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Education Final 09-15-11 -   1.3 - Financial Aid

 
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Education Final 09-15-11
1. Access and Enrollment
2. Student Accomplishment
3. Student and Economic Outcomes
Action Plan
  
 
 
1.3 - Financial Aid
Is Washington maintaining its leadership role in providing need-based financial aid?
 
 
 
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Data Notes
Data Source: HECB analysis of National Association of State Student Grant and Aid Programs (NASSGAP) annual survey data.
Measure Definition: Total state need-based aid awarded divided by total undergraduate FTEs.  National average is the simple average of rates for all states and the District of Columbia.
Target Rationale: Measure indicates how well Washington is doing at helping low-income students keep pace with rising tuition costs, in comparison to the rest of the nation.
Link to Agency Strategic Plan: Consistent with the state Strategic Master Plan goal to "maintain the state's leadership role in providing need-based financial aid."
Relevance: A high percentage of Washington students rely on need-based financial aid to enable access to post-secondary education.
Notes: (Optional)
Also Available
Action Plan: No
Extended Analysis: No

 Drill Down Measures

 Summary Analysis

  • This chart shows the average amount of state-funded need-based aid provided to Washington students compared to the average of all states and the District of Columbia.  In 2009-10, Washington ranked third highest among all states in this measure.
  • Washington has consistently done a better job than the rest of the nation helping its lowest income students keep pace with the rising cost of tuition and minimizing student debt. Over the 2002-03 to 2009-10 period, undergraduate tuition and fees at Washington public research institutions rose 68%, while need-based aid per FTE increased 80%.  By comparison, the rate of increase in aid for the rest of the nation was 29%.
  • Over the last several years, the percent of Washington undergraduates receiving need-based aid from all sources (federal, state, and institutional) has remained fairly constant at about 40%.
  • Washington’s high rank on this measure is reflective of the state’s commitment to keep pace with public sector tuition growth coupled with a sharp focus on need-based undergraduate aid.  Other states place greater emphasis on merit aid, or aid for graduate students.
  • Applications for aid have grown by 67% since 2007-08.