Florida Bright Futures Scholarship Program

Transcription

1 Florida Bright Futures Scholarship Program *Top Scholars number also in FAS Renewals Initials DIVISION BY AWARD GAA November 16, 016 Consensus FY Actual FY FY FY Universities $ / Hour Hours Hours # Awards COST $ # Awards COST $ # Awards COST $ # Awards COST $ # Awards COST $ # Awards COST $ # Awards COST $ 1 Academic Scholar , , , , , , , *Top Scholar (stipend only) Medallion Scholar , , , , , , , Gold Seal Vocational Scholar Gold Seal CAPE Scholar Total 99,88 $ ,197 $ ,878 $ ,814 $ ,970 $ ,057 $ ,641 $ Colleges LOWER 8 Academic Scholar , ,631.,00.8,46 3.1,364 3., , *Top Scholar (stipend only) Medallion Scholar , , , , , , , Gold Seal Vocational Scholar , , Gold Seal CAPE Scholar , , , , Total 10,78 $ 1.5 7,886 $ 9.7 8,815 $ ,781 $ ,063 $ ,087 $ ,11 $ Colleges UPPER 15 Academic Scholar *Top Scholar (stipend only) Medallion Scholar , Gold Seal Vocational Scholar Gold Seal CAPE Scholar Total 1,36 $ $ $ $ $ $ $ TOTAL COSTS, ALL LEVELS Academic Scholar 40, , , , , , , *Top Scholar (stipend only) Medallion Scholar 68, , , , , , , Gold Seal Vocational Scholar 1, , , Gold Seal CAPE Scholar , , , , GRAND Total 110,80 $ , , , , , , Reserve for Dropped Hours to be Refunded $ Total Cost + Reserve $ Appropriation $ $ Change / Prior Year: (17,743) $ (30.9) (15,084) $ (5.0) (1,613) $ 1.5 (0) $ 1.6,675 $ 6.9,334 $ 5.9 1,741 $ 4. FY FY 00-1 FY Initial Awards 4,677 5,388 3,115 3,405 3,597 3,364 3, Renewal Awards 86,15 70,330 61,990 61,498 63,981 66,548 68, Initial Awards Details All Graduates (YR Prior to BF FY) Est HS Grads FY Enrolling FY ,753 Est HS Grads FY Enrolling FY ,594 Est HS Grads FY Enrolling FY ,35 Est HS Grads FY Enrolling FY ,415 Est HS Grads FY Enrolling FY ,630 Est HS Grads FY 19-0 Enrolling FY ,147 Est HS Grads FY 0-1 Enrolling FY 1-06,3 38 Percent Standard Graduates of Total 9.6% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 39 Standard Graduates 181,6 181, ,8 190, ,1 189, , Bright Futures Initials 4,677 5,388 3,115 3,405 3,597 3,364 3, Percent Initials/Total Grads 1.6% 1.9% 16.0% 15.8% 15.8% 15.8% 15.8% 4 Percent Initials/Standard Grads 13.6% 14.0% 17.% 17.0% 17.0% 17.0% 17.0% 1

2 Florida Bright Futures Scholarship Program Consensus minus Consensus DIVISION BY AWARD FY FY FY FY FY FY 00-1 FY 01- Hours for Hours for Universities Renewals Initials # Awards COST $ # Awards COST $ # Awards COST $ # Awards COST $ # Awards COST $ # Awards COST $ # Awards COST $ 1 Academic Scholar (147) (0.3) (1,161) (.9) (,305) (5.9) (3,631) (9.3) (4,450) (11.4) (5,017) 18.4 (4,68) (10.8) *Top Scholar (stipend only) (8) (0.0) (16) (0.0) (6) (0.0) (30) (0.0) (30) (0.0) (31) (0.0) (31) (0.0) 3 Medallion Scholar (584) (0.5) (3,05) (4.9) (1,140) (1.4) (1,694) (.5) (1,844) (.9) (,311) (10.4) (3,351) (5.5) 4 Gold Seal Vocational Scholar (6.6) (0.0) (3) (0.0) (1) (0.0) (6) (0.0) (31) (0.1) (37) (0.0) 5 Gold Seal CAPE Scholar Total (731) $ (0.8) (4,09) $ (7.8) (3,46) $ (7.) (5,337) $ (11.9) (6,36) $ (14.) (7,5) $ 8.0 (7,50) $ (16.3) 7 8 Colleges LOWER 9 Academic Scholar (135) (0.0) (16) (0.1) (41) (0.) (176) (0.1) (105) 0.0 (110) 0.7 (96) (0.0) 10 *Top Scholar (stipend only) Medallion Scholar (1,77) (0.9) (1,744) (1.6) (819) (0.6) (18) (0.1) Gold Seal Vocational Scholar 0.4 (1.8) (16) (0.1) () (0.0) (461) (0.5) (78) (0.8) (905) (0.9) (94) (0.5) (957) (0.9) 13 Gold Seal CAPE Scholar , , , , Total (1,48) $ (1.0) (1,98) $ (1.7) (986) $ (0.8) 385 $ $ $ 1.4 1,047 $ Colleges UPPER 17 Academic Scholar *Top Scholar (stipend only) Medallion Scholar 1, Gold Seal Vocational Scholar Gold Seal CAPE Scholar Total 1,36 $ $ $ $ $ $ $ TOTAL COSTS, ALL LEVELS 5 Academic Scholar (184) (0.) (1,34) (.8) (,466) (5.9) (3,73) (9.3) (4,454) (11.) (5,005) (1.6) (4,35) (10.6) 6 *Top Scholar (stipend only) () (0.0) (14) (0.0) (3) (0.0) (7) (0.0) (7) (0.0) (8) (0.0) (8) (0.0) 7 Medallion Scholar (736) (0.3) (4,3) (5.9) (1,67) (1.6) (1,479) (1.9) (1,146) (1.7) (1,317) (.3) (,1) (3.9) 8 Gold Seal Vocational Scholar (3) (0.1) (45) (0.0) (44) (0.5) (794) (0.8) (931) (0.9) (973) (1.0) (994) (1.0) 9 Gold Seal CAPE Scholar , , , , GRAND Total (93) $ (0.6) (5,50) $ (8.8) (4,000) $ (7.6) (4,644) $ (10.7) (4,876) $ (1.3) (5,489) $ (14.3) (5,564) $ (13.9) 31 FY FY FY FY FY FY 00-1 FY 01-3 Initial Awards (94) (77) Renewal Awards (69) (5,5) (4,54) (4,94) (5,113) (5,84) (6,06)

3 A B C D E F G H I J K L M N O P Q R S T U 1 FTE AWARDS Actual Actual 3 Ave Maria University Barry University,150,038 1,864 1,74 1,618 1, ,485 1, ,389 1,88 5 Beacon College Bethune-Cookman College 1,816 1,853,03,048 1,848 1, ,844 1, ,84 1,781 7 Clearwater Christian College Eckerd College Edward Waters College Embry-Riddle Aeronautical University ,014 1, ,101 1, ,38 1, Everglades University Flagler College 1,991 1,91 1,880 1,763 1,687 1, ,645 1, ,506 1,49 13 Florida College Adventist University of Health Sciences Florida Institute of Technology ,114 1,101 1,094 1, ,19 1, ,083 1, Florida Memorial University Florida Southern College 1,164 1,148 1,3 1,4 1,34 1,34 0 1,379 1, ,461 1,54 18 Hodges University 1,84 1,17 1, Jacksonville University 1,11 1,065 1,14 1,065 1,00 1, ,44 7 1,98 1,396 0 Johnson University Keiser University 3,635 3,88 4,031 4,85 6,07 6,01-6 6,858 6, ,640 7,05 Lynn University Nova-Southeastern University 3,146,743,590,439,360,360 0,1,58 37,157,071 4 Palm Beach Atlantic University 1,18 1,180 1,300 1,30 1,301 1, ,313 1, ,194 1,155 5 Ringling School of Art & Design Rollins College 1,47 1,79 1,304 1,354 1,345 1, ,376 1, ,365 1,369 7 Southeastern College 1,095 1,068 1,307 1,483 1,649 1, ,908 1,899-9,151,435 8 St. Leo University,717,71,566,647,307,307 0,0, ,887,998 9 St. Thomas University Stetson University 1,567 1,608 1,678 1,704 1,807 1, ,907 1, ,884 1, The Baptist College of Florida University of Miami 3,497 3,541 3,41 3,39 3,03 3,03 0,97, ,634, University of Tampa 1,501 1,438 1,499 1,473 1,455 1, ,447 1, ,574 1, Warner University Webber International University TOTAL FTE AWARDS 36,541 36,156 36,57 37,087 37,331 37, ,16 38, ,658 38,619 39,161 39,40 39,670 39,77 40,186 40,398 40,708 41, Year-to-Year Growth Rate -1.1% 1.0% 1.5% 0.7% 0.6%.%.% 1.3% 1.3% 1.3% 1.6% 1.3% 1.% 1.3% 1.7% 1.3% 1.9% 38 Maximum Award $,149 $,150 $,150 $3,000 $3,000 3,000.0 $0 $3,000 $3,000 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3, Cost ($ millions) $73.6 $75.1 $89.5 $111.3 $11.0 $ $0.1 $114.5 $ $0.1 $116.0 $115.9 $117.5 $117.7 $119.0 $119. $10.6 $11. $1.1 $ FY is based on DOE's estimated fall term to end-of-year enrollment using historical ratios.. FYs and reflect the DOE estimate, which is based on a rolling three-year average growth for each institution. 3. FY and subsequent years are based on the average of the DOE and EDR forecasts for total awards. 4. No changes to the institutions eligible for FRAG are assumed. Florida Resident Access Grant FTE Awards History and Consensus Forecast 3

4 A B C D E F G H I J K L M N O P Q R S T U 1 FTE AWARDS Actual Actual 3 AI Miami Intntl Univ of Art and Design Carlos Albizu University Columbia College - Orlando Florida National College Herzing University Johnson & Wales University Johnson University National Louis University - Tampa Northwood University - West Palm Beach Polytechnic University of Puerto Rico South University - West Palm Beach Springfield College Trinity International University Union Institute & University Universidad Del Este Universidad Del Turabo Universidad Metropolitana TOTAL FTE AWARDS,98,858 3,697 3,349 3,45 3,43-3,19 3, ,133 3,194 3,181 3,3 3,8 3,71 3,75 3,310 3,3 3,350 1 Year-to-Year Growth Rate -.4% 9.4% -9.4% -3.1% -3.% -3.6% -.7% 1.6% 1.% 1.5% 1.% 1.5% 1.% 1.5% 1.% 1.4% 1.% Maximum Award $803 $803 $1,161 $1,500 $1,500 $1,500 $0 $1,500 $1,500 $0 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 3 Cost ($ millions) $.4 $.3 $3. $5.0 $4.9 $4.9 $0.0 $4.7 $4.7 $0.0 $4.7 $4.8 $4.8 $4.8 $4.8 $4.9 $5.0 $5.0 $ FY is based on DOE's estimated fall term to end-of-year enrollment using historical ratios.. FY and subsequent years are based on the growth rate in total students (excluding Johnson Univ) = 1.%. 3. No changes to the institutions eligible for ABLE are assumed. Access to Better Learning and Education Grant FTE Awards History and Consensus Forecast 4

5 A B C D E F G H I J K L M N O P Q R S T U 1 Awards Actual Actual 3 Public 88,004 9,590 89, , , , , , , ,63 111, ,97 4 Private 14,58 14,360 15,807 16,617 15,480 15, ,690 16,444 16,363 16,646 16,630 16,690 5 Postsecondary 11,16 10,686 10,788 10,91 9,161 9, ,997 9,918 9,915 10,00 10,07 10,063 6 Career Education 3,858 3,8 3,864 3,79 3,594 3, ,870 3,767 3,794 3,859 3,856 3,885 7 Total Awards 117,660 11, ,99 131,87 133, , , , ,95 135, , , ,09 139, , , ,95 143,935 8 Year-to-Year Growth Rate 3.% -1.% 9.9% 1.3% 1.% 0.% 0.0% 0.8% 1.8% 0.8% 1.7% 0.8% 1.3% 0.8% 1.5% 0.8% 1.4% 9 State Average Award $1,100 $1,067 $1,110 $1,116 $1,100 $1,101 $ $1,109 $1,113 $4 $1,100 $1,111 $1,100 $1,109 $1,100 $1,111 $1,100 $1,111 $1,100 $1, Cost ($ millions) $19.4 $19.6 $133. $147.1 $146.9 $146.9 $0.0 $148.4 $148.4 $0.0 $148.4 $150.8 $149.6 $153.1 $150.8 $155.3 $15.0 $157.6 $153. $ FY is based on DOE's estimated fall term to end-of-year enrollment using historical ratios.. FY and subsequent years are based on an increase to the total appropriation equal to Florida population growth. 3. The sector allocations are adjusted each year based on the otherwise eligible student population. Florida Student Assistance Grant Awards History and Consensus Forecast 5

6 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Jul Jul Actual Actual Actual Actual Actual Actual 1 Initial Eligible Applicants Initial Students Disbursed (1) Renewal Students Disbursed (14) (4) 1,081 1,048 (33) 1,37 1,176 (61) 1,381 1,94 (87) 1,509 1,405 (104) 4 Total Students ,048 1,033 (15) 1,38 1, ,47 1, ,638 1, ,83 1,80 (1),005 1,977 (8),150,18 () 5 Total Cost ($ millions) $.8 $.9 $.9 $3.3 $4.0 $4.0 $0.0 $4.8 $5.0 $0. $5.6 $5.8 $0.3 $6.5 $6.6 $0. $7.3 $7.4 $0.1 $8.1 $8.1 $0.0 $8.8 $8.8 $0.1 6 Increase over Prior Year ($ millions) $0.3 $0.1 $0.0 $0.4 $0.7 $0.7 $0.8 $1.0 $0.8 $0.8 $0.9 $0.8 $0.8 $0.8 $0.8 $0.7 $0.7 $0.7 7 Average Award $3,444 $3,778 $3,88 $3,855 $3,813 $3,868 $55 $3,855 $3,903 $48 $3,898 $3,950 $5 $3,94 $3,999 $57 $3,986 $4,049 $63 $4,030 $4,10 $7 $4,075 $4,155 $80 8 Actual Appropriation $.4 $.9 $.9 $3.1 $3.5 $3.5 $4.9 $4.9 9 Within/(Exceeds) Appropriation ($0.3) $0.0 ($0.0) ($0.) ($0.5) ($0.5) $0.1 ($0.1) Scholarships for Children and Spouses of Deceased or Disabled Veterans Awards History and Consensus Forecast 10 d Appropriation $5.6 $5.8 $6.5 $6.6 $7.3 $7.4 $8.1 $8.1 $8.8 $ Incremental Increase to Appropriation $0.7 $1.0 $0.9 $0.8 $0.8 $0.8 $0.8 $0.7 $0.7 $ Increase in Initial Applicants 85.1% 104.8% 108.9% 1.0% 115.6% 115.6% 104.7% 117.4% 110.8% 111.3% 108.8% 108.0% 106.8% 106.0% 104.8% 106.0% 10.8% 105.9%. % Applicants Awarded 69.8% 6.0% 61.6% 73.1% 79.7% 79.5% 8.7% 80.5% 8.7% 80.6% 8.7% 80.6% 8.7% 80.7% 8.7% 80.7% 8.7% 80.7% 3. % Students Renewing 73.% 68.% 69.3% 68.8% 7.3% 70.6% 74.0% 75.4% 74.0% 71.1% 74.0% 71.1% 74.0% 71.1% 74.0% 71.1% 74.0% 71.1% 4. Increase in Average Award 108.% 109.7% 101.3% 100.7% 98.9% 100.3% 101.1% 100.9% 101.1% 101.% 101.1% 101.% 101.1% 101.3% 101.1% 101.3% 101.1% 101.3% 5. Increase in Total Students 10.5% 94.9% 99.7% 113.0% 11.6% 119.8% 118.1% 14.% 115.3% 114.9% 114.8% 11.3% 111.8% 110.0% 109.4% 108.6% 107.% 107.6% 6

7 A B C D E F G H I J K L M N O P Q R S T U V W Actual Actual Actual Benacquisto Scholarship Program Awards History and Consensus Forecast 1 INITIAL STUDENTS (71) (80) (71) (6) (53) (44) Percentage of Total 444 d Scholars 45% 60% 60% 7% 56% 78% 60% 78% 6% 78% 64% 78% 66% 78% 68% 3 Average Cost of Attendance $1,140 $1,114 $1,097 -$17 $1,35 $1,87 -$38 $1,538 $1,500 -$38 $1,753 $1,715 -$38 $1,971 $1,93 -$39 $,191 $,151 -$40 $,413 $,373 -$40 4 Average National Corp. Award $1,77 $1,003 $1,003 $0 $1,003 $1,003 $0 $1,003 $1,003 $0 $1,003 $1,003 $0 $1,003 $1,003 $0 $1,003 $1,003 $0 $1,003 $1,003 $0 5 Average Bright Futures Award $3,003 $3,064 $3,049 -$15 $3,064 $3,049 -$15 $3,064 $3,049 -$15 $3,064 $3,049 -$15 $3,064 $3,049 -$15 $3,064 $3,049 -$15 $3,064 $3,049 -$15 6 Average Initial Award $16,860 $17,047 $17,044 -$3 $17,58 $17,34 -$4 $17,471 $17,447 -$4 $17,686 $17,66 -$4 $17,904 $17,879 -$5 $18,14 $18,098 -$6 $18,346 $18,30 -$6 7 Total Cost for Initial Students $3.4 $4.5 $4.5 $0.0 $5.5 $4.3 -$1. $6.0 $4.6 -$1.4 $6.1 $4.9 -$1.3 $6. $5.1 -$1.1 $6.3 $5.3 -$1.0 $6.3 $5.5 -$0.8 8 RENEWAL STUDENTS () (69) (140) (195) (186) (163) 9 Average Cost of Attendance $1,469 $1,158 -$311 $1,684 $1,348 -$336 $1,901 $1,561 -$340 $,10 $1,777 -$343 $,341 $1,995 -$346 $,564 $,15 -$349 $,790 $,437 -$ Average National Corp. Award $57 $57 $0 $57 $57 $0 $57 $57 $0 $57 $57 $0 $57 $57 $0 $57 $57 $0 $57 $57 $0 11 Average Bright Futures Award $3,337 $3,06 -$311 $3,337 $3,06 -$311 $3,337 $3,06 -$311 $3,337 $3,06 -$311 $3,337 $3,06 -$311 $3,337 $3,06 -$311 $3,337 $3,06 -$311 1 Average Renewal Award $17,605 $17,605 $0 $17,80 $17,795 -$5 $18,037 $18,008 -$9 $18,56 $18,4 -$3 $18,477 $18,44 -$35 $18,700 $18,66 -$38 $18,96 $18,884 -$4 13 Total Cost for Renewal Students $0.0 $3.3 $3.3 $0.0 $7.4 $7.3 $0.0 $1. $10.9 -$1.3 $14.6 $1.0 -$.6 $15.9 $1.3 -$3.6 $16.5 $13.0 -$3.5 $16.7 $13.6 -$ TOTAL NUMBER STUDENTS (73) 1,0 873 (149) 1, (11) 1, (57) 1,7 988 (39) 1,7 1,00 (07) 15 TOTAL PROGRAM COST $3.4 $7.8 $7.8 $0.0 $1.9 $11.6 -$1.3 $18. $15.6 -$.7 $0.7 $16.8 -$3.8 $.1 $17.4 -$4.7 $.7 $18.3 -$4.5 $3.0 $19.1 -$ Actual Appropriation $4.9 $8.4 $8.4 $0.0 $13.0 $ Within/(Exceeds) Appropriation $1.5 $0.6 $0.6 $0.0 $0.0 $ d Appropriation $18. $15.6 $0.7 $16.8 $.1 $17.4 $.7 $18.3 $3.0 $ Incremental Increase to Appropriation $5.3 $.6 $.4 $1.3 $1.4 $0.5 $0.6 $0.9 $0.9 $ The average Cost of Attendance is increased by 1% each year for initial students and renewal students.. The average national corporation and Bright Futures awards are based on actual awards. 3. Initial students are calculated as a percentage of the total annual number of Florida scholars = 444 (approximate). 4. The renewal rate is based on 91.6% of prior year students meeting renewal requirements and being disbursed in current year. 5. All students are assumed to complete their degrees within four years. 7