The Future of Student Aid Sandy Baum Skidmore College and The College Board MASFAP March 2009.
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Transcript of The Future of Student Aid Sandy Baum Skidmore College and The College Board MASFAP March 2009.
![Page 1: The Future of Student Aid Sandy Baum Skidmore College and The College Board MASFAP March 2009.](https://reader035.fdocuments.us/reader035/viewer/2022062517/56649f2a5503460f94c443a6/html5/thumbnails/1.jpg)
The Future of Student Aid
Sandy BaumSkidmore College and The College Board
MASFAPMarch 2009
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Published Tuition and Fees and Room and Board (TFRB) Compared to TFRB Net of
Average Grant and Education Tax Benefits per Full-Time Undergraduate Student,
in Constant (2008) Dollars, 1993-94, 1998-99, 2003-04 and 2008-09
Notes: Net tuition and fees are calculated by subtracting estimated average grant aid plus tax benefits per full-time student in the sector from the published price. Aggregate aid amounts are from Trends in Student Aid 2008. Division of total aid across sectors and between full-time and part-time students is based on the NPSAS, 1993 through 2004.
Source: The College Board, Trends in College Pricing 2008
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Ten-Year Trend in Student Aid and Nonfederal Loans Used to Finance
Postsecondary Education Expenses in Constant (2007) Dollars (in Billions), 1997-
98 to 2007-08
Source: The College Board, Trends in Student Aid 2008
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Average Aid per Graduate FTE in Constant (2007) Dollars,
1990-91 to 2007-08
Source: The College Board, Trends in Student Aid 2008
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Undergraduate Student Aid by Source (in Billions), 2007-08
Nonfederal loans are not included since they involve no subsidy of any kind and are not actually a form of financial aid.
Source: The College Board, Trends in Student Aid 2008
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Obama Budget Proposals
Pell Grants
Increase maximum Entitlement Maximum grows CPI + 1%
To do: Application process Simplify formula Work penalty
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Total Pell Expenditures (in Millions), Maximum Pell Grant and Average Pell Grant in Constant (2007) Dollars, and Number of
Recipients (in Thousands), 1973-74 to 2007-08
Sources: The Federal Pell Grant Program End of Year Report, 2006-07; The College Board, Trends in Student Aid 2008
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Obama Budget Proposals
Student Loans Restructure Perkins Already higher Stafford unsub limits To Do: Repayment protection Targeting subsidies
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Proportion of Undergraduate Students Borrowing
Federal Stafford Loans, 1997-98, 2002-03, and 2007-08
Sources:. Loan data are from the U.S. Department of Education, Office of Postsecondary Education, and the National Student Loan Data System (NSLDS).
The College Board, Trends in Student Aid 2008
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Distribution of Federal Aid Funds by Sector, 2006-07
Note: Components may not sum to 100% due to rounding.
Source: The College Board, Trends in Student Aid 2008
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Distribution of Full-Time Equivalent (FTE) Enrollment, Fall 2006
Note: FTE enrollment is based on a formula that counts a part-time student as approximately one-third of a full-time student. Total FTEs include both graduate and undergraduate students.
Source: Integrated Postsecondary Education Data System.
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Obama Budget Proposals
Success Grants
Other to do: Low-income savings program? Simplification, early information,
coordination
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