ERIC Number: ED590900
Record Type: Non-Journal
Publication Date: 2017
Pages: 16
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Student Affordability Report, 2017. Daring to Be Great: The NDUS Edge
North Dakota University System
This 2017 student affordability report looks at the following numerical data for higher education in the state of North Dakota: (1) Tuition, Mandatory Fees, Room and Board; (2) Total Estimated Student Cost; (3) Federal Funding Sources; (4) Net Price; (5) Loan Volume and Indebtedness; and (6) Percent of Students with Aid. The 2016-17 tuition and mandatory fee rates at the state's research institutions--University of North Dakota (UND) and North Dakota State University (NDSU)--and regional four-year universities--Minot State University (MiSU), Mayville State University (MaSU), Dickinson State University (DSU), and Valley City State University (VCSU)--were lower than regional counterparts. NDUS two-year campus tuition and mandatory fee rates continue to be higher than regional counterparts. Mandatory fees are those assessed to all students regardless of program and do not include course or program specific fees. NDUS 2016-17 room and board rates at all research and four-year institutions are significantly lower than regional rates. Two-year college room and board rates are much higher than regional rates. Tuition and fees range from 28-40% of the total estimated student cost. Room, board, books, supplies, travel and other expenses account for the remaining 60-72% of the cost. Federal Work-Study awards continue to decline. It is increasingly difficult for campuses to compete with high paying jobs in the market place. The 10-year change is a 16.3% reduction. Loan volume is declining at all institution types. All saw a reduction in number of borrowers, average loan amount borrowed, and total volume over the past five years. In 2015, the average NDUS overall student loan indebtedness for graduates was $27,034, a 2.4% decrease from 2014, for all loan types (federal, Perkins, private alternative loans, and other loans.) All institution categories showed a reduced loan indebtedness from the prior year. The national average continued to climb by 4.0% at $30,100, as reported by the Institute for College Access & Success. [For the 2016 report, see ED572890.]
Descriptors: Student Costs, College Students, Tuition, Fees, Federal Aid, Student Financial Aid, Student Loan Programs, Debt (Financial), Research Universities, State Universities, Community Colleges, College Housing, Paying for College, Grants, Comparative Analysis, Regional Characteristics, Differences
North Dakota University System. 600 East Boulevard Avenue Department 215, Bismarck, ND 58505-0230. Tel: 701-328-2960; Fax: 701-328-2961; e-mail: ndus.office@ndus.nodak.edu; Web site: http://www.ndus.nodak.edu
Publication Type: Numerical/Quantitative Data; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: North Dakota University System
Identifiers - Location: North Dakota
Identifiers - Laws, Policies, & Programs: Perkins Loan Program; Pell Grant Program
Grant or Contract Numbers: N/A