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.
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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:
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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.
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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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