SCORECARD ON COLORADO PUBLIC HIGHER EDUCATION

FINANCE

Revenue per Student

National Comparison

Total revenue per student indicates the resources available to Colorado institutions compared with institutions in other states. The following table shows how Colorado ranked on this measure in 1993-94 and 1992-93.

Findings:

Compared to other states, in 1993-94 Colorado ranked 49th in state general fund and tuition revenue per full-time equivalent student, about 9 percent less than the national average.

In the last Scorecard, Colorado ranked 35th.

Statewide Comparisons

The next table shows the actual revenue per student by institutional sector over the last five years. The table shows that, while Colorado has slipped in the comparison with other states, the actual support per student increased every year.

Findings:

Total revenue per full-time equivalent student increased by about 20 percent between 1989-90 and 1993-94 in all but one sector: 23.4 percent at the Local District Colleges, 21.1 percent at the Research Universities, 20.9 percent at the Universities and Colleges, and 19.2 percent at the Community Colleges.

During that same period, however, the Specialized-Medical revenue per full-time equivalent student decreased 4.6 percent.

The revenue per FTE student varies greatly between sectors. It is greatest at the Specialized-Medical (over $26,000) and over twice as much at the Research Universities than at the Community Colleges ($7,834 versus $3,762).


1993/94 General Fund and Tuition Revenue per FTE Student
________________________________________
|      Rank     |                |      |
|_______________|     State      |Index |
|Current| Prior |                |      |
|_______|_______|________________|______|
|   1       9    WYOMING          169.27|
|   2       2    VERMONT          161.77|
|   3      11    WISCONSIN        151.74|
|   4      20    MAINE            143.55|
|   5       1    ALASKA           141.61|
|   6       4    DELAWARE         139.36|
|   7      10    MICHIGAN         137.43|
|   8       7    PENNSYLVANIA     129.34|
|   9       3    HAWAII           127.56|
|  10      16    MISSOURI         127.04|
|  11       6    DIST COL         126.66|
|  12      13    IOWA             124.43|
|  13      26    NEW MEXICO       122.01|
|  14      41    IDAHO            121.84|
|  15       5    CONNECTICUT      121.79|
|  16      12    RHODE ISLAND     120.04|
|  17      15    NEW HAMPSHIRE    118.80|
|  18      24    ARKANSAS         117.48|
|  19      25    NORTH CAROLINA   116.11|
|  20      37    NORTH DAKOTA     115.52|
|  21      23    OREGON           114.23|
|  22      17    INDIANA          113.82|
|  23      18    MINNESOTA        112.83|
|  24       8    NEW JERSEY       110.06|
|  25      28    SOUTH CAROLINA   108.17|
|  26      38    SOUTH DAKOTA     107.37|
|  27      34    KANSAS           107.36|
|  28      14    NEW YORK         105.31|
|  29      42    MONTANA          105.22|
|  30      36    OKLAHOMA         105.09|
|  31      47    NEBRASKA         105.00|
|  32      19    WASHINGTON       104.21|
|  33      44    ALABAMA          103.73|
|  34      46    MISSISSIPPI      100.42|
|                                       |
|                NATIONAL AVERAGE 100.00|
|                                       |
|  35      48    KENTUCKY          99.87|
|  36      29    OHIO              99.61|
|  37      30    FLORIDA           98.11|
|  38      39    UTAH              97.72|
|  39      21    MARYLAND          96.82|
|  40      22    MASSACHUSETTS     96.56|
|  41      27    NEVADA            96.53|
|  42      40    TENNESSEE         96.12|
|  43      31    GEORGIA           96.09|
|  44      32    VIRGINIA          93.99|
|  45      50    TEXAS             93.00|
|  46      45    LOUISIANA         92.82|
|  47      33    ARIZONA           92.03|
|  48      43    ILLINOIS          91.31|
|                                       |
|  49      35    COLORADO          91.01|
|                                       |
|  50      51    WEST VIRGINIA     88.68|
|  51      49    CALIFORNIA        78.60|
|_______________________________________|
SOURCE:  State Profiles:  Financing Public Higher Education
1978 to 1994, Research Associates of Washington


Revenue per Student
(Total General Fund + Tuition) / (Total FTE Students)
___________________________________________________________________________________
|                      |         |         |         |        |         | % Change |
|                      |  89-90  |  90-91  |  91-92  |  92-93 |  93-94  |'90 to '94|
|______________________|_________|_________|_________|________|_________|__________|
|Public Institution Total                                               |          |
|            Actual $:    5,133     5,380     5,551     5,845    6,059  |    18.0% |
|            % Change:                4.8%      3.2%      5.3%     3.7% |          |
|                                                                       |          |
|  State System Summary                                                 |          |
|            Actual $:    5,348     5,596     5,787     6,092    6,292  |    17.7% |
|            % Change:                4.6%      3.4%      5.3%     3.3% |          |
|                                                                       |          |
|    Research Universities                                              |          |
|            Actual $:    6,471     6,825     7,128     7,629    7,834  |    21.1% |
|            % Change:                5.5%      4.4%      7.0%     2.7% |          |
|                                                                       |          |
|    Universities and Colleges                                          |          |
|            Actual $:    4,378     4,604     4,808     5,104    5,292  |    20.9% |
|            % Change:                5.2%      4.4%      6.2%     3.7% |          |
|                                                                       |          |
|    Specialized-Medical                                                |          |
|            Actual $:   27,503    27,543    26,712    27,106   26,240  |    -4.6% |
|            % Change:                 .1%     -3.0%      1.5%    -3.2% |          |
|                                                                       |          |
|    Community Colleges                                                 |          |
|            Actual $:    3,155     3,344     3,453     3,590    3,762  |    19.2% |
|            % Change:                6.0%      3.3%      4.0%     4.8% |          |
|                                                                       |          |
|  Local District Colleges                                              |          |
|            Actual $:    2,356     2,530     2,503     2,670    2,907  |    23.4% |
|            % Change:                7.4%     -1.1%      6.7%     8.9% |          |
|_______________________________________________________________________|__________|
SOURCE:  Institutional Budget Request Documents                                CCHE

State Appropriation per Resident Student

This table presents data showing the total state general fund appropriations per resident full-time equivalent student. This differs from the previous table in that tuition income is not included, and the support is shown only for resident students. This table indicates how much state tax support goes toward instructional costs.

Findings:

Statewide, general fund appropriations increased 5.8 percent between 1989-90 and 1993-94.

During that period, the largest increases were at the Universities and Colleges (10.4 percent) and Local District Colleges (9.5 percent). General fund revenue per student at the Specialized-Medical group decreased 9.1 percent over the five year period.


General Fund Allocation per Student
(General Fund) / (Resident FTE Students)
_____________________________________________________________________________________
|                       |         |         |         |         |         | % Change |
|                       |  89-90  |  90-91  |  91-92  |  92-93  |  93-94  |'90 to '94|
|_______________________|_________|_________|_________|_________|_________|__________|
|Public Institution Total                                                 |          |
|             Actual $:    3,417     3,478     3,415     3,504     3,615  |     5.8% |
|             % Change:                1.8%     -1.8%      2.6%      3.2% |          |
|                                                                         |          |
|  State System Summary                                                   |          |
|             Actual $:    3,572     3,632     3,573     3,664     3,766  |     5.4% |
|             % Change:                1.7%     -1.6%      2.6%      2.8% |          |
|                                                                         |          |
|    Research Universities                                                |          |
|             Actual $:    4,054     4,126     4,061     4,245     4,277  |     5.5% |
|             % Change:                1.8%     -1.6%      4.5%       .7% |          |
|                                                                         |          |
|    Universities and Colleges                                            |          |
|             Actual $:    2,921     2,998     2,988     3,113     3,224  |    10.4% |
|             % Change:                2.7%      -.3%      4.2%      3.6% |          |
|                                                                         |          |
|    Specialized-Medical                                                  |          |
|             Actual $:   27,388    27,420    25,863    25,949    24,905  |    -9.1% |
|             % Change:                 .1%     -5.7%       .3%     -4.0% |          |
|                                                                         |          |
|    Community Colleges                                                   |          |
|             Actual $:    2,214     2,277     2,203     2,177     2,291  |     3.5% |
|             % Change:                2.8%     -3.2%     -1.2%      5.2% |          |
|                                                                         |          |
|  Local District Colleges                                                |          |
|             Actual $:    1,590     1,639     1,575     1,632     1,741  |     9.5% |
|             % Change:                3.1%     -3.9%      3.6%      6.7% |          |
|____________________________________________________________________________________|
SOURCE:  Institutional Budget Request Documents                                 CCHE

State Appropriations

The total state general fund appropriations to higher education, by sector, is shown in this table. The dollars per student in the previous table are based on these figures, divided by the resident FTE students (shown on page ).

Findings:

Statewide, appropriations increased 11.1 percent between 1989-90 and 1993-94, to over $425 million.

State general fund appropriations to Community Colleges increased by 21 percent, compared to 10.1 percent for the Universities and Colleges, 9.6 percent for the Local District and Specialized-Medical sectors, and 8.5 percent for the Research Universities.


State Appropriations 
(data in millions)
____________________________________________________________________________________
|                     |         |         |         |         |         | % Change  |
|                     |FY 89-90 |FY 90-91 |FY 91-92 |FY 92-93 |FY 93-94 |'90 to '94 |
|_____________________|_________|_________|_________|_________|_________|___________|
|Public Institution Total                                               |           |
|            Actual $:    382.6     397.7     399.8    414.7      425.2 |      11.1%|
|            % Change:                4.0%       .5%     3.7%       2.6%|           |
|                                                                       |           |
|  State System Summary                                                 |           |
|            Actual $:    368.7     383.2     385.2    399.4      410.0 |      11.2%|
|            % Change:                4.0%       .5%     3.7%       2.6%|           |
|                                                                       |           |
|    Research Universities                                              |           |
|            Actual $:    124.6     128.4     128.7    132.9      135.2 |       8.5%|
|            % Change:                3.1%       .3%     3.2%       1.7%|           |
|                                                                       |           |
|    Universities and Colleges                                          |           |
|            Actual $:    128.8     133.4     134.1    139.3      141.8 |      10.1%|
|            % Change:                3.6%       .5%     3.9%       1.8%|           |
|                                                                       |           |
|    Specialized-Medical                                                |           |
|            Actual $:     57.1      58.2      58.5     60.6       62.5 |       9.6%|
|            % Change:                2.1%       .5%     3.5%       3.3%|           |
|                                                                       |           |
|    Community Colleges                                                 |           |
|            Actual $:     58.3      63.2      63.8     66.7       70.5 |      21.0%|
|            % Change:                8.5%       .9%     4.5%       5.7%|           |
|                                                                       |           |
|  Local District Colleges                                              |           |
|            Actual $:     13.9      14.5      14.6     15.3       15.3 |       9.6%|
|            % Change:                4.0%       .9%     4.5%       -.0%|           |
|_______________________________________________________________________|___________|
SOURCE:  Institutional Budget Request Documents                                CCHE

Tuition Income per Resident Full-Time Equivalent Student

This table presents data showing the total tuition income per resident full-time equivalent student. It indicates how much financial support resident students are providing to cover the cost of their education.

Findings:

Since 1989-90, tuition income per resident full-time equivalent student increased 31.8 percent.

The largest increase occurred in the Community College sector, up 47.5 percent.

The smallest increase occurred in the Specialized-Medical sector, up 14.2 percent since 1989-90.


Tuition Income per Resident FTE Student
(Resident Tuition Income) / (Resident FTE Students)
____________________________________________________________________________________
|                      |         |         |         |          |        | % Change |
|                      |  89-90  |  90-91  |  91-92  |  92-93   |  93-94 |'90 to '94|
|______________________|_________|_________|_________|__________|________|__________|
|Public Institution Total                                                |          |
|            Actual $:    1,471     1,593     1,758      1,888     1,939 |    31.8% |
|            % Change:                8.3%     10.3%       7.4%      2.7 |          |
|                                                                        |          |
|  State System Summary                                                  |          |
|            Actual $:    1,535     1,661     1,838      1,970     2,013 |    31.1% |
|            % Change:                8.2%     10.7%       7.2%      2.2 |          |
|                                                                        |          |
|    Research Universities                                               |          |
|            Actual $:    1,968     2,112     2,295      2,458     2,505 |    27.3% |
|            % Change:                7.3%      8.6%       7.1%      1.9 |          |
|                                                                        |          |
|    Universities and Colleges                                           |          |
|            Actual $:    1,484     1,613     1,804      1,935     1,969 |    32.7% |
|            % Change:                8.7%     11.9%       7.3%      1.8 |          |
|                                                                        |          |
|    Specialized-Medical                                                 |          |
|            Actual $:    3,775     4,017     4,203      4,307     4,310 |    14.2% |
|            % Change:                6.4%      4.6%       2.5%       .1 |          |
|                                                                        |          |
|    Community Colleges                                                  |          |
|            Actual $:      937     1,052     1,207      1,344     1,382 |    47.5% |
|            % Change:               12.4%     14.7%      11.3%      2.8 |          |
|                                                                        |          |
|  Local District Colleges                                               |          |
|            Actual $:      720       786       824        930     1,019 |    41.6% |
|            % Change:                9.2%      4.9%      12.8%      9.5 |          |
|________________________________________________________________________|__________|
SOURCE:  Institutional Budget Request Documents                                CCHE

Resident Tuition Revenue

The total tuition revenue from resident students is shown in this table. Tuition revenue is the total tuition paid by resident students. Increases in total tuition revenue are caused by increases in tuition rates as well as by increases in the number of FTE students. In addition, during this period several colleges started charging per credit hour instead of using a flat rate for all credits within a given range, this change also contributed to increases in total revenue. The rates per student in the previous table are based on these amounts divided by the resident FTE shown on page .

Findings:

Statewide, resident tuition revenue increased 38.4 percent since 1989-90, to $228 million in 1993-94.

Resident tuition revenue at the Community and Local District Colleges increased by 72.6 percent and 41.7 percent, respectively. Resident tuition revenue increases in the Specialized-Medical, Universities and Colleges, and Research Universities sectors were 37.6 percent, 32.3 percent, and 30.9 percent, respectively.


Resident Tuition Revenue
(data in millions)
____________________________________________________________________________________
|                     |         |         |         |         |         | % Change  |
|                     |FY 89-90 |FY 90-91 |FY 91-92 |FY 92-93 |FY 93-94 |'90 to '94 |
|_____________________|_________|_________|_________|_________|_________|___________|
| Public Institution Total                                              |           |
|            Actual $:    164.7     182.2     205.8     223.4     228.0 |      38.4%|
|            % Change:               10.6%     13.0%      8.6%      2.1%|           |
|                                                                       |           |
|   State System Summary                                                |           |
|            Actual $:    158.4     175.2     198.2     214.7     219.1 |      38.3%|
|            % Change:               10.6%     13.1%      8.4%      2.0%|           |
|                                                                       |           |
|     Research Universities                                             |           |
|            Actual $:     60.5      65.7      72.7      76.9      79.2 |      30.9%|
|            % Change:                8.7%     10.7%      5.8%      2.9%|           |
|                                                                       |           |
|     Universities and Colleges                                         |           |
|            Actual $:     65.4      71.7      81.0      86.6      86.6 |      32.3%|
|            % Change:                9.6%     12.9%      6.9%      -.0%|           |
|                                                                       |           |
|     Specialized-Medical                                               |           |
|            Actual $:      7.9       8.5       9.5      10.1      10.8 |      37.6%|
|            % Change:                8.5%     11.5%      5.7%      7.7%|           |
|                                                                       |           |
|     Community Colleges                                                |           |
|            Actual $:     24.6      29.2      35.0      41.2      42.5 |      72.6%|
|            % Change:               18.6%     19.6%     17.7%      3.3%|           |
|                                                                       |           |
|   Local District Colleges                                             |           |
|            Actual $:      6.3       6.9       7.6       8.7       8.9 |      41.7%|
|            % Change:               10.2%     10.0%     13.8%      2.7%|           |
|_______________________________________________________________________|___________|
SOURCE:  Institutional Budget Request Documents                                CCHE

Tuition Income per Non-Resident Full-Time Equivalent Student

This table shows the total tuition income per non-resident full-time equivalent student. Since state general fund support is not provided for non-residents, this table indicates the financial support non-resident students are providing to cover the cost of their education.

Findings:

Since 1989-90, tuition income per non-resident full-time equivalent student has increased 33.2 percent, only a little more than the increase for resident students (page ).

The largest increase occurred in the Community College sector, up 61.3 percent.

The smallest increase occurred in the Specialized-Medical sector, up 4.5 percent.

The tuition revenue per non-resident student is higher than total revenue per student (page ) in all sectors except Specialized-Medical, indicating that non-residents pay more than the full cost of their education.


Tuition Income per Non-Resident FTE Student
(Non-Resident Tuition Income) / (Non-Resident FTE Students)
____________________________________________________________________________________
|                      |         |         |         |          |        | % Change |
|                      |  89-90  |  90-91  |  91-92  |  92-93   |  93-94 |'90 to '94|
|______________________|_________|_________|_________|__________|________|__________|
|Public Institution Total                                                |          |
|            Actual $:    6,626     7,160     7,759      8,362     8,825 |    33.2% |
|            % Change:                8.1%      8.4%       7.8%      5.5%|          |
|                                                                        |          |
|  State System Summary                                                  |          |
|            Actual $:    6,748     7,265     7,870      8,517     8,997 |    33.3% |
|            % Change:                7.7%      8.3%       8.2%      5.6%|          |
|                                                                        |          |
|    Research Universities                                               |          |
|            Actual $:    7,619     8,248     9,062      9,847    10,426 |    36.8% |
|            % Change:                8.3%      9.9%       8.7%      5.9%|          |
|                                                                        |          |
|    Universities and Colleges                                           |          |
|            Actual $:    4,084     4,538     4,962      5,607     6,109 |    49.6% |
|            % Change:               11.1%      9.4%      13.0%      9.0%|          |
|                                                                        |          |
|    Specialized-Medical                                                 |          |
|            Actual $:   14,352    14,108    14,360     15,371    14,994 |     4.5% |
|            % Change:               -1.7%      1.8%       7.0%     -2.4%|          |
|                                                                        |          |
|    Community Colleges                                                  |          |
|            Actual $:    3,248     3,640     4,267      4,727     5,238 |    61.3% |
|            % Change:               12.0%     17.2%      10.8%     10.8%|          |
|                                                                        |          |
|  Local District Colleges                                               |          |
|            Actual $:    3,025     3,992     4,108      4,048     4,481 |    48.1% |
|            % Change:               32.0%      2.9%      -1.5%     10.7%|          |
|________________________________________________________________________|__________|
SOURCE:  Institutional Budget Request Documents                                CCHE

Non-Resident Tuition Revenue

The following table presents data showing the non-resident tuition revenue received by public higher education. The increases in total tuition revenue are caused by increases in tuition rates as well as by increases in the number of FTE students. The rates per student in the previous table are based on these amounts divided by the non-resident FTE (shown on page ).

Findings:

Statewide, non-resident tuition revenue increased 55.5 percent since 1989-90, to almost $190 million by 1993-94. Most of this revenue, however, is generated by the Research Universities (about $134 million in 1993-94).

Non-resident tuition revenue at the Community Colleges increased by 143.3 percent since 1989-90. The lowest increase in non-resident tuition revenue occurred in the Specialized-Medical sector, up 19.7 percent during that period.


Non-Resident Tuition Revenue
(data in millions)
____________________________________________________________________________________
|                     |         |         |         |         |         | % Change  |
|                     |FY 89-90 |FY 90-91 |FY 91-92 |FY 92-93 |FY 93-94 |'90 to '94 |
|_____________________|_________|_________|_________|_________|_________|___________|
| Public Institution Total                                              |           |
|            Actual $:    121.9     141.6     155.6     178.2     189.7 |      55.5%|
|            % Change:               16.2%      9.9%     14.5%      6.4%|           |
|                                                                       |           |
|   State System Summary                                                |           |
|            Actual $:    120.1     139.1     153.2     175.3     186.0 |      54.8%|
|            % Change:               15.8%     10.1%     14.4%      6.1%|           |
|                                                                       |           |
|     Research Universities                                             |           |
|            Actual $:     91.6     105.8     114.6     128.6     133.9 |      46.1%|
|            % Change:               15.5%      8.4%     12.2%      4.1%|           |
|                                                                       |           |
|     Universities and Colleges                                         |           |
|            Actual $:     16.2      19.5      23.3      28.3      32.4 |     100.3%|
|            % Change:               21.0%     19.5%     21.2%     14.3%|           |
|                                                                       |           |
|     Specialized-Medical                                               |           |
|            Actual $:      8.3       8.7       8.8       9.6      10.0 |      19.7%|
|            % Change:                4.4%      1.6%      9.1%      3.4%|           |
|                                                                       |           |
|     Community Colleges                                                |           |
|            Actual $:      4.0       5.1       6.4       8.7       9.8 |     143.3%|
|            % Change:               26.5%     25.1%     36.7%     12.5%|           |
|                                                                       |           |
|   Local District Colleges                                             |           |
|            Actual $:      1.8       2.5       2.4       3.0       3.7 |     100.7%|
|            % Change:               38.7%     -3.4%     21.6%     23.3%|           |
|_______________________________________________________________________|___________|
SOURCE:  Institutional Budget Request Documents                                CCHE

Alumni and Private Contributions

Alumni and private contributions are another source of financial support for institutions. Total reported contributions for the last five years are shown in this table.

Findings:

Over $79 million were contributed in FY 1993-94, the largest amount since 1990-91.

Contributions tend to vary from year to year because of special purpose fundraising activities. For example, although contributions declined between 1990-91 and 1992-93, the 1993-94 level is the highest of the five-year period.

The largest contributions are reported by the Research Universities (almost $50 million in 1993-94 and over $40 million in each of the last five years).


Alumni and Private Giving
(data in millions)
______________________________________________________________________________
|              _FY 1989-90 _FY 1990-91 _FY 1991-92 _ FY 1992-93   _FY 1993-94 |
|_____________________________________________________________________________|
|Public Institution Total                                                     |
|                   67.699      74.631      71.287       66.692        79.329 |
|                                                                             |
|  State System Summary                                                       |
|                   67.245      74.406      71.101       66.315        78.918 |
|                                                                             |
|    Research Universities                                                    |
|                   43.432      47.852      45.197       44.725        49.125 |
|                                                                             |
|    Universities and Colleges                                                |
|                   12.499       9.470      13.095        8.911        14.693 |
|                                                                             |
|    Specialized-Medical                                                      |
|                    9.893      16.433      11.717       12.399        14.597 |
|                                                                             |
|    Community Colleges                                                       |
|                    1.421        .650       1.092         .280          .504 |
|                                                                             |
|  Local District Colleges                                                    |
|                     .454        .226        .186         .377          .411 |
|_____________________________________________________________________________|
SOURCE:  Data provided by the governing boards.                            CCHE

Financial Aid

National Comparisons

National data for 1993-94 compares Colorado financial aid expenditures with that of other states.

Findings:

Colorado state funding for the Colorado Student Grant Program, the Colorado Student Incentive Grant Program, the Colorado Part-Time Grant Program, and the Diversity Grant Program accounts for about 47 percent of all state aid in Colorado. This funding is below the national average (77 percent) of state grant aid for comprehensive undergraduate need-based grant programs.

Colorado ranks 23rd in total expenditures for undergraduate need-based grants.

Other undergraduate need-based aid ranks for Colorado are:

-- 20th on estimated grant dollars per resident population

-- 20th on estimated grant dollars per resident college-age population

-- 22nd on estimated grant dollars to undergraduates per full-time undergraduate enrollment

-- 17th on the proportion of full-time undergraduates receiving awards

Of the 31 states that offer non-need-based aid to undergraduates, Colorado ranks 7th in total funding for this type of aid, including National Guard Tuition Assistance, Nursing Scholarships, and Undergraduate Merit Scholarships.

Of the 15 states that offer state work-study programs, Colorado ranks 2nd in funding for these programs.

When comparing trends in need-based grant dollars, Colorado is one of only eight states to award more than one million dollars in need-based programs.

SOURCE: National Association of State Scholarship and Grant Programs -- Annual Report, 1993-94.

Statewide Comparisons

The following table displays the distribution of Colorado financial aid awards, by aid category, for 1990-91 through 1993-94.

Overall, state aid grew by 15.9 percent from 1990-91 to 1993-94. The largest increases were in diversity awards, native American tuition assistance, and undergraduate need-based awards, which grew by 153.4 percent, 71.7 percent, and 40.5 percent, respectively.

The private school grant was not funded after FY 1990-91.

In 1993-94, one-third of the total state awards was expended in the undergraduate need-based category ($13.8 million of $42.7 million).

The next table displays data on all financial aid awards from 1990-91 through 1993-94, comparing total awards (including federal awards and loans) with state aid.

Total aid awarded increased by 43.7 percent from 1990-91 to 1993-94, with a higher percent increase (50.9 percent) at the state four-year public institutions.

Total state aid increased by 26 percent, with a larger increase going to the two-year public institutions. Total state aid in 1993-94 ($42.7 million) accounted for only 7.4 percent of the total aid awarded in Colorado ($580 million).

The total number of financial aid recipients increased by 12.3 percent from 1990-91 to 1993-94. The largest increase (21.3 percent) occurred at the two-year, public institutions.

The total number of recipients of state aid awards increased by 20.2 percent from 1990-91 to 1993-94. The changes differed by institutional types, by 17.9 percent at public, four-year institutions, by 18.4 percent at public, two-year institutions, and 37.3 percent at all other institutions.

The average total award increased by 27.9 percent from 1990-91 to 1993-94 (from $4,080 to $5,218). In 1993-94, the average award at public, two-year institutions was about 34 percent of the average award at public, four-year institutions ($1,972 vs $5,851).

The average size of state aid awards increased by 4.8 percent between 1990-91 and 1993-94. In 1993-94, state aid awards composed about 22 percent of total average awards at public, four-year institutions ($1,296 of $5,851) and about 57 percent of total average awards at public, two-year institutions ($1,129 of $1,972).

Distribution of State Aid to Categories
	FY 1990-91	FY 1991-92	FY 1992-93	FY 1993-94	% Change FY 91 to FY 94
Colorado Student Incentive Grant	$ 1,733,828	$ 1,919,624	$ 1,995,322	$ 2,010,296	15.9
Undergraduate Need Based	9,828,260	10,075,070	10,965,815	13,808,919	40.5
Undergraduate Merit	7,760,342	8,200,407	8,581,883	8,722,020	12.4
Work Study	9,277,165	9,295,032	9,784,793	10,070,969	8.6
Graduate (Need & Merit)	2,224,294	2,147,852	2,154,918	2,154,918	-3.1
Diversity	1,099,116	1,411,616	1,786,616	2,785,616	153.4
Native Amer. Tuition Assist.	1,280,812	1,607,093	1,862,001	2,198,927	71.7
Categorical Programs	636,289	239,248	243,498	253,414	-60.2
Private School Grant	100,000	...	...	...	-100.0
Part-Time Grant	...	495,925	498,263	744,693	...
Total	33,940,106	35,391,867	37,873,109	42,749,772	26.0

SOURCE: Institutional Financial Reports CCHE

Financial Aid Awards
	FY 1990-91	FY 1991-92	FY 1992-93	FY 1993-94	% Change FY 91 to FY 94
Total Aid Awarded	$403,684,698	$468,231,289	$505,886,779	$580,015,960	43.7
to 4-Yr Public	$241,299,764	$278,914,068	$303,525,823	$364,070,646	50.9
to 2-Yr Public	$40,655,045	$49,139,950	$56,794,403	$58,121,600	43.0
to All Others	$121,729,889	$140,177,271	$145,566,553	$157,823,714	29.7
State Aid	$33,940,106	$35,391,867	$37,873,109	$42,749,772	26.0
to 4-Yr Public	$23,786,043	$24,307,905	$25,700,984	$28,448,599	19.6
to 2-Yr Public	$6,544,588	$7,167,523	$7,829,014	$9,299,007	42.1
to All Others	$3,609,475	$3,916,439	$4,343,111	$5,002,166	38.6
Total Recipients	98,945	106,338	110,275	111,160	12.3
to 4-Yr Public	53,755	57,823	59,471	62,220	15.7
to 2-Yr Public	24,284	27,125	30,092	29,467	21.3
to All Others	20,906	21,390	20,712	19,473	-6.9
State Recipients	28,890	30,147	30,825	34,726	20.2
to 4-Yr Public	18,630	19,072	19,154	21,958	17.9
to 2-Yr Public	6,959	7,157	7,516	8,237	18.4
to All Others	3,301	3,918	4,155	4,531	37.3
Average $ per Award	$4,080	$4,403	$4,588	$5,218	27.9
to 4-Yr Public	$4,489	$4,824	$5,104	$5,851	30.4
to 2-Yr Public	$1,674	$1,812	$1,887	$1,972	17.8
to All Others	$5,823	$6,553	$7,028	$8,105	39.2
Average for State $	$1,175	$1,174	$1,229	$1,231	4.8
to 4-Yr Public	$1,277	$1,275	$1,342	$1,296	1.5
to 2-Yr Public	$940	$1,001	$1,042	$1,129	20.0
to All Others	$1,093	$1,000	$1,045	$1,104	1.0

SOURCE: SURDS Financial Aid Files CCHE

State Financial Aid per Resident Full-Time Equivalent

This table is similar to those showing revenue per FTE student. It indicates state financial aid provided by the General Assembly.

Findings:

Since 1989-90, state financial aid per resident student increased 43.1 percent, from $225 to $323.

The largest increases were in the Community and Local District Colleges sectors, increasing 70.5 percent and 62.8 percent, respectively. The smallest increase, 27.6 percent, occurred in the Research Universities.


State Financial Aid per Student
(State Financial Aid) / (Resident FTE Students)
__________________________________________________________________________________
|                       |         |         |         |         |        |% Change|
|                       |  89-90  |  90-91  |  91-92  |  92-93  |  93-94 |90 to 94|
|_______________________|_________|_________|_________|_________|________|________|
|Public Institution Total                                                |        |
|             Actual $:      225       253       262       285       323 |  43.1% |
|             % Change:               12.1%      3.5%      8.9%     13.3%|        |
|                                                                        |        |
|  State System Summary                                                  |        |
|             Actual $:      234       261       271       295       333 |  42.0% |
|             % Change:               11.5%      3.9%      8.8%     12.6%|        |
|                                                                        |        |
|    Research Universities                                               |        |
|             Actual $:      271       293       291       318       346 |  27.6% |
|             % Change:                7.9%      -.5%      9.1%      9.0%|        |
|                                                                        |        |
|    Universities and Colleges                                           |        |
|             Actual $:      263       291       310       342       385 |  46.3% |
|             % Change:               10.4%      6.7%     10.2%     12.7%|        |
|                                                                        |        |
|    Specialized-Medical                                                 |        |
|             Actual $:      207       258       244       272       304 |  47.0% |
|             % Change:               24.8%     -5.5%     11.2%     12.1%|        |
|                                                                        |        |
|    Community Colleges                                                  |        |
|             Actual $:      144       179       192       206       246 |  70.5% |
|             % Change:               23.9%      7.3%      7.6%     19.2%|        |
|                                                                        |        |
|  Local District Colleges                                               |        |
|             Actual $:      122       152       148       163       199 |  62.8% |
|             % Change:               24.1%     -2.4%      9.9%     22.3%|        |
|________________________________________________________________________|________|
SOURCE:  Financial Aid Allocation Documents                                   CCHE

State Financial Aid Appropriations

This table shows the total state financial aid appropriations to higher education. The support per FTE student shown on the previous table uses these figures divided by total FTE enrollment (shown on page ).

Findings:

Statewide, state financial aid appropriations increased 50.4 percent since 1989-90, to $38 million in 1993-94.

The largest increases occurred in the Community Colleges and Specialized-Medical sectors, up 99.4 percent and 77.1 percent, respectively.


State Financial Aid Appropriations
(data in millions)
___________________________________________________________________________________
|                     |         |         |         |         |         | % Change |
|                     |FY 89-90 |FY 90-91 |FY 91-92 |FY 92-93 |FY 93-94 |'90 to '94|
|_____________________|_________|_________|_________|_________|_________|__________|
|Public Institution Total                                               |          |
|            Actual $:     25.2      28.9      30.6      33.7      38.0 |     50.4%|
|            % Change:               14.4%      6.0%     10.1%     12.6%|          |
|                                                                       |          |
|  State System Summary                                                 |          |
|            Actual $:     24.2      27.6      29.3      32.2      36.2 |     49.8%|
|            % Change:               14.0%      6.2%     10.0%     12.5%|          |
|                                                                       |          |
|    Research Universities                                              |          |
|            Actual $:      8.3       9.1       9.2       9.9      10.9 |     31.3%|
|            % Change:                9.3%      1.4%      7.7%     10.0%|          |
|                                                                       |          |
|    Universities and Colleges                                          |          |
|            Actual $:     11.6      12.9      13.9      15.3      16.9 |     45.9%|
|            % Change:               11.3%      7.7%      9.9%     10.7%|          |
|                                                                       |          |
|    Specialized-Medical                                                |          |
|            Actual $:       .4        .5        .6        .6        .8 |     77.1%|
|            % Change:               27.2%       .7%     14.7%     20.6%|          |
|                                                                       |          |
|    Community Colleges                                                 |          |
|            Actual $:      3.8       5.0       5.5       6.3       7.6 |     99.4%|
|            % Change:               30.8%     11.9%     13.8%     19.8%|          |
|                                                                       |          |
|  Local District Colleges                                              |          |
|            Actual $:      1.1       1.3       1.4       1.5       1.7 |     62.9%|
|            % Change:               25.3%      2.4%     10.8%     14.6%|          |
|_______________________________________________________________________|__________|
SOURCE:  Financial Aid Allocation Documents                                    CCHE

Scorecard: Table of Contents

Supporting Data Tables: Finance

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--		20th on estimated grant dollars per resident population
--		20th on estimated grant dollars per resident college-age population
--		22nd on estimated grant dollars to undergraduates per full-time undergraduate enrollment
--		17th on the proportion of full-time undergraduates receiving awards