INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships.

INSTITUTIONAL NEED-BASED AID PROPOSAL

Marvin Smith, Director of Student Financial ServicesBeth Barnette Knight, Director Office of Student ScholarshipsMichele J. Hansen, Executive Director Office of Student Data,

Analysis, and Evaluation

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IUPUI Need-Based Aid Strategies

“Get the right money to the right students in the right way at the right time”

• Make IUPUI affordable for low income and low-to- middle income Indiana families

• Link need-based aid programs with academic and social supports needed to promote persistence

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State of Indiana Grant Programs

• 21st Century Scholarships• Frank O’Bannon Grant Program

Higher Education Award• See award chart at http://www.in.gov/sfa/files/2015-2016_Frank_OBannon_Grid_2_23_15c.pdf

http://www.in.gov/sfa/files/2015-2016_Frank_OBannon_Grid_2_23_15c.pdf



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Federal Pell Grant and O’Bannon State Aid Data Analyses

Federal Pell Grant and O’Bannon Recipients

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Fall 2007

Fall 2008

Fall 2009

Fall 2010

Fall 2011

Fall 2012

Fall 2013

Fall 2014

0

400

800

1200

1600

616729

879 9661081 1123

1375 1450

438 400520 521 569 488

30 10 29 29 74 78

Number Received First SemesterIn-State First-Time, Full-Time Beginners

# Beginners Received Pell Grant # Beginners Pell Grant and O'Bannon Only# Beginners Pell Grant, O'Bannon, and Pell Pledge

Pell Grant First-Time, Full-Time Beginners

2007 2008 2009 2010 2011 2012 201355%

60%

65%

70%

75%

80%

85%

68% 68%

71% 70%71%

69%71%

60%

67%65% 65% 65%

65%

60%

0.6720183486238530.655

0.6692307692307690.6468330134357

0.6133567662565910.633333333333333

0.8

0.620689655172414

0.793103448275862

0.675675675675676

One-Year Retention Rate IUPUI INIn-State First-Time, Full-Time Beginners

One-Year Retention Overall Beginners No Pell GrantPell Grant Pell Grant and O'Bannon Only Pell Grant, O'Bannon, and Pell Pledge 6

Federal Pell, O’Bannon Only, and No Pell Pledge: Impact of Program Participation on Retention

2009-201350%

55%

60%

65%

70%

75%71% (473)

64% (2789)

One-Year Retention IUPUI IUIn-State First-Time, Full-Time Beginners

Summer Bridge or Peer Mentoring Nonparticipants

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Federal Pell, O’Bannon Only, and Pell Pledge: Impact of Program Participation on Retention

2009-20130%

20%

40%

60%

80%81% (27)

66% (145)

One-Year Retention IUPUI IUIn-State First-Time, Full-Time Beginners

Summer Bridge or Peer Mentoring Nonparticipants

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Pell and O’Bannon Recipients Unmet Financial Need and Outcomes

Unmet Financial Need Academic Year Fall 2013 First--Time, Full-time In-State Beginners

N One-Year Retention IUPUI IN

% GPA FY Below 2.00

FY GPA

No Unmet Financial Need (FAFSA on file) 10 80% 0% 3.50$1 to $1000 Unmet Need 10 90% 0% 3.20>$1000 to $2000 Unmet Need 9 89% 22% 2.68>$2000 to $3000 Unmet Need 46 74% 15% 2.77>$3000 to $4000 Unmet Need 30 83% 20% 2.89>$4000 to $5000 Unmet Need 48 69% 13% 2.76>$5000 to $6000 Unmet Need 53 75% 25% 2.57>$6000 to $7000 Unmet Need 57 67% 21% 2.61>$7000 to $8000 Unmet Need 62 73% 16% 2.66>$8000 to $9000 Unmet Need 44 61% 34% 2.36>$9000 to $10,000 Unmet Need 43 56% 28% 2.27>$10,000 Unmet Need 157 37% 50% 1.86Total 569 61% 28% 2.43

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Decision Tree Analysis to Identify Unmet Need Cut-Off $8,536 (based on 2009-2013 Combined Years)

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Federal Pell, O’Bannon Only, and No Pell Pledge FY Unmet Financial Need >=8,536

2009 2010 2011 2012 2013 20140

50

100

150

200

250

300

140 128

217

278

218

178

Number of StudentsFirst-Time, Full-Time In-State Beginners

Federal Pell, O’Bannon Only, and No Pell Pledge FY Unmet Financial Need >=8,536

2009 2010 2011 2012 20130%

10%

20%

30%

40%

50%

60%53%

45%

53% 54%

43%

One-Year Retention IUPUI INFirst-Time, Full-Time In-State Beginners

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Students Highest Risk: Federal Pell Recipients, O’Bannon and High Levels of Unmet Financial Need

In Fall 2013 there were 244 FT, FT Resident Beginners Receiving Pell Grants and O’Bannon Only with Levels of Unmet Need Greater than

$8,000 One-Year Retention was 45%

What Are The Outcomes For Students Who Just Miss Pell Eligibility? Fall 2013 FT, FT Resident Beginners

Annual EFC N Retained 1 Year Any IU Campus

Retained 1 Year IUINA Campus

Year 1 Cum GPA at Census

Cum GPA one year below 2.0

No FAFSA on File210 75% 68% 2.83 17%

Qualify for Federal Pell Grant

1402 65% 60% 2.44 28%EFC $1 to $999 over Pell Limit

94 70% 69% 2.80 19%EFC $1000 to $1999 Over Pell Limit 82 74% 73% 2.84 16%

EFC $2000 to $2999 Over Pell Limit 83 82% 77% 3.00 11%



EFC $5000 or more Over Pell Limit 1067 77% 72% 2.91 15%

Total 3067 71% 66% 2.68 21%

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Data-Supported Conclusions

• Students receiving Pell and O’Bannon may benefit from institutional aid plus programming

• Low income students (with low EFCs) but ineligible for Pell are not as high risk as Pell recipients

• Federal Pell recipients with O’Bannon and high levels of unmet financial need seem highest risk for attrition

• Federal Pell recipients with O’Bannon and unmet financial need levels above $8,000 may be a group to consider for institutional aid.

• Implementing an institutional grant that targets this cross-section of Federal Pell Grant and Indiana State O’Bannon Grant recipients (who are not currently linked to IUPUI retention programming) would create a win-win scenario for all.

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Need-Based Aid Expansion at IUPUI

IUPUI Pell Pledge Grant Expansion

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In the Works

Expand IUPUI Pell Pledge value to $2,000 maximum for all recipients in 2015-16

This award value increase matches IUPUI 21st Century Scholar Grant

Have identified 250 (estimated) new Pell-eligible freshman who do not receive state grants to receive the up to $2000 award

Will utilize one-time School of Science funding and other funding sources currently committed to Pell Pledge over the next 3 years for renewal awards

Would like this group to be purposefully linked to support programming

Currently exploring with University College this population being targeted for coaching

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IUPUI Pell Pledge Grant Expansion With $300K School of Science Funding

IUPUI Pell Pledge Expansion Grant ($1,000)

15-16 AYDollars (students)


20% growth80% retention





Freshman $140,000 (150) $180,000 (180) $220,000 (220) $273,000 (273)

Sophomore $80,000 (75) $120,000 (120) $150,000 (150) $189,000 (189)

Junior $70,000 (65) $64,000 (64) $100,000 (100) $129,000 (129)

Senior $10,000 (10) $52,000 (52) $53,000 (53) $86,000 (86)

Total $300,000 (300)$150,000 –

institutional funding

$150,000 – cash funding from

Science

$416,000 (416)$300,000 –

institutional funding$116,000 – cash

funding from Science

$523,000 (523)$470,000 –

institutional funding

$34,000 – cash funding from

Science$19,000 – cash

from financial aid

$677,000 (677)Institutional funding only

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Shovel-ReadyProposal Number 1: The IUPUI O’Bannon

Pledge Grant

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Additional $500K (approximate)Annual Base Proposal for New Grants

• Add a new institutional grant (up to $2,000 maximum) that targets students who receive both Pell and O’Bannon called the “IUPUI O’Bannon Pledge Grant”

• This new award equals other institutional grant values and allows the university to link another at-risk population to critical retention programming

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IUPUI O’Bannon-Pell Grant ($2000)





2016 Cohort $480,000 (240)

$408,000 (204)

$346,000 (173)

$294,000 (147)

2017 Cohort $528,000 (264)

$448,000 (224)

$380,000 (190)

2018 Cohort $580,000 (290)

$492,000 (246)

2019 Cohort $638,000 (319)

Total $480,000 (240)

$936,000 (468)

$1,374,000 (687)

$1, 804,000 (902)

* Based on 10% annual increase in cohort size and 85% retention rate

IUPUI O’Bannon-Pell Grant Estimated Expenditures With New $480K Annual Commitment*

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Shovel-ReadyProposal Number 2:

Double the IUPUI O’Bannon

Pledge Grant

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Additional $1 million Annual Need-Based Aid Proposal ($4 million in 4 years)

Double the number of candidates for the “IUPUI O’Bannon Pledge Grant”

Limit awarding by identifying most at-risk group OR highest achieving group (dependent on priorities)

Provide access to programming that aligns with ICHE grant awarded to IUPUI

Consider lowering GPA renewal criteria to improve persistence

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IUPUI O’Bannon Pledge Grant ($2,000)


16-17 AYDollars (students)20% frosh growth

80% annual retention

17-18 AYDollars (students)16% frosh growth

80% annual retention


12.5% frosh growth80% annual

retention

Freshman $1,000,000 (500)

$1,200,000 (600)

$ 1,400,000 (700)

$1,600,000 (800)

Sophomore $0 $800,000 (400)

$960,000 (480)

$1,120,000 (560)

Junior $0 $0 $640,000 (320)

$768,000 (384)

Senior $0 $0 $0 $512,000 (256)

Total $1,000,000 (500)

$2,000,000 (1000)

$3,000,000 (1500)

$4,000,000 (2000)

IUPUI O’Bannon Pledge Grant Proposal with new $1 million dollar commitment

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Discussion

INSTITUTIONAL NEED-BASED AID PROPOSAL Marvin Smith, Director of Student Financial Services Beth Barnette Knight, Director Office of Student Scholarships.

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