Scholarship and Financial Aid University Budget
Start Date: January 1, 2065
Institution: [University Name]
Academic Year: 2065-2066
Prepared By: [Your Name]
1. Scholarship and Financial Aid Budget Overview
Category | Budgeted Amount | Actual Disbursement | Variance | Notes |
|---|
Merit-Based Scholarships | $2,500,000 | $2,450,000 | -$50,000 | Slight reduction in award amounts |
Need-Based Scholarships | $1,200,000 | $1,175,000 | -$25,000 | Fewer applications this year |
Departmental Scholarships | $850,000 | $875,000 | +$25,000 | Additional departmental funds awarded |
External Grants and Scholarships | $500,000 | $525,000 | +$25,000 | Additional external funding secured |
Student Loan Assistance | $4,000,000 | $3,900,000 | -$100,000 | Slight decrease due to lower loan demand |
Federal Work-Study Program | $300,000 | $290,000 | -$10,000 | Reduced hours due to staffing constraints |
2. Detailed Allocation by Department
Department/Program | Allocated Amount | Funds Used | Remaining Funds | Notes |
|---|
Engineering | $800,000 | $770,000 | $30,000 | Increased demand for scholarships |
Business Administration | $600,000 | $595,000 | $5,000 | Slightly over budget, adjustments needed |
Arts and Humanities | $500,000 | $485,000 | $15,000 | Under budget, funds to be reallocated |
Health Sciences | $600,000 | $580,000 | $20,000 | Additional funding is required for new programs |
Social Sciences | $300,000 | $290,000 | $10,000 | The remaining funds to be reallocated to other areas |
3. Financial Aid and Scholarship Distribution by Student Demographic
Demographic Group | Total Awarded | Number of Students | Average Award | Notes |
|---|
Undergraduate Students | $6,000,000 | 1,200 | $5,000 | Majority of financial aid recipients |
Graduate Students | $2,000,000 | 350 | $5,714 | Increased number of graduate applicants |
International Students | $500,000 | 50 | $10,000 | Higher awards due to increased international applications |
Low-Income Students | $1,500,000 | 450 | $3,333 | Targeted funding for students from low-income backgrounds |
4. Financial Aid Disbursement Schedule (2065)
Date | Type of Aid | Amount Disbursed | Notes |
|---|
January 15, 2065 | Merit-Based Scholarships | $600,000 | First round of merit scholarships |
February 1, 2065 | Need-Based Scholarships | $400,000 | First round of need-based awards |
March 10, 2065 | Departmental Scholarships | $250,000 | Awarded based on departmental needs |
April 20, 2065 | Federal Work-Study Program | $100,000 | Work-study funds disbursed to eligible students |
June 5, 2065 | External Scholarships/Grants | $500,000 | External funding disbursed |
August 1, 2065 | Loan Assistance | $1,000,000 | Initial loan distribution |
5. Notes and Recommendations for 2065-2066 Academic Year
Increase in Merit-Based Aid: Due to increased competition, merit-based scholarships should be increased by 5% for the next academic year to attract top talent.
Focus on Graduate Programs: More funds should be allocated to graduate programs, especially in high-demand fields like Health Sciences and Business Administration.
Low-Income Student Support: Additional financial support is recommended for low-income students to cover rising living expenses and tuition increases.
Reallocation of Unused Funds: Any unused departmental scholarship funds should be reassigned to high-need areas such as Engineering and Health Sciences.
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