ACT 25 Provides 13.6% towards the $22K current annual average cost of attendance at IUPUI Replaces the Academic Honors Scholarship New Admission-Based Scholarships 12

13. IUPUI Distinguished Scholarships $6,000/yr for 4 years Apply for admission by February 1 Minimum H.S. GPA of 3.75 (on a 4.0 scale) Minimum 1250 SAT or 28 ACT Provides 22.7% towards the $22K current annual average cost of attendance at IUPUI Replaces the Dean of Faculties Scholarship New Admission-Based Scholarships 13

14. IUPUI Chancellor Scholarships $8,000/yr for 4 years – $6,000 from admission based Distinguished Scholarship – $2,000 based on selection to receive the Chancellor Scholarship Apply for admission by November 15 Minimum H.S. GPA of 3.75 (on a 4.0 scale) Minimum 1250 SAT or 28 ACT score Must apply for this scholarship (Only 150 awards made annually) Provides 45.5% towards the $22K current annual average cost of attendance Students who receive the Chancellor’s Scholarship are automatically admitted to the IUPUI Honors College Move Chancellor Scholarship to a Competitive Award Process 14

15. New Scholarship Budget 16-17 AY - $8,830,000 1,695 Scholars -8% total enrollment 415/4100 Incoming Freshmen (10%) 17-18 AY - $9,047,000 1,689 Scholars - 7% total enrollment 465/4200 Incoming Freshmen (11%) 18-19 AY - $9,208,000 1,689 Scholars – 7% total enrollment 521/4300 Incoming Freshmen (12%) 19-20 AY - $9,402,000 1,734 Scholars – 7% total enrollment 584/4400 Incoming Freshmen (13%) 15

16.  It was recommended that the campus not decrease the overall budget for institutional aid at IUPUI.  The proposal accepted appropriately realigns and redistributes scholarship funding to accomplish the campus enrollment goals.  The proposal accepted modestly increases the overall amount spent on in-state recruitment scholarships by less than $1M ($873,000) over the next 5 years. Changes to IUPUI In-state Scholarship Budget Based on Maguire Reports 16

17. Additional Funding Required for New Scholarship Structure 17 15-16 AY16-17 AY17-18 AY18-19 AY19-20 AY Est. Base$4,200,000$4,273,500$4,348,286$4,691,693$7,369,052 Add’l Base00$262,714$2,550,619$2,032,948 Cash Fill$4,329,000$4,556,500$4,436,000$1,965,9740 Total$8,529,000$8,830,000$9,047,000$9,208,000$9,402,000