Financial Aid Comprehensive Report - 2012
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West Virginia Higher Education Policy Commission and West Virginia Community and Technical College System 1018 Kanawha Boulevard, East Suite 700 Charleston, West Virginia 25301 www.hepc.wvnet.edu www.wvctcs.org WEST VIRGINIA FINANCIAL AID COMPREHENSIVE REPORT - 2012 West Virginia Higher Education Policy Commission and West Virginia Community and Technical College System West Virginia Higher Education Policy Commission and West Virginia Community and Technical College System FINANCIAL AID COMPREHENSIVE REPORT - 2012 West Virginia Higher Education Policy Commission Chancellor Paul L. Hill West Virginia Community and Technical College System Chancellor James L. Skidmore FINANCIAL AID Comprehensive Report - 2012 West Virginia Higher Education Policy Commission and West Virginia Community and Technical College System TABLE OF CONTENTS Introduction 1 West Virginia Financial Aid Program Descriptions 4 West Virginia Financial Aid Program Changes 7 Providing Real Opportunities to Maximize In-State Student Excellence (PROMISE) Scholarship 9 Higher Education Grant Program (HEGP) 20 Higher Education Adult Part-Time Student (HEAPS) Grant 32 Underwood-Smith Teacher Scholarship 37 Engineering, Science and Technology Scholarship (ESTS) 39 Medical Student Loan Program 42 Policy Reflections and Recommendations 43 Appendix 44 List of Tables Total PROMISE Recipients, Awards, and Average Award, 2006-07 to 2010-11 9 Total PROMISE Recipients and Awards by Institution, 2010-11 9 PROMISE Recipients at Public Institutions as a Percentage of Undergraduate, In-State Enrollment, 11 2006-07 to 2010-11 First-Time PROMISE Recipients at Public Institutions as a Percentage of First-Time Freshman, In-State 12 Enrollment, 2006-07 to 2010-11 Demographic Characteristics of PROMISE Recipients at Public Institutions, 2006-07 to 2010-11 13 PROMISE Recipients at Public Institutions as a Percentage of County Undergraduate Enrollment, 2010-11 14 First-Year PROMISE Recipients as a Percentage of County High School Graduates, 2010-11 15 First-Year PROMISE Recipients by Family Adjusted Gross Income, 2006-07 to 2010-11 16 Number and Percentage of PROMISE Scholars also Receiving HEGP, 2006-07 to 2010-11 16 Qualification and Yield Rate of High School Seniors for PROMISE Awards, 2006-07 to 2010-11 17 First-Year, Fall PROMISE Scholars Retaining Scholarship in Subsequent Fall Terms, 2005-06 to 2010-11 17 Four-, Five-, and Six-Year Bachelor’s Degree Rates of First-Time, Full-Time PROMISE Scholars at 18 at Public Four-Year Institutions, Fall Cohorts 2004-2008 Two-, Three-, and Four-Year Associate’s Degree Rates of First-Time, Full-Time PROMISE Scholars at 19 Public Two-Year Institutions, Fall Cohorts 2005-2009 Two-, Three-, and Four-Year Rates of Transfer to Four-Year Institutions by First-Time, Full-Time PROMISE Scholars 19 at Public Two-Year Institutions, Fall Cohorts 2005-2009 Total HEGP Recipients, Awards, and Average Award, 2006-07 to 2010-11 20 Total HEGP Recipients and Awards by Institution, 2010-11 21 HEGP Recipients at Public Institutions as a Percentage of Undergraduate, In-State Enrollment, 2006-07 to 2010-11 22 First-Time HEGP Recipients at Public Institutions as a Percentage of First-Time Freshman, In-State 23 Enrollment, 2006-07 to 2010-11 Demographic Characteristics of HEGP Recipients at Public Institutions, 2006-07 to 2010-11 24 First-Time HEGP Recipients by Student Level, 2006-07 to 2010-11 25 HEGP Recipients as a Percentage of County Undergraduate Enrollment at Public Institutions, 2010-11 26 First-Year HEGP Recipients as a Percentage of County High School Graduates, 2010-11 27 HEGP Recipients by Family Adjusted Gross Income, 2006-07 to 2010-11 28 Yield Rate of HEGP Awardees 2006-07 to 2010-11 29 First-Year HEAP Awardees Receiving Awards in Subsequent Fall Terms, 2006-07 to 2010-11 29 Four-, Five-, and Six-Year Bachelor’s Degree Rates of First-Time, Full-Time HEGP Students at Public 30 Four-Year Institutions, Fall Cohorts 2004-2008 Two-, Three-, and Four-Year Associate’s Degree Rates of First-Time, Full-Time HEGP Students at Public 31 Two-Year Institutions, Fall Cohorts 2005-2009 Two-, Three-, and Four-Year Rates of Transfer to Four-Year Institutions by First-Time, Full-Time HEGP Students 31 at Public Two-Year Institutions, Fall Cohorts 2005-2009 FINANCIAL AID Comprehensive Report - 2012 West Virginia Higher Education Policy Commission and West Virginia Community and Technical College System Total HEAPS Part-Time Enrollment Component Recipients, Awards, and Average Award, 2006-07 to 2010-11 32 Total HEAPS Part-Time Component Recipients and Awards by Institution, 2010-11 33 Demographic Characteristics of HEAPS Part-Time Component Recipients at Public Institutions, 2006-07 to 2010-11 34 HEAPS Part-Time Enrollment Component Recipient Income, Award Amount, and Degree Sought, 35 2006-07 to 2010-11 Total HEAPS Workforce Development Component Recipients, Awards, and Average Award, 2006-07 to 2010-11 36 Total HEAPS Workforce Development Component Recipients and Awards by Institution, 2010-11 36 Total Underwood-Smith Teacher Scholarship Recipients, Awards, and Average Award 2006-07 to 2010-11 37 Total Underwood-Smith Teacher Scholarship Recipients by Institution, 2006-07 to 2010-11 38 Demographic Characteristics of Underwood-Smith Recipients at Public Institutions, 2006-07 to 2010-11 38 Underwood-Smith First-Time Recipients and Percent Cancelling Obligation through Teaching Service, 39 2005-06 to 2009-10 Total Engineering, Science and Technology Scholarship Recipients, Awards, and Average Award, 2006-07 to 2010-11 39 Total Engineering, Science and Technology Scholarship Recipients by Institution, 2006-07 to 2010-11 40 Demographic Characteristics of Engineering, Science and Technology Scholarship Recipients at Public Institutions, 41 2006-07 to 2010-11 Engineering, Science and Technology Scholarship First-Time Recipients and Percent Cancelling Obligation through 42 In-State Employment, 2005-06 to 2009-10 Medical Student Loan Program Awards, Total Funds Disbursed, Cancellation and Default Rate, 2006-07 to 2010-11 42 List of Figures PROMISE Recipients at Public Institutions as a Percentage of County Undergraduate Enrollment, 2010-11 14 First-Year PROMISE Recipients as a Percentage of County High School Graduates, 2010-11 15 HEGP Recipients at Public Institutions as a Percentage of County Undergraduate Enrollment, 2010-11 26 First-Year HEGP Recipients as a Percentage of County High School Graduates, 2010-11 27 Appendix Table A. Institution Percentage of Total PROMISE Recipients, 2006-07 to 2010-11 44 Table B. PROMISE Recipients at Public Institutions by County, 2006-07 to 2010-11 45 Table C. Institution Percentage of Total HEGP Recipients, 2006-07 to 2010-11 47 Table D. HEGP Recipients at Public Institutions by County, 2006-07 to 2010-11 48 Table E. Institution Percentage of Total HEAPS Part-Time Enrollment Component Recipients, 2006-07 to 2010-11 50 Table F. Institution Percentage of Total HEAPS Workforce Development Component, 2006-07 to 2010-11 51 Table G. Underwood-Smith Teacher Scholarship Recipients at Public Institutions by County, 2006-07 to 2010-11 52 Table H. Engineering, Science and Technology Scholarship Recipients at Public Institutions by County, 54 2006-07 to 2010-11 Page 1 INTRODUCTION This report represents the fourth annual Financial Aid Comprehensive Report, which is required by Senate Bill 373 passed during the 2009 legislative session. It contains (a) descriptions of and changes to West Virginia aid programs, (b) longitudinal data about recipients of financial aid in the state and outcomes of these recipients, (c) policy recommendations for West Virginia aid programs. In the past, the Financial Aid Comprehensive Report has included general information about federal financial aid; this information and new longitudinal data about recipients of federal financial aid attending institutions in West Virginia are being provided in a separate volume entitled Financial Aid Comprehensive Report Federal Supplement . It should be noted that the data presented are for the 2010-11 academic year; financial aid data for the 2011-12 academic year are currently being submitted by institutions and are not available at the time of publication. Changes in West Virginia The Higher Education Student Financial Aid Advisory Board met three times in 2011-12 and made recommendations to the West Virginia Higher Education Policy Commission regarding the academic criteria necessary to receive the Providing Real Opportunities to Maximize In-State Student Excellence (PROMISE) Scholarship, the PROMISE award amount, and the Higher Education Grant Program (HEGP) award structure. The Advisory Board has one current subcommittee working on recommendations regarding the administration of the Higher Education Adult Part-Time Student (HEAPS) Grant. At the conclusion of the 2012-13 academic year, the last full class of PROMISE recipients who were eligible for full tuition and mandatory fees will have utilized their four years of eligibility. Starting with the 2013-14 academic year the PROMISE Scholarship Program will realize the full savings of 2009 Senate Bill 373 where the award amount was set at a floor of $4,750. While the academic criteria necessary to receive the award have not changed since 2007- 08, the future fiscal outlook of the state requires the Higher Education Student Financial Aid Advisory Board to review policy options to prepare for the possibility of a budget surplus in the PROMISE program but also to develop policy recommendations if there is a budget deficit. The HEGP has been able to increase the maximum award over the last three years from $2,100 in 2010-11 to $2,500 in 2012-13. While this is still below the maximum award amount of $3,300 in 2009-10, the HEGP has been able to serve almost twice as many students each year since the award amount was decreased. For 2012-2013, the HEGP was able to serve students with an Expected Family Contribution (EFC) up to 10,000. There was also a five percent allocation for non-traditional students who are 25 years and older, never received the HEGP before, and filed their Free Application for Federal Student Aid (FAFSA) by July 1, with a secondary deadline of July 31 for non-traditional filers.