Informational Memorandum

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1 The University of Wisconsin System Informational Memorandum UW System New Freshman Headcount Enrollment Fall 2007 to Fall 2017 Highlights Wisconsin resident new freshman applicants for Fall 2017: Admission rate... 93% Yield rate... 74% Percentage of Fall 2017 UW System new freshmen who: are Wisconsin residents... 74% are women... 54% are underrepresented minority students... 14% are first-generation college students... 37% were 19 and under... 97% were full-time students... 97% scored above the national ACT average score of % were in the top quartile of their high school classes... 43% enrolled with sophomore or higher class standing... 8% required math remediation... 19% required English remediation... 6% The University of Wisconsin System Office of Policy Analysis and Research March Van Hise Hall 1220 Linden Drive Madison, WI (608)

2 APPLICATION AND ADMISSION In fall 2017, 74,647 individuals applied to UW institutions as new freshmen. Among these individuals, 66,095 applicants submitted the required documents and fee to complete an application and 52,257 were admitted to at least one UW institution. A total of 28,995 new freshmen enrolled in the UW System in fall The total number of new freshman applicants with a completed application for fall 2017 has increased 16.8 percent (9,524 applicants) from fall The systemwide admission rate declined 6.8 percentage points from ten years ago while the number of admitted students increased 7.5 percent (3,639). The systemwide yield rate decreased 7.5 percentage points. See Appendix A for details. Resident Status The number of Wisconsin resident new freshman applicants decreased over the last few years while the number of non-resident applicants increased (Table 1). In fall 2017, 31,443 Wisconsin resident new freshman applicants completed an application, down from 34,773 in fall The number of non-resident applicants who completed an application was 26,870, nearly twice the number that applied for admission in fall As a result, the proportion of non-resident applicants increased while the proportion of Wisconsin resident applicants decreased. See Appendix A for details of UW System new freshman applicants, admissions, and enrollment by resident status over the last ten years. The admission rates and yield rates for Wisconsin resident new freshman applicants were fairly stable over the last decade and remained the highest among all applicant groups. In fall 2017, Wisconsin resident new freshman applicants had an admission rate of 92.9 percent and a yield rate of 73.6 percent. Non-resident new freshman applicants had the lowest admission and yield rates among all applicant groups. See Appendix B for applications, admissions, and enrollment by resident status and UW institution in fall Fall 2007 Fall 2012 Fall 2017 Table 1 UW System New Freshman Applicants, Admissions, and Enrollment by Resident Status Applicants Admitted Enrolled Total Completed % % WI Resident 37,025 34,773 32, % 24, % Non-Resident 16,190 14,188 9, % 3, % Reciprocity 8,072 7,610 5, % 2, % Total 61,287 56,571 48, % 30, % WI Resident 35,670 32,526 30, % 23, % Non-Resident 23,063 17,880 12, % 3, % Reciprocity 8,309 7,326 5, % 3, % Total 67,042 57,732 48, % 29, % WI Resident 34,395 31,443 29, % 21, % Non-Resident 31,578 26,870 16, % 4, % Reciprocity 8,674 7,782 6, % 3, % Total 74,647 66,095 52, % 28, % Reciprocity includes Minnesota reciprocity students. The admission rate is based on completed applications. Informational Memorandum Page 1

3 Gender Female applicants comprised 52.8 percent (34,888) of the new freshman applicants with a completed application in fall 2017, while 47.2 percent (31,207) were male applicants (Table 2). In 2007, 2012, and 2017, female applicants maintained a higher admission rate while admitted males maintained a higher yield rate. The admission and yield rates for both males and females in fall 2017 declined from both ten and five years ago. See Appendix C for applications, admissions, and enrollment by gender and UW institution. Table 2 UW System New Freshman Applicants, Admissions, and Enrollment by Gender Fall 2007 Fall 2012 Fall 2017 Applicants Admitted Enrolled Total Completed % % Female 32,551 30,098 26, % 16, % Male 28,736 26,473 22, % 14, % Total 61,287 56,571 48, % 30, % Female 34,964 30,477 26, % 16, % Male 32,078 27,255 22, % 13, % Total 67,042 57,732 48, % 29, % Female 39,277 34,888 28, % 15, % Male 35,370 31,207 23, % 13, % Total 74,647 66,095 52, % 28, % Underrepresented Minority (URM) Status The proportion of underrepresented minority (URM) applicants with a completed application increased from 9.0 percent to 15.5 percent while the proportion of non-urm applicants with a completed application decreased from 87.1 percent to 74.4 percent from ten years ago (Table 3). The number of international applicants with a completed application, 6,682 for fall 2017, has more than tripled since fall Compared with non-urm applicants, URM applicants had lower completion, admission, and yield rates in fall 2012 and See Appendix D for applications, admissions, and enrollment by race/ethnicity and UW institution. Fall 2007 Fall 2012 Fall 2017 Table 3 UW System New Freshman Applicants, Admissions, and Enrollment by Underrepresented Minority (URM) Status Applicants Admitted Enrolled Total Completed % % URM 6,323 5,090 4, % 2, % Non-URM 52,202 49,287 42, % 27, % International 2,762 2,194 1, % % Total 61,287 56,571 48, % 30, % URM 10,094 7,850 6, % 3, % Non-URM 50,947 45,573 39, % 25, % International 6,001 4,309 2, % % Total 67,042 57,732 48, % 29, % URM 12,943 10,240 8, % 4, % Non-URM 53,676 49,173 41, % 24, % International 8,028 6,682 2, % % Total 74,647 66,095 52, % 28, % Underrepresented minority (URM) students include those who indicated African American, American Indian, Hispanic/Latino(a), or Southeast Asian alone or in combination with other race/ethnicities. Informational Memorandum Page 2

4 ENROLLMENT Headcount In fall 2017, 28,995 new freshmen enrolled at a UW System institution, a slight increase of 247 enrollments from fall This is a decrease of 999 students (3.3%) from fall 2012 and a decrease of 1,657 (5.4%) from ten years ago. Gains in enrollment, from fall 2012 to fall 2017, at Madison (330), Eau Claire (279), La Crosse (222), River Falls (206), Green Bay (54), and Stout (30) were outweighed by enrollment declines at UW Colleges (959), Platteville (328), Oshkosh (322), Milwaukee (259), Whitewater (154), Stevens Point (77), and Superior (21). New freshman enrollment at Parkside remained flat from fall 2012 to fall UW-Madison, UW Colleges, and UW-Milwaukee enroll 45.2 percent of new freshman in the UW System, with over one in every five new freshman enrollments occurring at UW-Madison. In fall 2017, the new freshman proportion of total institutional headcount enrollment ranged from 10.9 percent at UW-Oshkosh to 28.2 percent at UW Colleges. See Appendix E for new freshman enrollment by UW institution from fall 1976 to fall Table 4 UW System New Freshman Fall Headcount by Institution % of UWS NF Enroll % of Inst. Enroll % of UWS NF Enroll % of Inst. Enroll UW-Madison 5, % 14.4% 6, % 14.8% 6, % 15.2% UW-Milwaukee 4, % 15.7% 3, % 12.0% 3, % 12.7% UW-Eau Claire 2, % 18.7% 2, % 18.8% 2, % 21.7% UW-Green Bay 1, % 16.4% % 13.6% % 13.6% UW-La Crosse 1, % 17.6% 1, % 18.3% 2, % 20.1% UW-Oshkosh 1, % 13.8% 1, % 13.6% 1, % 10.9% UW-Parkside % 19.0% % 14.9% % 16.5% UW-Platteville 1, % 21.5% 1, % 20.2% 1, % 16.7% UW-River Falls 1, % 19.9% 1, % 17.4% 1, % 21.7% UW-Stevens Point 1, % 17.8% 1, % 16.9% 1, % 19.0% UW-Stout 1, % 17.7% 1, % 16.2% 1, % 16.3% UW-Superior % 12.7% % 13.6% % 13.3% UW-Whitewater 2, % 19.2% 2, % 18.0% 2, % 16.2% UW Colleges 4, % 32.2% 4, % 30.0% 3, % 28.2% Total 30, % 17.7% 29, % 16.6% 28, % 16.6% % of UWS NF Enroll % of Inst. Enroll Informational Memorandum Page 3

5 DEMOGRAPHICS Resident Status In fall 2017, 74.1 percent (21,483) of new freshmen were Wisconsin residents, 15.2 percent (4,417) were nonresident new freshmen, and the remaining 10.7 percent (3,095) were enrolled under the Minnesota or Michigan reciprocity agreements (Table 5). Non-resident students include those enrolled in special tuition programs. In fall 2017, 843 new freshman enrolled in the Midwest Student Exchange Program, 289 enrolled in UW-Platteville s Tri- State Initiative, 27 enrolled in the Return to Wisconsin program, and 31 enrolled in the Veterans Choice program. Combined, these programs accounted for 26.9 percent of non-resident new freshman enrollments in fall Table 5 UW System New Freshmen by Resident Status and Institution Fall 2017 WI Resident Non-Resident Reciprocity Total % % % UW-Madison 3, % 2, % % 6,609 UW-Milwaukee 2, % % % 3,233 UW-Eau Claire 1, % % % 2,352 UW-Green Bay % % % 975 UW-La Crosse 1, % % % 2,119 UW-Oshkosh 1, % % % 1,519 UW-Parkside % % 4 0.6% 712 UW-Platteville 1, % % % 1,426 UW-River Falls % % % 1,325 UW-Stevens Point 1, % % % 1,560 UW-Stout % % % 1,528 UW-Superior % % % 345 UW-Whitewater 1, % % % 2,014 UW Colleges 3, % % % 3,278 Total 21, % 4, % 3, % 28,995 Reciprocity includes Minnesota and Michigan reciprocity students. The proportion of non-resident new freshmen has increased, reaching 15.2 percent in fall 2017, while the share of Wisconsin resident new freshman has decreased over the last ten years, in part due to the declining number of Wisconsin high school graduates (Table 6). More information on high school graduates can be found through the Wisconsin High School Graduate Projections prepared by UW-Madison s Applied Population Laboratory ( Table 6 UW System New Freshmen by Resident Status Fall 2007 to Fall 2017 WI Resident Non-Resident Reciprocity Total % % % , % 3, % 2, % 30, , % 2, % 2, % 30, , % 2, % 2, % 30, , % 3, % 3, % 30, , % 3, % 3, % 29, , % 3, % 3, % 29, , % 3, % 2, % 29, , % 3, % 2, % 29, , % 4, % 2, % 29, , % 4, % 3, % 28, , % 4, % 3, % 28,995 Informational Memorandum Page 4

6 Gender Female students comprised 54.0 percent of the new freshman class in fall 2017, while 46.0 percent were male students (Table 7). The percentage of female students ranged from 34.3 percent at UW-Platteville to 66.7 percent at UW-Green Bay. Table 7 UW System New Freshmen by Gender and Institution Fall 2017 Female Male Total % % UW-Madison 3, % 3, % 6,609 UW-Milwaukee 1, % 1, % 3,233 UW-Eau Claire 1, % % 2,352 UW-Green Bay % % 975 UW-La Crosse 1, % % 2,119 UW-Oshkosh % % 1,519 UW-Parkside % % 712 UW-Platteville % % 1,426 UW-River Falls % % 1,325 UW-Stevens Point % % 1,560 UW-Stout % % 1,528 UW-Superior % % 345 UW-Whitewater % 1, % 2,014 UW Colleges 1, % 1, % 3,278 Total 15, % 13, % 28,995 Figure 1 shows the trend in new freshman enrollment by gender from fall 2007 to fall The gender gap between female and male students declined from 2007 to 2010, but has since widened after Female students have made up the majority of the UW System new freshman class since Figure 1 UW System New Freshmen by Gender Fall 2007 to Fall 2017 Informational Memorandum Page 5

7 Race and Ethnicity In fall 2017, underrepresented minority (URM) students made up 14.3 percent (4,134) of the new freshman class, while 83.0 percent (24,055) of the incoming class were non-urm students. International students comprised 2.8 percent of fall 2017 new freshmen (Table 8). The proportion of URM new freshmen ranged from 6.7 percent at UW-La Crosse to 30.8 percent at UW-Parkside. Table 8 UW System New Freshmen by Race/Ethnicity and Institution Fall 2017 MSN MIL EAU GBY LAC OSH PKS PLT RVF STP STO SUP WTW UWC Total AA % 1.9% 6.6% 0.9% 3.0% 0.4% 3.3% 8.7% 2.5% 2.0% 2.5% 2.3% 0.9% 4.9% 3.6% 3.0% HL ,973 % 5.8% 13.6% 3.7% 6.4% 3.1% 6.6% 18.5% 4.7% 3.7% 4.1% 3.4% 2.9% 7.1% 9.7% 6.8% AI % 0.3% 0.4% 0.0% 0.3% 0.1% 0.1% 0.1% 0.1% 0.2% 0.4% 0.3% 2.0% 0.4% 0.6% 0.3% SA % 1.7% 3.5% 1.3% 2.7% 1.2% 3.4% 0.3% 0.4% 2.0% 1.7% 2.6% 0.6% 0.9% 2.4% 1.9% TMR URM % 1.2% 3.5% 2.0% 3.3% 1.8% 1.5% 3.1% 1.3% 1.9% 2.5% 2.4% 3.8% 2.9% 3.2% 2.3% URM ,134 % 10.8% 27.6% 8.0% 15.6% 6.7% 15.0% 30.8% 9.0% 9.7% 11.3% 10.9% 10.1% 16.2% 19.5% 14.3% HPI % 0.1% 0.0% 0.0% 0.0% 0.0% 0.1% 0.0% 0.2% 0.2% 0.1% 0.2% 0.0% 0.1% 0.1% 0.1% OA % 5.0% 3.2% 1.1% 1.1% 1.1% 0.4% 3.4% 0.7% 1.1% 0.9% 0.9% 0.3% 1.1% 0.6% 2.1% TMR- Non URM % 1.7% 1.5% 1.1% 0.5% 0.9% 0.7% 2.1% 0.4% 0.4% 0.6% 0.4% 0.6% 0.7% 0.9% 1.1% White 4,736 2,130 2, ,927 1, ,254 1,170 1,333 1, ,640 2,517 22,900 % 71.7% 65.9% 89.2% 81.8% 90.9% 83.3% 61.8% 87.9% 88.3% 85.4% 87.2% 75.4% 81.4% 76.8% 79.0% UNK % 2.4% 0.2% 0.1% 0.0% 0.0% 0.2% 0.0% 0.5% 0.1% 0.3% 0.1% 0.3% 0.0% 0.5% 0.7% INTL % 8.3% 1.6% 0.6% 0.9% 0.4% 0.3% 2.0% 1.3% 0.2% 1.3% 0.3% 13.3% 0.4% 1.6% 2.8% Total 6,609 3,233 2, ,119 1, ,426 1,325 1,560 1, ,014 3,278 28,995 % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Underrepresented minority (URM) students include those who indicated African American, American Indian, Hispanic/Latino(a), or Southeast Asian alone or in combination with other race/ethnicities. AA (African American), HL (Hispanic/Latino(a)), AI (American Indian), SA (Southeast Asian), TMR-URM (Students identifying as two or more races, one of which is an underrepresented minority group), URM (Underrepresented Minority), HPI (Hawaiian/Pacific Islander), OA (Other Asian), TMR-Non-URM (Students identifying as two or more races, none of which is an underrepresented minority group), UNK (Students whose race/ethnicity is unknown), INTL (International Students). Informational Memorandum Page 6

8 The number and proportion of URM new freshmen both reached record highs in fall 2017, surpassing the prior record set in fall Among URM students, Hispanic/Latino(a) students were the largest group (1,973 or 6.8%), followed by African American students (863 or 3.0%). Hispanic/Latino(a) new-freshman enrollments have steadily increased over the past ten years. The number and share of international students declined for the first time since fall Beginning in fall 2008 new freshmen were able to specify more than one race/ethnicity and Hawaiian/Pacific Islanders, previously classified under the Other Asian category, were given a separate race/ethnicity category. AA HL AI SA TMR-URM URM HPI OA TMR- Non-URM White UNK INTL Total Table 9 UW System New Freshmen by Race/Ethnicity Fall 2007 to Fall , % 3.3% 3.0% 3.0% 3.0% 3.2% 2.9% 3.0% 3.4% 3.2% 3.0% 3.0% ,042 1,175 1,324 1,391 1,483 1,663 1,756 1,821 1,973 % 2.7% 3.0% 3.4% 3.9% 4.4% 4.6% 5.0% 5.7% 6.0% 6.3% 6.8% % 0.8% 0.7% 0.4% 0.4% 0.4% 0.4% 0.4% 0.3% 0.3% 0.2% 0.3% % 1.8% 2.0% 2.1% 2.3% 2.3% 2.2% 2.2% 2.2% 2.0% 1.7% 1.9% % % 1.8% 2.0% 2.0% 2.2% 2.4% 2.3% 2,666 2,867 3,103 3,369 3,621 3,561 3,743 3,942 4,014 3,938 4,134 % 8.7% 9.5% 10.2% 11.1% 12.1% 11.9% 12.7% 13.5% 13.7% 13.7% 14.3% % 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% % 2.0% 1.4% 1.4% 1.4% 1.6% 1.5% 1.7% 1.9% 1.8% 2.0% 2.1% % 0.3% 0.5% 0.6% 0.7% 0.8% 0.8% 1.1% 1.7% 1.1% 1.1% 26,32 25,80 25,66 25,53 24,98 24,78 24,27 23,47 23,31 22,98 22, % 85.9% 85.1% 84.6% 84.4% 83.6% 82.6% 82.2% 80.7% 79.7% 80.0% 79.0% % 1.7% 1.9% 1.4% 0.2% 0.2% 0.1% 0.1% 0.2% 0.2% 0.1% 0.7% % 1.8% 1.8% 1.8% 2.1% 1.7% 3.0% 2.4% 2.5% 2.8% 3.0% 2.8% 30,65 30,32 30,33 30,25 29,88 29,99 29,53 29,10 29,26 28,74 28, % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% AA (African American), HL (Hispanic/Latino(a)), AI (American Indian), SA (Southeast Asian), TMR-URM (Students identifying as two or more races, one of which is an underrepresented minority group), URM (Underrepresented Minority), HPI (Hawaiian/Pacific Islander), OA (Other Asian), TMR-Non-URM (Students identifying as two or more races, none of which is an underrepresented minority group), UNK (Students whose race/ethnicity is unknown), INTL (International Students). Informational Memorandum Page 7

9 First-Generation College Students Students are identified as first-generation college students if neither parent earned a four-year college/university degree. In fall 2017, 36.5 percent (10,578) of new freshmen were first-generation college students (Table 10). UW Colleges (1,851), UW-Milwaukee (1,333), and UW-Madison (1,135) enrolled the largest number of firstgeneration new freshmen. UW Colleges had the highest proportion of first-generation college students (56.5%) in its new freshman class, followed by UW-Parkside (55.5%). Despite enrolling the third-highest number of firstgeneration new freshman, UW-Madison had the lowest proportion (17.2%). Table 10 UW System First-Generation New Freshmen by Resident Status and Institution Fall 2017 WI Resident Non-Resident Reciprocity Total % of WI Res % of Non- Res % of Recip % UW-Madison % % % 1, % UW-Milwaukee 1, % % % 1, % UW-Eau Claire % % % % UW-Green Bay % % % % UW-La Crosse % % % % UW-Oshkosh % % % % UW-Parkside % % % % UW-Platteville % % % % UW-River Falls % % % % UW-Stevens Point % % % % UW-Stout % % % % UW-Superior % % % % UW-Whitewater % % 1 5.6% % UW Colleges 1, % % % 1, % Total 8, % 1, % % 10, % The UW System began to collect first-generation information for new students who enrolled in fall The share of new freshmen who were first-generation college students was highest at 43.5 percent in 2010 and has since declined to 36.5 percent in fall 2017 (Table 11). While the proportion of Wisconsin residents who are first-generation students has steadily declined from the fall of 2010, it still remains the subgroup with the largest share of firstgeneration students. In fall 2017, first-generation new freshmen comprised 40.6 percent of all Wisconsin resident new freshmen. This proportion was 23.5 percent for non-residents and 26.6 percent for Minnesota or Michigan reciprocity students. Table 11 UW System First-Generation New Freshmen by Resident Status and Institution Fall 2009 to Fall 2017 WI Resident Non-Resident Reciprocity Total % of WI Res % of Non- Res % of Recip % , % % % 13, % , % % % 13, % , % % % 12, % , % % % 12, % , % % % 11, % , % % % 11, % , % % % 11, % , % % % 10, % , % 1, % % 10, % Informational Memorandum Page 8

10 Age UW System new freshmen age 19 and under made up the majority of new freshmen at 97.2 percent. The percentage of new freshmen age 20 and over was 2.8 percent (803 enrollments) for the UW System as a whole and ranged from 0.6 percent at UW-Eau Claire and UW-La Crosse to 9.3 percent at UW-Superior (Table 12). UW Colleges represented over one-third (289 enrollments or 36.0%) of UW System s 803 new-freshman enrollments aged 20 and up. Table 12 UW System New Freshmen by Age Group and Institution Fall and Under 20 to to and Over Total % % % % UW-Madison 6, % % 1 0.0% 0 0.0% 6,609 UW-Milwaukee 3, % % % 4 0.1% 3,233 UW-Eau Claire 2, % % 1 0.0% 0 0.0% 2,352 UW-Green Bay % % 7 0.7% 2 0.2% 975 UW-La Crosse 2, % % 0 0.0% 0 0.0% 2,119 UW-Oshkosh 1, % % 6 0.4% 0 0.0% 1,519 UW-Parkside % % % 7 1.0% 712 UW-Platteville 1, % % 2 0.1% 6 0.4% 1,426 UW-River Falls 1, % % 2 0.2% 2 0.2% 1,325 UW-Stevens Point 1, % % 6 0.4% 0 0.0% 1,560 UW-Stout 1, % % 3 0.2% 3 0.2% 1,528 UW-Superior % % 6 1.7% 2 0.6% 345 UW-Whitewater 1, % % % 3 0.1% 2,014 UW Colleges 2, % % % % 3,278 Total 28, % % % % 28,995 The proportion of UW System new freshmen aged 19 and under grew one-tenth of a percentage point to 97.2 percent in fall of 2017 to become the largest value for this share in the past ten years. The share of enrollments for new freshman aged 20 to 24, 25 to 34, and 35 and over, remained near their respective fall 2016 proportions (Table 13). Table 13 UW System New Freshmen by Age Group Fall 2007 to Fall and Under 20 to to and Over Total % % % % , % % % % 30, , % % % % 30, , % % % % 30, , % 1, % % % 30, , % % % % 29, , % % % % 29, , % % % % 29, , % % % % 29, , % % % % 29, , % % % % 28, , % % % % 28,995 Informational Memorandum Page 9

11 Full-Time Status The vast majority of UW new freshmen in fall 2017 (96.6%) were full-time students with a credit load of 12 or more credits (Table 14). UW Colleges had the highest proportion of part-time new freshmen (17.5%) and these 573 newfreshman enrollments account for 58.6 percent of the system s part-time new freshman enrollments. Table 14 UW System New Freshmen by Full-Time/Part-Time Status and Institution Fall 2017 Full-Time Part-Time Total % % UW-Madison 6, % % 6,609 UW-Milwaukee 3, % % 3,233 UW-Eau Claire 2, % 9 0.4% 2,352 UW-Green Bay % % 975 UW-La Crosse 2, % 5 0.2% 2,119 UW-Oshkosh 1, % % 1,519 UW-Parkside % % 712 UW-Platteville 1, % % 1,426 UW-River Falls 1, % % 1,325 UW-Stevens Point 1, % % 1,560 UW-Stout 1, % % 1,528 UW-Superior % 5 1.4% 345 UW-Whitewater 2, % % 2,014 UW Colleges 2, % % 3,278 Total 28, % % 28,995 The percentage of UW System full-time new freshmen remained steady over the past ten years (Table 15). The proportion of full-time new freshmen in fall 2009, 97.2 percent, was the highest in the past ten years, while the lowest proportion of this group for the past ten years was 96.5 percent in Table 15 UW System New Freshmen by Full-Time/Part-Time Status Fall 2007 to Fall 2017 Full-Time Part-Time Total % % , % 1, % 30, , % % 30, , % % 30, , % % 30, , % 1, % 29, , % 1, % 29, , % % 29, , % % 29, , % % 29, , % % 28, , % % 28,995 Informational Memorandum Page 10

12 EDUCATIONAL PREPARATION ACT Scores Table 16 shows the average ACT composite scores for new freshmen by UW institution from fall 2007 to fall The average ACT composite score of fall 2017 new freshmen ranged from 28.8 at UW-Madison to 20.4 at UW Colleges. Of the 1,499 (5.2%) UW System new freshmen who did not provide an ACT score, 917 (3.2%) instead provided SAT scores. Some students (481 or 1.7% of new freshman enrollments) provided both ACT and SAT scores. The UW System new freshman average ACT composite score of 23.8 is 2.8 test points higher than the national average of Since 2007, the average ACT composite score of UW System new freshmen has ranged from 2.0 to 3.0 test points above the national average. In fall 2017, 66.9 percent of UW System new freshmen scored above the national average. Table 16 UW System New Freshman Average ACT Composite Score by Institution and National Average ACT Composite Score Fall 2007 to Fall UW-Madison UW-Milwaukee UW-Eau Claire UW-Green Bay UW-La Crosse UW-Oshkosh UW-Parkside UW-Platteville UW-River Falls UW-Stevens Point UW-Stout UW-Superior UW-Whitewater UW Colleges UW System National Average Excludes students who did not provide an ACT score. Informational Memorandum Page 11

13 High School Rank In fall 2017, 43.3 percent of UW System new freshmen graduated from high school in the top 25 percent of their high school class (Table 17). Over three-fourths (76.7%) of new freshmen graduated in the top half of their high school class. See Appendix F for new freshman average high school percentile rank by UW institution from fall 1976 to fall Table 17 UW System New Freshmen by High School Rank and Institution Fall 2017 Top Quartile 2nd Quartile Top Half 3rd Quartile Bottom Quartile % % % % % UW-Madison 2, % % 2, % % 2 0.1% UW-Milwaukee % % 1, % % % UW-Eau Claire % % 1, % % 3 0.2% UW-La Crosse % % 1, % % 1 0.1% UW-Oshkosh % % % % % UW-Parkside % % % % % UW-Platteville % % % % % UW-River Falls % % % % % UW-Stevens Point % % % % % UW-Stout % % % % % UW-Superior % % % % % UW-Whitewater % % % % % UW Colleges % % % % % Total 7, % 5, % 13, % 3, % % Excludes students for whom a high school rank was not provided. High school rank information is not shown for UW-Green Bay as they do not collect high school rank from applicants. The percentage of UW System new freshmen graduating in the top 25 percent of their high school class decreased slightly compared to the prior fall, to 43.3 percent in fall 2017 (Table 18). For UW institutions that collect high school rank, the proportion of new freshmen for whom a high school rank was not provided increased from 18.5 percent in fall 2007 to 41.1 percent in fall Table 18 UW System New Freshmen by High School Rank Fall 2007 to Fall 2017 Top Quartile 2nd Quartile Top Half 3rd Quartile Bottom Quartile Total % % % % % , % 8, % 19, % 4, % 1, % 24, , % 8, % 19, % 4, % 1, % 24, , % 8, % 18, % 4, % 1, % 24, , % 7, % 18, % 4, % 1, % 23, , % 7, % 17, % 3, % 1, % 22, , % 6, % 16, % 3, % % 20, , % 6, % 14, % 3, % % 19, , % 6, % 15, % 3, % % 19, , % 6, % 14, % 3, % % 18, , % 6, % 13, % 3, % % 17, , % 5, % 13, % 3, % % 17,066 Excludes students for whom a high school rank was not provided. Informational Memorandum Page 12

14 Class Standing Many new freshmen enter a UW institution with Advanced Placement credits, with credits earned through the institution s placement testing process, or with college credits they earned while in high school. Some new freshmen have sufficient credits from these sources to qualify for sophomore or higher class standing. In fall 2017, the majority of UW System new freshmen (92.0%) enrolled with a class standing of freshman, while 8.0 percent entered with a sophomore or higher class standing (Table 19). UW-Madison had the largest proportion of new freshmen who entered with a sophomore or higher class standing (25.5%), accounting for 72.3 percent of the UW system total. Other institutions share of new freshman with sophomore or higher class standing ranged from 0.8 percent at UW Colleges to 6.4 percent at UW Superior. Table 19 UW System New Freshmen by Class Standing and Institution Fall 2017 Freshman Standing Sophomore or Higher Class Standing Total % % UW-Madison 4, % 1, % 6,609 UW-Milwaukee 3, % % 3,233 UW-Eau Claire 2, % % 2,352 UW-Green Bay % % 975 UW-La Crosse 2, % % 2,119 UW-Oshkosh 1, % % 1,519 UW-Parkside % % 712 UW-Platteville 1, % % 1,426 UW-River Falls 1, % % 1,325 UW-Stevens Point 1, % % 1,560 UW-Stout 1, % % 1,528 UW-Superior % % 345 UW-Whitewater 1, % % 2,014 UW Colleges 3, % % 3,278 Total 26, % 2, % 28,995 Class standing is based on the total number of degree credits; its requirements vary by UW institution. The number and proportion of UW System new freshmen enrolled with sophomore or higher class standing has been increasing since fall 2007 (Table 20). In fall 2007, 2.5 percent (780 enrollments) of UW System new freshmen entered with a sophomore or higher class standing; this proportion is 8.0 percent (2,327 enrollments) for fall Table 20 UW System New Freshmen by Class Standing Fall 2007 to Fall 2017 Freshman Standing Sophomore or Higher Class Standing Total % % , % % 30, , % % 30, , % % 30, , % 1, % 30, , % 1, % 29, , % 1, % 29, , % 1, % 29, , % 1, % 29, , % 2, % 29, , % 2, % 28, , % 2, % 28,995 Informational Memorandum Page 13

15 Remediation Table 21 shows the proportion of fall 2017 new freshmen who were placed into math or English remediation. In fall 2017, 19.0 percent of UW new freshmen were placed into math remediation and 6.3 percent were placed into English remediation. UW-Parkside had the highest proportion of its new freshmen requiring math remediation (47.2%) while UW-Superior had the highest proportion of its new freshmen requiring English remediation (24.9%). Table 21 UW System New Freshmen Placed into Math/English Remediation by Institution Fall 2017 Placed into Math Remediation Placed into English Remediation % % UW-Madison % N/A N/A UW-Milwaukee % % UW-Eau Claire % N/A N/A UW-Green Bay % % UW-La Crosse % % UW-Oshkosh % % UW-Parkside % N/A N/A UW-Platteville % N/A N/A UW-River Falls % % UW-Stevens Point % N/A N/A UW-Stout % % UW-Superior % % UW-Whitewater % % UW Colleges 1, % % Total 5, % 1, % Remediation requirements vary by UW institution. UW-Madison, UW-Eau Claire, UW-Parkside, UW-Platteville and UW-Stevens Point do not identify students needing English remediation and do not offer courses that are specifically intended for remedial English. The proportion of UW new freshmen placed into math remediation increased 1.7 percentage points, reaching 19.0 percent in fall 2017 (Table 22). The proportion of UW new freshmen placed into English remediation increased from 6.0 percent in fall 2016 to 6.3 percent in fall Table 22 UW System New Freshmen Placed into Math/English Remediation Fall 2007 to Fall 2017 Placed into Math Remediation Placed into English Remediation % % , % 2, % , % 2, % , % 2, % , % 2, % , % 2, % , % 2, % , % 2, % , % 2, % , % 1, % , % 1, % , % 1, % In fall 2017, UW System implemented common cut score placement for placing students out of remedial math and into credit-bearing coursework. For more detail, including campus specific implementation plans, visit Informational Memorandum Page 14

16 Applicants with Completed Applications Admitted % Admitted Enrolled % Enrolled Appendix A UW System New Freshman Applicants, Admissions, and Enrollment by Resident Status, Fall 2007 to Fall 2017 Reciprocity includes Minnesota reciprocity students. The admission rate is based on completed applications WI Resident 37,025 36,670 39,759 36,799 37,015 35,670 34,677 33,862 34,025 33,505 34,395 Non-Resident 16,190 17,169 18,048 18,370 21,826 23,063 25,773 25,922 28,494 29,119 31,578 Reciprocity 8,072 7,987 8,632 8,423 8,519 8,309 8,271 7,812 8,752 8,424 8,674 Total 61,287 61,826 66,439 63,592 67,360 67,042 68,721 67,596 71,271 71,048 74,647 WI Resident 34,773 34,342 35,830 33,593 33,363 32,526 31,532 31,178 31,307 30,727 31,443 Non-Resident 14,188 14,835 14,723 14,736 15,711 17,880 19,762 20,654 23,114 23,719 26,870 Reciprocity 7,610 7,454 7,853 7,686 7,245 7,326 7,309 7,047 7,730 7,450 7,782 Total 56,571 56,631 58,406 56,015 56,319 57,732 58,603 58,879 62,151 61,896 66,095 WI Resident 32,813 32,301 33,117 31,366 31,084 30,295 29,642 29,304 29,143 28,606 29,200 Non-Resident 9,879 9,236 10,184 10,323 10,882 12,452 12,425 11,877 14,302 15,538 16,942 Reciprocity 5,926 5,867 6,086 6,124 6,061 5,820 5,802 5,549 6,082 5,990 6,115 Total 48,618 47,404 49,387 47,813 48,027 48,567 47,869 46,730 49,527 50,134 52,257 WI Resident 94.4% 94.1% 92.4% 93.4% 93.2% 93.1% 94.0% 94.0% 93.1% 93.1% 92.9% Non-Resident 69.6% 62.3% 69.2% 70.1% 69.3% 69.6% 62.9% 57.5% 61.9% 65.5% 63.1% Reciprocity 77.9% 78.7% 77.5% 79.7% 83.7% 79.4% 79.4% 78.7% 78.7% 80.4% 78.6% Total 85.9% 83.7% 84.6% 85.4% 85.3% 84.1% 81.7% 79.4% 79.7% 81.0% 79.1% WI Resident 24,732 24,542 24,531 24,149 23,734 23,076 22,747 22,289 22,019 21,396 21,483 Non-Resident 3,070 2,870 2,848 3,130 3,112 3,855 3,845 3,933 4,281 4,312 4,451 Reciprocity 2,850 2,917 2,959 2,978 3,042 3,063 2,944 2,881 2,960 3,040 3,061 Total 30,652 30,329 30,338 30,257 29,888 29,994 29,536 29,103 29,260 28,748 28,995 WI Resident 75.4% 76.0% 74.1% 77.0% 76.4% 76.2% 76.7% 76.1% 76.1% 74.8% 73.6% Non-Resident 31.1% 31.1% 28.0% 30.3% 28.6% 31.0% 30.9% 33.1% 33.1% 27.8% 26.3% Reciprocity 48.1% 49.7% 48.6% 48.6% 50.2% 52.6% 50.7% 51.9% 51.9% 50.8% 50.1% Total 63.0% 64.0% 61.4% 63.3% 62.2% 61.8% 61.7% 62.3% 62.3% 57.3% 55.5% Informational Memorandum Page 15

17 Appendix B UW System New Freshman Applications, Admissions, and Enrollment by Resident Status and Institution, Fall 2017 MSN MIL EAU GBY LAC OSH PKS PLT RVF STP STO SUP WTW UWC WI Resident 8,312 7,706 4,163 2,331 5,277 5,357 1,771 2,576 1,457 2,981 1, ,164 5,408 Non-Resident 24,141 2, Applications Reciprocity 3, , , , Total 35,596 10,232 6,781 2,705 6,723 6,457 2,302 3,676 3,450 3,655 3,260 1,234 6,745 5,886 WI Resident 7,540 6,516 3,739 1,823 4,790 4,371 1,391 2,210 1,273 2,689 1, ,440 4,352 Completed Non-Resident 21,205 1, Applications Reciprocity 2, , , Total 31,603 8,499 5,985 2,045 6,033 5,182 1,743 3,032 2,943 3,265 2, ,706 4,696 WI Resident 5,915 5,679 3,261 1,821 3,956 3,464 1,111 2,141 1,128 2,504 1, ,671 4,335 Admitted Non-Resident 11,717 1, Reciprocity 1, , , Total 19,153 7,416 5,131 2,043 4,933 4,074 1,399 2,930 2,571 3,054 2, ,745 4,677 WI Resident 78% 87% 87% 100% 83% 79% 80% 97% 89% 93% 97% 94% 83% 100% % Admitted Non-Resident 55% 87% 79% 100% 78% 75% 82% 96% 86% 95% 97% 97% 85% 99% Reciprocity 53% 92% 84% 100% 79% 76% 79% 96% 86% 98% 97% 95% 82% 100% Total 61% 87% 86% 100% 82% 79% 80% 97% 87% 94% 97% 95% 83% 100% WI Resident 63% 48% 47% 49% 44% 39% 54% 50% 56% 52% 55% 36% 45% 72% % Enrolled Non-Resident 19% 28% 36% 40% 26% 27% 39% 44% 45% 48% 37% 29% 32% 53% Reciprocity 39% 38% 44% 47% 43% 29% 36% 33% 48% 39% 55% 44% 49% 21% Total 35% 44% 46% 48% 43% 37% 51% 49% 52% 51% 54% 37% 42% 70% Reciprocity includes Minnesota reciprocity students. The admission rate is based on completed applications. Applications and admissions include students who applied and/or were admitted to multiple UW institutions. Therefore, the totals derived by aggregating institution values in Appendices B, C, and D will not match the UW System totals reported in Tables 1, 2, 3, and Appendix A due to duplication. Applications Completed Applications Appendix C UW System New Freshman Applications, Admissions, and Enrollment by Gender and Institution, Fall 2017 MSN MIL EAU GBY LAC OSH PKS PLT RVF STP STO SUP WTW UWC Female 18,006 5,741 4,280 1,760 3,959 3,890 1,304 1,390 2,131 1,983 1, ,369 3,235 Male 17,590 4,491 2, ,764 2, ,286 1,319 1,672 1, ,376 2,651 Total 35,596 10,232 6,781 2,705 6,723 6,457 2,302 3,676 3,450 3,655 3,260 1,234 6,745 5,886 Female 16,085 4,731 3,787 1,360 3,566 3, ,112 1,843 1,791 1, ,796 2,530 Male 15,518 3,768 2, ,467 2, ,920 1,100 1,474 1, ,910 2,166 Total 31,603 8,499 5,985 2,045 6,033 5,182 1,743 3,032 2,943 3,265 2, ,706 4,696 Female 10,320 4,194 3,354 1,360 3,026 2, ,068 1,646 1,689 1, ,366 2,522 Admitted Male 8,833 3,222 1, ,907 1, , ,365 1, ,379 2,155 Total 19,153 7,416 5,131 2,043 4,933 4,074 1,399 2,930 2,571 3,054 2, ,745 4,677 Female 64% 89% 89% 100% 85% 81% 79% 96% 89% 94% 97% 95% 85% 100% % Admitted Male 57% 86% 81% 100% 77% 75% 81% 97% 84% 93% 97% 95% 82% 99% Total 61% 87% 86% 100% 82% 79% 80% 97% 87% 94% 97% 95% 83% 100% Female 34% 42% 45% 48% 42% 38% 49% 46% 51% 49% 49% 35% 40% 68% % Enrolled Male 35% 46% 48% 48% 45% 37% 54% 50% 52% 54% 58% 39% 45% 73% Total 35% 44% 46% 48% 43% 37% 51% 49% 52% 51% 54% 37% 42% 70% The admission rate is based on completed applications. Applications and admissions include students who applied and/or were admitted to multiple UW institutions. Therefore, the totals derived by aggregating institution values in Appendices B, C, and D will not match the UW System totals reported in Tables 1, 2, 3, and Appendix A due to duplication. Informational Memorandum Page 16

18 Appendix D UW System New Freshman Applications, Admissions, and Enrollment by Race/Ethnicity and Institution, Fall 2017 MSN MIL EAU GBY LAC OSH PKS PLT RVF STP STO SUP WTW UWC AA 1,011 1, HL 2,587 1, AI SA Admitted Completed Applications Applications TMR-URM URM 4,493 3, ,767 1, ,707 1,422 HPI OA 2, TMR-Non- URM White 19,893 5,760 5,755 1,958 5,864 4,472 1,032 2,935 2,708 2,933 2, ,794 4,189 Unknown 1, International 7, Total 35,596 10,232 6,781 2,705 6,723 6,457 2,302 3,676 3,450 3,655 3,260 1,234 6,745 5,886 AA HL 2,119 1, AI SA TMR-URM URM 3,513 2, , ,291 1,014 HPI OA 2, TMR-Non- URM White 18,199 5,106 5,226 1,621 5,406 3, ,557 2,371 2,682 2, ,219 3,497 Unknown International 6, Total 31,603 8,499 5,985 2,045 6,033 5,182 1,743 3,032 2,943 3,265 2, ,706 4,696 AA HL 1,386 1, AI SA TMR-URM URM 2,244 2, ,006 HPI OA 1, TMR-Non- URM White 11,926 4,779 4,512 1,619 4,428 3, ,502 2,144 2,569 2, ,709 3,487 Unknown International 2, Total 19,153 7,416 5,131 2,043 4,933 4,074 1,399 2,930 2,571 3,054 2, ,745 4,677 Informational Memorandum Page 17

19 Appendix D (Continued) UW System New Freshman Applications, Admissions, and Enrollment by Race/Ethnicity and Institution, Fall 2017 MSN MIL EAU GBY LAC OSH PKS PLT RVF STP STO SUP WTW UWC AA 57% 64% 63% 100% 67% 46% 54% 70% 55% 68% 86% 78% 54% 98% HL 65% 80% 83% 100% 79% 73% 76% 94% 84% 89% 97% 96% 74% 99% AI 61% 79% 89% 100% 67% 58% 80% 100% 50% 86% 91% 87% 78% 100% SA 66% 84% 82% 100% 79% 82% 62% 100% 82% 86% 99% 100% 79% 100% TMR-URM 66% 77% 78% 100% 77% 68% 68% 96% 72% 92% 93% 79% 76% 99% % Admitted URM 64% 75% 79% 100% 77% 64% 66% 87% 73% 83% 93% 86% 67% 99% HPI 59% 60% 67% - 100% 50% - 100% 67% 100% 100% - 67% 100% OA 65% 90% 88% 100% 85% 77% 84% 100% 76% 94% 96% 100% 88% 98% TMR-Non- URM 70% 94% 87% 100% 92% 76% 93% 100% 90% 100% 100% 80% 84% 100% White 66% 94% 86% 100% 82% 84% 93% 98% 90% 96% 98% 96% 88% 100% Unknown 68% 89% 100% - 100% 56% 0% 100% 100% 63% 100% 100% 67% 100% International 41% 96% 94% 100% 100% 88% 90% 97% 100% 100% 90% 97% 98% 100% Total 61% 87% 86% 100% 82% 79% 80% 97% 87% 94% 97% 95% 83% 100% AA 31% 39% 49% 45% 30% 25% 36% 45% 40% 38% 36% 14% 39% 55% HL 28% 40% 42% 41% 38% 31% 45% 39% 40% 38% 42% 37% 34% 66% AI 67% 55% 13% 27% 50% 14% 25% 50% 40% 58% 40% 54% 57% 83% SA 56% 43% 33% 45% 46% 34% 15% 38% 27% 45% 48% 18% 32% 60% TMR-URM 34% 49% 45% 46% 41% 24% 50% 39% 43% 57% 56% 50% 48% 69% % Enrolled URM 32% 41% 41% 43% 40% 29% 42% 41% 37% 43% 44% 36% 38% 64% HPI 50% 33% % - 100% 100% 100% 50% - 50% 43% OA 24% 43% 36% 34% 34% 13% 52% 29% 34% 42% 52% 8% 28% 48% TMR-Non- URM 25% 45% 41% 31% 36% 38% 56% 26% 26% 41% 27% 50% 35% 78% White 40% 45% 46% 49% 44% 40% 56% 50% 55% 52% 56% 38% 44% 72% Unknown 25% 75% 100% % - 33% 50% 33% 17% 50% - 18% International 22% 41% 50% 41% 42% 17% 74% 60% 27% N/A 26% 33% 21% N/A Total 35% 44% 46% 48% 43% 37% 51% 49% 52% 51% 54% 37% 42% 70% AA (African American), HL (Hispanic/Latino(a)), AI (American Indian), SA (Southeast Asian), TMR-URM (Students identifying as two or more races, one of which is an underrepresented minority group), URM (Underrepresented Minority), HPI (Hawaiian/Pacific Islander), OA (Other Asian), TMR-Non-URM (Students identifying as two or more races, none of which is an underrepresented minority group). Applications and admissions include students who applied and/or were admitted to multiple UW institutions. The admission rate is based on completed applications. Applications and admissions include students who applied and/or were admitted to multiple UW institutions. Therefore, the totals derived by aggregating institution values in Appendices B, C, and D will not match the UW System totals reported in Tables 1, 2, 3, and Appendix A due to duplication. Informational Memorandum Page 18

20 Appendix E UW System New Freshman Headcount by Institution Fall 1976 to Fall 2017 MSN MIL EAU GBY LAC OSH PKS PLT RVF STP STO SUP WTW UWC Total ,918 2,994 2, ,884 1, ,150 1,264 1,913 1, ,915 3,158 25, ,217 2,741 2, ,140 1, ,154 1,154 2,053 1, ,826 3,293 26, ,683 3,165 2, ,057 1, ,040 1,199 1,960 1, ,773 2,991 26, ,836 2,833 2, ,176 1,851 1,009 1,107 1,245 1,970 1, ,026 3,104 27, ,021 2,845 2, ,053 1,807 1,056 1,227 1,317 2,021 1, ,165 3,461 28, ,683 2,808 2, ,040 2,004 1,045 1,297 1,294 1,966 1, ,195 3,505 27, ,797 2,684 2, ,928 1, ,246 1,116 1,712 1, ,082 3,606 26, ,110 2,847 2, ,028 1,771 1,075 1,201 1,082 1,727 1, ,135 3,872 27, ,490 2,866 2, ,072 1, ,062 1,103 1,798 1, ,189 3,660 27, ,687 2,749 2, ,131 1, ,176 1,001 1,911 1, ,254 3,481 27, ,383 2,679 2, ,114 1, ,127 1,145 1,838 1, ,136 3,738 27, ,181 2,391 2, ,977 1, ,156 1,052 1,691 1, ,152 3,780 26, ,934 2,649 2, ,890 1, ,059 1,048 1,705 1, ,898 4,241 28, ,993 2,466 1, ,690 1, ,693 1, ,836 3,663 25, ,699 2,450 1, ,622 1, ,581 1, ,953 3,570 24, ,642 2,157 1, ,655 1, ,027 1,054 1,503 1, ,819 3,374 23, ,416 1,882 1, ,495 1, ,026 1,398 1, ,785 3,454 22, ,631 1,930 1, ,702 1, ,375 1, ,846 3,531 23, ,681 1,806 2, ,504 1, ,004 1,384 1, ,704 3,125 22, ,164 1,988 2, ,747 1, ,505 1, ,900 2,954 23, ,455 2,253 2,048 1,027 1,735 1, ,161 1,586 1, ,842 2,839 24, ,880 2,481 2, ,706 1, ,152 1,551 1, ,914 2,916 25, ,596 2,700 2,156 1,035 1,744 1, ,122 1,207 1,517 1, ,931 3,503 27, ,664 2,938 2, ,638 1, ,138 1,127 1,500 1, ,907 3,764 27, ,736 2,979 2, ,614 1, ,003 1,126 1,530 1, ,077 3,964 27, ,095 3,035 2, ,599 1, ,094 1,117 1,518 1, ,895 4,154 28, ,514 3,314 2, ,557 1, ,126 1,060 1,476 1, ,035 4,141 27, ,579 3,856 1, ,510 1, ,136 1,228 1,513 1, ,833 4,397 28, ,641 3,823 2, ,546 1, ,202 1,212 1,536 1, ,762 4,305 28, ,141 4,345 2, ,758 1, ,246 1,209 1,534 1, ,712 4,126 29, ,643 4,090 2,026 1,028 1,752 1, ,439 1,296 1,650 1, ,805 4,113 29, ,994 4,598 2,034 1,003 1,754 1, ,546 1,287 1,624 1, ,063 4,190 30, ,773 4,118 2,059 1,017 1,785 1, ,554 1,345 1,632 1, ,154 4,164 30, ,680 4,151 2,015 1,049 1,828 1, ,633 1,336 1,645 1, ,953 4,341 30, ,927 3,827 2, ,840 1, ,604 1,245 1,661 1, ,044 4,489 30, ,828 3,746 1, ,978 1, ,721 1,234 1,613 1, ,006 4,433 29, ,279 3,492 2, ,897 1, ,754 1,119 1,637 1, ,168 4,237 29, ,339 3,303 2, ,005 1, ,646 1,071 1,636 1, ,108 4,194 29, ,264 3,454 2, ,986 1, ,705 1,015 1,631 1, ,151 3,889 29, ,269 3,315 2, ,071 1, ,621 1,066 1,792 1, ,189 3,776 29, ,430 3,118 2, ,093 1, ,561 1,219 1,591 1, ,220 3,195 28, ,609 3,233 2, ,119 1, ,426 1,325 1,560 1, ,014 3,278 28,995 Informational Memorandum Page 19

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