SVSU Common Data Set - 2002-2003

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H. FINANCIAL AID

Aid Awarded to Enrolled Undergraduates

H1. Enter total dollar amounts awarded to full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in CDS Question B1, “total degree-seeking” undergraduates) in the following categories. Include aid awarded to international students (i.e., those not qualifying for federal aid). Aid that is non-need-based but that was used to meet need should be reported in the need-based aid columns. (For a suggested order of precedence in assigning categories of aid to cover need, see the definitions section.)

Indicate academic year for which data are reported:actual  -2001-2002 final (Fall 2001 cohort)

 

 

Need-based

Non-need-based

 

$

$

Scholarships/Grants

   

 Federal

3,996,028

98,596.15

 State

727,206.00

1,910,133.87

 Institutional (endowment, alumni,  or other institutional awards) and external funds awarded by the collegeexcluding athletic aid and tuition waivers (which are reported below)

456,899

2,787,247.34

Scholarships/grants from external sources (e.g., Kiwanis, NMSQT) not awarded by the college

 

949,314

  Total Scholarships/Grants

5,180,133

5,745,291.85

Self-Help

   

 Student loans from all sources

6,711,338.00

7,951,403.00

 Federal Work-Study

263,036.92

 

 State and other work-study/employment

82,967.52

 

   Total Self-Help

7,057,342.40

7,951,403.00

Parent Loans
 

487,707.40

Tuition waivers

 
237,684.23

Athletic awards

 
665,268.41

 

Number of Enrolled Students Receiving Aid

H2. List the number of degree-seeking full-time and less-than-full-time undergraduates who applied for and received financial aid. Aid that is non-need-based but that was used to meet need should be counted as need-based aid. Numbers should reflect the cohort receiving the dollars reported in H1.

Note: In the chart below, students may be counted in more than one row, and full-time freshmen should also be counted as full-time undergraduates.

 

Need-based awards

First Time Full Time Freshman

Full-time Undergrad (inc. fresh)

Less than full time undergrad

a) Number of degree-seeking undergraduate students (CDS Item B1 if reporting on Fall 2001cohort)

1,044

4,956

2,092

b) Number of students in line a who were financial aid applicants (include applicants for all types of aid)

999

4,389

1,256

c) Number of students in line b who were determined to have financial need

533

2,501

602

d) Number of students in line c who received any financial aid

412

1,727

443

e) Number of students in line d who received any need-based gift aid

412

1,727

443

f) Number of students in line d who received any need-based self-help aid

179

1,097

285

g) Number of students in line d who received any non-need-based gift aid

288

672

42

h) Number of students in line d whose need was fully met (exclude PLUS loans and private alternative loans).

164

598

83

i) On average, the percentage of need that was met of students who received any need-based aid. Exclude any resources that were awarded to replace EFC (PLUS loans and private alternative loans).

 

80%

 

76%

 

62%

j) The average financial aid package of those in line d. Exclude any resources that were awarded to replace EFC(PLUS loans and private alternative loans.)

$5,472.99

$3,576.09

$500

k) Average need-based gift award of those in line d who received a need-based gift award

$2,043.92
$1,841.85
$1,289.54

l) Average need-based self-help award (excluding PLUS loans and private alternative loans) of those in line d who received need-based self-help

$2,146.94
$3,194.69
$3,167.13

m) Average need-based loan (excluding PLUS loans and private alternative loans) of those in line d who received a need-based loan

$2,146.94
$3,194.69
$3,167.13

 

Non-need-based awards

First-time Full-time Freshmen

Full-time Undergrad

Inc. fresh.

Less than

Full-time

undergrad

n) Number of students in line a who had no financial need who received non-need-based aid (exclude those receiving athletic awards and tuition benefits)

 

 

 

o) Average award to students in line (n)

 

 

 

p) Number of students in line who received a non-need-based athletic award

 

 

 

q) Average non-need-based athletic award to those in line (p)

 

 

 

H3: Which needs-analysis methodology does your institution use in awarding institutional aid?

_X_ Federal methodology (FM)

___  Institutional methodology (IM)

___  Both FM and IM

H4. Percent of 2001graduating undergraduate class who have borrowed through any loan programs (federal, state, subsidized, unsubsidized, private etc.; exclude parent loans). Include only students who borrowed while enrolled at your institution. __89_%

H5. Average per-borrower cumulative undergraduate indebtedness of those in line H4; do not include money borrowed at other institutions: $_16,418.82_

Aid to Undergraduate International Students

H6.  Indicate your institution’s policy regarding financial aid for undergraduate international (nonresident alien) students:

 

 College-administered need-based financial aid is available for undergraduate international students
X‌ College-administered non-need-based financial aid is available for undergraduate international students
 College-administered financial aid is not available for undergraduate international students

If college-administered financial aid is available for undergraduate international students, provide the number of undergraduate international students who received need- or non-need-based aid: _221_

Average dollar amount awarded to undergraduate international students: $ _866.34

Total dollar amount of financial aid from all sources awarded to all undergraduate international students:$173,268.21

Process for First-Year/Freshman Students

H7. Check off all financial aid forms domestic first-year (freshman) financial aid applicants must submit:

 

X FAFSA State Aid Form
 Institution's own financial aid form  Non-custodial (Divorced/Separated) Parent's Statement
 CSS/Financial Aid Profile  Other:
 Business/Farm Supplement

H8. Check off all financial aid forms international (nonresident alien) first-year financial aid applicants must submit:

 

 

 Institution's own financial aid form
 CSS/Financial Aid PROFILE
 Foreign student's financial aid application
Foreign student's certification of finances
 Other:

H9. Indicate filing dates for first-year (freshman) students:

Priority date for filing required financial aid forms: 2/14

Deadline for filing required financial aid forms: _____________

No deadline for filing required forms (applications processed on a rolling basis):_____________

H10. Indicate notification dates for first-year (freshman) students:

Students notified on or about (date): _Late March__________

Students notified on a rolling basis: yes/no  If yes, starting date: Late March

H11. Indicate reply dates:

Students must reply by (date): __N/A___ or within _  10___ weeks of notification.

Types of Aid Available

Please check off all types of aid available to undergraduates at your institution:

H12. Loans

FEDERAL DIRECT STUDENT LOAN PROGRAM (DIRECT LOAN)

 

X‌ Direct Subsidized Stafford Loans </form>
X‌ Direct Unsubsidized Stafford Loans
 Direct Plus Loans

FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFEL) 

 

 FFEL Subsidized Stafford Loans
 FFEL Unsubsidized Stafford Loans
 FFEL PLUS Loans, unsubsidized loans
 Federal Perkins Loans
 Federal Nursing Loans
 State Loans
 College/University loans from institutional funds
 Other: (Specify)

H13. Scholarships and Grants

 

Need Based
X‌ Federal Pell
X‌ SEOG
X‌ State Scholarships/Grants
X‌ Private Scholarships
X‌ College/University gift aid from institutional funds
 United Negro College Fund
 Federal Nursing Scholarships
X‌ Other (Specify):

H14. Check off criteria used in awarding institutional aid. Check all that apply.

 

Non-need

Need-based

 

Non-need

Need-based

 

X

 

Academics

   

Leadership

 

 

Alumni affiliation

   

Minority status

X
 

Art

   

Music/drama

X

 

Athletics

   

Religious affiliation

   

Job skills

 

X

State/district residency

   

ROTC

 

-------

 

 


Financial aid definitions

Financial aid applicant: Any applicant who submits any one of the institutionally required financial aid applications/forms, such as the FAFSA.

Indebtedness: Aggregate dollar amount borrowed by the student.

Institutional and external funds: Endowment, alumni, or external monies for which the institution determines the recipient and the dollar amount awarded.

Financial need: As determined by your institution using the federal methodology and/or your institution's own standards.

Need-based aid: College-funded or college-administered award from institutional, state, federal, or other sources for which a student must have financial need to qualify. This includes both institutional and noninstitutional student aid (grants, jobs, and loans).

Need-based gift aid: Scholarships and grants from institutional, state, federal, or other sources for which a student must have financial need to qualify.

Non-need-based gift aid: Scholarships and grants, gifts, or merit-based aid from institutional, state, federal, or other sources (including unrestricted funds or gifts and endowment income) awarded solely on the basis of academic achievement, merit, or any other non-need-based reason. When reporting questions H1 and H2, non-need-based aid that is used to meet need should be counted as need-based aid.

Note: Suggested order of precedence for counting non-need money as need-based:

Non-need institutional grants

Non-need tuition waivers

Non-need athletic awards

Non-need federal grants

Non-need state grants

Non-need outside grants

Non-need student loans

Non-need parent loans

Non-need work

Scholarships/grants from external sources: Monies received from outside (private) sources that the student brings with them (e.g., Kiwanis, NMSQT scholarships). The institution may process paperwork to receive the dollars, but it has no role in determining the recipient or the dollar amount awarded.

Self-help aid: Need-based loans and jobs up to the level of institutionally determined need.

Work study and employment: Federal and state work study aid, and any employment packaged by your institution in financial aid awards.

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