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ERIC Number: ED446585
Record Type: Non-Journal
Publication Date: 1998-Feb
Pages: 25
Abstractor: N/A
Reference Count: N/A
Student Financial Aid in the UW System: 1996-97 Update. Occasional Research Brief, Volume 98, No. 1.
Wisconsin Univ. System, Madison.
Financial aid provided to students in the University of Wisconsin (UW) system is described. In 1996-1997, 75,666 UW system undergraduate and graduate students received $404.9 million in a combination of need based and non-need based financial aid. This represented an increase of 1,319 students and $16.2 million above 1995-1996 levels. Over half of all undergraduates and one-third of graduates received financial aid in 1996-1997. Over four out of five financial aid dollars (84%) in the UW system were provided, or underwritten, through a federal program, and state funded sources accounted for 8% of the total, with the remaining dollars from institutional (4%) and other sources (3%). In 1996-1997, 70% of total aid was in the form of loans, 27% was in the form of grants, and 3% was in the form of work programs. Over two-fifths (41%) of all UW students borrowed through a financial aid loan program in 1996-1997, and less than one-third (29%) received grants. Approximately one quarter of the undergraduate aid recipients were classified as independent for financial aid purposes. Nearly three-fifths (58%) of all UW resident undergraduates have debt on completing a Bachelor's degree, compared to two-thirds in the mid-1980s. The average undergraduate's debt on graduation was $13,332, and 27% of this debt came from non-need based loans. Five appendixes contain technical notes, detailed data tables, and a discussion of the design of a financial aid package. (Contains 19 tables.) (SLD)
For full text:
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Wisconsin Univ. System, Madison.