2021 Financial Aid Definitions

2021 Financial Aid Definitions | Willamette University
H. FINANCIAL AID
Please refer to the following financial aid definitions when completing Section H.
Awarded aid: The dollar amounts offered to financial aid applicants.
Financial aid applicant: Any applicant who submits any one of the institutionally required financial aid applications/forms, such as the FAFSA.
Indebtedness: Aggregate dollar amount borrowed through any loan program (federal, state, subsidized, unsubsidized, private, etc.; excluding parent loans) while the student was enrolled at an institution. Student loans co-signed by a parent are assumed to be the responsibility of the student and should be included.
Institutional scholarships and grants: Endowed scholarships, annual gifts and tuition funded grants for which the institution determines the recipient.
Financial need: As determined by your institution using the federal methodology and/or your institution's own standards.
Need-based aid: College-funded or college-administered award from institutional, state, federal, or other sources for which a student must have financial need to qualify. This includes both institutional and non-institutional student aid (grants, jobs, and loans).
Need-based scholarship or grant aid: Scholarships and grants from institutional, state, federal, or other sources for which a student must have financial need to qualify.
Need-based self-help aid: Loans and jobs from institutional, state, federal, or other sources for which a student must demonstrate financial need to qualify.
Non-need-based scholarship or grant aid: Scholarships and grants, gifts, or merit-based aid from institutional, state, federal, or other sources (including unrestricted funds or gifts and endowment income) awarded solely on the basis of academic achievement, merit, or any other non-need-based reason. When reporting questions H1 and H2, non-need-based aid that is used to meet need should be counted as need-based aid.
Note: Suggested order of precedence for counting non-need money as need-based:
1. Non-need institutional grants 6. Non-need outside grants
2. Non-need tuition waivers 7. Non-need student loans
3. Non-need athletic awards 8. Non-need parent loans
4. Non-need federal grants 9. Non-need work

5. Non-need state grants
Non-need-based self-help aid: Loans and jobs from institutional, state, or other sources for which a student need not demonstrate financial need to qualify.
Private student loans: A nonfederal loan made by a lender such as a bank, credit union or private lender used to pay for up to the annual cost of education, less any financial aid received.
External scholarships and grants: Scholarships and grants received from outside (private) sources that students bring with them (e.g., Kiwanis, National Merit scholarships). The institution may process paperwork to receive the dollars, but it has no role in determining the recipient or the dollar amount awarded.
Work study and employment: Federal and state work study aid, and any employment packaged by your institution in financial aid awards.
DO NOT INCLUDE ANY AID RELATED TO THE CARES ACT OR UNIQUE THE COVID-19 PANDEMIC
Aid Awarded to Enrolled Undergraduates
H1 Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in CDS Question B1, total degree-seeking undergraduates) in the following categories.
If the data being reported are final figures for the 2020-2021 academic year (see the next item below),
use the
2020-2021 academic year's CDS Question B1 cohort.
Include aid awarded to international students (i.e., those not qualifying for federal aid).
Aid that is non-need-based but that was used to meet need should be reported in the need-based aid
column.
For a suggested order of precedence in assigning categories of aid to cover need, see the entry for non-
need-based scholarship or grant aid on the last page of the definitions section.
Do NOT include any aid related to the CARES Act or unique to the COVID-19 pandemic.
2021-2022 estimated 2020-2021 Final
Indicate the academic year for which data are reported for items H1, H2, H2A, and H6 below: x  
Which needs-analysis methodology does your institution use in awarding institutional aid? (Formerly H3)
x Federal methodology (FM)
  Institutional methodology (IM)
  Both FM and IM
  Need-based
(Include non-need-based aid use to meet need.)
Non-need-based
(Exclude non-need-based aid use to meet need.)
Scholarships/Grants      
Federal $1,961,490  
State all states, not only the state in which your institution is located $461,433  
Institutional: Endowed scholarships, annual gifts and tuition funded grants, awarded by the college, excluding athletic aid and tuition waivers (which are reported below). $19,212,934 $7,626,042
Scholarships/grants from external sources (e.g. Kiwanis, National Merit) not awarded by the college $7,637 $131,407
Total Scholarships/Grants $21,643,494 $7,757,449
Self-Help      
Student loans from all sources (excluding parent loans) $4,668,930 $1,333,497
Federal Work-Study $818,978  
State and other (e.g., institutional) work-study/employment (Note: Excludes Federal Work-Study captured above.) $0 $0
Total Self-Help $5,487,908 $1,333,497
Parent Loans $1,656,205 $357,969
Tuition Waivers
Note: Reporting is optional. Report tuition waivers in this row if you choose to report them. Do not report tuition waivers elsewhere.
$349,300 $515,609
Athletic Awards $0 $0
H2 Number of Enrolled Students Awarded Aid: List the number of degree-seeking full-time and less-than-full-time undergraduates who applied for and were awarded financial aid from any source.
Aid that is non-need-based but that was used to meet need should be counted as need-
based aid.
Numbers should reflect the cohort awarded the dollars reported in H1.
In the chart below, students may be counted in more than one row, and full-time freshmen
should also be counted as full-time undergraduates.
Do NOT include any aid related to the CARES Act or unique to the COVID-19 pandemic.
    First-time Full-time Freshmen Full-time Undergrad
(Incl. Fresh)
Less Than
Full-time
Undergrad
A Number of degree-seeking undergraduate students (CDS Item B1 if reporting on Fall 2021 cohort) 259 1159 27
B Number of students in line a who applied for need-based financial aid 227 939 20
C Number of students in line b who were determined to have financial need 183 707 11
D Number of students in line c who were awarded any financial aid 183 707 11
E Number of students in line d who were awarded any need-based scholarship or grant aid 183 671 10
F Number of students in line d who were awarded any need-based self-help aid 127 563 10
G Number of students in line d who were awarded any non-need-based scholarship or grant aid 48 116 1
H Number of students in line d whose need was fully met (exclude PLUS loans, unsubsidized loans, and private alternative loans) 42 100 2
I On average, the percentage of need that was met of students who were awarded any need-based aid. Exclude any aid that was awarded in excess of need as well as any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans) 76.1% 69.0% 53.9%
J The average financial aid package of those in line d. Exclude any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans) $ 28,818 $ 29,083 $ 14,317
K Average need-based scholarship and grant award of those in line e $ 23,778 $ 24,728 $ 11,424
L Average need-based self-help award (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in line f $ 5,781 $ 5,821 $ 3,703
M Average need-based loan (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in line f who were awarded a need-based loan $ 3,308 $ 4,390 $ 2,803
H2A Number of Enrolled Students Awarded Non-need-based Scholarships and Grants: List the number of degree-seeking full-time and less-than-full-time undergraduates who had no financial need and who were awarded institutional non-need-based scholarship or grant aid.
Numbers should reflect the cohort awarded the dollars reported in H1.
In the chart below, students may be counted in more than one row, and full-time freshmen should also be
counted as full-time undergraduates.
Do NOT include any aid related to the CARES Act or unique to the COVID-19 pandemic.
    First-time
Full-time
Freshmen
Full-time
Undergrad
(Incl. Fresh.)
Less Than
Full-time
Undergrad
N Number of students in line a who had no financial need and who were awarded institutional non-need-based scholarship or grant aid (exclude those who were awarded athletic awards and tuition benefits) 75 427 10
O Average dollar amount of institutional non-need-based scholarship and grant aid awarded to students in line n $ 16,190 $ 15,657 $ 11,734
P Number of students in line a who were awarded an institutional non-need-based athletic scholarship or grant 0 0 0
Q Average dollar amount of institutional non-need-based athletic scholarships and grants awarded to students in line p $ 0 $ 0 $ 0
Note: These are the graduates and loan types to include and exclude in order to fill out CDS H4 and H5.
Include:
2021 undergraduate class: all students who started at your institution as first-time students and
received a bachelor's degree between July 1,
2020 and June 30, 2021.
Only loans made to students who borrowed while enrolled at your institution.
Co-signed loans.
Exclude
Students who transferred in.
Money borrowed at other institutions.
Parent loans
Students who did not graduate or who graduated with another degree or certificate (but no
bachelor s degree).
Any aid related to the CARE Act or unique the COVID-19 pandemic.
H4 Provide the number of students in the 2021 undergraduate class who started at your institution as first-time students and received a bachelor's degree between July 1, 2020 and June 30, 2021. Exclude students who transferred into your institution. 321
H5. Number and percent of students in class (defined in H4 above) borrowing from federal, non-federal, and any loan sources, and the average (or mean) amount borrowed.
The Average per-undergraduate-borrower cumulative principal borrowed, is designed to provide better
information about student borrowing from federal and nonfederal (institutional, state, commercial) sources.
The numbers, percentages, and averages for each row should be based only on the loan source specified for
the particular row. For example, the federal loans average (row b) should only be the cumulative average of
federal loans and the private loans average (row e) should only be the cumulative average of private loans.
  Source/Type of Loan Number in the class (defined in H4 above) who borrowed from the types of loans specified in the first column Percent of the class (defined above) who borrowed from the types of loans specified in the first column (nearest 1%) Average per-undergraduate-borrower cumulative principal borrowed from the types of loans specified in the first column (nearest $1)
A Any loan program: Federal Perkins, Federal Stafford Subsidized and Unsubsidized, institutional, state, private loans that your institution is aware of, etc. Include both Federal Direct Student Loans and Federal Family Education Loans. 183 57.01% $26,741
B Federal loan programs: Federal Perkins, Federal Stafford Subsidized and Unsubsidized. Include both Federal Direct Student Loans and Federal Family Education Loans. 182 56.70% $20,461
C Institutional loan programs. 0 0.00% $0
D State loan programs. 0 0.00% $0
E Private student loans made by a bank or lender. 25 7.79% $46,783
Aid to Undergraduate Degree-seeking Nonresident Aliens
Report numbers and dollar amounts for the same academic year checked in item H1
H6 Indicate your institution s policy regarding institutional scholarship and grant aid for undergraduate degree-seeking nonresident aliens:
  Institutional need-based scholarship or grant aid is available
x Institutional non-need-based scholarship or grant aid is available
  Institutional scholarship or grant aid is not available
If institutional financial aid is available for undergraduate degree-seeking nonresident aliens, provide the number of undergraduate degree-seeking nonresident aliens who were awarded need-based or non-need-based aid: 10
Average dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens: $10,910
Total dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens: $109,100
H7 Check off all financial aid forms nonresident alien first-year financial aid applicants must submit:
  Institution s own financial aid form
  CSS/Financial Aid PROFILE
  International Student s Financial Aid Application
x International Student s Certification of Finances
  Other (specify):
 
Process for First-Year/Freshman Students
H8 Check off all financial aid forms domestic first-year (freshman) financial aid applicants must submit:
x FAFSA
  Institution's own financial aid form
  CSS/Financial Aid PROFILE
  State aid form
  Noncustodial PROFILE
  Business/Farm Supplement
  Other (specify):
 
H9 Indicate filing dates for first-year (freshman) students:
Priority date for filing required financial aid forms:  
Deadline for filing required financial aid forms:  
x No deadline for filing required forms (applications processed on a rolling basis)
H10 Indicate notification dates for first-year (freshman) students (answer a or b):
a) Students notified on or about (date):
 
  b) Students notified on a rolling basis:
  Yes
  No
If yes, starting date:
 
H11 Indicate reply dates:
Students must reply by (date):  
or within _______ weeks of notification.  
Types of Aid Available
Please check off all types of aid available to undergraduates at your institution:
H12 Loans
x Direct Subsidized Stafford Loans
x Direct Unsubsidized Stafford Loans
x Direct PLUS Loans
x Federal Perkins Loans
  Federal Nursing Loans
  State Loans
  College/university loans from institutional funds
  Other (specify):
 
H13 Need Based Scholarships and Grants
x Federal Pell
x SEOG
x State scholarships/grants
x Private scholarships
x College/university scholarship or grant aid from institutional funds
  United Negro College Fund
  Federal Nursing Scholarship
  Other (specify):
 
H14 Check off criteria used in awarding institutional aid. Check all that apply.
  Non-Need Based Need-Based
Academics x x
Alumni affiliation x x
Art    
Athletics    
Job skills    
ROTC    
Leadership x x
Minority status x x
Music/drama x x
Religious affiliation x x
State/district residency    
H15 If your institution has recently implemented any major financial aid policy, program, or initiative to make your institution more affordable to incoming students such as replacing loans with grants, or waiving costs for families below a certain income level please provide details below:
 
Are these policies related to the COVID-19 pandemic?
  Yes
  No