Agenda
Finance Committee
December 19, 2008
2:50 p.m. EDT
Stewart Center, Room 326
Action Item:
1. Request approval of 2009-10 student housing rates:
a. West Lafayette room and board rates (Board Approval) – J. S. Almond
(This item voted on separately at Trustees’ Meeting, 12/20/08)
b. Purdue Calumet Student Housing (Board Approval) – J. S. Almond
c. Indiana University Purdue University Fort Wayne Student Housing (Board
Approval) – J. S. Almond
2. Request for approval of Proposal to the Vincent P. Reilly Committee (Board
Approval) – J. S. Almond
Discussion Item:
1. Student Financial Aid – T. B. Robinson
MINUTES
FINANCE COMMITTEE
BOARD OF TRUSTEES
December 19, 2008
A meeting of the Finance Committee of the Board of Trustees of The
Trustees of Purdue University was held in Room 326, Stewart Center, West
Lafayette, Indiana at 3:12 p.m. on December 19, 2008.
The following Committee members were present: Chairman Michael J.
Birck, Keith J. Krach, William O. Osterle, and Thomas E. Spurgeon.
Also in attendance were Trustees Brouillette, Butler, Hardin, McGinley,
Powers and Steiner; President Córdova; Interim Executive Vice President for
Business and Finance and Treasurer Almond; Legal Counsel Benton; Provost
Woodson; Vice Presidents Robinson and Sautter; Directors Mukerjea and Seidle;
and Corporate Secretary Behringer.
I. WEST LAFAYETTE 2009-2010 ROOM AND BOARD RATES FOR
RESIDENCE HALLS.
Vice President Sautter provided the Committee with background
information on the West Lafayette campus University Residences room and
board rates for the 2009-2010 academic year. After extensive discussion and
upon proper motion duly seconded the 2009-2010 West Lafayette room and
board rates were removed from the stated meeting’s consent agenda to be
discussed and voted on separately at the Trustees’ meeting tomorrow,
December 20.
(Supporting documents and PowerPoint presentation filed with Minute
Material.)
II. APPROVAL OF 2009-2010 RENTAL RATES FOR PURDUE
UNIVERSITY CALUMET STUDENT HOUSING AND INDIANA UNIVERSITY-PURDUE
UNIVERSITY FORT WAYNE STUDENT HOUSING.
After discussion and upon proper motion duly seconded, the Finance
Committee voted unanimously to present to the full Board for approval the 2009-
2010 rental rates for both Purdue University Calumet Student Housing and
Indiana University-Purdue University Student Housing. (Supporting documents
filed with Minute Material.)
III. APPROVAL TO USE FUNDS FROM THE VINCENT P. REILLY
MEMORIAL FUND.
Interim Executive Vice President for Business and Finance and Treasurer
Almond brought before the Committee a request from the College of Engineering
a proposal to use $10.8 million from the Vincent P. Reilly Memorial Fund to
support the College of Engineering from January 2009 through December 2014.
Mr. Almond explained that the most recent Reilly Fund authorization for $4.5
million was approved in December 2006 for the calendar year 2007 through
calendar year 2009. The endowment distribution has been higher than the
projection made several years ago. Income from the fund will exceed the current
authorized level with just a portion of the January 2009 distribution. Therefore,
the Reilly Committee is requesting a new authorization for future expenditures.
After discussion and upon proper motion duly seconded, the Finance
Committee voted unanimously to request full Board approval of the proposal to
use $10.8 million from the Vincent P. Reilly Trust Fund.
(Supporting documents filed with Minute Material.)
IV. REPORT BY VICE PRESIDENT THOMAS B. ROBINSON ON
STUDENT FINANCIAL AID.
Vice President Robinson provided highlights from the 2007-2008 student
aid report profile, which is the latest year for which there is complete data. In
addition, he provided an update on the economic crisis that has impacted Purdue
students. Purdue’s long-term goal in student financial aid is to systematically
reduce the various levels of dependency on student loans in the aid packages so
as to reduce the indebtedness of students, particularly those with financial need,
upon their graduation from Purdue. Purdue remains committed to increasing
grant and scholarship funds from public and private sources.
V. ADJOURNMENT.
By consent, the meeting adjourned at 3:58 p.m.
__________________________________________________________________________________________
Hovde Hall, Room 230 • 610 Purdue Mall • West Lafayette, IN 47907-2040 • (765) 494-9705 • Fax: (765) 494-9062
OFFICE OF THE EXECUTIVE VICE PRESIDENT FOR
BUSINESS AND FINANCE AND TREASURER
FC Action Item 1a-b-c
December 19, 2008
Q-1-b
December 20, 2008
December 5, 2008
To: The Board of Trustees of Purdue University
Fr: James S. Almond
Interim Executive Vice President
for Business and Finance and Treasurer
Re: 2009-2010 Room and Board Rates
At your meeting on December 20, we will request approval of West Lafayette campus University Residences
room and board rates for the 2009-2010 academic year. The proposed rates will be discussed in detail with
the Finance Committee at its meeting on Friday, December 19. The rates for the West Lafayette campus
represent a weighted average increase of 4.95 percent for all residence hall room and board contracts. In
addition, rates have been proposed for the new residence hall on State and First Streets, which will be
available in fall 2009.
Proposed rates for housing on the Purdue Calumet and IPFW campuses also will be reviewed at these
meetings. A 4.5 percent rate increase is recommended for Purdue Calumet student housing, which also
includes the addition of the second phase of student housing scheduled to open in fall 2009. At IPFW, an
average 3.8 percent student housing rental rate increase is recommended.
Please contact me at 765-494-9705 if you have any questions or would like additional information regarding
the proposed rates.
Enclosures
cc: President France A. Córdova
Interim Vice President John R. Shipley
Legal Counsel Anthony S. Benton
Secretary Roseanna M. Behringer
Vice President Walter J. Branson
Vice President James K. Johnston
Vice President John A. Sautter
__________________________________________________________________________________________
Hovde Hall, Room 230 • 610 Purdue Mall • West Lafayette, IN 47907-2040 • (765) 494-9705 • Fax: (765) 494-9062
OFFICE OF THE EXECUTIVE VICE PRESIDENT FOR
BUSINESS AND FINANCE AND TREASURER
FC Action Item 1a-b-c
December 19, 2008
Q-1-b
December 20, 2008
December 5, 2008
To: The Board of Trustees of Purdue University
Fr: James S. Almond
Interim Executive Vice President
for Business and Finance and Treasurer
Re: 2009-2010 Room and Board Rates
At your meeting on December 20, we will request approval of West Lafayette campus University Residences
room and board rates for the 2009-2010 academic year. The proposed rates will be discussed in detail with
the Finance Committee at its meeting on Friday, December 19. The rates for the West Lafayette campus
represent a weighted average increase of 4.95 percent for all residence hall room and board contracts. In
addition, rates have been proposed for the new residence hall on State and First Streets, which will be
available in fall 2009.
Proposed rates for housing on the Purdue Calumet and IPFW campuses also will be reviewed at these
meetings. A 4.5 percent rate increase is recommended for Purdue Calumet student housing, which also
includes the addition of the second phase of student housing scheduled to open in fall 2009. At IPFW, an
average 3.8 percent student housing rental rate increase is recommended.
Please contact me at 765-494-9705 if you have any questions or would like additional information regarding
the proposed rates.
Enclosures
cc: President France A. Córdova
Interim Vice President John R. Shipley
Legal Counsel Anthony S. Benton
Secretary Roseanna M. Behringer
Vice President Walter J. Branson
Vice President James K. Johnston
Vice President John A. Sautter
Purdue University
University Residences
Proposed
Specific Room and Board Rates
for
2009-10
RESIDENCE HALLS (Room Only Expressed as Annual Contract Rate) 1
No. of Present Proposed
Beds Type of Space Rate Rate
482 Small Double $2,200 $2,282
32 Small Double with A/C 2,730 2,864
608 Double - Cary, Meredith 2,968 3,030
2,140 Double - Low Rise 3,040 3,254
66 Cary Two Room Double/Large Double 3,510 3,650
224 Windsor Double 3,510 3,650
2,380 Double - High Rise with A/C 4,040 4,234
176 Windsor Double with A/C 4,040 4,234
34 Double-Smaller--CARY w/ Shrd Bath & AC 4,430 4,540
6 Double with Bath - High Rise 4,160 4,380
16 Double with Bath shared by 2, 3, or 4 4,160 4,380
1,134 Double-High Rise (or CARY) w/ Shrd Bath & AC 4,776 4,966
2 Double with Private Bath & A/C 5,052 5,210
4 Two Room Suite for 2 with Bath 4,160 4,450
12 Deluxe Double - Low Rise 5,834 5,978
4 Deluxe Double - High Rise 6,694 6,868
30 Double-Larger--CARY w/ Shrd Bath & AC 5,120 5,500
16 Double-Larger--CARY w/ Private Bath & AC 5,546 5,960
4 Deluxe Double - High Rise w/AC 7,220 7,400
804 Double - High Rise 3,510 3,650
29 Economy Single 4,524 4,812
1 Economy Single with bath 5,216 5,548
90 Single 5,076 5,432
1 Economy Single with A/C 5,054 5,396
12 Single with Bath 5,768 6,174
41 Single with Shared Bath & A/C 7,574 7,800
25 Single with A/C 5,604 6,016
6 Single with Private Bath & A/C 8,016 8,432
356 Single with Private Bath & A/C-FRST 356 8,802 9,330
27 Double with Bath shared by 2, 3, or 4 with A/C 4,700 4,820
6 Double, Triple, Suite with Bath with A/C 4,102 4,344
42 Double, Triple, Suite with Bath 3,574 3,760
3 Triple - Cary with A/C 2,934 3,140
66 Triple - Cary 2,404 2,456
444 PV - 1 Bedroom for 3 With A/C 4,140 4,316
9,323
HILLTOP APARTMENTS (Room Only Expressed as Annual Contract Rate) 1
No. of Present Proposed
Beds Type of Space Rate Rate
284 Efficiencies for 2 $4,404 $4,690
138 1 Bedroom Apartment for 3 3,940 4,194
52 1 Bedroom Apartment for 2 with A/C 5,372 5,700
24 1 Bedroom Apartment for 2 with Alcove with A/C 5,928 6,242
402 1 Bedroom Apartment for 3/AC 4,140 4,394
900
ROOM AND BOARD
UNIVERSITY RESIDENCES
Proposed Rates
Fiscal Year 2009-10
ROOM AND BOARD
UNIVERSITY RESIDENCES
Proposed Rates
Fiscal Year 2009-10
HAWKINS (Room Only Expressed as Monthly Rates) 2, 3
No. of Present Proposed
Beds Type of Space Rate Rate
394 Single $493 $518
34 Small Single 473 496
26 Large Single 533 559
34 Single With Bath 663 696
52 Double With Bath 438 459
34 Single With Shower 598 627
216 Double 358 375
790
PURDUE VILLAGE (Room Only Expressed as Monthly Rates) 2, 3
No. of Present Proposed
Beds Type of Space Rate Rate
328 One Bedroom $558 $582
429 Two Bedroom 688 717
62 Graduate Student Apartment 458 478
819
MEAL PLANS (Expressed as Annual Contract Rate) 1
Rate Dining Dollars Rate Dining Dollars
20 Meal Plan $4,970 $250 $5,220 $250
15 Meal Plan 4,632 350 4,864 350
12 Meal Plan 4,378 450 4,598 450
Boiler Block Plan 4,124 450 4,330 450
10 Meal Plan 4,018 250 4,220 250
11,832 Total University Residences Weighted Average Increases 4.95%
(1) Room and board rates are effective August 21, 2009.
(2) The room rates for Hawkins and Purdue Village are monthly assessments.
(3) The room rates for Hawkins and Purdue Village are effective July 1, 2009.
Present Proposed
Rates Proposal 2009-2010
West Lafayette Campus
Presented to the
Finance Committee of the
Purdue University Board of Trustees
December 19, 2008
• Strong Accomplishments
occupancy
• Dining court popularity
• Facilities Master Plan on-track
• Student success
2
Snapshots
3
Let’s pause for a moment…
4
Facilities Master Plan
Completion 2012
•Efficiencies from consolidation
•Attractive and satisfying facilities
•Better meeting students’ needs and expectations
•Reduced average facility age
5
University Residences Facilities Future Targets
Facility
Number of
Buildings
Year
Built GSF
Calendar
Age in 2029
Student
Capacity
2008
Hilltop Apartments 22 1945 156,820 84 466
Meredith Hall 1 1950 135,545 79 620
Hilltop Apartments 5 1955 32,250 74 82
Owen Hall 1 1955 157,220 74 708
Purdue Village 42 1956 459,290 73 973
Tarkington Hall 1 1956 157,220 73 707
Wiley Hall 1 1956 164,560 73 750
Purdue Village 16 1961 201,256 68 254
Purdue Village 5 1966 58,610 63 80
4,640
6
Current Major Projects
• First Street Towers
– 356 private rooms with bath and A/C; opens Fall 2009
• Windsor Renovation
– Phase 2 of 5 underway; final phase complete Fall 2012
• Fire Safety
– Twelve-year plan; completed year 8 and 78% of planned
spaces
• Student Room Air-conditioning
– Twelve-year plan; completed year 8 and 74% of planned
spaces
7
E td t th h
On-Campus Housing
• Encourages student success through
– Community building
– Engagement activities
– Learning communities
– Service learning
– Academically-focused environment
8
Student Success
Freshmen Resident vs. Non-Resident Grade Point Averages
2 85
2.90
Resident Cumulative GPA Non-Resident Cumulative GPA
2.80
2.85
2.75
2.65
2.70
2.60
Spring 2001 Spring 2002 Spring 2003 Spring 2004 Spring 2005 Spring 2006 Spring 2007 Spring 2008
9
Contract Features
Standard Features
• Furnished living space
• Utilities
Value Added Features
• Location
• Student-focused
• Cable – 48 channels
• Dining options available
18 Student community
• Learning Communities
hours/day
• Extra-curricular
• Flexible board plans
• High-speed Internet
I h
opportunities
• Staff support
• In-room phone – Available 24/7
– Resident Assistants
• Wireless access in
community spaces
• Security policies,
monitored building access
10
Financial Assumptions
Cost Increases
• Cost of food 5.50%
• Regular salaries and wages 2.00
• Minimum wage increase 10.69
– $6.55 to $7.25
• Staff benefits
• Medical insurance 6.00
• Workers comp 5.00
• Utilities
• Water and Sewage 5.00
• Natural Gas 13.86
• Administrative Recovery 18.17
11
O A ti f 10
Operational Assumptions
• Occupancy Assumptions for 2009 – – Residence Halls AY 97.5%
Hall 90 0%
20 meal
– Hawkins AY 90.0%
– Purdue Village FY 90.0%
• Meal Plan Distribution Assumptions
plan
10 meal 6%
plan
20%
15 l
Boiler Block
2%
for Residence Halls
meal
plan
30%
12 meal
plan
42%
12
Big Comparison
Northwestern $10,592
Ten Room and Board Rates for 2008-2009
8,764
8,590
Illinois
Michigan
8,440
7,934
7 888
Ohio State
MEAN
P d 7,888
7,670
7,280
Purdue
Penn State
Minnesota
7,138
7,026
Indiana
Michigan State
6,984
6,909
Iowa
Wisconsin
*Wisconsin has debit plan only
*
13
Standard non-A/C double
and predominant meal
plan
Selected Room and Board Rates
d d dii l d * **
Overall weighted average 4.95%
Undergrad Traditional Beds 08-09* 09-10**
Small Double 482 $6,578 $6,880 $302 4.59%
Low Rise Double 2140 7,418 7,852 434 5.85
High Rise Double 804 7,888 8,248 360 4.56
Increase
High Rise Double, A/C 2380 8,418 8,832 414 4.92
Suite w/bath, A/C 1134 9,154 9,564 410 4.48
Single w/shared bath, A/C 41 11,952 12,398 444 3.73
Undergraduate Apartments
Hilltop One Bedroom for 3*** 138 $3,940 $4,194 $254 6.45%
Family Apartments****
1 BR 328 $558 $582 $24 4.30%
2 BR 429 688 717 29 4.22
First Street Towers
Single, private bath, A/C 356 $13,928
*Adjusted to include $100 ResNet fee
**Room and 12 Meal Plan, Academic Year
***Hilltop Apartments room only; board contract optional
****Purdue Village monthly rent, no meal plan 14
Financial Summary
Rate Proposal
Anticipated
Actual
Proposed Budget
Using 4.95%
Income
p
Budget 2008-09 2008-09
g
2009-10
Contract Room and Board $81,799,892 $81,658,128 $90,072,456
Conferences 2,661,039 2,437,058 1,962,481
Retail Operations 2,179,703 2,604,857 2,664,005
Other 4,555,025 6,144,609 6,310,944
Total Income $91,195,659 $92,844,652 $100,964,886
Expenditures
Cost of Food $10,864,148 $11,568,481 $12,502,476
Payroll and Fringe Benefits 28,267,366 29,179,210 31,262,985
Administrative Overhead and Utilities 5,187,880 5,241,646 6,193,856
Supplies and Support Services 25,074,994 26,763,730 28,214,433
Total Expenditures $69,394,388 $72,753,067 $78,173,750
Net Income $21,801,271 $20,091,585 $22,791,136
D btS i 14 227 615) 14 137 115) 15 958 424)
15
Debt Service ($14,227,615) ($14,137,115) ($15,958,424)
Funds Available for R&R Projects $7,573,656 $5,954,470 $6,832,712
Rates Proposal 2009-2010
West Lafayette Campus
Questions?
16
Rates Proposal 2009-2010
West Lafayette Campus
Presented to the
Finance Committee of the
Purdue University Board of Trustees
December 19, 2008
REPORT TO THE BOARD OF TRUSTEES
STUDENT FINANCIAL AID
2007-2008
December 2008
Purdue University Governance Report
Executive Summary
Student Financial Aid
This Executive Summary provides highlights of Student Financial Aid during 2007-08 system-wide at Purdue
University - West Lafayette, Calumet, IPFW, and North Central campuses.
Student financial aid programs at Purdue University campuses are dedicated to preserving student access to the
university through need-based aid, recruiting and retaining academically talented students through merit-based aid,
and supporting a superior and diverse student body through these aid awards. Purdue’s policy that governs student
financial aid closely follows these priorities. This report indicates that considerable progress is being made with respect
to increased aid based on Purdue’s policy.
During 2007-08, comprehensive aid programs at Purdue provided over $595 million in system-wide student financial
aid representing an increase of $35 million (or 6%) over the $560 million in total aid provided in 2006-07. One-year
change in disbursements indicates that the combined scholarships, grants, and institutional and statutory fee
remissions increased 7% and accounted for 31% of total aid (31% in 2006-07); loans increased 5% representing 44%
of total aid (also 45% in 2006-07); and employment and employment-related aid increased 8% comprising 25% of total
aid (24% in 2006-07).
Purdue continued to make progress in increasing scholarships and grants system-wide. At 7%, the one-year
increase in scholarships and grants (from all sources) represented growth in federal, state, and privately funded
awards including specific initiatives such as the University Incentive Grant, the Supplemental University Incentive
Grant, and the Purdue Opportunity Awards programs at the West Lafayette campus. The major highlights of student
aid for each campus are summarized below.
At West Lafayette, $453 million in aid was disbursed to 32,168 recipients, or 79% of the total student body (also
79% in 2006-07). This aid included $134 million (or 30%) in scholarships, grants, and institutional/statutory fee
remissions representing a 6% increase over last year; $181 million (or 40%) in loans which increased 1%; and $138
million (or 30%) in employment and employment-related aid which increased 8% over the past year.
For 2007-08, undergraduate students graduating with debt represented 52.1% of the graduating class with an
average debt of $23,087. Undergraduate students graduating with debt in 2006-07 accounted for 48.2% of the
graduating class with an average debt of $21,636. It should be noted that aid awards (using all sources of funds)
were offered to meet 100% of the FAFSA assessed need of students. Some of these awards, however, such as
loans or work study, were not accepted.
At Calumet, over $50 million in aid represented a one-year increase of 10%, and included $16 million (or 32%) in
scholarships, grants, and institutional and statutory fee remissions; $29 million (or 59%) in loans; and $4.5 million (or
9%) in employment and employment-related aid to 5,885 recipients (or 61% of the total student body, an decrease
from 62% in 2006-07). For 2007-08, undergraduate students graduating with debt represented 56% of the
graduating class, with an average debt of $21,272.
At IPFW, almost $73 million in aid represented a one-year increase of 14%, and included $26 million (or 36%) in
scholarships, grants, and institutional and statutory fee remissions; $43 million (or 60%) in loans; and $3 million (or
4%) in employment and employment-related aid to 8,573 recipients (or 74% of the total student body, a slight
decrease from 2006-07 at 77%). For 2007-08, undergraduate students graduating with debt represented 68% of the
graduating class, with an average debt of $25,822.
At North Central, more than $19 million in aid represented a one-year increase of 16%, and included over $7 million
(or 38%) in scholarships, grants, and institutional and statutory fee remissions; nearly $11.5 million (or 60%) in
loans; and $0.5 million (or 3%) in employment and employment-related aid to 2,409 recipients (or 62% of the total
student body, up slightly from 61% in 2006-07). For 2007-08, undergraduate students graduating with debt
represented 62% of the graduating class with an average debt of $19,630.
Purdue has been tracking the representation of Indiana’s income demography among enrolled Indiana students on a
system-wide basis. This data reveals that Indiana students at Purdue over-represent (46%) Indiana’s family income
levels of less than $50,000 (42%) and under-represent (54%) the income levels of $50,000 and above (58%). This
assures that Purdue’s cost of education and student aid policies are favorably addressing student access and
financial need for lower income groups.
Increasing University scholarships (general fund and private sources) is by far the single most important strategy for
recruiting talented students and reducing student indebtedness. It is also a vital strategy for increasing student
retention and graduation rates. To that end, Purdue has undertaken a major new initiative that will substantially
increase available funds to high merit students via the Trustee and Presidential Scholarship program beginning fall
2008. This competitive initiative will also be coupled with heightened private fundraising to further enhance the funding
base for even more scholarships and grants. Further, the Purdue Promise Program will provide additional financial and
support-based resources and opportunities and is slated to begin in fall 2009.
Purdue will continue to systematically address various aspects of student financial aid every year. Increased funding
and optimized use of various funding sources will be considered among the highest priorities for annual resource
planning and allocations.
Student Financial Aid
Governance Report to Board of Trustees
December 19, 2008
As Indiana’s Land-Grant University, Purdue embraces the principle of extending access to higher
education to a diverse body of qualified students. Since its founding in 1869, Purdue has grown from a
single campus in West Lafayette to a multi-campus university system, thus allowing greater access to an
affordable Purdue degree. Each Purdue campus defines access and affordability in relationship to its
strategic plan.
The strategic plan of Purdue–West Lafayette delineates its vision to achieve preeminence among the
world-class institutions of higher education. The plan suggests that Purdue “Recruit and retain
academically talented undergraduate and graduate students with exemplary support for them to achieve
success…,” and “Enhance human and intellectual diversity among students…” Thus, Purdue’s policy that
governs student financial aid awards is based on financial need, academic merit, and the need to
enhance diversity through these awards.
The first priority for financial aid is given to students with demonstrated financial need. Through this
priority, Purdue ensures that the needs of Indiana residents are addressed based on available student aid
funds each year.
Academically talented students are awarded merit-based financial aid on a competitive basis as they
demonstrate their academic achievements. These students may also qualify for need-based aid when
eligible, just as needy students may qualify for merit-based aid as well.
Through the need-based and the merit-based aid programs, Purdue also attempts to enhance student
diversity in order to provide an academic environment that is conducive to educating all students for a
multicultural workforce and society, and for cultivating civic leaders who are reflective of our diverse
society. Purdue extends and expands opportunities for higher education to a wide range of populations in
Indiana and the nation through the aid programs.
Purdue optimizes the use of various sources of student financial aid including federal and state aid funds,
institutional scholarships and grants, student employment, loan programs, and privately funded grants
based on donor intent. Eligible students are awarded financial aid packages that include funds from one
or more of these sources. Based on the extent of aid funds available each year, Purdue distributes these
funds to cover as much of the educational costs to eligible students as possible.
Purdue’s long-term goal in student financial aid is to systematically reduce the various levels of
dependency on student loans in the aid packages so as to reduce the indebtedness of students,
particularly those with financial need, upon their graduation from Purdue. To that end, Purdue remains
committed to increasing grant and scholarship funds from public and private sources.
Student Financial Aid - West Lafayette December 19, 2008
FINANCIAL AID APPLICATIONS AND AWARDS 2007-08
ACTUAL 2007-08 STUDENT FINANCIAL AID AWARDS
UNDERGRADUATE COST OF ATTENDANCE 2007-08 ACADEMIC YEAR
Tuition and Fees
$22,224
68%
Room/Board
$7,530
23%
Books/Supplies
$1,050
3%
Transportation
$440
1%
Misc/Personal
$1,690
5% Nonresident
Total
$32,934
$11.2M
9%
$31M
26%
$53.3M2
46%
$22.8M
19%
Undergraduate Scholarships and Grants by
Source
2007-2008
Total: $118,235,289
Privately Funded Federal University Funded State
Total Student Aid
(Undergraduate Graduate)
2007-2008
Total: $453,157,406
Tuition and Fees
$7,416
Room/Board 41%
$7,530
42%
Books/Supplies
$1,050
6%
Transportation
$280
2%
Misc/Personal
$1,690
9%
Resident
TOTAL
$17,966
Total Federal Aid Applications (FAFSA) 2 0,370 2,511 11,279 34,160 34,497 -1%
Fall Semester West Lafayette Enrollment 3 1,186 7 ,916 39,102 39,228 0%
Fall Semester Statewide Technology Enrollment 1 ,383 - 1,383 1,358 2%
Total Unduplicated Aid Recipients 2 4,556 7 ,612 32,168 32,128 0%
Average Aid per Student Recipient $11,545 $22,289 $14,087 $13,501 4%
Aid Recipients as % of enrolled 75% 96% 79% 79%
% Recipients - Resident 54% 26%
% Recipients - Non-Resident 21% 70%
2006-07
%
Change
Under-graduate
Grad/
Prof
Incomplete
FAFSA1
Total
2007-08
Under- Grad/Prof Total Total %
Scholarships and Grants graduate* Temp/Other* 2007-2008* 2006-2007 Change
University Scholarships, Grants &
Fee Remissions 2 $27,983,854 $10,616,366 $38,600,220 $37,195,185 4%
University Incentive Grant $5,925,032 $6,300 $5,931,332 $5,759,599 3%
Supplemental University Incentive Grant $674,500 $260 $674,760 $601,365 12%
Purdue Opportunity Awards $530,844 $0 $530,844 $486,114 9%
Athletic Grant-in-Aid $7,176,259 $123,395 $7,299,653 $7,099,013 3%
State Awards $22,802,545 $187,983 $22,990,527 $20,955,322 10%
Private Awards $11,200,049 $966,705 $12,166,754 $11,968,984 2%
Indiana Resident Top Scholars $3,119,070 $80,720 $3,199,790 $3,326,146 -4%
Fellowships $596,983 $9,035,386 $9,632,368 $9,259,520 4%
Federal Pell Grants $15,423,598 $19,825 $15,443,423 $13,458,849 15%
Federal SEOG $1,804,307 $2,080 $1,806,387 $1,784,173 1%
Federal Academic Competitiveness Grant $1,073,363 $0 $1,073,363 $999,845 7%
Federal SMART Grant $914,723 $0 $914,723 $763,978 20%
Oth F d l G t $11 688 353 $2 321 587 $14 009 940 $13 186 397 6%
DEBT OF GRADUATING STUDENTS3
1FAFSA Free Application for Federal St dent Aid
TOTAL AID AWARDS 2007-08
$134.3M
30%
$180.7M
40%
$138.2M
30%
Scholarships/Grants Loans Employment
* Numbers may not add due to internal rounding.
2003-04 2004-05 2005-06 2006-07 2007-08
Percentage of Graduating Students with Debt:
Undergraduate: 49.1% 48.5% 46.8% 48.2% 52.1%
Resident 76.0% 72.6% 71.8% 72.6% 75.5%
Nonresident 24.0% 27.4% 28.2% 27.4% 24.5%
Peer Institutions4 47.0% 47.0% 49.0% 49.0% N/A
Big Ten Public Universities4 54.0% 50.0% 54.0% 55.3% N/A
Average Total Debt of Graduating Students with Debt:
Undergraduate $17,510 $18,978 $20,102 $21,636 $23,087
Resident $16,399 $17,091 $17,752 $19,270 $19,864
Nonresident $21,033 $23,976 $26,077 $27,906 $33,033
Peer Institutions4 $16,946 $17,945 $18,077 $20,028 N/A
Big Ten Public Universities4 $18,155 $20,477 $20,374 $21,311 N/A
Percentage of Graduating Students with Debt:
Graduate 28.2% 30.7% 30.5% 30.3% 29.0%
Veterinary Medicine 80.5% 86.8% 70.9% 73.1% 64.7%
Average Total Debt of Graduating Students with Debt:
Graduate $28,999 $31,901 $31,596 $34,533 $38,199
Veterinary Medicine $72,095 $72,652 $70,231 $80,615 $80,203
Other Federal Grants 11,688,353 2,321,587 14,009,940 13,186,397 Subtotal $110,913,478 $23,360,605 $134,274,083 $126,844,490 6%
Loans
Federal Stafford $58,589,045 $25,962,042 $84,551,087 $76,327,787 11%
Federal Parent Loans for Undergraduate Students $47,816,407 $60,462 $47,876,869 $49,461,244 -3%
Graduate PLUS Loans $0 $1,254,095 $1,254,095 $1,067,078 18%
Federal Perkins & Health Professions $2,801,192 $938,395 $3,739,587 $6,078,607 -38%
Purdue Loans $4,163,443 $345,360 $4,508,803 $7,726,716 -42%
Private Loans $36,738,128 $2,012,284 $38,750,412 $38,747,865 0%
Subtotal $150,108,216 $30,572,638 $180,680,854 $179,409,297 1%
Employment & Employment Related
Federal Work-Study Salaries $1,295,995 $15,076 $1,311,072 $1,516,641 -14%
Graduate Student Staff Salaries $28,299 $84,406,244 $84,434,543 $75,964,651 11%
Other Part-Time University Salaries $13,827,675 $1,858,789 $15,686,463 $13,819,787 14%
Employment Related Fee Remissions $5,721,551 $29,061,999 $34,783,550 $34,222,774 2%
Other Employment Related Awards $1,600,260 $386,580 $1,986,840 $1,986,651 0%
Subtotal $22,473,780 $115,728,689 $138,202,468 $127,510,504 8%
Grand Total $283,495,474 $169,661,932 $453,157,406 $433,764,291 4%
All Aid to Meet Need $152,505,405 54% $41,528,263 24% $194,033,668 43%
Merit-Based Aid $130,990,068 46% $128,133,669 76% $259,123,737 57%
Average Aid per Student Receiving Aid $11,545 $22,289 $14,087
Undergraduate Grad/Prof Total
Source: Division of Financial Aid (Data as of 10/31/08) Page 1
= Student Aid.
2Includes Scholarships/Grants, Institutional/Statutory Fee Remissions, Employment Related Fee Remissions and Other Employment Related Awards.
3This information excludes PLUS Loans (parent is borrower, not student). 4Source: 2007-08 Common Data Set.
Student Financial Aid - West Lafayette December 19, 2008
AWARD AID BY TYPE BY NEED AND MERIT 2007-08
Undergraduate Students
Total = $178,256,890
Grad/Professional Students
Total = $36,611,182
DISTRUBUTION OF AID TYPE 2007-08 (in millions)
Total Aid = $453,157,406 Resident
*Non-Need scholarships are merit based.
Note: Values are rounded.
Need Based
Gift Aid
$2,147,997
Non-Need Based
Employ. Aid
Need Non-Need Total Need Non-Need Total
Scholarships* and Grants $49,243,330 $25,244,192 $74,487,522 $12,833,227 $23,592,729 $36,425,956
Loans $38,303,847 $48,587,693 $86,891,540 $34,022,615 $29,194,061 $63,216,676
Employment & Employment Related $949,975 $15,927,853 $16,877,828 $346,020 $5,249,931 $5,595,952
Grand Total $88,497,152 $89,759,738 $178,256,890 $47,201,863 $58,036,721 $105,238,584
Undergraduate
In-State Out-of-State
Need Non-Need Total Need Non-Need Total
Scholarships* and Grants $2,147,997 $2,646,738 $4,794,735 $6,527,154 $12,038,716 $18,565,870
Loans $12,391,273 $2,485,080 $14,876,353 $13,177,313 $2,518,973 $15,696,286
Employment & Employment Related $8,952 $16,931,143 $16,940,095 $6,124 $98,782,469 $98,788,594
Grand Total $14,548,222 $22,062,960 $36,611,182 $19,710,591 $113,340,158 $133,050,750
In-State Out-of-State
Grad/Professional
Undergraduate Students
Total = $105,238,584
Grad/Professional Students
Total = $133,050,750
Nonresident
Need Based
Gift Aid
$6,527,154
5%
Need Based
Loan Aid
$13,177,313
10%
Need Based
Employ. Aid
$6,124
<1%
Non-Need
Based
Gift Aid
$12,038,716
9%
Non-Need
Based
Loan Aid
$2,518,973
2%
Non-Need
Based
Employ. Aid
$98,782,470
74%
Need Based
Gift Aid
$12,833,227
12%
Need Based
Loan Aid
$34,022,615
33%
Need Based
Employ. Aid
$346,020
<1%
Non-Need Based
Gift Aid
$23,592,729
22%
Non-Need Based
Loan Aid
$29,194,061
28%
Non-Need Based
Employ. Aid
$5,249,932
5%
6%
Need Based
Loan Aid
$12,391,273
34%
Need Based
Employ. Aid
$8,952
<1%
Non-Need Based
Gift Aid
$2,646,738
7%
Non-Need Based
Loan Aid
$2,485,080.
7%
Non-Need Based
Employ. Aid
$16,931,142
46%
Need Based
Gift Aid
$49,243,330
28%
Need Based
Loan Aid
$38,303,847
21%
Need Based
Employ. Aid
$949,975
1%
Non-Need Based
Gift Aid
$25,244,192
14%
Non-Need Based
Loan Aid
$48,587,693
27%
$15,927,853
9%
Source: Division of Financial Aid (Data as of 10/31/08) Page 2
Student Financial Aid - Calumet December 19, 2008
FINANCIAL AID APPLICATIONS AND AWARDS 2007-08
ACTUAL 2007-08 STUDENT FINANCIAL AID AWARDS
Private Federal University Funded State
Resident
Total
$12,655
Nonresident
Total
$18,902
Transportation
$1,797
14%
Misc/Personal
$1,358
11%
Tuition and Fees
$5,509
43%
Room/Board
$2,991
24%
Books/Supplies
$1,000
8%
Transportation
$1,797
10% Misc/Personal
$1,358
7%
Tuition and Fees
$11,756
62%
Room/Board
$2,991
16%
Books/Supplies
$1,000
5%
UNDERGRADUATE COST OF ATTENDANCE 2007-08 ACADEMIC YEAR
Undergraduate Scholarships
and Grants by Source
2007-08 Total: $14,787,011
$5,099,553
34%
$511,305
3%
$7,493,035
52%
$1,683,118
11%
T t lSt d tAid
13,083
Nonresident
Total
$19,611
1,835
1,387
5,757
44%
3,054
23%
1,050
1,835
9% 1,387
12,285
63%
3,054
1,050
16,258,548
5,210,817
32%
687,413
4%
8,253,028
51%
2,107,290
13%
Under- Grad/Prof
Scholarships and Grants graduate Temp/Other
University Scholarships, Grants &
Fee Remissions $1,806,230 $48,129
Athletic Grant-in-Aid $67,490
State Awards $5,210,817 $30,820
Private Awards $687,413 $7,000
Fellowships $0 $39,667
Federal Pell Grants $7,548,822
Federal SEOG $339,538
Federal Academic Competitiveness Grant $263,432
Federal SMART Grant $100 486
Total Total %
2007-08 2006-07 Change
$1,854,359 $1,470,776 26%
$67,490 $51,850 30%
$5,241,637 $5,114,690 2%
$694,413 $512,555 35%
$39,667 $67,363 -41%
$7,548,822 $6,902,638 9%
$339,538 $332,433 2%
$263,432 $163,700 0%
$100 486 $84 000 0%
Under- Grad/ I n complete Total Total %
graduate Prof FAFSA1 2007-08 2006-07 Change
Total Federal Aid Applications (FAFSA) 7 ,997 3 52 1,225 9,574 10,326 -7%
Fall Semester Enrollment 8 ,586 1,021 9,607 9,252 4%
Total Unduplicated Aid Recipients 5 ,574 3 11 5,885 5,736 3%
Average Aid per Student Recipient $7,633 $9,136 $8,385 $7,788 8%
Aid Recipients as % of enrolled 65% 30% 61% 62% -1%
Source: Calumet Office of Financial Aid and Student Accounts (Data as of 11/4/08) Page 3
DEBT OF GRADUATING STUDENTS3
1FAFSA = Free Application for Federal Student Aid
2Includes Scholarships/Grants and Employment Related Fee Remissions and Other Employment Related Awards;
3This information excludes PLUS Loans (parent is borrower, not student); 4Based on peer survey responses received & Common Data Set information.
Scholarships/Grants Loans Employment
Total Student Aid
(Undergraduate and Graduate)
2007-08 Total: $45,765,591
$4,317,244
9%
$14,753,960
32%
$26,694,3875
9%
50,188,867
4,564,015
16,193,101
$29,431,751
59%
2003-04 2004-05 2005-06 2006-07 2007-08
Percentage of Graduating Students with Debt:
Undergraduate 51.0% 54.0% 54.0% 55.0% 56.0%
Peer Institutions4 N/A N/A 61.0% 56.8% N/A
Average Total Debt of Graduating Students with Debt:
Undergraduate $13,998 $14,334 $16,261 $19,786 $21,272
Peer Institutions4 N/A N/A $17,678 $18,928 N/A
Percentage of Graduating Students with Debt:
Graduate 33.0% 38.0% 37.0% 34.0% 36.0%
Average Total Debt of Graduating Students with Debt:
Graduate $17,456 $19,864 $23,516 $22,510 $26,690
100,486
Other Federal Grants $750 $42,507
Subtotal $16,024,978 $168,123
Loans
Federal Stafford $22,219,502 $2,477,346
Federal Parent Loans for Undergraduate Students $2,669,347 $0
Graduate PLUS Loans $0 $110,891
Federal Perkins & Health Professions $252,260 $0
Purdue Loans $0 $0
Private Loans $1,677,373 $25,032
Subtotal $26,818,482 $2,613,269
Employment & Employment Related
Federal Work-Study Salaries $226,714 $0
Graduate Student Staff Salaries $0 $1,308,016
Other Part-Time University Salaries $1,754,013 $0
Employment Related Fee Remissions $233,570 $1,041,702
Other Employment Related Awards $0 $0
Subtotal $2,214,297 $2,349,718
Grand Total $45,057,757 $5,131,110
100,486 84,000 $43,257 $53,955 -20%
$16,193,101 $14,753,960 10%
$24,696,848 $22,259,571 11%
$2,669,347 $2,327,814 15%
$110,891 $65,879 0%
$252,260 $322,047 -22%
$0 $0 0%
$1,702,405 $1,719,076 -1%
$29,431,751 $26,694,387 10%
$226,714 $164,226 38%
$1,308,016 $1,372,303 -5%
$1,754,013 $1,667,351 5%
$1,275,272 $1,113,364 15%
$0 $0 0%
$4,564,015 $4,317,244 6%
$50,188,867 $45,765,591 10%
Student Financial Aid - IPFW December 19, 2008
FINANCIAL AID APPLICATIONS AND AWARDS 2007-08
ACTUAL 2007-08 STUDENT FINANCIAL AID AWARDS
UNDERGRADUATE COST OF ATTENDANCE 2007-08 ACADEMIC YEAR
Tuition and Fees
$5,936
28%
Room/Board
$10,012
47%
Books/Supplies
$1,300
6%
Transportation,
$2,248
11%
Misc/Personal
$1,680
8%
Resident
TOTAL:
$21,176
Tuition and Fees
$13,990
48%
Room/Board
$10,012
34%
Books/Supplies
$1,300
4%
Transportation
$2,248
8%
Misc/Personal
$1,680
6% Nonresident
TOTAL:
$29,230
Undergraduate Scholarships and Grants by
Source 2007-08
Total: $26,068,403
Private Federal University Funded State
$1,673,275
6%
$10,192,081
39%
$8,771,313
34%
$5,431,734
21%
Under- Grad/Prof Total Total %
Scholarships and Grants graduate Temp/Other 2007-08 2006-07 Change
University Scholarships, Grants &
Fee Remissions $3,557,539 $99,538 $3,657,077 $3,242,428 13%
Athletic Grant-in-Aid $1,542,665 $49,037 $1,591,702 $1,445,302 10%
State Awards $8,771,313 $47,828 $8,819,141 $7,871,414 12%
Private Awards $1,673,275 $228,269 $1,901,544 $1,795,131 6%
Fellowships $ 0 $ 0 $ 0 $ 0 0%
Under- Grad/ I n complete Total Total %
graduate Prof FAFSA1 2007-08 2006-07 Change
Total Federal Aid Applications (FAFSA) 12,972 6 11 3 39 13,922 13,763 1%
Fall Semester Enrollment 11,193 4 08 11,601 11,672 -1%
Total Unduplicated Aid Recipients 8 ,248 3 25 8,573 9,039 -5%
Average Aid per Student Recipient $8,964 $11,618 $10,291 $7,037 46%
Aid Recipients as % of enrolled 74% 80% 74% 77%
DEBT OF GRADUATING STUDENTS3
1FAFSA = Free Application for Federal Student Aid
2Includes Scholarships/Grants and Employment Related Fee Remissions and Other Employment Related Awards;
3This information excludes PLUS Loans (parent is borrower, not student);
4Based on peer survey responses received & Common Data Set information.
Scholarships/Grants Loans Employment
Total Student Aid
(Undergraduate and Graduate)
2007-2008 Total: $72,684,120
$3,229,800
4%
$26,179,354
36%
$43,274,966
60%
p %
Federal Pell Grants $8,823,485 $0 $8,823,485 $7,554,878 17%
Federal SEOG $371,948 $0 $371,948 $390,237 -5%
Federal Academic Competitiveness Grant $305,797 $0 $305,797 $96,925 215%
Federal SMART Grant $125,263 $0 $125,263 $84,514 48%
Other Federal Grants $565,588 $17,809 $583,397 $474,283 23%
Subtotal $25,736,873 $442,481 $26,179,354 $22,955,112 14%
Loans
Federal Stafford $32,598,715 $3,260,031 $35,858,746 $31,451,206 14%
Federal Parent Loans for Undergraduate Students $1,979,240 $0 $1,979,240 $1,883,766 5%
Graduate PLUS Loans $0 $0 $0 $9,489 0%
Federal Perkins & Health Professions $1,100,728 $9,000 $1,109,728 $629,748 76%
Purdue Loans $0 $0 $0 $0 0%
Private Loans $4,288,686 $38,566 $4,327,252 $3,593,446 20%
Subtotal $39,967,369 $3,307,597 $43,274,966 $37,567,655 15%
Employment & Employment Related
Federal Work-Study Salaries $278,322 $0 $278,322 $256,709 8%
Graduate Student Staff Salaries $0 $737,135 $737,135 $712,251 3%
Other Part-Time University Salaries $1,614,042 $0 $1,614,042 $1,437,052 12%
Employment Related Fee Remissions $331,530 $268,771 $600,301 $680,713 -12%
Other Employment Related Awards $0 $0 $0 $0 0%
Subtotal $2,223,894 $1,005,906 $3,229,800 $3,086,725 5%
Grand Total $67,928,136 $4,755,984 $72,684,120 $63,609,492 14%
2003-04 2004-05 2005-06 2006-07 2007-08
Percentage of Graduating Students with Debt:
Undergraduate 56.4% 59.7% 63.6% 68.0% 67.9%
Peer Institutions4 45.0% 46.2% 58.0% 60.3% N/A
Average Total Debt of Graduating Students with Debt:
Undergraduate $15,710 $17,057 $19,100 $20,299 $25,822
Peer Institutions4 $17,308 $15,500 $17,228 $20,696 N/A
Percentage of Graduating Students with Debt:
Graduate 32.5% 33.3% 35.6% 45.2% 42.2%
Average Total Debt of Graduating Students with Debt:
Graduate $23,404 $27,674 $25,406 $28,680 $33,917
Source: IPFW Office of Financial Aid (Data as of 11/04/08) Page 4
p y p
Student Financial Aid - North Central December 19, 2008
Tuition and Fees
$13,898
60%
Room/Board,
$3,340
15%
Books/Supplies
$1,677
7%
Transportation,
$2,016
9% Misc/Personal,
$1,962
9%
Nonresident
Total:
$22,893
Tuition and Fees
$6,123
41%
Room/Board,
$3,340
23%
Books/Supplies
$1,677
11%
Transportation
$2,016
14%
Misc/Personal
$1,549
11%
Resident
Total:
$14,705
UNDERGRADUATE COST OF ATTENDANCE 2007-08 ACADEMIC YEAR
FINANCIAL AID APPLICATIONS AND AWARDS 2007-08
ACTUAL 2007-08 STUDENT FINANCIAL AID AWARDS
$309,369
4%
$3,552,747
50%
$520,337
7%
$2,882,365
40%
Private Federal University Funded State
Undergraduate Scholarships and
Grants by Source
2007-2008
Total: $7,264,818
Under- Grad/ Incomplete Total Total %
graduate Prof FAFSA1 2007-08 2006-07 Change
Total Federal Aid Applications (FAFSA) 4,586 109 4,695 4,777 -2%
Fall Semester Enrollment 3 ,814 90 3,904 3,904 0%
Total Unduplicated Aid Recipients 2 ,379 30 2,409 2,380 1%
Average Aid per Student Recipient $6,408 $6,032 $6,220 $5,936 5%
Aid Recipients as % of enrolled 62% 33% 62% 61%
Under- Grad/Prof Total Total %
Scholarships and Grants graduate Temp/Other 2007-08 2006-07 Change
University Scholarships, Grants &
Fee Remissions $397,030 $4,803 $401,833 $621,705 -35%
Athletic Grant-in-Aid $33,275 $0 $33,275 $32,950 1%
State Awards $2,882,365 $9,121 $2,891,486 $2,568,657 13%
Private Awards $309,369 $28,018 $337,387 $242,660 39%
Fellowships $0 $0 $0 $0 0%
F d lP llG t $3 161 161 $0 $3 161 161 $2 687 978 18%
DEBT OF GRADUATING STUDENTS3
1FAFSA F A li ti f F d l St d t Aid
$7,222,911
37%
$11,470,58
7
60%
$503,851
3%
Total Student Aid
(Undergraduate and Graduate) 2007-2008
Total $19,197,349
Scholarships & Grants Loans Employment
2003-04 2004-05 2005-06 2006-07 2007-08
Percentage of Graduating Students with Debt:
Undergraduate 51.0% 56.0% 58.0% 63.8% 62.1%
Peer Institutions N/A N/A N/A N/A N/A
Average Total Debt of Graduating Students with Debt:
Undergraduate $8,711 $11,373 $14,156 $18,287 $19,630
Peer Institutions N/A N/A N/A N/A N/A
Percentage of Graduating Students with Debt:
Graduate
Average Total Debt of Graduating Students with Debt:
Graduate
Not Applicable
Federal Pell Grants 3,161,161 3,161,161 2,687,978 Federal SEOG $153,850 $0 $153,850 $137,554 12%
Federal Academic Competitiveness Grant $96,625 $0 $96,625 $75,261 28%
Federal SMART Grant $34,000 $0 $34,000 $40,000 -15%
Other Federal Grants $107,111 $6,183 $113,294 $72,913 55%
Subtotal $7,174,786 $48,125 $7,222,911 $6,479,678 11%
Loans
Federal Stafford $10,090,541 $192,520 $10,283,061 $8,695,349 18%
Federal Parent Loans for Undergraduate Students $399,856 $0 $399,856 $358,604 12%
Graduate PLUS Loans $0 $16,490 $16,490 $17,945 -8%
Federal Perkins & Health Professions $60,000 $0 $60,000 $40,000 50%
Purdue Loans $0 $0 $0 $0 0%
Private Loans $711,180 $0 $711,180 $590,570 20%
Subtotal $11,261,577 $209,010 $11,470,587 $9,702,468 18%
Employment & Employment Related
Federal Work-Study Salaries $119,042 $0 $119,042 $85,180 40%
Graduate Student Staff Salaries $0 $7,138 $7,138 $0 0%
Other Part-Time University Salaries $262,195 $0 $262,195 $247,615 6%
Employment Related Fee Remissions $71,446 $14,478 $85,924 $84,133 2%
Other Employment Related Awards $18,586 $10,966 $29,552 $19,460 52%
Subtotal $471,269 $32,582 $503,851 $436,388 15%
Grand Total $18,907,632 $289,717 $19,197,349 $16,618,534 16%
Source: Purdue North Central Office of Financial Aid (Data as of 11/26/08) Page 5
= Free Application for Federal Student Aid.
2Includes Scholarships/Grants and Employment Related Fee Remissions and Other Employment Related Awards.
3This information excludes PLUS Loans (parent is borrower, not student).
Purdue System-wide Financial Aid December 19, 2008
STUDENT FINANCIAL AID AWARDS AY 2006-07 & 2007-08 COMPARISON
WEST LAFAYETTE1, CALUMET, IPFW AND NORTH CENTRAL CAMPUSES
2007-2008 2006-2007
2007-2008 2006-2007 % Grad/Prof Grad/Prof % 2007-2008 2006-2007 %
Scholarships and Grants Undergraduate Undergraduate Change Temp/Other Temp/Other Change Total Total Change
University Scholarships, Grants &
Fee Remissions2 $33,744,653 $31,438,532 7% $10,768,836 $11,091,562 -3% $44,513,489 $42,530,094 5%
University Incentive Grant $5,925,032 $5,758,989 3% $6,300 $610 0% $5,931,332 $5,759,599 3%
Supplemental University Incentive Grant $674,500 $601,365 0% $260 $0 0% $674,760 $601,365 0%
Purdue Opportunity Awards $530,844 $486,114 9% $0 $0 0% $530,844 $486,114 9%
Athletic Grant-in-Aid $8,819,689 $8,531,227 3% $172,432 $97,888 76% $8,992,121 $8,629,115 4%
State Awards $39,667,040 $36,313,741 9% $275,752 $196,342 40% $39,942,792 $36,510,083 9%
Private Awards $13,870,106 $13,603,132 2% $1,229,992 $916,198 34% $15,100,098 $14,519,330 4%
Indiana Resident Top Scholars $3,119,070 $3,261,070 -4% $80,720 $65,076 0% $3,199,790 $3,326,146 -4%
Fellowships $596,983 $458,238 30% $9,075,053 $8,868,645 2% $9,672,036 $9,326,883 4%
Federal Pell Grants $34,957,066 $30,603,393 14% $19,825 $950 0% $34,976,891 $30,604,343 14%
Federal SEOG $2,669,643 $2,644,137 1% $2,080 $260 0% $2,671,723 $2,644,397 1%
Federal Academic Competitiveness Grant $1,739,217 $1,335,731 0% $0 $0 0% $1,739,217 $1,335,731 0%
Federal SMART Grant $1,174,472 $972,492 0% $0 $0 0% $1,174,472 $972,492 0%
Other Federal Grants $12,361,802 $11,648,736 6% $2,388,086 $2,138,812 12% $14,749,888 $13,787,548 7%
Subtotal $159,850,117 $147,656,897 8% $24,019,336 $23,376,343 3% $183,869,453 $171,033,240 8%
Loans
Federal Stafford $123,497,803 $110,338,323 12% $31,891,939 $28,395,590 12% $155,389,742 $138,733,913 12%
Federal Parent Loans for Undergrad Students $52,864,850 $54,023,680 -2% $60,462 $7,748 0% $52,925,312 $54,031,428 -2%
Graduate PLUS Loans $0 $0 0% $1,381,476 $1,160,391 0% $1,381,476 $1,160,391 0%
Federal Perkins & Health Professions $4,214,180 $5,641,525 -25% $947,395 $1,428,877 -34% $5,161,575 $7,070,402 -27%
Purdue Loans $4,163,443 $7,305,316 -43% $345,360 $421,400 -18% $4,508,803 $7,726,716 -42%
Private Loans $43,415,367 $43,022,242 1% $2,075,882 $1,628,715 27% $45,491,249 $44,650,957 2%
Subtotal $228,155,643 $220,331,086 4% $36,702,514 $33,042,721 11% $264,858,157 $253,373,807 5%
Employment & Employment Related
Federal Work-Study Salaries $1,920,072 $1,995,639 -4% $15,075 $27,117 -44% $1,935,147 $2,022,756 -4%
Graduate Student Staff Salaries $28,299 $52,968 0% $86,458,533 $77,996,237 11% $86,486,832 $78,049,205 11%
Oth P t Ti U i it S l i $17 457 925 $15 691 977 11% $1 858 789 $1 479 828 26% $19 316 714 $17 171 805 12%
1Includes Statewide Technology
2Includes Scholarships/Grants, Employment Related Fee Remissions and Other Employment Related Awards.
$183.9M
31%
$264.9M
44%
$146.5M
25%
Total Student Aid (Undergraduate & Graduate)
2007-08
Total: $595.2M
Scholarships/Grants Loans Employment
$13.9M
8%
$53M
32%
$61.4M
36%
$39.7M
24%
Undergraduate Scholarships and Grants by Source
2007-08
Total: $167.8M
Private Federal University Funded State
Other Part-Time University Salaries 17,457,925 15,691,977 1,858,789 1,479,828 19,316,714 17,171,805 Employment Related Fee Remissions $6,358,097 $7,606,928 -16% $30,386,950 $28,513,516 7% $36,745,047 $36,120,444 2%
Other Employment Related Awards $1,618,846 $1,632,286 -1% $397,546 $354,365 12% $2,016,392 $1,986,651 1%
Subtotal $27,383,239 $26,979,798 1% $119,116,893 $108,371,063 10% $146,500,132 $135,350,861 8%
Grand Total $415,388,999 $394,967,781 5% $179,838,743 $164,790,127 9% $595,227,742 $559,757,908 6%
Page 6
Purdue System-wide Financial Aid December 19, 2008
CENSUS DATA (REPORTED 2007 INCOME) FALL 2008 ENROLLED UNDERGRADUATE STUDENTS WHO FILED FAFSA
2007 Census Data
2007-2008 Purdue System-wide Undergraduate Resident FAFSA Filers Compared to Income
Distribution of the State of Indiana
Less than
$10,000
$10,000-
$14,999
$15,000-
$24,999
$25,000-
$34,999
$35,000-
$49,999
Less than
$50,000
$50,000-
$74,999
$75,000-
$99,999
$100,000-
$149,999
$150,000-
199,999
$200,000 &
Higher
$50,000 &
Higher
Median
income
State of Indiana* 4.4% 3.0% 8.2% 10.3% 15.9% 41.8% 23.5% 16.0% 12.6% 3.3% 2.9% 58.2% $57,734
(1,662,403 Families)
PU-WL Resident-UG 899 410 903 977 1,439 4,628 2,752 2,882 2,986 827 499 9,946 $74,183
PU-C Resident-UG 876 381 642 461 540 2,900 764 583 440 43 18 1,848 $46,222
PU-NC Resident-UG 934 260 460 363 481 2,498 588 507 365 45 14 1,519 $47,040
IPFW Resident-UG 829 480 898 759 921 3,887 1,365 956 482 94 52 2,949 $41,469
PU-WL Resident-UG 6.2% 2.8% 6.2% 6.7% 9.9% 31.8% 18.9% 19.8% 20.5% 5.7% 3.4% 68.2% $74,183
PU-C Resident-UG 18.4% 8.0% 13.5% 9.7% 11.4% 61.0% 16.1% 12.3% 9.3% 0.9% 0.4% 39.0% $46,222
PU-NC Resident-UG 23.3% 6.5% 11.5% 9.0% 12.0% 62.3% 14.6% 12.6% 9.1% 1.1% 0.3% 37.7% $47,040
IPFW Resident-UG 12.1% 7.0% 13.1% 11.1% 13.5% 56.9% 20.0% 14.0% 7.0% 1.4% 0.8% 43.1% $41,469
Purdue University
Systemwide
Undergraduate
Residents** 11.7% 5.1% 9.6% 8.5% 11.2% 46.1% 18.1% 16.3% 14.2% 3.4% 1.9% 53.9% $58,759
* 2007 American Community Survey (U.S. Census Bureau) Family Income for the State of Indiana Estimate
** Purdue University - 2007 reported income (AGI)
Less than
$10,000
$10,000-
$14,999
$15,000-
$24,999
$25,000-
$34,999
$35,000-
$49,999
Less than
$50,000
$50,000-
$74,999
$75,000-
$99,999
$100,000-
$149,999
$150,000-
199,999
$200,000 &
Higher
$50,000 &
Higher
Median
income
State of Indiana* 4.4% 3.0% 8.2% 10.3% 15.9% 41.8% 23.5% 16.0% 12.6% 3.3% 2.9% 58.2% $57,734
West Lafayette 6.2% 2.8% 6.2% 6.7% 9.9% 31.8% 18.9% 19.8% 20.5% 5.7% 3.4% 68.2% $74,183
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
<$10.0 $10.0 -
$14.9
$15.0 -
$24.9
$25.0 -
$34.9
$35.0 -
$49.9
$50.0 -
$74.9
$75.0 -
$99.9
$100.0 -
$149.9
$150.0 -
$199.9
>$200.0
Percent
Thousands of Dollars
State of Indiana System-wide Undergraduate Residents
System-wide
Undergraduate
Residents** 11.7% 5.1% 9.6% 8.5% 11.2% 46.1% 18.1% 16.3% 14.2% 3.4% 1.9% 53.9% $58,759
* 2007 American Community Survey (U.S. Census Bureau) Family Income for the State of Indiana Estimate
** Purdue University - 2007 reported income (AGI)
Page 7
Presentation
to the
Finance Committee of the
Board of Trustees
December 19, 2008
Student Financial Aid
Total Student Aid
West Lafayette Campus
Total: $451.3 million
Total Student Aid
(Undergraduate and Graduate)
2007-2008
$171.0
38%
$180.7
40%
$101.4
22%
Scholarships/Grants
(millions)
Loans (millions)
Employment
(millions)
Total: $283.4 million
Total Student Aid
(Undergraduate)
2007-2008
$118.2
42%
$150.1
53%
$15.1
5%
Scholarships/Grants
(millions)
Loans (millions)
Employment
(millions)
1 1
1 Includes Scholarship/Grants, Institutional/Statutory Fee Remissions, Employment Related Fee Remissions and Other
Employment Related Awards.
West Lafayette
Total Merit and Need Based Aid Meeting Need
Balance
Undergraduates
2006-2007 2007-2008
Total Aid:
Meets Financial Need $145.9 M (52.4%) $152.5 M (53.8%)
Merit/Non-Need $132.4 M (47.6%) $130.9 M (46.2%)
Graduates
Total Aid:
Need Based $ 38.2 M (24.6%) $ 41.5 M (24.5%)
Merit/Non-Need $ 117.2 M (75.4%) $ 128.1 M (75.4%)
Undergraduate Student Loan Debt
and
Student Loan Default Rates
2006-07 %1 2007-08 %1 Increase
PURDUE
Average Debt ALL $ 21,636 48.2% $ 23,087 52.1% $ 1,451
Resident $ 19,270 72.6% $ 19,864 75.5% $ 594
Non-Resident $ 27,906 27.4% $ 33,033 24.5% $ 5,127
NATIONAL STUDENT
LOAN DEBT 2 $ 22,700 60.0% N/A N/A N/A
BIG TEN DEBT RANGE 3 $16,772 to $26,300 $16,748 to $26,800
Percent with Debt 42% to 67% 43% to 69%
STUDENT LOAN DEFAULT
Purdue .8% .8%
National 5.2%
4-Year Public Ranges 3.4%
Source: 1 Percentage undergrads graduating with debt____________
2 College Board, “Trends in Financial Aid”
3 Big Ten Survey
West Lafayette
Federal Pell Grant Recipients
2006-07 2007-08 Change
Purdue-W.Lafayette 5,331 5,634 303
(includes Technology Statewide)
% of Enrollment 16% 17% 1%
Big Ten
Average Percentage Pell 15% 16% 1%
Source: Big Ten
Purdue System-wide
Total Student Aid
(Undergraduate and Graduate)
2007-2008
$264.9
45%
$222.6
37%
$107.7
18%
Scholarships/Grants
(millions)
Loans (millions)
Employment (millions)
Total: $595.2 Million
Total Student Aid
(Undergraduate and Graduate)
2006-2007
$253.4
46%
$209.1
37%
$97.2
17%
Scholarships/Grants
(millions)
Loans (millions)
Employment (millions)
Total: $559.7 Million
2007-2008 Purdue System-wide Undergraduate Resident FAFSA Filers
Compared to Income Distribution of the State of Indiana
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
<$10.0 $10.0 -
$14.9
$15.0 -
$24.9
$25.0 -
$34.9
$35.0 -
$49.9
$50.0 -
$74.9
$75.0 -
$99.9
$100.0 -
$149.9
$150.0 -
$199.9
>$200.0
Thousands of Dollars
Percent
State of Indiana System-wide Undergraduate Residents
Economic Crisis
Impact On Our Students
• Federal Student Loans Remain Available.
• Private Student Loans – But Those with Moderate Credit Scores Pay
Higher Interest Rates.
• Financial Aid Appeals Have Increased.
• $200 Million Government Intervention in the Credit Market.
Effect of the Economy on Parents of New Freshmen,
Preliminary Results
Source: Eduventures, “Effect of the Economy on Parents of New Freshmen,” N=7,100+ (Summary Report available January 2009)
Effect of the Economy on Parents of New Freshmen,
Preliminary Results
Source: Eduventures, “Effect of the Economy on Parents of New Freshmen,” N=7,100+ (Summary Report available January 2009)
Effect of the Economy on Parents of New Freshmen,
Preliminary Results
Source: Eduventures, “Effect of the Economy on Parents of New Freshmen,” N=7,100+ (Summary Report available January 2009)
Effect of the Economy on Parents of New Freshmen,
Preliminary Results
Source: Eduventures, “Effect of the Economy on Parents of New Freshmen,” N=7,100+ (Summary Report available January 2009)
__________________________________________________________________________________________
Hovde Hall, Room 230 • 610 Purdue Mall • West Lafayette, IN 47907-2040 • (765) 494-9705 • Fax: (765) 494-9062
OFFICE OF THE EXECUTIVE VICE PRESIDENT FOR
BUSINESS AND FINANCE AND TREASURER
FC Action Item 2
December 19, 2008
Q-1-c
December 20, 2008
December 5, 2008
To: Members of the Board of Trustees
Fr: James S. Almond
Interim Executive Vice President
for Business and Finance and Treasurer
Re: Approval of Vincent P. Reilly Memorial Fund
The Vincent P. Reilly (BSME ’22) estate established an endowment at Purdue in 1970 to be used to promote the
achievement of excellence in engineering education. Since its creation, the Reilly Memorial Fund has supported
numerous educational endeavors as well as the Reilly Professorship in the College of Engineering. Per the Reilly
Endowment agreement, proposals for expenditures from the fund are submitted by the Dean of the College of
Engineering to the Vincent P. Reilly Committee, made up of the President of the Purdue Alumni Association and
two members of the Board of the Purdue Alumni Association. With the Committee’s approval, the request is
forwarded to The Board of Trustees of The Trustees of Purdue University for final approval.
The process followed by the College of Engineering and the Reilly Committee requests the authorization of a
fixed dollar level of expenditures over an estimated time frame. The enclosed proposal officially requests $10.8
million of expenditures to support strategic priorities of the College of Engineering from January 2009 to June
2014. The most recent Reilly Fund authorization for $4.5M was approved in December 2006 for calendar year
2007 through calendar year 2009. The endowment distribution has been higher than the projection made several
years ago. Income from the fund will exceed the current authorized level with just a portion of the January 2009
distribution. Therefore, the Reilly Committee is requesting a new authorization for future expenditures.
The College of Engineering has secured the required approvals from the Reilly Committee and has formally
requested the review and approval of the enclosed proposal at the December 20, 2008, Stated Meeting of the
Board of Trustees.
If you have any questions regarding the proposal or the authorization process prior to the meeting, please call me
at (765) 494-9705.
Enclosure
c: President France A. Cordova
Secretary Rosanna M. Behringer
Legal Counsel Anthony S. Benton
Interim Vice President John R. Shipley
PURDUE UNIVERSITY COLLEGE OF ENGINEERING
REQUEST TO VINCENT P. REILLY MEMORIAL FUND
JANUARY 1, 2009 – JUNE 30, 2014
______________________________________________________________________________
Vincent P. Reilly (BSMA 1922) bequeathed a sum of money to Purdue for promoting the
achievement of excellence in engineering education. Over the years, the Reilly Memorial Fund
has supported numerous educational endeavors as well as the Reilly Professorship in
Engineering. The Dean of the College of Engineering submits proposals for expenditures from
the fund to the Vincent P. Reilly Committee, made up of the President of the Purdue Alumni
Association and two members of the Purdue Alumni Association Board. With the Board’s
approval, this request is forwarded to the Purdue University Board of Trustees for final approval.
Today there are major forces driving change in engineering. The profession is becoming more
global every day. This changes how we think about research collaborations and opportunities, it
changes the nature of our research and our engagement, it changes who our students are, and it
changes the experiences our students will need in order to compete and thrive in the global
profession.
A second dramatic change that has already affected engineering is in the growth of
interdisciplinary research. The greatest strides in engineering, and in other fields, are happening
at the boundaries, where disciplines meet. Sensors and simulation, nano-materials and
electronics, energy and environment, and healthcare and engineering are just a few examples.
A third challenge is the phenomenal rate of technological change. The doubling of technology
knowledge every five years or less has profound implications for curriculum, continuous
learning, and collaboration.
Students entering the world of engineering have distinct interests and concerns that reflect their
experience. They are focused on environment and sustainability, alternative energy sources,
intelligent systems, integrated media, and virtual reality. Whether they are studying in Europe or
Asia, North or South America, Africa or beyond, they all want to make a difference. Our
challenge is to live up to their expectations; to create the educational experiences that will allow
them to make the difference they care so passionately about. This will be the hallmark of the
great global universities.
Purdue Engineering is uniquely positioned to rise to world preeminence, drive research agendas
which respond to the challenges and opportunities of the 21st Century, and shape engineers who
will impact the global engineering profession and society. There are three goals that we will
focus on as we voyage into a new world:
Goal 1: Graduates Effective in a Global Context
Purdue Engineers will be prepared for leadership roles in responding to the global,
technological, economic, and societal challenges of the 21st Century. Our graduates will be
ready to make a difference at home and around the globe by
a) adding value and innovation to engineering projects and collaborations,
b) identifying and addressing significant problems and opportunities,
c) learning and broadening professionally and as a citizen throughout life,
d) engaging with critical stakeholders, high performance teams, and knowledge networks,
e) celebrating diversity and respecting differences in ideas, people and cultures,
f) leading from a global perspective and commitment to a sustainable future.
Goal 2: Research of Global Significance
We will focus our talent and facilities on projects with great potential for expanding the
boundaries of science and technology and addressing the global challenges and opportunities of
the 21st Century. Our research will serve society by
a) translating what is known across disciplines to innovate effective and sustainable
solutions to local and global societal challenges,
b) discovering breakthrough science and disruptive technologies that change paradigms
and create technology revolutions,
c) engaging critical stakeholders to help appropriately identify and solve problems
of concern to society and to anticipate and respond to opportunities presented in the
dynamic global market,
d) stimulating creativity and high performance through knowledge networks and flexible,
vibrant, risk‐tolerant environments,
e) leading from a global perspective and commitment to a sustainable future.
Goal 3: Empowering Our People; Enriching Our Culture
Together, WE – Faculty, Staff, and Students – will make the environment in which we work,
create, and study, the best in the world for the creative intellect we already have and the talent
that will join us. Our Faculty, Students and Staff will serve, create, and learn by
a) continually learning and improving,
b) acting on opportunities and taking risks,
c) engaging with critical stakeholders and knowledge networks,
d) creating a mutually supportive and inclusive community,
e) adding value to teams, committees, projects, and relationships,
f) recognizing and responding to the needs and concerns of guests, peers, students, and
colleagues,
g) leading from a global perspective and commitment to a sustainable future.
Funding from the Reilly Memorial Fund assists the College of Engineering with our goals to
help prepare Purdue engineers for leadership roles in responding to the challenges of the 21st
Century, researching with global significance, and creation of an enriched and empowered
culture.
In support of this vision, the College of Engineering requests your approval of authorization
to spend $10,800,000 over the next five and one-half calendar years (2009-2014) from the
Vincent P. Reilly Fund.
Goal 1: Graduates Effective in a Global Context - $2,300,000
Educating “Renaissance” Engineers for the 21st Century World
We will provide learning experiences that develop the knowledge, abilities, and qualities
necessary for 21st century engineering students to graduate with a Global perspective,
commitment to continuous personal improvement, and readiness to translate their education and
experiences to success as global professionals and as citizens of our world. These funds will be
used to support initiatives such as the curriculum reform project, expansion of the Honors
program, expansion of cooperative work experiences and internships to include international
experiences and experiences for international students, support multi-mode delivery of
educational content, and support student community engagement.
Giving Our Students the “Wings” to Succeed
We will provide students a winning atmosphere, safe learning environment, and easy access to
services that address the “holistic” needs of the student and help them thrive from start to finish
as they pursue their dreams. These funds will support student recruitment and retention
initiatives, provide fellowships and scholarship resources to remove barriers to education,
support programs that support freshmen, underrepresented minorities and women in engineering.
Making a Difference in the World
We will engage students, faculty, staff, and a range of partners to learn about and address the
complex, systemic problems that challenge global citizens. These funds will be used to expand
Engineering Projects in Community Service (EPICS), fund programs that integrate research and
learning teams, fund projects exposing teams to broad range topic discussions, and improve
student and faculty mobility and technology-enhanced communications and networking to make
teams more effective and productive.
Goal 2: Research of Global Significance - $4,375,000
Leveraging Research Prowess for Maximum Impact
We will respond to the complex demands of society for humanitarian and economic progress by
leveraging the great strength of our expertise, facilities, and international networks to mobilize
powerful teams to tackle the enormous challenges and opportunities that face the world today.
These funds will be used to leverage cost sharing for sponsored programs, to provide seed
funding for new research initiatives, to provide gap funding to support employment of research
staff during peaks and valleys in funding, to build research communities, to provide support for
undergraduate students participating in research, to leverage external and internal funding for
research facilities, and to provide funding for surge space during the construction of new
research facilities.
Taking Risks, Fueling Innovation
We will fuel invention, breakthrough discoveries, and innovations across our three mission areas
by creating an environment that stimulates curiosity, fosters risk-taking, and provides intellectual
space and freedom to explore and evolve ideas to see where they will lead. These funds will be
used to support “think tanks” and “Skunkworks”/”Gordon Conference” type environments,
provide resources for 21st Century “Renaissance” scholars to coach students.
Goal 3: Empowering Our People; Enriching Our Culture - $4,125,000
Developing “Virtuoso” Faculty Talent
We will transform engineering education and produce transformative research by embodying the
attributes identified for 21st Century global leadership and success as a Purdue Engineering
professional. These funds will be used to support our growing need to provide robust start-up
packages to new faculty and new heads, to provide discretionary funds for our growing number
of National Academy of Engineering (NAE) members, to increase funding for professorships,
and to support leadership and management development of faculty so they can envision and lead
research programs, assume administrative appointments, excel as teachers, and mentor the next
generation. Funds will also continue to support the Reilly Professorships.
Inspiring Leadership, Realizing Dreams, Achieving Success
Together, we will create a climate where every person is treated with respect, empowered to
succeed, and contributes to raising the visibility and reputation of the college and a Purdue
Engineering degree. In short, we will make Purdue the place we choose to be even when we have
opportunities to go elsewhere. These funds will be used to foster staff advancement and
community building, to support integration of multicultural and diversity representation, and
provide resources and recognition to faculty, students and staff needed in order to achieve
success. An investment in these areas provides the necessary incentives and physical
infrastructure to recruit, retain, and develop world-class faculty and staff.
Creating a “Web” of Resources and Connections
We will provide access to education, research, and expertise by using technology to share tools
and information, and provide access to course, degrees, and expertise. These funds will be used
to provide support for creating the leading networked cyberinfrastructure (CI), to support Open
Courseware initiative, embed CI into research activities, expand audience for and improve
delivery of on-line and distance science and engineering education, improve IT infrastructure
and support to create a cybertechnology team to exploit the power of the web.
Financial support from the Reilly Memorial Fund has played an important role in the
enhancement of engineering education for many years. Thank you for considering our
request to direct the Reilly Funds to our key initiatives.