Thursday, May 07, 2009

Tuition and need-based aid

The Stranded Preposition made, as SP is wont to do, a very nice point about yesterday's post, specifically the graphic ...
One question, any chance of showing the same graphic with the cost of tuition next to the financial aid?
Well, I've just dumped the numbers into Excel — yesterday's on need-based aid plus tuition from here. I adjusted the scale (total aid in 1,000s but tuition in full numbers). There are four relevant tuition rates, undergrad and grad and resident and non-resident.

Click on image to see a view that you can make sense of. And if you prefer the numbers:

Basically, we're a little lower than anybody but Iowa for in-state undergrad, in the middle of the pack for in-state grad, and fourth highest in out-of-state grad, but ridiculously behind in aid. The cost of non-resident grad tuition is a huge problem, for reasons that have to wait for another post.

I'm in a hurry right now and haven't had time to ponder these, but hope this might promote a little discussion. I really want to understand this issue and all of us involved in higher education need to.


Anonymous said...

So, UW is trying to finance things on the back of the vast pool of non-resident grads?

The Stranded Preposition said...

First, thanks for the numbers and pix.

Second, I wonder if the non-resident grad level is due to past attempts to recoup grad funny-money, assuming a sizable number of non-res grads would only come with funding in hand.

Third, back to the numbers. So, is the take from other Verbites that UW is trying to to get up to U of MN? They are the closest peer and competitor for reasons of tuition compacts (or whatever they're called), pronunciation of /o/, etc.

One last request. Would it be possible to see the numbers where Chancellor Martin projects we'll be should her initiative be successful? In other words, what is her anticipated percent increase in each of your columns? And, not to drag this out further, what would the anticipated effect be if the Education Optimists and others are right that the net effect is to effectively outprice the lower and low-middle income students? Maybe that's not measurable in this way.