targeted investments in college affordability · total: $143.3m lab=legislatively adopted budget,...
TRANSCRIPT
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TARGETED INVESTMENTS
IN COLLEGE AFFORDABILITY
Days 3-4
STRATEGIC PROGRAMS AND INVESTMENTS TO EXPAND ACCESS AND COLLEGE SUCCESS FOR ALL OREGONIANS
BE N C A N N O N, E x ecu t i v e D i r ec t o r, H E C C
BO B BR E W, E x ecu t i v e D i r ec t o r, O S A C
C am p u s R ep r e s en t a t i ve s
SOU
PRESENTED TO:
JOINT COMMITTEE ON WAYS AND MEANS, SUBCOMMITTEE ON EDUCATION
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The Affordability Challenge
in Oregon
Day 3 , JO INT COMMITTEE ON WAYS AND MEANS , SUBCOMMITTEE ON EDUCATION
BEN CANNON, Executive Director, HECC
CCWD
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OREGON OPPORTUNITY GRANT REQUEST POP 131, HB 2407
Activity Budget Items 2013-15 LAB 2015-17 GRB
Financial Aid: Oregon
Opportunity Grant
Oregon Opportunity Grant POP 131: Expansion
(See also HB 2407: OOG redesign)
$113.9M
GF/LF/OF --
Total: $113.9M
$117.3M GF/LF/OF + $25.9M GF/LF/OF
Total: $143.3M
LAB=Legislatively Adopted Budget, GRB=Governor’s Recommended Budget, GF=General Funds, OF=Other Funds, FF=Federal Funds
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FACTORS IN AFFORDABILITY: A STUDENT PERSPECTIVE
What did I spend?
What did I get?
How did it pay off?
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A SIMPLIFIED VIEW
*Cost = Price (tuition) plus living expenses, minus grants and scholarships
Cost* Outcome Earnings
Student 1
Student 2
Student 3
Student 4
Cost* Outcome Earnings Affordable?
Student 1
Student 2
Student 3
Student 4
Cost* Outcome Earnings Affordable?
Student 1 high no degree low
Student 2
Student 3
Student 4
Cost* Outcome Earnings Affordable?
Student 1 high no degree low no
Student 2
Student 3
Student 4
Cost* Outcome Earnings Affordable?
Student 1 high no degree low no
Student 2 high degree high
Student 3
Student 4
Cost* Outcome Earnings Affordable?
Student 1 high no degree low no
Student 2 high degree high yes
Student 3
Student 4
Cost* Outcome Earnings Affordable?
Student 1 high no degree low no
Student 2 high degree high yes
Student 3 low degree high
Student 4
Cost* Outcome Earnings Affordable?
Student 1 high no degree low no
Student 2 high degree high yes
Student 3 low degree high yes
Student 4
Cost* Outcome Earnings Affordable?
Student 1 high no degree low no
Student 2 high degree high yes
Student 3 low degree high yes
Student 4 low no degree low
Cost* Outcome Earnings Affordable?
Student 1 high no degree low no
Student 2 high degree high yes
Student 3 low degree high yes
Student 4 low no degree low no
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AFFORDABILITY: NUMEROUS FACTORS
Student or family resources
Full college costs, including tuition
Financial Aid (state, federal, institutional,
private)
Completion Time to
completion
Type of degree/certificate/major
Earnings after graduation
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Low-income Oregonians from the high school class of 2006 were about half as likely to earn a bachelor’s degree by 2012 as their peers—even when we compare students who achieve similarly on a key measure of academic proficiency.
THE AFFORDABILITY BARRIER
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Students with lowest HS Math Scores Students with highest HS Math Scores
The ten pairs of red/gray bars above show all Oregon students divided into 10 equal-sized groups based on their high school math scores. The vertical bars show the
Bachelors degree completion rate for students eligible for free/reduced price lunch vs. those who are not eligible.
Bach
elo
r’s
Deg
ree C
om
ple
tio
n R
ate
Higher
income
students
Lower
income
students
Source: ECONorthwest longitudinal analysis using matched ODE, OUS, CCWD, and NSC records
STUDENTS IN POVERTY COMPLETE COLLEGE AT LOWER RATES REGARDLESS OF THEIR ACADEMIC SKILL LEVEL
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TUITION INCREASES OUTPACE CPI AND OPPORTUNITY GRANTS
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Tuition and Fees and Oregon Opportunity Grant versus CPI for Two- and Four-Year Public Colleges and Universities
Comm College T & F Pub Univ T & F
OR Opp Grant Consumer Price IndexSource: Oregon postsecondary institutions, OSAC, and Department of Labor
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PER STUDENT STATE FUNDED GRANT AID
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
NH
WY
AL
AZ
UT
HI
ID SD KS
MT
CT
NE
MS
RI
MI
IA
OH
MA
CO
OR
ME
MO
ND
MD
AK
WI
DE
VT
VA
OK FL
TX
MN
USA IL
NV
NM IN PA
NC
CA
KY
NY
WV
LA
AR
NJ
WA
GA
TN SC
Sta
te F
un
ded
Gra
nt
Aid
State Funded Grant Aid Per Resident Undergraduate Student (2012-13)
Source: NASSGAP Annual Survey, 2012-13, Table 12.
Oregon
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COST TRENDS: DEBT
$18,102 $16,094
$14,742 $15,257 $15,466
$19,387 $18,280
$20,712 $21,607
$20,001
$23,044 $23,673
$27,782 $26,631
$21,498
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
AmericanIndian/
Alaska Native
Asian/Pacific
Islander
Black/African
American
Hispanic/Latino
White
Graduate in 4 Years Graduate in 5 Years Graduate in 6 Years 2 0 0 2 - 0 3 F a l l F i r s t - T i m e F r e s h m a n C o h o r t c o m p l e t i n g b y S e p t e m b e r 2 0 0 8 S o u r c e : O U S I n s t i t u t i o n a l R e s e a r c h
Debt at Graduation for OUS Students Graduating in 4, 5, and 6 Years by Race/Ethnicity, 2002-03 Cohort
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UNDERGRADUATE DEBT, 2011-12 GRADUATES
BA (48%) AA (36%) Certificate (16%)
No Debt 30% 50% 34%
Less than $10,000 10% 19% 30%
$10,000 to $19,999 13% 14% 25%
$20,000 to $29,999 18% 9% 6%
$30,000 to $39,999 12% 4% 3%
$40,000 or more 18% 4% 2%
Source: National Postsecondary Student Aid Study, 2012
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GRADUATE SCHOOL DEBT, 2011-12 GRADUATES
All Graduate
Degrees
No Debt 27%
$1-$19,999 12%
$20,000-$39,999 14%
$40,000-$59,999 12%
$60,000-$79,999 11%
$80,000-$99,999 8%
$100,000+ 16%
Source: National Postsecondary Student Aid Study, 2012
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OUTCOME TRENDS: GRADUATION RATES
60.3%
50%
54%
58%
62%
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Six
-Year
Gra
duation R
ate
0%
Six-year graduation rate of OUS entering Freshman Fall Cohort, 1996-2007
Source: Oregon University System Office of Institutional Research
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D i s t r i b u t i o n i s e x p r e s s e d f o r a l l i n c o m e - e a r n e r s a g e s 3 5 - 4 4 .
S O U R C E S : U . S . C e n s u s B u r e a u , 2 0 1 2 .
N O T E : P e r c e n t a g e s m a y n o t s u m t o 1 0 0 b e c a u s e o f r o u n d i n g .
EARNINGS TRENDS: BY DEGREE (U.S.)
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Tuition is not the entire story
Financial aid, particularly need-based aid, matters
Outcomes and earnings matter
KEY TAKEAWAYS
Student or family
resources
Full college costs, including tuition
Aid (state, federal,
institutional, private)
Completion Time to
completion
Type of degree/certificate/major
Earnings after graduation
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Affordability Priorities:
Expanding and
Restructuring Need-Based
Financial Aid
Days 3 -4 , JO INT COMMITTEE ON WAYS AND MEANS , SUBCOMMITTEE ON EDUCATION
BOB BREW, Executive Director, OSAC
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OREGON OPPORTUNITY GRANT REQUEST POP 131, HB 2407
Activity Budget Items 2013-15 LAB 2015-17 GRB
Financial Aid: Oregon
Opportunity Grant
Oregon Opportunity Grant POP 131: Expansion
(See also HB 2407: OOG redesign)
$113.9M
GF/LF/OF --
Total: $113.9M
$117.3M GF/LF/OF + $25.9M GF/LF/OF
Total: $143.3M
LAB=Legislatively Adopted Budget, GRB=Governor’s Recommended Budget, GF=General Funds, OF=Other Funds, FF=Federal Funds
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HECC AFFORDABILITY PRIORITIES: AN INTEGRATED APPROACH
Expansion and strategic redesign of the Oregon Opportunity Grant, by targeting more state financial aid grants to thousands of Oregon’s highest-need students who are on track to succeed academically but struggling with college costs.
Balance targeted grant aid with increased institutional funding, by empowering community colleges and public universities to intentionally focus on student success and keep tuition levels manageable.
Help prospective students and families to plan for postsecondary success, and how to pay for it, through continuation and expansion of successful pre-college outreach.
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OREGON OPPORTUNITY GRANT
Oregon’s only state-funded, need-sensitive grant program that helps low- and middle-income Oregonians achieve academic success.
Goal: To help Oregon students who have demonstrated financial need pay for college.
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The OOG is a successful program for the students it reaches.
• OOG recipients demonstrate higher university graduation rates than those who did not receive the grant.
FACTORS IN REDESIGN AND EXPANSION
Graduation Rates at
Oregon Public
Universities
OOG
recipients
64.1%
No OOG 59.6%
Difference + 4.5%
S o u r c e : O r e g o n U n i v e r s i t y S y s t e m , G r a d u a t i o n R a t e b y F i r s t T i m e F r e s h m a n C o h o r t 2 0 0 6 - 0 7 , f a l l t e r m , i n c l u d e s i n t e r - O US t r a n s f e r s .
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This successful program, however, is severely underfunded.
• In 2013–14, the grants reached only 23.5% of more than 145,000 eligible students.
The program does not have a mechanism to strategically prioritize limited funds.
• As a result, grants are currently awarded on a first-come-first-served basis to students/families with annual incomes of up to $70,000.
FACTORS IN REDESIGN AND EXPANSION
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The HECC proposes expanding the OOG by 25.8% and redesigning the program to ensure that highest need students receive the necessary financial support to both consider entry and then successfully complete.
Increasing the state’s investment to $143.3M will:
• Expand the program to serve approximately 16,000 additional Oregon students facing affordability challenges.
• Target the grant to serve students with the highest financial need who are on track academically.
• Improve predictability by creating an extended, rolling application period.
• Improve predictability by guaranteeing the grant in second year to eligible students who receive it their first year.
PROPOSED EXPANSION
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OREGON OPPORTUNITY GRANT
• General Fund = $111.2M (97.6% of total)
• Lottery Funds = $2.5M (2.2% of total)
• Other Funds = $.16M (.014% of total)
Source of funds 2013-15
• Estimated Total Recipients = 70,240
• Estimated Total Funds to Students = $113.9M
Projections for 2013-15
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17,123
14,686
2,530 # Recipients
$24 million
$26.3 million
$4.5 million
Total $ Disbursed
CC
OUS
IND
OREGON OPPORTUNITY GRANT – 2013-14
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OOG ELIGIBLE APPLICANTS VS. RECIPIENTS
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-142014-15
YTD
OOG Eligible 41,874 74,694 98,206 117,592 155,855 155,800 145,909 131,195
Fall Recipients 27,356 38,467 43,136 12,969 28,914 32,924 34,329 35,911
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
# S
tud
en
ts
OOG Eligible Applicants vs. Recipients 2007-08 to 2014-15
Source: OSAC
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Other Federal, State,
and Campus
Affordability Programs
Day 4 , JO INT COMMITTEE ON WAYS AND MEANS , SUBCOMMITTEE ON EDUCATION
Bob Brew, Executive Director, OSAC
Campus Representatives
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Other Government Programs
CHAFEE EDUCATION & TRAINING GRANT (FEDERAL) – For 2013-14, 227 students applicants received a total of $539,421. For 2014-15, $542,940 has been awarded to 190 students to-date.
SCHOLARSHIPS FOR CHILDREN OF DECEASED OR DISABLED PUBLIC SAFETY OFFICERS (STATE) – Up to full tuition & fees at public Oregon institution or tuition & fees at UO if at 4-year private Oregon institution. In 2013-14, 11 student received $70,071.
OREGON STUDENT CHILDCARE GRANT (STATE) – For 2013-14, 87 students received a total of $439,287. For 2014-15, expect 82 students to receive $478,671. Amounts vary depending on ages and number of children needing care.
OTHER GOVERNMENT PROGRAMS
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Other Government Programs
JOBS PLUS INDIVIDUAL EDUC. ACCOUNT (STATE) – Each year, around 100 TANF clients earn funds to use for postsecondary training. In 2013-14, 94 clients redeemed $63,289 from their IEAs.
OREGON YOUTH CONSERVATION CORPS (STATE) – Each year, 26 to 60 recipients redeem scholarship vouchers totaling $20,000 to $50,000. In 2013-14, 33 students received $25,763.
BARBER AND HAIRDRESSER GRANT (STATE) – Grants based on interest earnings, vary from current low of $225 to maximum of $1000 per participant.
FEDERAL AND STATE PROGRAMS
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More than $18 million in private scholarships were awarded to nearly 3,500 students. (Average ≈ $5,300)
OSAC added 33 new scholarships to its portfolio of private scholarships.
OSAC’s online Scholarship Catalog lists eligibility criteria and other details (GPA, enrollment, FAFSA requirements, additional essays, etc.). Applicants can use filters to search online or print entire document.
PRIVATE SCHOLARSHIP PROGRAM NEARLY 500 SCHOLARSHIP FUNDS AVAILABLE
OSAC Scholarships 2013-14: OSAC administers nearly 500 private scholarship funds.
Oregon is one of two state agencies in the U.S. that provide central scholarship services.
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Award more scholarship dollars to students
Maintain a diverse portfolio of scholarship types to reach ALL Oregon students
Develop new partnerships to increase scholarship opportunities
Provide outreach at college fairs, college nights, and websites to reach more students
SCHOLARSHIP PROGRAM GOALS
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SCHOLARSHIP PROGRAMS
► Scholarship Partners
• Scholarships administered in partnership with foundations, financial institutions, employers, membership organizations, unions, civic clubs, professional associations, and private individuals.
• Major partners are The Oregon Community Foundation and The Ford Family Foundation.
► Types of Programs
• Scholarship programs for foster youth, single parents, dislocated workers, merit scholars, students who have faced adversity, specific career field, specific college major(s), and more based on the intent of the donor.
Scholarship Application
Requirements
• Student profile
• 4 Personal Statements
• Activities Chart
• Transcripts
• Scholarship-specific essays and other documents may be required
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PRIVATE SCHOLARSHIP PROGRAM: AWARDEES
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PRIVATE SCHOLARSHIP PROGRAM: AWARD DOLLARS
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DISBURSEMENTS TO STUDENTS
General Fund (Grants)
80%
Lottery Funds (to Oregon
Opportunity Grant)
9%
Other Funds (to Oregon
Opportunity Grant)
1%
Other Funds (Scholarships)
10%
2015-17 Governor's Balanced Budget Disbursements to Students
General Fund (Grants) $128,111,514 80.0% Lottery Funds (to Oregon Opportunity Grant) $13,888,486 8.7% Other Funds (to Oregon Opportunity Grant) $1,263,213 0.8% Other Funds (Scholarships) $16,797,810 10.5%
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RESULTS FOR OREGON STUDENTS: PROPOSED KEY PERFORMANCE MEASURES, AFFORDABILITY
Measure
Percentage of resident enrolled students who are incurring unaffordable costs
Percentage of resident enrolled students who are incurring unaffordable costs
adjusted with institutional aid
Average debt amount of Bachelor’s graduates
Default rates
Average cost of attendance for resident undergraduates minus grant aid as a % of
median income
Tuition and fees
- Average statewide less grant aid
- Net per resident undergraduate FTE
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Public comment
Day 5, JOINT COMMITTEE ON WAYS AND MEANS, SUBCOMMITTEE ON EDUCATION