Higher Education Financial Services

DCTAG

District of Columbia Tuition Assistance Grant Program

(DCTAG)

September, 2013

Higher Education Financial Services

DCTAG

DCTAG Accomplishments

Since DCTAG awarded the first student in 2000 the program:

• helped 21,3861 students enroll in college;

• awarded $350.4 2 million to over 600 institutions; and

• celebrated 6,264 3 students’ college graduation.

DCTAG’s: • overall graduation rate4 is 55.5%; and,

• six year graduation rate is 50.9%5.

2

1As of September 28, 2013 2 As of academic year 2012/2013 3 As of the 2006/2007 cohort 4 Reflects the 2000/2001 through 2006/2007 cohort 5 As of the 2006/2007 cohort; subject to increase as institutions continue to report to National Student Clearing House

2

Higher Education Financial Services

DCTAG

Low Income African American DCTAG National White

30.0%

40.6%

50.9%

59.0%

63.8%

3

DCTAG 6-Year Graduation Rates

1 American Enterprise Institution. Nat'l & AA, Nat'l Diplomas and Drop Outs: Which Colleges Actually Graduate Their Students (and Which Don’t), June 2009. (Cohort 2003).

2 The Education Trust. 2012. Advancing to Completion: Increasing degree attainment by improving graduation rates and closing gaps for African-American students. (Cohort 2004.)

3 National Student Clearing House and The DC OneApp Data Repository. Cohort 2005. 4 National Center for Education Statistics. Fast Facts. (Cohort 2005)

3 Higher Education Financial Services

DCTAG Cohort 2006

1

2

4

2

Average of Low Income, African American, and National is 48.4%.

3

Higher Education Financial Services

DCTAG

DCTAG Enrollment by Income

4

Academic Year 2012/2013 (% of Total)

• The District of Columbia 2012 median household income in the District of Columbia was $65,2461.

• The U.S. 2012 median household income was $51,0171.

• DCTAG 2012 Median household income was $31,931.

1 U.S. Census Bureau

$0.00-$44,000 $44,001-$63,000 $63,001-$87,000 $87,001 and above

57.9%

12.2%

8.7%

21.2%

Higher Education Financial Services

DCTAG

DCTAG Enrollment by Race

5

Academic Year 2012/2013 (% of Total)

Unknown AmericanIndian

Hawaiian Other Race Undisclosed Asian Two or MoreRaces

White Hispanic AfricanAmerican

0.0% 0.1% 0.1% 0.4% 1.3% 1.8% 2.0%

10.6% 12.2%

71.7%

Higher Education Financial Services

DCTAG

00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13

1,943

2,944

3,760

4,337

4,759 4,631

4,452 4,580 4,686

5,070 5,103 5,253

5,113

DCTAG Enrollment, Overall

• The number of students enrolled 2012/2013 increased 163.1% compared to 2000/2001. • The number of students enrolled 2012/2013 increased 14.8% compared to 2006/2007. 6

Academic Year 2000/2001 through 2012/2013

As a result of sequestration the number of students funded by DCTAG decreased 3% from 2011/2012 to 2012/2013.

Higher Education Financial Services

DCTAG

DCTAG Enrollment, by Ward

7

Academic Year 2006/2007 through 2012/2013 (% of Total Across Years)

* Unknown is primarily Ward of Court students.

Ward 1 Ward 2 Ward 3 Ward 4 Ward 5 Ward 6 Ward 7 Ward 8 Unknown*

6.6%

2.3%

8.1%

19.5%

17.3%

9.0%

19.9%

16.7%

0.7%

Higher Education Financial Services

DCTAG

267 393 421 461 502 422

309 356 408 627 629 650

539

2-Year Institutions

1676

2551

3337

3874

4257 4209 4142 4223 4278 4443 4474

4603 4574

4-Year Institutions

DCTAG Enrollment Institution Sector

• Students enrolled in 2-year institutions in 2012/2013 increased 74.4% compared to 2006/2007. • Students enrolled in 4-year institutions in 2012/2013 increased 10.4% compared to 2006/2007.

8

Academic Year 2000/2001 through 2012/2013

Higher Education Financial Services

DCTAG

DCTAG Awards by State

DCTAG Award Range by State (AY 2000/2001 through 2012/2013)

$51M-$73M $35M-$50M $30k-$216k $217k-$1.2M $0 $1.3M-$34M

73% of DCTAG students cluster close to home attending institutions in: Virginia, Maryland, North Carolina, Pennsylvania, Delaware and the District of Columbia (ranked by awards paid)

VI

9

V.I. P.R.

Higher Education Financial Services

DCTAG

DCTAG Awards by State

Academic Year 2012/2013 (Ranked by Number of Students)

10

Rank State Students Enrolled

Award Amount Rank State

Students Enrolled

Award Amount Rank State

Students Enrolled

Award Amount

1 MD 1039 $5,743,807 17 WI 35 $334,600 33 AR 7 $22,908

2 VA 806 $6,387,647 18 CO 33 $284,548 34 RI 7 $65,000

3 NC 659 $4,527,312 19 NJ 30 $283,187 35 NH 6 $50,700

4 DC 558 $1,291,052 20 OK 28 $232,216 36 MT 5 $45,000

5 PA 522 $3,726,254 21 TX 27 $234,396 37 HI 4 $35,000

6 WV 255 $1,471,828 22 TN 25 $198,366 38 ME 4 $40,000

7 DE 180 $1,428,663 23 KY 21 $168,535 39 ND 4 $3,120

8 OH 146 $1,105,842 24 MA 21 $201,140 40 CT 3 $30,000

9 SC 111 $656,460 25 AZ 16 $152,500 41 IL 3 $25,000

10 FL 103 $703,804 26 LA 16 $108,068 42 MO 3 $16,227

11 GA 96 $456,934 27 WA 16 $153,334 43 NM 2 $14,441

12 MI 78 $689,931 28 IN 14 $131,570 44 UT 2 $16,135

13 VT 61 $574,625 29 MS 10 $91,956 45 VI 2 $11,970

14 NY 46 $353,676 30 OR 10 $78,403 46 AK 1 $9,980

15 AL 42 $281,258 31 IA 8 $80,000 47 ID 1 $10,000

16 CA 37 $260,453 32 KS 8 $53,933 48 NE 1 $10,000

49 NV 1 $10,000

Total 5113 $ 32,861,777

Subject to change as institutions may continue to submit invoices.

Higher Education Financial Services

DCTAG

$17.0 $17.0 $17.0 $17.0

$25.6

$33.0 $33.0

$35.1 $35.1 $35.1

$35.1

$30.0 $28.5

00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13

DCTAG Funding Appropriations

11

Academic Year 2000/2001 through 2012/2013 (Dollars in Millions)

*

* Sequestration

Higher Education Financial Services

DCTAG

$9.1

$14.7

$20.2

$25.1

$29.0 $30.5 $29.2

$30.5

$30.9 $32.5 $32.4 $33.4

$32.9

00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13

DCTAG Awards

12

Academic Year 2000/2001 through 2012/2013 (Dollars in Millions)

2012/2013 Subject to change as institutions may continue to submit invoices.

Higher Education Financial Services

DCTAG

$4,968

$5,320

$5,670

$6,097

$6,424

$6,872 $6,896

$7,037 $7,012 $6,993

$6,940 $6,973 $6,922

00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13

DCTAG Awards Average Award 4-Year Institutions

13

Academic Year 2000/2001 through 2012/2013 (Dollars in Thousands)

• The average award decreased 0.7% from 2011/2012 to 2012/2013.

• The percent of total students attending private institutions decreased 2.7% from 2011/2012 to 2012/2013.

2012/2013 Subject to change as institutions may continue to submit invoices.

Higher Education Financial Services

DCTAG

DCTAG Students Paid $10,000 Maximum (per year)

14

Academic Year 2000/2001 through 2012/2013 (Number of Students)

00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13

81

202

386

644

922

1,059 1,010

1,223

1,384

1,508 1,518 1,521 1,608