Office of Planning and Budgeting

New Employment & Financial Aid Data Released

Yesterday, the National Center for Education Statistics (NCES) published a report summarizing fall 2011 employment data and academic year 2010-11 student financial aid data submitted by all Title IV institutions to the Integrated Postsecondary Education Data System (IPEDS).

Here are some of the findings:

ON EMPLOYMENT:

  • Public institutions offered more employment opportunities to graduate students than private ones: fully 17% of the public institutions’ labor force was composed of graduate students, while the figure stood at 7% for private non-profits and 0.3% for private for-profit institutions.

  • Private for-profit institutions relied heavily on part-time instructors: 86% of the staff engaged in instruction, research and/or public service at these institutions was reported as part-time, while 36% of public institution instructional staff and 30% of private nonprofit institution instructional staff fell in that category.

ON FINANCIAL AID:

  • For those attending public four-year institutions, average cost of attendance before aid was approximately $17,600 and net price was about $11,000; for those attending nonprofit institutions, average cost before aid was twice as high – approximately $34,000 – while net price was about $19,800; finally, for those attending for-profit institutions, average cost before aid was approximately $27,900 and net price was about $22,500. The average cost of attendance includes tuition and required fees, books and supplies, room and board, and other expenses.

  • An analysis of the average amount of total Title IV aid received by students per income category demonstrates public institutions’ focus on targeting those most in need: public institutions covered 53% of the total cost for students with family income below $30,000, and only 10% of the cost for students with family income above $110,000. The following table provides more detail on the comparable figures for private institutions.

Average Title IV aid
and average price before aid by type of institution,
academic year
2010-11

Family Income Level

$0-30,000

$30,001-48,000

$48,001-75,000

$75,001-110,000

$110,001 +

Public

Average Aid

9,288

7,869

4,742

2,328

1,703

Aid Ratio

53%

45%

27%

13%

10%

Avg. Net Price

8,286

9,705

12,832

15,246

15,871

Private Nonprofit

Average Aid

18,190

17,687

15,262

13,090

10,515

Aid Ratio

54%

52%

45%

39%

31%

Avg. Net Price

15,798

16,301

18,726

20,898

23,473

Private For Profit

Average Aid

5,472

4,517

2,467

962

853

Aid Ratio

20%

16%

9%

3%

3%

Avg. Net Price

22,336

23,292

25,342

26,847

26,956

The release of this information by the NCES coincides with an emerging effort aimed at “reimagining aid design and delivery” supported by the Bill & Melinda Gates Foundation, which was the subject of a recent article on Inside Higher Ed. We will keep abreast of developments related to this effort and provide updates as more information emerges in the next few months.

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