ERIC Number: ED214474
Record Type: Non-Journal
Publication Date: 1981-Oct-15
Reference Count: N/A
University of Minnesota Undergraduate Student Financing, 1980-81: A Study of Expenses and Sources.
Hendricks, Glenn L.; Gersmehl, Carol
OSA Research Bulletin, v22 n4 Oct 15 1981
Information concerning expenses and income during 1980-81 of 406 randomly selected University of Minnesota undergraduates was obtained through a survey. Undergraduates estimated their total 1980-81 expenses to have been on average $4,286, which was 59 percent more than the $2,690 reported during a similar 1974-75 survey. Students living at home reported on average only 60 percent as much expense as those who did not live with their parents. The chief single expense was room and board, which cost on the average $2,094. Seventy-one percent reported working during the school year, and for those who worked, 35 percent of their income was derived from employment. Only 44 percent indicated that parents contributed any cash to meet their expenses, and grants were an income source for 33 percent, while 27 percent indicated they used loans to meet their expenses. Recipients of grants and scholarships rose from 19 percent in 1974-75 to 33 percent in 1980-81, while loan recipients nearly doubled from 14 to 27 percent in that same six-year period. Only eight percent of the respondents did not work at some time during the year. The mean of estimates of earnings from employment during the school year for full-time students was $2,300, with a median of $1,700. Overall, parental contributions remain at about the same percentage from 1974-75 to 1980-81. About a quarter (and about half of the aid recipients) of the respondents felt that without financial aid assistance they would be forced to withdraw from school. (SW)
Descriptors: Access to Education, College Housing, Commuting Students, Financial Needs, Grants, Higher Education, Income, Institutional Research, On Campus Students, Parent Financial Contribution, Scholarships, Self Supporting Students, Student Costs, Student Employment, Student Financial Aid, Student Loan Programs, Undergraduate Students
Office for Student Affairs, University of Minnesota, Minneapolis, MN 55455.
Publication Type: Collected Works - Serials; Reports - Research
Education Level: N/A
Authoring Institution: Minnesota Univ., Minneapolis. Office for Student Affairs.