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A Continuing Purpose: A History of William Penn College: 1970-2000, page 200 A Continuing Purpose: A History of William Penn College: 1970-2000, page 200 |
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200 JOHN WAGONER
early to mid 70s student financial aid has been part of any discus-sion
of tuition.
In this respect, as in other respects, William Penn College's
experience has been fairly typical. At the beginning of this quarter
century most students who needed financial assistance to meet
college costs depended on either what was called "work-study",
i.e., fulfilling some "work" obligation on the campus, compensa-tion
for which was applied to tuition, or some form of merit-based
assistance. In the latter case, the student received a scholarship in
recognition of, and to encourage skills in some specific area of aca-demics
or athletics.
At about this time William Penn College students began to
take advantage of emerging state and federal student aid opportu-nities.
On the state level, the Iowa Tuition Grant became, at the
beginning of die decade of the 70s, an important source of help
for Iowa students. The average grant of approximately $732 in
1969-70 has increased to $2615 in 1997-98. The maximum grant
is now $3650. Students and their parents must, of course, docu-ment
need for this assistance.
On the federal level students began in the early 70s to take
advantage of the Basic Educational Opportunity Grant (BEOG)
which is now called the Pell Grant, or the Supplemental Educa-tional
Opportunity Grant (SEOG) now called the Perkins grant.
There were also loans, of course, called the Guaranteed Student
Loan(GSL).
Presently, student financial aid offered by the college averages
$4950 per full time student. Other forms of financial assistance
(state and federal) average approximately $13,600 per student.
This includes both grants and loans.
Student financial aid has become, during the past quarter
century, an area of major concern in financial planning and bud-geting.
Certain trends are clear. There was the trend toward de-pendence
on state and federal aid, earlier in the form of grants
and, more recently, in the form of loans. This aid, except on the
state level where it has increased, has remained fairly static while
| Title | A Continuing Purpose: A History of William Penn College: 1970-2000 |
| Creator | John Wagoner |
| Date | 2000 |
| Language | English |
| Title | A Continuing Purpose: A History of William Penn College: 1970-2000, page 200 |
| Creator | John Wagoner |
| Date | 2000 |
| Identifier | A-Continuing-Purpose - 202_page 200 |
| Language | English |
| Rights | http://www.wmpenn.edu/Library/about.html |
| Transcription | 200 JOHN WAGONER early to mid 70s student financial aid has been part of any discus-sion of tuition. In this respect, as in other respects, William Penn College's experience has been fairly typical. At the beginning of this quarter century most students who needed financial assistance to meet college costs depended on either what was called "work-study", i.e., fulfilling some "work" obligation on the campus, compensa-tion for which was applied to tuition, or some form of merit-based assistance. In the latter case, the student received a scholarship in recognition of, and to encourage skills in some specific area of aca-demics or athletics. At about this time William Penn College students began to take advantage of emerging state and federal student aid opportu-nities. On the state level, the Iowa Tuition Grant became, at the beginning of die decade of the 70s, an important source of help for Iowa students. The average grant of approximately $732 in 1969-70 has increased to $2615 in 1997-98. The maximum grant is now $3650. Students and their parents must, of course, docu-ment need for this assistance. On the federal level students began in the early 70s to take advantage of the Basic Educational Opportunity Grant (BEOG) which is now called the Pell Grant, or the Supplemental Educa-tional Opportunity Grant (SEOG) now called the Perkins grant. There were also loans, of course, called the Guaranteed Student Loan(GSL). Presently, student financial aid offered by the college averages $4950 per full time student. Other forms of financial assistance (state and federal) average approximately $13,600 per student. This includes both grants and loans. Student financial aid has become, during the past quarter century, an area of major concern in financial planning and bud-geting. Certain trends are clear. There was the trend toward de-pendence on state and federal aid, earlier in the form of grants and, more recently, in the form of loans. This aid, except on the state level where it has increased, has remained fairly static while |
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