COBI 2015 - Student Assistance

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

Over the years, the Legislature has appropriated funds to financially assist students with the cost of tuition and other expenses associated with their post-secondary education. Funding is appropriated to the Board of Regents, then transferred directly to the institutions or to the Utah Higher Education Assistance Authority (UHEAA). UHEAA is the state's designated administrator of several campus-based, federal- and state-funded financial aid programs.

Funding History

Funding Issues

Regents' Scholarship

The Regents' Scholarship was established to create an incentive for high school students to take a rigorous curriculum in high school to better prepare them for college. The incentive is a partial scholarship paid directly to the student to offset some fo the tuition costs.

Related Publications

Trend Analysis - 2015 General Session - State Board of Regents - Student Assistance

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $16,358,400 from all sources for Student Assistance. This is a 3 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $16,358,400 from the General/Education Funds, a reduction of 3 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Compensation - USHE & UCAT$5,000$0

OngoingOne-TimeFinancing Source

$5,000$0Education Fund

No Description

Health Insurance - USHE & UCAT$1,700$0

OngoingOne-TimeFinancing Source

$1,700$0Education Fund

No Description

Regents' Scholarship$500,000$2,500,000

OngoingOne-TimeFinancing Source

$500,000$0Education Fund

$0$2,500,000Education Fund, One-time

Veterans Tuition Gap$0$60,000

OngoingOne-TimeFinancing Source

$0$60,000General Fund, One-time

Provide tuition assistance to Veterans (see SB 16 2014 GS)

New Recipients (Regents''), Matched Federal Dollars, New Recipients

Performance measures for this line item include the number of awards and/or scholarships awarded, federal matching aid dollars, and completion rates of recipients.

State Board of Regents Student Financial Aid

Display By:

Program

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Regents' Scholarship	2,624,300	3,165,600	4,189,700	5,183,800	7,185,900	0	7,185,900	6,400	7,192,300
Student Financial Aid	3,316,300	3,252,800	3,252,800	3,252,800	3,252,800	0	3,252,800	0	3,252,800
Minority Scholarships	36,900	36,200	36,200	36,200	36,200	0	36,200	0	36,200
Tuition Assistance	36,900	36,200	0	0	0	0	0	0	0
New Century Scholarships	5,579,000	1,983,900	2,009,300	2,000,200	2,558,900	(75,000)	2,483,900	(500,000)	1,983,900
Success Stipend	1,418,400	1,391,200	2,141,200	1,391,200	1,391,200	0	1,391,200	0	1,391,200
Western Interstate Commission for Higher	936,700	892,900	874,300	851,100	899,000	(60,000)	839,000	300	839,300
T.H. Bell Teaching Incentive Loans Progr	1,506,500	1,477,700	1,477,700	1,477,700	1,477,700	0	1,477,700	0	1,477,700
Veterans Tuition Gap Program	0	0	0	0	200,000	0	200,000	(15,000)	185,000
Total	$15,455,000	$12,236,500	$13,981,200	$14,193,000	$17,001,700	($135,000)	$16,866,700	($508,300)	$16,358,400

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund	5,870,400	6,485,400	7,449,300	7,449,500	7,574,500	0	7,574,500	0	7,574,500
General Fund, One-time	0	0	0	0	75,000	0	75,000	(15,000)	60,000
Education Fund	5,652,800	5,705,200	5,708,200	5,712,600	5,717,200	0	5,717,200	506,700	6,223,900
Education Fund, One-time	3,850,000	0	750,000	1,000,000	3,500,000	0	3,500,000	(1,000,000)	2,500,000
Dedicated Credits Revenue	200	1,700	2,200	2,300	0	0	0	0	0
Transfers - HED	0	100,000	0	0	0	0	0	0	0
Beginning Nonlapsing	237,500	155,900	211,700	140,200	196,700	(85,100)	111,600	0	111,600
Closing Nonlapsing	(155,900)	(211,700)	(140,200)	(111,600)	(61,700)	(49,900)	(111,600)	0	(111,600)
Total	$15,455,000	$12,236,500	$13,981,200	$14,193,000	$17,001,700	($135,000)	$16,866,700	($508,300)	$16,358,400

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	348,400	342,900	303,800	321,900	343,200	(53,900)	289,300	6,700	296,000
In-state Travel	1,100	2,200	2,800	3,400	0	0	0	0	0
Current Expense	930,500	898,700	1,138,600	875,700	908,000	(59,900)	848,100	0	848,100
Other Charges/Pass Thru	14,175,000	10,992,700	12,536,000	0	15,750,500	(21,200)	15,729,300	(515,000)	15,214,300
Transfers	0	0	0	12,992,000	0	0	0	0	0
Total	$15,455,000	$12,236,500	$13,981,200	$14,193,000	$17,001,700	($135,000)	$16,866,700	($508,300)	$16,358,400

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Budgeted FTE	0.10	3.55	3.31	3.10	3.31	(0.45)	2.86	0.45	3.31
Actual FTE	3.58	3.31	3.31	3.06	0	0	0	0	0

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.