1. INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships Michele J. Hansen, Executive Director Office of Student Data, Analysis, and Evaluation

2. IUPUI Need-Based Aid Strategies “ Get the right money to the right students in the right way at the right time” Make IUPUI affordable for low income and low-to- middle income Indiana families Link need-based aid programs with academic and social supports needed to promote persistence 1

3. State of Indiana Grant Programs 21 st Century Scholarships Frank O’Bannon Grant Program Higher Education Award See award chart at http://www.in.gov/sfa/files/2015- 2016_Frank_OBannon_Grid_2_23_15c.pdf 2

4. Federal Pell Grant and O’Bannon State Aid Data Analyses 3

5. Federal Pell Grant and O’Bannon Recipients 4

6. Pell Grant First-Time, Full-Time Beginners 5

7. Federal Pell, O’Bannon Only, and No Pell Pledge: Impact of Program Participation on Retention 6

8. Federal Pell, O’Bannon Only, and Pell Pledge: Impact of Program Participation on Retention 7

9. Pell and O’Bannon Recipients Unmet Financial Need and Outcomes Unmet Financial Need Academic Year Fall 2013 First--Time, Full-time In-State Beginners NOne-Year Retention IUPUI IN % GPA FY Below 2.00 FY GPA No Unmet Financial Need (FAFSA on file) 1080%0% 3.50 $1 to $1000 Unmet Need 1090%0% 3.20 >$1000 to $2000 Unmet Need 989%22% 2.68 >$2000 to $3000 Unmet Need 4674%15% 2.77 >$3000 to $4000 Unmet Need 3083%20% 2.89 >$4000 to $5000 Unmet Need 4869%13% 2.76 >$5000 to $6000 Unmet Need 5375%25% 2.57 >$6000 to $7000 Unmet Need 5767%21% 2.61 >$7000 to $8000 Unmet Need 6273%16% 2.66 >$8000 to $9000 Unmet Need 4461%34% 2.36 >$9000 to $10,000 Unmet Need 4356%28% 2.27 >$10,000 Unmet Need 15737%50% 1.86 Total 56961%28% 2.43 8

10. Decision Tree Analysis to Identify Unmet Need Cut- Off $8,536 (based on 2009-2013 Combined Years) 9

11. Federal Pell, O’Bannon Only, and No Pell Pledge FY Unmet Financial Need >=8,536 10

12. Federal Pell, O’Bannon Only, and No Pell Pledge FY Unmet Financial Need >=8,536 11

13. Students Highest Risk: Federal Pell Recipients, O’Bannon and High Levels of Unmet Financial Need In Fall 2013 there were 244 FT, FT Resident Beginners Receiving Pell Grants and O’Bannon Only with Levels of Unmet Need Greater than $8,000 One-Year Retention was 45% 12

14. What Are The Outcomes For Students Who Just Miss Pell Eligibility? Fall 2013 FT, FT Resident Beginners Annual EFC NRetained 1 Year Any IU Campus Retained 1 Year IUINA Campus Year 1 Cum GPA at Census Cum GPA one year below 2.0 No FAFSA on File 21075%68%2.8317% Qualify for Federal Pell Grant 140265%60%2.4428% EFC $1 to $999 over Pell Limit 9470%69%2.8019% EFC $1000 to $1999 Over Pell Limit 8274%73%2.8416% EFC $2000 to $2999 Over Pell Limit 8382%77%3.0011% EFC $3000 to $3999 Over Pell Limit 6070%65%2.7419% EFC $4000 to $4999 Over Pell Limit 6978%71%2.8618% EFC $5000 or more Over Pell Limit 106777%72%2.9115% Total 306771%66%2.6821% 13

15. Data-Supported Conclusions Students receiving Pell and O’Bannon may benefit from institutional aid plus programming Low income students (with low EFCs) but ineligible for Pell are not as high risk as Pell recipients Federal Pell recipients with O’Bannon and high levels of unmet financial need seem highest risk for attrition Federal Pell recipients with O’Bannon and unmet financial need levels above $8,000 may be a group to consider for institutional aid. Implementing an institutional grant that targets this cross-section of Federal Pell Grant and Indiana State O’Bannon Grant recipients (who are not currently linked to IUPUI retention programming) would create a win-win scenario for all. 14

16. Need-Based Aid Expansion at IUPUI IUPUI Pell Pledge Grant Expansion 15

17. In the Works Expand IUPUI Pell Pledge value to $2,000 maximum for all recipients in 2015-16 This award value increase matches IUPUI 21 st Century Scholar Grant Have identified 250 (estimated) new Pell-eligible freshman who do not receive state grants to receive the up to $2000 award Will utilize one-time School of Science funding and other funding sources currently committed to Pell Pledge over the next 3 years for renewal awards Would like this group to be purposefully linked to support programming Currently exploring with University College this population being targeted for coaching 16

18. IUPUI Pell Pledge Grant Expansion With $300K School of Science Funding IUPUI Pell Pledge Expansion Grant ($1,000) 15-16 AY Dollars (students) 16-17 AY Dollars (students) 20% growth 80% retention 17-18 AY Dollars (students) 22% growth 83% retention 18-19 AY Dollars (students) 24% growth 86% retention Freshman$140,000 (150)$180,000 (180)$220,000 (220)$273,000 (273) Sophomore $80,000 (75)$120,000 (120)$150,000 (150)$189,000 (189) Junior$70,000 (65)$64,000 (64)$100,000 (100)$129,000 (129) Senior$10,000 (10)$52,000 (52)$53,000 (53) $86,000 (86) Total$300,000 (300) $150,000 – institutional funding $150,000 – cash funding from Science $416,000 (416) $300,000 – institutional funding $116,000 – cash funding from Science $523,000 (523) $470,000 – institutional funding $34,000 – cash funding from Science $19,000 – cash from financial aid $677,000 (677) Institutional funding only 17

19. Need-Based Aid Expansion at IUPUI Shovel-Ready Proposal Number 1: The IUPUI O’Bannon Pledge Grant 18

20. Additional $500K (approximate) Annual Base Proposal for New Grants Add a new institutional grant (up to $2,000 maximum) that targets students who receive both Pell and O’Bannon called the “IUPUI O’Bannon Pledge Grant” This new award equals other institutional grant values and allows the university to link another at-risk population to critical retention programming 19

21. IUPUI O’Bannon-Pell Grant ($2000) 15-16 AY Dollars (students) 16-17 AY Dollars (students) 17-18 AY Dollars (students) 18-19 AY Dollars (students) 2016 Cohort $480,000 (240) $408,000 (204) $346,000 (173) $294,000 (147) 2017 Cohort $528,000 (264) $448,000 (224) $380,000 (190) 2018 Cohort $580,000 (290) $492,000 (246) 2019 Cohort $638,000 (319) Total $480,000 (240) $936,000 (468) $1,374,000 (687) $1, 804,000 (902) 20 * Based on 10% annual increase in cohort size and 85% retention rate IUPUI O’Bannon-Pell Grant Estimated Expenditures With New $480K Annual Commitment*

22. Need-Based Aid Expansion at IUPUI Shovel-Ready Proposal Number 2: Double the IUPUI O’Bannon Pledge Grant 21

23. Additional $1 million Annual Need-Based Aid Proposal ($4 million in 4 years) Double the number of candidates for the “IUPUI O’Bannon Pledge Grant” Limit awarding by identifying most at-risk group OR highest achieving group (dependent on priorities) Provide access to programming that aligns with ICHE grant awarded to IUPUI Consider lowering GPA renewal criteria to improve persistence 22

24. IUPUI O’Bannon Pledge Grant ($2,000) 15-16 AY Dollars (students) 16-17 AY Dollars (students) 20% frosh growth 80% annual retention 17-18 AY Dollars (students) 16% frosh growth 80% annual retention 18-19 AY Dollars (students) 12.5% frosh growth 80% annual retention Freshman $1,000,000 (500) $1,200,000 (600) $ 1,400,000 (700) $1,600,000 (800) Sophomore $0$800,000 (400) $960,000 (480) $1,120,000 (560) Junior $0 $640,000 (320) $768,000 (384) Senior $0 $512,000 (256) Total $1,000,000 (500) $2,000,000 (1000) $3,000,000 (1500) $4,000,000 (2000) 23 IUPUI O’Bannon Pledge Grant Proposal with new $1 million dollar commitment

25. Discussion 24