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IUPUI Institutional Scholarship Program Used for High-ability In-State Student

Recruitment 12/16/14Dr. Rebecca Porter

Executive Director, Enrollment Management Beth Barnette Knight

Director, Office of Student Scholarships

This presentation will include the following :

Summarize consultant findings and recommendations Present new scholarship plan based on consultant’s

recommendations Review recruitment scholarships in the context of

overall enrollment Examine budget requirements for new scholarships

including budget and timeline for phasing out current admission-based programs

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After a thorough analysis of IUPUI predictors of enrollment, including price sensitivity and academic profile, Maguire reported the following findings:

Pipeline growth has been strong, especially with students of desirable academic quality.

Consultant’s Findings

Consultant’s Findings IUPUI has been very successful at increasing

enrollment and academic quality while maintaining yield. This is something to be proud of as yield often declines as quality increases.

Depending on institutional goals and priorities, IUPUI has the opportunity to be more strategic with its institutional aid.

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Consultant’s Recommendations Revenue can be enhanced by increasing awards to

middle & middle-high quality students while reducing awards to the highest quality students.

Students with SAT scores between 1150 and 1250 are an area of opportunity for modifying institutional aid expenditures to increase enrollment and quality

IUPUI could control expenses by reducing awards to some higher quality students by either increasing the eligibility criteria for the Chancellor’s Scholarship or by offering fewer awards.

IUPUI awards a smaller percentage of entering first-time, full-time undergraduate students aid than peer institutions (IUPUI ranked 11 of 13).

IUPUI spends less on institutional aid than most of its peers (IUPUI ranked 11 of 13).

IUPUI spends below the average per student on institutional aid (IUPUI ranked 10 of 13).

Peer Institution Comparison

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Total IUPUI Gift Aid* awarded in AY 2013-14 (* Gift Aid includes both scholarships and grants, institutional and

foundation-based, graduate and undergraduate aid at IUPUI)Athletic Scholarships -$2.4M

Graduate/Professional Fellowships -$6.5M

Graduate/Professional Scholarships -$1M

Graduate/Professional Foundation-based Scholarships -$5.5M

Undergraduate Foundation-based Scholarships (includes school-based awards) -$2.5M

Institutional Undergraduate School-based Scholarships - $3.5M

Institutional Grants (IUPUI 21st Century and Pell Pledge Grants) - $4.1M

Institutional Undergraduate Scholarships - $4M

Undergraduate Honor Awards (includes Bepko, Herbert Presidential, Plater and Chancellor) -$6.5M

7%

18%

3%

15%

7%

11%

11%

18%

10%

7%

Estimated Undergraduate Institutional Aid for AY2014-15

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4-year Undergraduate Admissions-based Scholarships (R) - $2.7M

4-year Undergraduate Admissions-based Scholarships (NR) - $1.2M

4-Year Undergraduate Grant (IUPUI 21st Century and Pell Pledge Grants) - $3M

1-year Undergraduate Grant - $700K

2-Year Competitive Scholarship (Trans-fer students) - $300K

4-year Honors (Chancellor -R) $4.5M

4-year Honors (Chancellor- NR) - $900K

4-year Honors (competitive - includes Bepko, Herbert Presidential and Plater Scholarships) - $2.3M

8%

2%

4%

29%

6%

15% 17%

19%

Estimated Undergraduate Institutional Aid by General Category for AY2014-15

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Merit-based 4-year Undergraduate Admissions-based Scholarships (R & NR) - $3.9M

Need-based 4-Year Undergraduate Grant (IUPUI 21st Century and Pell Pledge Grants) - $3M

Need-based 1-year Undergraduate Grant - $700K

Transfer Scholarships - $300K

Honors (4-Year Chancellor -R & NR) $5.4M

Honors - (4-year competitive - includes Bepko, Herbert Presidential and Plater Scholarships)- $2.3M

2%

ITransfer Scholarships

4%

35%

15%25%

19%

Merit-based Awards Associ-ated with the IUPUI Honors College

Merit-based Awards (Non-Hon-ors)

Need-basedAwards(Non-Hon-ors)

2%

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Phasing Out Current Scholarship Programs

It is important to note that irrespective of any changes being made to the in-state scholarship recruitment programs, IUPUI has still made a previous commitment to approximately 1,700 scholars whose scholarships will not phase out until AY 2019.

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• The following in-state admission-based scholarship structure was developed in keeping with the recommendations provided by Maguire Associates.

Changes to IUPUI In-state Scholarship Programs Based on Maguire Reports

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IUPUI Academic Excellence Scholarships • $3,000/yr for 4 years• Apply for admission by February 1 • Minimum H.S. GPA of 3.5 (on a 4.0 scale) • Minimum SAT 1150 or ACT 25 • Provides 13.6% towards the $22K current annual average

cost of attendance at IUPUI • Replaces the Academic Honors Scholarship

New Admission-Based Scholarships

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IUPUI Distinguished Scholarships • $6,000/yr for 4 years• Apply for admission by February 1 • Minimum H.S. GPA of 3.75 (on a 4.0 scale) • Minimum 1250 SAT or 28 ACT • Provides 22.7% towards the $22K current annual average cost

of attendance at IUPUI • Replaces the Dean of Faculties Scholarship

New Admission-Based Scholarships

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IUPUI Chancellor Scholarships • $8,000/yr for 4 years

– $6,000 from admission based Distinguished Scholarship– $2,000 based on selection to receive the Chancellor Scholarship

• Apply for admission by November 15 • Minimum H.S. GPA of 3.75 (on a 4.0 scale) • Minimum 1250 SAT or 28 ACT score • Must apply for this scholarship (Only 150 awards made annually) • Provides 45.5% towards the $22K current annual average cost of attendance • Students who receive the Chancellor’s Scholarship are automatically admitted

to the IUPUI Honors College

Move Chancellor Scholarship to a Competitive Award Process

New Scholarship Budget

16-17 AY - $8,830,000 1,695 Scholars -8% total enrollment415/4100 Incoming Freshmen (10%)

17-18 AY - $9,047,0001,689 Scholars - 7% total enrollment465/4200 Incoming Freshmen (11%)

18-19 AY - $9,208,0001,689 Scholars – 7% total enrollment521/4300 Incoming Freshmen (12%)

19-20 AY - $9,402,0001,734 Scholars – 7% total enrollment584/4400 Incoming Freshmen (13%)

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It was recommended that the campus not decrease the overall budget for institutional aid at IUPUI.

The proposal accepted appropriately realigns and redistributes scholarship funding to accomplish the campus enrollment goals.

The proposal accepted modestly increases the overall amount spent on in-state recruitment scholarships by less than $1M ($873,000) over the next 5 years.

Changes to IUPUI In-state Scholarship Budget Based on Maguire Reports

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Additional Funding Required for New Scholarship Structure

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15-16 AY 16-17 AY 17-18 AY 18-19 AY 19-20 AY

Est. Base $4,200,000 $4,273,500 $4,348,286 $4,691,693 $7,369,052

Add’l Base 0 0 $262,714 $2,550,619 $2,032,948

Cash Fill $4,329,000 $4,556,500 $4,436,000 $1,965,974 0

Total $8,529,000 $8,830,000 $9,047,000 $9,208,000 $9,402,000