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<p class="MsoNormal"><span style="font-size:14.0pt">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:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:14.0pt;font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:14.0pt">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.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:14.0pt;font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:14.0pt">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.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"><img width="640" height="217" id="Picture_x0020_1" src="cid:image003.png@01D39F3B.03176CB0"></span><span style="font-size:14.0pt"><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:14.0pt;font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:14.0pt">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.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:14.0pt;font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:14.0pt">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).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">You can find the full report in the agenda item on pages 157-171 of the State Regents meeting agenda at
<a href="http://www.okhighered.org/state-system/pdf/2018-2-1-Agenda.pdf">http://www.okhighered.org/state-system/pdf/2018-2-1-Agenda.pdf</a>. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">Irala K. Magee</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">Director of Scholarship and Grant Administration</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">Oklahoma State Regents for Higher Education</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">P.O. Box 108850</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">Oklahoma City, OK 73101-8850</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">(405) 225-9378</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">Fax (405) 225-9392</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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