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Financial Aid Quick Facts

Quick Facts 2016-2017 Financial Aid Recipients

Full-Time, First-Time in College (FT-FTIC) Undergraduates Students

94% of full-time, first-time in college (FT-FTIC) cohort received some form of financial aid assistance compared to 85% for the 2015-2016 award period. Of those who received awards, 56% were in-state residents. The expected family contribution was less than $10,000 for 55% of these students. In-state students received more need-based aid than out-of-state students, but they had a lesser financial portion of their need met (58%) when compared to their out-of-state counterparts (73%).

  • 94% of all in-state students and 95% of all out-of-state received aid of any type.
  • 29% of the FT-FTIC cohort received Federal Pell Grant awards.
    • 41% of FT-FTIC in-state students received Pell Grants versus 14% of out-of-state students.
  • Of students who applied for need-based financial aid, and who were determined to have need, 59% of in-state students received a need-based scholarship or grant aid versus 23% out-of-state students.
  • Of students who applied for need-based financial aid, and who were determined to have need, 7% of in-state students had their financial need met by the need-based aid versus 13% of out-of-state students.
  • 55% of in-state award recipients had an estimated family contribution (EFC) of $10,000 or less, which is more than double that of out-of-state award recipients (22%).

Full-Time Undergraduate Students

The full-time undergraduate student profile is characterized by a large in-instate population. 83% of full-time undergraduate students received some form of financial aid assistance compared to the 81% for the 2015-2016 award period. Of those who received rewards, 81% were in-state residents. A large percent of in-state award recipients had an EFC of $10,000 or less—70% compared to the 23% of out-of-state award recipients. Similar the FT-FTIC student group, full-time undergraduate in-state students received more (54%) need-based aid than out-of-state students (20%), but they had less financial need met (54%) when compared to their out-of-state peers (68%).

  • 81% of all in-state students and 88% of all out-of-state students received aid of any type.
  • 36% of full-time undergraduates received Federal Pell Grant awards
  • 46% of in-state students received Pell Grants versus 14% of out-of-state students
  • Of students who applied for need-based financial, and who determined to have need, 54% of in-state students were awarded need-based financial aid, versus 20% of out-of-state students.
  • Of students who applied for need-based financial aid, and who were determined to have need, 6% of in-state students had their financial need met by the need-based aid versus 12% of out-of-state students.
  • 70% of in-state award recipients had an estimated family contribution of $10,000 or less vs. 23% for out-of-state award recipients

Summary

Overall, in-state undergraduate financial aid recipients have greater financial need than their out-of-state peers and fewer of them had their need met by need-based aid. Using estimated family contribution and Federal Pell Aid as simple indicators of financial need, in-state students cannot depend on family contributions for their education expenses as much as their out-of-state counterparts. Although Federal Pell awards help to provide much needed aid, total need-based financial aid award met only 54% of in-state student need compared to 68% for out-of-state peers. Overall, out-of-state students also had greater family financial support and fewer of them received Pell Grants.