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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">On January 24, 2019, the 2016-17 Annual Financial Aid Report was presented to the Oklahoma State Regents for Higher Education. You can find the full report at:
<a href="https://www.okhighered.org/studies-reports/financial-aid.shtml">https://www.okhighered.org/studies-reports/financial-aid.shtml</a>. Some of the highlights include:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif""><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l0 level1 lfo3">
<span style="font-size:12.0pt;font-family:"Cambria","serif"">In each of the past five years, total financial aid for undergraduate and graduate/professional students at state system institutions has remained relatively stable at between $1.35 billion and $1.42
billion. Undergraduate student aid, at about $1.16 billion, accounts for 82 percent of total student aid.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l0 level1 lfo3">
<span style="font-size:12.0pt;font-family:"Cambria","serif"">Five-Year Trends in Undergraduate Student Aid, by Type of Aid: Following are the changes in amounts of undergraduate aid, by type of aid, for the period 2012-2013 to 2016-2017.<o:p></o:p></span></li></ul>
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="margin-left:.7in;border-collapse:collapse">
<tbody>
<tr style="height:17.05pt">
<td width="360" valign="bottom" style="width:3.75in;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:17.05pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Type of Undergraduate Student Aid<o:p></o:p></span></p>
</td>
<td width="132" valign="bottom" style="width:99.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:17.05pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Cambria","serif"">$ Amount Change<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Cambria","serif"">2012-13 to 2016-17<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Cambria","serif"">(in $ millions)<o:p></o:p></span></p>
</td>
<td width="79" valign="bottom" style="width:59.4pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:17.05pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Percent Change<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="360" style="width:3.75in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Federal Grants (Pell)<o:p></o:p></span></p>
</td>
<td width="132" valign="top" style="width:99.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">-$40.4<o:p></o:p></span></p>
</td>
<td width="79" valign="top" style="width:59.4pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:7.6pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">-15.2%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="360" style="width:3.75in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">State Grants and Scholarships<o:p></o:p></span></p>
</td>
<td width="132" valign="top" style="width:99.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+$6.3<o:p></o:p></span></p>
</td>
<td width="79" valign="top" style="width:59.4pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:7.6pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+7.7%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="360" style="width:3.75in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Institution Aid (Tuition Waivers, Foundation, Other)<o:p></o:p></span></p>
</td>
<td width="132" valign="top" style="width:99.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+$76.7<o:p></o:p></span></p>
</td>
<td width="79" valign="top" style="width:59.4pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:7.6pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+37.2%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="360" style="width:3.75in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Tribal Grants<o:p></o:p></span></p>
</td>
<td width="132" valign="top" style="width:99.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+$2.5<o:p></o:p></span></p>
</td>
<td width="79" valign="top" style="width:59.4pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:7.6pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+10.7%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="360" style="width:3.75in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Other Outside Scholarships and Grants<o:p></o:p></span></p>
</td>
<td width="132" valign="top" style="width:99.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+$4.0<o:p></o:p></span></p>
</td>
<td width="79" valign="top" style="width:59.4pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:7.6pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+12.7%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="360" style="width:3.75in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Loans<o:p></o:p></span></p>
</td>
<td width="132" valign="top" style="width:99.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">-$18.5<o:p></o:p></span></p>
</td>
<td width="79" valign="top" style="width:59.4pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:7.6pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">-3.7%<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Federal Work Study<o:p></o:p></span></p>
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<td width="132" valign="top" style="width:99.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">-$0.05<o:p></o:p></span></p>
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<td width="79" valign="top" style="width:59.4pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="right" style="margin-right:7.6pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">-5.9%<o:p></o:p></span></p>
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<td width="360" valign="bottom" style="width:3.75in;padding:0in 5.4pt 0in 5.4pt;height:17.95pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Change in Total Undergraduate Student Aid<o:p></o:p></span></p>
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<td width="132" valign="bottom" style="width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:17.95pt">
<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+$29.3<o:p></o:p></span></p>
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<td width="79" valign="bottom" style="width:59.4pt;padding:0in 5.4pt 0in 5.4pt;height:17.95pt">
<p class="MsoNormal" align="right" style="margin-right:7.6pt;text-align:right"><span style="font-size:12.0pt;font-family:"Cambria","serif"">+2.6%<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif""><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l0 level1 lfo3">
<span style="font-size:12.0pt;font-family:"Cambria","serif"">While the total amount of undergraduate financial aid has remained at about $1.1 billion over the past five years, the proportion of that aid going to the research universities has increased by $93
million or 23 percent while the proportion going to community colleges has decreased by $55 million or 17 percent. The amount going to the regional universities decreased moderately by $9 million or 2.3 percent.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l0 level1 lfo3">
<span style="font-size:12.0pt;font-family:"Cambria","serif"">Over the past five years total undergraduate loan volume has declined by $18.5 million or 3.7 percent. By tier, undergraduate loan volume has dropped significantly at the community colleges (-$30
million or -24 percent) and the regional universities (-$17 million or -10 percent) while increasing at the research universities (+$29 million or +15 percent).<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l0 level1 lfo3">
<span style="font-size:12.0pt;font-family:"Cambria","serif"">The percentage of undergraduate aid comprised of loans increased slightly from 41 percent in 2015-2016 to 42 percent in 2016-2017. Conversely, non-loan aid (grants, scholarships, work-study) declined
slightly from 59 percent to 58 percent.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l0 level1 lfo3">
<span style="font-size:12.0pt;font-family:"Cambria","serif"">Nonresident students account for nearly 24 percent of the total undergraduate student loan volume ($117 million of $482 million). At the research universities, nonresident students account for nearly
40 percent of the undergraduate student loan volume.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l0 level1 lfo3">
<span style="font-size:12.0pt;font-family:"Cambria","serif"">Many low-income Pell Grant recipients also rely on student loans. Fifty-three 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 ($224 million of $482 million).<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l0 level1 lfo3">
<span style="font-size:12.0pt;font-family:"Cambria","serif"">Of the $263 million in graduate/professional student aid, over 69 percent was in the form of loans.<o:p></o:p></span></li></ul>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Irala K. Magee</span><span style="font-size:12.0pt;font-family:"Cambria","serif""><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Assistant Vice Chancellor for Scholarship and Grant Administration<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Oklahoma State Regents for Higher Education<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">P.O. Box 108850<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Oklahoma City, OK 73101-8850<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">(405) 225-9378</span><span style="font-size:12.0pt;font-family:"Cambria","serif"">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif"">Fax (405) 225-9392</span><span style="font-size:12.0pt;font-family:"Cambria","serif""><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria","serif""><o:p> </o:p></span></p>
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