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Oklahoma's Financial Aid Programs: Analysis of State Funding and Impact on Higher Education

This workshop focuses on Oklahoma's state financial aid programs, including recent legislative changes and funding trends since 2000. Key highlights include the Oklahoma Tuition Equalization Grant, the Concurrent Enrollment Tuition Waiver, and the Oklahoma Tuition Aid Grant (OTAG). The workshop discusses challenges such as loss of federal matching funds, adjustments in funding limits for nonresident students, and the impact of family income on aid eligibility. With the goal of increasing degree completion, participants will examine the sustainability and effectiveness of these programs in enhancing access to higher education.

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Oklahoma's Financial Aid Programs: Analysis of State Funding and Impact on Higher Education

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Presentation Transcript

  1. Scholarship and Grant Workshop July 11, 2012

  2. State Funding(in $ millions)

  3. State Financial Aid as % of State Higher Education Funding

  4. Two new programs since 2000 • Oklahoma Tuition Equalization Grant (2004-05; $3.4 million) • Concurrent Enrollment Tuition Waiver (2006-07; $2.7 million)

  5. OTAG – Oklahoma Tuition Aid Grant • State Funding • Loss of federal LEAP/SLEAP matching funds • Adult students

  6. OTAGState Funding

  7. OTAG adult students (age 24 & over)

  8. Academic ScholarsState Funding

  9. Academic Scholars Recipients

  10. Freshmen National Merit Scholars

  11. Academic Scholars • Limit on funding for nonresident participants lowered from 25% to 20% effective 2012-13. • Institutions over the limit must pay refunds. • Refunds = $1.4 million in 2011-12; projected $1.8 million in 2012-13.

  12. Academic Scholars • Institutions can choose whether or not to select a freshmen nonresident student for an Academic Scholars award.

  13. Oklahoma’s Promise Is it “Sustainable”?

  14. Legislation in recent years • Endowed chairs program (2008) • National Board Certified Teachers • OKPromise bills (considered) • Lower the second income limit to $75,000 • Provide a reduced award based on the second family income check (Under $50k = 100%; over $90k = 50%)

  15. Oklahoma Legislative Context

  16. Adults with Bachelor’s Degree or Higher (2010) Source: U.S. Census Bureau, 2010 American Community Survey.

  17. Complete College America • Governor Fallin initiative announced in September 2011 • Increase number of degrees and certificates awarded by 67% by 2023

  18. Bachelor Degree Attainment by Age 24, by Family Income, 2010 >$99k $62-99k $33-62k <$33k Source: Postsecondary Education OPPORTUNITY, Number 235, January 2012, www.postsecondary.org.

  19. Oklahoma Family Incomes%’s Under $50,000, $75,000 & $100,000 $100,000 $75,000 Source: US Census Bureau, 2000 Census, American Community Survey-2001-2010

  20. OKPromise High School Enrollment(By High School Graduation Year) $50,000 $32,000 $24,000 As of 7-6-12

  21. High School Requirement Completion Rates $32,000 $50,000 $24,000 As of 12-20-11

  22. High School Students Completing OKPromise Requirements(by Grad Year) $50,000 $32,000 $24,000 As of 12-20-11

  23. Ethnicity – 2011 HS Completers

  24. Gender TrendsOKPromise High School Grads, 2001-2011 OK H.S. Seniors: 50% Female, 50% Male Female Male

  25. Geographic Distribution Trends OKPromise High School Grads, 1999-2011 “Urban” is defined as the 5 most populous counties – Oklahoma, Tulsa, Cleveland Canadian, and Comanche.

  26. U.S. Grant High School - OKC

  27. Douglass H.S. - OKC Updated 9-1-11

  28. Foster Care Students - DHS As of 9-2-11

  29. High School GPA’s

  30. Students Earning High School GPA’s Between 2.50-2.99

  31. Gates Foundation2012 Millennium Scholars • It appears that about 37 of 53 Gates Foundation Millennium Scholars named in Oklahoma in 2012 are OKPromise students. (Based on Tulsa World article, 7/2/12)

  32. Break Time

  33. College-Going Rates Compared to All Oklahoma HS Graduates

  34. College Remediation Rates

  35. Where Do OK Promise Students Attend College?

  36. Full-Time College Enrollment First-time entering students enrolled in 12 hours or more per fall or spring semester

  37. College Freshman – GPA of at least 2.0 Percentages calculated based on students with GPA reported to UDS.

  38. Degree Completion Rates(Degrees earned through 2010-11)

  39. OKPromise Graduates Employment(Employed in Oklahoma between April 2009 and June 2010)

  40. Oklahoma’s Promise • ACE High School Graduation Requirements for Public Schools • End of Instruction (EOI) Tests • Eligibility for OKPromise, OTAG and Federal Aid • ? % disqualified

  41. Oklahoma’s Promise • Second family income check • 2012 high school graduates • $100,000 federal AGI • at time student begins college

  42. 2010 OKPromise HS Grads • 5,431 received award in 2010-11 • 5,156 (95%) completed FAFSA • 98 (2%) reported AGI over $100,000

  43. Oklahoma’s Promise • Satisfactory Academic Progress (SAP) requirements for all recipients in 20012-13. • Possibly 3% of all OKPromise students will be disqualified based on 2011 institutional survey

  44. Oklahoma’s Promise • College GPA requirements for 2012 freshmen • 2.0 GPA for courses taken through the sophomore year (possibly 10% disqualified) • 2.5 for courses taken as a junior and thereafter (possibly 18% disqualified)

  45. 2009-10 OKPromiseCollege Junior GPA’s Average GPA: 3.04

  46. Scholarship Recipients As of 12-20-11. Assumes 1% annual increases in OK Promise high school enrollment and 65% completion rate of high school requirements for scholarship eligibility.

  47. Scholarship Expenditures(In $ millions, by fiscal year) Projected Actual As of 12-20-11

  48. Oklahoma’s Promise • “Heroes Promise” for children of military personnel killed in the line of duty after January 1, 2000.

  49. Summary Points • Oklahoma has been very supportive of its state student financial aid programs. • Programs will need to demonstrate measurable value. • There will be increased scrutiny of program expenditures.

  50. Questions?

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