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<p class="MsoNormal">At their April 15, 2021 meeting, the annual financial aid report was presented to the Oklahoma State Regents for Higher Education.  The data used to generate this information was received from the individual state colleges and universities. 
 We sincerely thank each school for their diligent efforts to completely and accurately report financial aid disbursed to individual students each year.  Attached is the full report.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify"><b><u><span style="font-family:"Times New Roman",serif">Highlights and Trends<o:p></o:p></span></u></b></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Since 2013-2014, the total amount of financial aid for undergraduate and graduate/professional students at state system institutions has grown gradually from $1.35 billion to $1.48 billion.  Undergraduate student
 aid, at about $1.18 billion, accounts for 80 percent of total student aid.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Seven-Year Trends in Undergraduate Student Aid, by Type of Aid:  Following are the changes in amounts of undergraduate aid, by type of aid, for the period 2012-2013 to 2018-2019.<o:p></o:p></span></li></ul>
<div align="right">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr style="height:17.05pt">
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Times New Roman",serif">Type of Undergraduate Student Aid<o:p></o:p></span></p>
</td>
<td width="132" valign="bottom" style="width:99.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:17.05pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:10.0pt;font-family:"Times New Roman",serif">$ Amount Change<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:10.0pt;font-family:"Times New Roman",serif">2012-13 to 2018-19<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",serif">-$31.5<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:10.0pt;font-family:"Times New Roman",serif">-11.9%<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:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",serif">+$5.4<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:10.0pt;font-family:"Times New Roman",serif">+6.6%<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:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",serif">+$94.3<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:10.0pt;font-family:"Times New Roman",serif">+45.7%<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:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",serif">+$3.6<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:10.0pt;font-family:"Times New Roman",serif">+15%<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:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",serif">+$8.0<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:10.0pt;font-family:"Times New Roman",serif">+25%<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:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",serif">-$23.7<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:10.0pt;font-family:"Times New Roman",serif">-4.7%<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:10.0pt;font-family:"Times New Roman",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:10.0pt;font-family:"Times New Roman",serif">-$1.3<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:10.0pt;font-family:"Times New Roman",serif">-15.7%<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:10.0pt;font-family:"Times New Roman",serif">Change in Total Undergraduate Student Aid<o:p></o:p></span></p>
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<p class="MsoNormal" align="right" style="margin-right:26.1pt;text-align:right"><span style="font-size:10.0pt;font-family:"Times New Roman",serif">+$55.8<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:10.0pt;font-family:"Times New Roman",serif">+4.9%<o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-family:"Times New Roman",serif;color:red"><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:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Since 2013-2014, the percentage of undergraduate students who receive some form of financial aid has gradually increased from 70.0 percent to 72.7 percent.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Over the past seven years, the total amount of undergraduate financial aid going to the research universities has increased by $141 million or 35 percent while the amount going to community colleges has decreased
 by $70 million or 22 percent.  The amount going to the regional universities decreased moderately by $15 million or 4 percent.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Total annual undergraduate loan volume over the past seven years has declined by $24 million or 4.7 percent.  While federal subsidized/unsubsidized loans dropped by over $100 million or 24 percent, federal PLUS
 (parent) loans grew by $50 million or 93 percent.  Private loans also grew from $21 million to $51 million, an increase of $30 million or nearly 150 percent.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">By tier, undergraduate loan volume has dropped significantly at the community colleges (-$45 million or -35 percent) and the regional universities (-$30 million or -17 percent) while increasing at the research
 universities (+$51 million or +26 percent).<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Since 2012-2013, the percentage of undergraduate aid comprised of loans has declined from 44 percent to 40 percent; non-loan aid (grants, scholarships, work-study) increased from 56 percent to 60 percent.<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Nonresident students account for more than 28 percent of the total undergraduate student loan volume ($134 million of $477 million).  At the research universities, nonresident students account for 42 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:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Many low-income Pell Grant recipients also rely on student loans.  Fifty-two 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 ($211 million of $477 million, or 44 percent).<o:p></o:p></span></li><li class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;mso-list:l1 level1 lfo3">
<span style="font-family:"Times New Roman",serif">Of the $298 million in graduate/professional student aid, over 70 percent was in the form of loans.<o:p></o:p></span></li></ul>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Irala K. Magee<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Assistant Vice Chancellor for Scholarships and Grants<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Oklahoma State Regents for Higher Education<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">P.O. Box 108850<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Oklahoma City, OK  73101-8850<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Phone: (405) 225-9378<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Fax: (405) 225-9392<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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