[Oasfaa] 2015-2016 Annual Financial Aid Report

[Magee, Irala]

On February 1, 2018, the 2015-16 Annual Financial Aid Report was presented to the Oklahoma State Regents for Higher Education.  Some of the highlights include:

*        In each of the past four years, total financial aid for undergraduate and graduate/professional students at state system institutions has remained relatively stable at between $1.35 billion and $1.4 billion.  Undergraduate student aid, at about $1.1 billion, accounts for 81 percent of total student aid.
*        Four-Year Trends in Undergraduate Student Aid, by Type of Aid:  Following are the changes in amounts of undergraduate aid, by type of aid, for the period 2012-2013 to 2015-2016.
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*        Nonresident students account for nearly 24 percent of the total undergraduate student loan volume ($109 million of $460 million).  At the research universities, nonresident students account for nearly 40 percent of the undergraduate student loan volume.
*        Many low-income Pell Grant recipients also rely on student loans.  Fifty-four percent of Pell Grant recipients also take out student loans.  While Pell Grant recipients make up one-third of overall undergraduate enrollment, they account for almost half of the total undergraduate loan volume ($221 million of $460 million).
You can find the full report in the agenda item on pages 157-171 of the State Regents meeting agenda at http://www.okhighered.org/state-system/pdf/2018-2-1-Agenda.pdf.

Irala K. Magee
Director of Scholarship and Grant Administration
Oklahoma State Regents for Higher Education
P.O. Box 108850
Oklahoma City, OK  73101-8850
(405) 225-9378
Fax (405) 225-9392

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