REPORT TO THE BOARD OF GOVERNORS

Transcription

1 REPORT TO THE BOARD OF GOVERNORS SUBJECT STUDENT FINANCIAL SUPPORT ANNUAL REPORT MEETING DATE JUNE 14, 2018 Forwarded to the Board of Governors on the Recommendation of the President APPROVED FOR SUBMISSION Santa J. Ono, President and Vice-Chancellor FOR INFORMATION Report Date May 9, 2018 Presented By Louise Cowin, Vice-President Students Deborah Buszard, Deputy Vice-Chancellor and Principal Kate Ross, Associate Vice-President Enrolment Services and Registrar Cynthia Mathieson, Provost and Vice-Principal EXECUTIVE SUMMARY The UBC Annual Report on Student Financial Support provides a detailed summary of student financial assistance allocated for the academic year (May 2017 April 2018), as of April 2, It provides information about the total financial assistance received from all sources by UBC students across both campuses, Vancouver and Okanagan. The data shows breakdowns by funding sources, award types and student categories. This report breaks down information by different types of financial support, including need-based assistance, merit-based assistance, hybrid (need- and merit-based) support, and support from the work learn program. Detailed descriptions of the various financial support programs are included in the annual report. UBC has expanded financial support programs for the under-represented student population and for international undergraduate awards. In , 27,644 students received financial assistance totalling $298.8 million (a $35.7 million or 14% increase from the previous year). Breakdown of the funding source is listed below: Government funding: $162.7 million (55%); UBC funding: $87.2 million (29%); External funding: $25.4 million (8%); Donor funding: $23.5 million (8%). Template revised: July 2017

2 STUDENT FINANCIAL SUPPORT ANNUAL REPORT UBC maintains a strong commitment to access for students by providing bursary support. This commitment is embodied in UBC Policy #72, Access to The University of British Columbia, which states that no Eligible (domestic) student (as defined in UBC Policy #72) will be prevented from commencing or continuing his or her studies at the University for financial reasons alone. If an Eligible Student and his or her family exhaust the financial resources available to them, the University will ensure that financial support will be made available to them. New and expanded UBC student financial support programs implemented in include: Blue & Gold Award Campaign Student Housing Assistance Grant Expansion of Centennial Scholars Entrance Award Program, including Centennial Leader INSTITUTIONAL STRATEGIC PRIORITIES SUPPORTED Learning Research Innovation Engagement (Internal / External) or Operational International DESCRIPTION & RATIONALE The Annual Report on Student Financial Support provides information about the total financial assistance received from all sources by UBC students in the academic year of These financial support sources include repayable loans such as Canadian and US government student loans, UBC loans and advances, and nonrepayable funding received from UBC Operating funds, government grants, endowed awards, and annual donor contributions. Need-based assistance is provided on the basis of the assessed financial need of the students. Typically, bursaries cover the portion of an eligible student s financial need not met by government student loans and grants, scholarships, or external bursaries. Merit-based scholarships are normally awarded on the basis of outstanding academic achievements, leadership potential, community involvement or other personal characteristics without regard for the financial resources available to them. Hybrid awards are provided to students with high academic achievement who have financial need. The Work Learn program funds on-campus work experiences that prioritize student learning and the development of professional skills. UBC has focused its initiatives for the financial support programs to promote the accessibility for UBC students. In , the Blue & Gold Campaign, the largest fund raising campaign for students ever, was launched by UBC. Further support was also provided to Aboriginal students with financial needs, with the Centennial Scholars Entrance Award and UBC Access Promise programs. The Students with Lived Experience in Government Care program (formerly referred to as the Youth Aging Out of Care Tuition Waiver) was also expanded in Previous Report Date June 14, 2017 Decision Action / Follow Up For Information N/A Page 2

3 ANNUAL REPORT ON STUDENT FINANCIAL SUPPORT LOUISE COWIN Vice-President Students KATE ROSS Associate Vice-President Enrolment Services and Registrar DEBORAH BUSZARD Deputy Vice-Chancellor & Principal CYNTHIA MATHIESON Provost and Vice-Principal Academic

4 TABLE OF CONTENTS INTRODUCTION 5 NEW INITIATIVES AND MAJOR CHANGES 7 New Initiatives and Major Changes in 8 TRENDS IN UBC STUDENT FINANCIAL SUPPORT 10 Total Student Financial Support 11 Student Financial Support from UBC Operating Fund 14 MERIT-BASED FINANCIAL AWARDS 17 Merit-Based Financial Awards 18 Merit-Based Awards to Domestic Undergraduate Students 18 Merit-Based Awards to International Undergraduate Students 19 Merit-Based Awards to Both Domestic & International Undergraduate Students 21 Merit-Based Awards to Graduate Students 22 Merit-Based Awards to Aboriginal Students 22 HYBRID FINANCIAL AWARDS 24 Hybrid Financial Awards 25 Hybrid Financial Awards to Domestic Undergraduate Students 25 Hybrid Financial Awards to International Undergraduate Students 25 NEED-BASED FINANCIAL SUPPORT 28 Need-Based Financial Support 29 UBC General Bursary 29 UBC Access Promise Program 30 Financial Support to Domestic Under-Represented Student Populations 31 Aboriginal Students 31 Refugee Students 32 Students with Lived Experience In Government Care 34 Students with Disabilities 35 Students from Low-Income and Middle-Income Families 35 Student Housing Supplement Grant 36 EXPERIENTIAL LEARNING PROGRAMS 37 Financial Support to Enriched Educational Experiences 38 International Learning Awards 38 Work Learn Program 39 GOVERNMENT FINANCIAL SUPPORT PROGRAMS 41 Canada Student Loans Program 42 Canada Student Grant for Full-Time Student 42

5 Fixed Student Contribution Model 42 Debt Repayment 43 US Federal Direct Loan Program 44 OTHER KEY INITIATIVES 45 Student Financial Advising and Financial Literacy 46 Sponsorship 47 Other Financial Support Data 48

6 LIST OF TABLES Table 1. Total Student Financial Assistance, By Funding Source 11 Table 2. Canada Student Loans Program, By Student Level 12 Table 3. Total Student Financial Assistance, By Award Type 13 Table 4. Student Financial Assistance from UBC Operating Funds, By Award Type 14 Table 5. Student Financial Assistance from UBC Operating Funds, By Student Level 15 Table 6. Student Financial Assistance from UBC Operating Funds, By Student Type 16 Table 7. Merit Based Financial Awards from UBC Operating Fund, By Admission Level 21 Table 8. Merit-based Awards from UBC Controlled Funding to Graduate Students, By Award Program 22 Table 9. Hybrid Financial Support from UBC Operating Funds, By Award Program 27 Table 10. Total Bursary Support from UBC Controlled Funding, By Funding Source 29 Table 11. Total Number of Domestic Students Receiving Bursary, By Student Level 30 Table 12. Average Value of Bursary Received By UBC Domestic Students, By Student Level 30 3Table 13. Bursary Deductibles 30 Table 14. UBC Access Promise Financial Support 31 Table 15. Previous Year s Total Family Income Thresholds for Determining Eligibility for Canada Student Grants for Full-Time Students for the Program Year 42 Table 16. Debt Repayment Trend 43 Table 17. Number of Sponsors and Number of Students Supported, By Sponsor Category 47 Table 18. Sponsorship Funding Amount, By Campus 47 Table 19. Total Student Financial Assistance, By Faculty, By Award Type 48 Table 20. Student Financial Assistance from Operating Funds, By Faculty, By Award Type 49 Table 21. Changes to the Canada Student Loans Program Financial Need Assessment 50 Table 22. Total Bursaries, By Program 51 Table 23. Bursary Support for Designated Graduate Programs 54

7 LIST OF FIGURES Figure 1. Number of Students Supported By Total Student Financial Assistance, By Funding Source 11 Figure 2. Financial Support Funding Source, By Campus 12 Figure 3. Students Supported By Canada Student Loans Program, By Student Level 12 Figure 4. Number of Students Receiving Financial Assistance, By Award Type 13 Figure 5. Percentage of Financial Assistance, By Award Type, By Campus 13 Figure 6. Total Tuition and Student Fees Revenue vs Financial Assistance 14 Figure 7. Number of Students Supported By UBC Operating Funds, By Award Type 15 Figure 8. Number of Students Supported By UBC Operating Funds, By Student Level 16 Figure 9. Students Supported by UBC Operating Funds, By Student Type 16 Figure 10. Merit-Based Awards from UBC Controlled Funding for Aboriginal Students 23 Figure 11. UBC Controlled Funding to Aboriginal Students 32 Figure 12. UBC Controlled Funding to Refugee Students 33 Figure 13. UBC Controlled Funding to Students with Lived Experience In Government Care 34 Figure 14. UBC Controlled Funding to Students from Low-Income and Middle-Income Families 35 Figure 15. UBC Controlled Funding to International Learning Programs, By Student Type 39 Figure 16. UBC Operating Fund to Work Learn Program 40 Figure 17. Canada Student Loans Program Funding (Repayable Loans) 43 Figure 18. Canada Student Loans Program Funding (Non-Repayable Grants) 43 Figure 19. US Federal Direct Loan Program Funding 44

8 Section 1 INTRODUCTION 5

9 6 Introduction This Annual Report serves to provide detailed information and data trends on the student financial assistance provided to UBC students during the academic year. The UBC Student Financial Support program promotes accessibility for UBC students who require financial assistance to undertake their studies. Each of our 60,000+ UBC students is uniquely talented, but not all have the same opportunities. To realize their potential, many promising students need our support to access a life-changing education, said UBC President Santa J. Ono during the announcement of the BLUE & GOLD CAMPAIGN, the largest fund raising campaign for students ever launched by UBC. UBC recognizes the importance of ensuring that student financial support addresses the needs of students so that they can achieve their goals to build a better future to achieve their dreams to take on cancer, to solve climate change, to fight injustice, wrote President Ono. In, 27,644 students received financial assistance totaling $298.8 million, which represents a $35.7 million or 14% increase from the previous year. UBC funding contributed $87.2 million, an increase of $13.1 million or 18% from The types of financial assistance received by UBC students include scholarships, awards, bursaries, loans and grants. Financial support sources include repayable loans such as Canadian and US government student loans, UBC loans and advances, and non-repayable funding received from UBC operating funds, government grants, endowed awards, and annual donor contributions. The report includes information about the types of financial support provided, such as merit-based assistance, hybrid (need-and merit-based) support, needbased assistance, and experiential learning programs. Merit-based scholarships are normally awarded for outstanding academic achievements, leadership potential, community involvement or other personal characteristics without regard for the financial need of the student. Candidates must meet the award criteria to be considered for the award. Major university-wide undergraduate students merit awards include MAJOR ENTRANCE SCHOLARSHIPS, TREK EXCELLENCE SCHOLARSHIPS and DEPUTY VICE CHANCELLOR SCHOLARSHIPS for continuing students, PREMIER UNDERGRADUATE & WESBROOK SCHOLARSHIPS. Graduate students merit awards include FOUR-YEAR DOCTORAL FELLOWSHIPS, GRADUATE SUPPORT INITIATIVE AWARDS, and ABORIGINAL GRADUATE FELLOWSHIPS. Hybrid awards are awarded to students with high academic achievement who have financial need. These are typically multi-year entrance scholarships such as the CENTENNIAL SCHOLARS ENTRANCE AWARD (including Centennial Leaders) and INTERNATIONAL SCHOLARS. The majority of the hybrid awards are full-ride scholarships where the financial support is commensurate with the student s financial need as determined by the estimated costs of tuition, fees, books and living costs, less any financial contribution that the student or their family can make toward those costs. Need-based financial support is provided on the basis of the assessed financial need of the student. Typically, UBC bursaries for domestic students cover the portion of an eligible student s financial need not met by government student loans and grants, scholarships, or external bursaries. The experiential learning programs subsidize meaningful experiences on or off campus that offer UBC students the opportunity to develop their professional skills and to learn in a work or research environment. Examples include TUUM EST, GO GLOBAL and WORK LEARN programs. From these experiences, students receive an expanded network, ownership and responsibility for their work, self-awareness and reflection, as well as a wonderful opportunity to apply their knowledge in practical settings in the community, and to contribute to their personal learning goals.

10 Section 2 NEW INITIATIVES AND MAJOR CHANGES

11 8 New Initiatives and Major Changes in In November 2017, UBC announced the launch of the BLUE & GOLD CAMPAIGN, with the goal of raising $100 million in student financial support over three years. The Campaign will create awards to support academically qualified students, students from underrepresented populations, and students with leadership achievements in arts, community, athletics, or school, who would not be able to attend UBC without significant financial assistance. Priorities of the Blue & Gold Campaign include: the rebranded Presidential Scholars Award to recognize and attract the most outstanding entering undergraduate students who have exceptional academic records and leadership skills; Blue & Gold Bursaries to support eligible students from low- and middle-income families who have unmet financial needs, and expansion of the Centennial Leader and Scholar Entrance Award to support students who demonstrate strong academic achievement, excellent leadership skills, community involvement as well as financial need. UBC will provide up to $5 million in matching funds for new endowed gifts to the Blue & Gold Campaign. The STUDENTS WITH LIVED EXPERIENCE IN GOVERNMENT CARE PROGRAM (formerly referred to as the Youth Aging Out of Care Tuition Waiver) provides students with lived experience in government care with financial assistance. On September 1, 2017, the BC Government announced a Tuition Waiver Program, which provides free tuition for young people leaving foster care at all of the 25 BC public post-secondary institutions up to age 26. The BC Government Tuition Waiver allowed UBC to administer the provincial funding to students who were eligible while still providing a tuition waiver to students who met the existing UBC criteria. For the academic year, 24 students were funded through the Provincial Tuition Waiver Program. UBC funded tuition for an additional 14 students totalling $65,000. The STUDENT HOUSING ASSISTANCE GRANT program was first introduced to prospective students who started in academic year at Vancouver campus. The grant was issued to domestic students who wish to attend UBC and participate in the residence experience but may be unable to do so without additional financial support. Twenty one-time grants of up to $10,000 were offered to high school and transfer students who were starting their first undergraduate degree program at UBC Vancouver, and who demonstrated financial need. In, B.C. government adapted to the FIXED STUDENT CONTRIBUTION model, which was introduced by the Federal government. With the new model, students are only expected to provide a fixed contribution amount of between $1,500 and $3,000 in federal need assessment (no cap in provincial assessment) per academic year, based on family income and family size, as part of the determination of student loan and grant eligibility. The new fixed student contribution provides students with the predictability of a fixed amount to contribute towards their education costs. Students no longer need to estimate their earnings or savings, and know in advance the amount they need to contribute toward their education costs. In addition, more students are able to work and gain job experience without having a reduction applied to their level of financial assistance. Students facing barriers to employment are exempt from making any contribution, including Indigenous students, students with permanent disabilities, students with dependent children, and current or former Crown wards. In addition to the program changes, StudentAid BC increased the Moderate Standard of Living (MSOL) estimates for student. With the introduction of the fixed contribution model, not all of students total family income is taken into account in the calculation, thus this inflates students assessed unmet need. The fixed student contribution and the increase in the MSOL estimates have produced greater demand on the UBC GENERAL BURSARY, which has been used to fund the gap between students assessed unmet need and the support received from the government s student loan and grant program. There was a 34% increase in allocations made by the UBC General Bursary fund over the previous year. Under the UBC Access Promise program, there was an 84% increase in the number of students and 78% increase in funding over the previous year. All of these factors led to a deficit in the UBC General Bursary fund of $3.3 million. To provide further support to ABORIGINAL STUDENTS with financial need, in, UBC provided access for Aboriginal students with the CENTENNIAL SCHOLARS ENTRANCE AWARD and the UBC Access Promise programs. The Centennial Scholars Entrance Award program was originally intended to provide scholarships to 100 new incoming students and 10 Centennial Leaders on both campuses. Five Centennial Scholars and two Centennial Leaders in UBC Vancouver specifically for academically qualified Aboriginal students with financial need are being added in Similarly for UBC Okanagan in , one additional Centennial Leader is being added specifically for an aboriginal student. The UBC Access Promise program has expanded to include independent Aboriginal students at the Vancouver campus, and both

12 9 independent and dependent Aboriginal Students at the Okanagan campus. Enrolment Services has partnered with the Peter A. Allard School of Law to launch an online JURIS DOCTOR (JD) BURSARY CALCULATOR for prospective and current JD students. By completing 11 questions within 3 minutes, a JD student will know the estimated bursary he or she would be eligible for in the upcoming Winter session. By September 2018, an AWARDS SEARCH WEBSITE will be available to students, donors, and faculty and staff members, enabling users to search UBC awards. The tool will display award values, descriptions and application methods providing greater transparency and accessibility for students.

13 Section 3 TRENDS IN UBC STUDENT FINANCIAL SUPPORT

14 11 Total Student Financial Support In, 27,644 UBC students received financial assistance totalling $298.8 million. This represents an increase of $35.7 million or 14% over the previous year. UBC funding accounted for $87.2 million of the $298.8 million, or 29%. Government funding accounted for $162.7 million or 54%, of which $129.9 million, or 80% was provided in the form of repayable loans. External funding, from the Tri-Council agencies, the Canadian Institutes of Health Research (CIHR), the Natural Sciences and Engineering Research Council of Canada (NSERC), and the Social Sciences and Humanities Research Council (SSHRC), contributed $25.4 million or 8%. Donor funding accounted for the remaining $23.5 million or 8%. Of the $35.7 million increase, the majority of the increase ($19.2 million) was from government funding (Canadian Student Loans and Grants). Financial support from UBC funding increased by $13.1 million, of which bursary spending increased by $5.3 million. Table 1. Total Student Financial Assistance, By Funding Source The table shows the total student financial assistance received by students from fiscal years to, categorized by funding source In Thousands of Dollars Amount % Amount % Amount % Amount % Amount % Donor Funding $11,257 5% $13,305 5% $17,628 7% $19,670 8% $23,498 8% External Funding $26,745 11% $26,187 11% $26,507 11% $25,807 10% $25,369 8% Government Funding $135,388 58% $142,634 57% $137,817 55% $143,498 55% $162,729 54% UBC Funding $61,849 26% $66,574 27% $70,224 28% $74,066 28% $87,169 29% Grand Total $235, % $248, % $252, % $263, % $298, % Approximately 54% of the total financial support was funded through Government Funding, which includes Canada Student Loans (loan and grants) and US Federal student loan program. This percentage is comparable to last year s rate (55% in ). UBC Operating Funds accounted for $87.2 million of the total financial support, an increase of 18% over the previous year ($74.1 million in ). Figure 1. Number of Students Supported By Total Student Financial Assistance, By Funding Source The figure shows the total number of students receiving financial support, from fiscal years to, categorized by funding source. 45,000 40,000 35,000 25,073 25,525 25,647 25,987 27,644 Students 30,000 25,000 20,000 15,000 12,982 13,360 13,570 14,382 12,379 12,647 12,144 12,215 16,091 13,096 10,000 5,000-4,218 4,133 4,318 4,042 4,097 4,065 4,482 5,301 5,320 5, Donor Funding External Funding Government Funding UBC Funding

15 12 Figure 2. Financial Support Funding Source, By Campus The figures show the student financial support funding source, categorized by campus for fiscal. (Vancouver) UBC Funding 30% Donor Funding 9% External Funding 9% (Okanagan) UBC Funding 23% Donor Funding 3% External Funding 6% Government Funding 52% Government Funding 68% For UBC Vancouver, 52% of the total financial support provided through Government Funding remains the same compared to previous year. UBC Operating Funds accounted for 30% of the total financial support. For UBC Okanagan, total financial support provided through government funding accounted for 68%, a 2% drop from previous year, and 23% from UBC Funding. Table 2. Canada Student Loans Program, By Student Level The table shows total financial assistance received from Canada Student Loans Program, from to, categorized by student level In Thousands of Dollars Amount % Amount % Amount % Amount % Amount % Undergraduate $117,052 91% $123,267 90% $118,387 90% $123,365 90% $138,420 89% Graduate $12,074 9% $13,521 10% $13,812 10% $13,617 10% $16,675 11% Grand Total $129, % $136, % $132, % $136, % $155, % In, 89% of the total government loan amounts were disbursed to undergraduate students, while 11% was provided to graduate students. Figure 3. Students Supported By Canada Student Loans Program, By Student Level The figure shows the number of students that received Canada Student Loans Program, from fiscal years to, categorized by student level 14,000 12,000 12,008 12,309 11,837 11, ,059 1,056 1,070 12,754 1,197 10,000 Students 8,000 6,000 11,059 11,257 10,786 10,855 11,561 4,000 2, Undergraduate Graduate In, 33,938 full-time domestic undergraduate and graduate students were enrolled at UBC (report as headcount), which represents that 38% of full-time domestic students have received funding support from Canada Student Loans Program, a 4% increase from prior year.

16 13 Table 3. Total Student Financial Assistance, By Award Type The table shows the total student financial assistance received by UBC students, from to, categorized by award type In Thousands of Dollars Amount % Amount % Amount % Amount % Amount % Hybrid $4,562 2% $6,220 3% $7,434 3% $9,257 4% $11,318 4% Merit $77,623 33% $78,975 32% $83,438 33% $86,111 33% $94,422 32% Need $149,041 63% $158,923 64% $157,421 62% $163,316 62% $188,599 63% Work Learn $4,013 2% $4,581 2% $3,883 2% $4,356 2% $4,426 1% Grand Total $235, % $248, % $252, % $263, % $298, % In, of the total $298.8 million of financial assistance provided to UBC students, need-based support accounted for $188.6 million or 63%, meritbased support accounted for $94.4 million or 32%, while hybrid awards were $11.3 million or 4%, and Work Learn programs provided $4.4 million or 1%. Figure 4. Number of Students Receiving Financial Assistance, By Award Type The figure shows the number of students received financial assistance from fiscal years to, categorized by award type. Students 35,000 30,000 25,000 20,000 15,000 25,073 25,525 25,647 25,987 2,224 2,411 2,032 2,340 12,881 12,894 12,419 12,531 27,644 2,664 13,480 10,000 5, ,399 13,644 14,475 14,455 15, Hybrid Merit-Based Need-Based Work Learn Figure 5. Percentage of Financial Assistance, By Award Type, By Campus The figure shows the distribution of financial assistance categorized by award type in fiscal by campus. (Vancouver) Work Learn 2% (Okanagan) Work Learn 1% Hybrid 2% Need-Based 61% Merit-Based 33% Hybrid 4% Need-Based 77% Merit-Based 20% For UBC Vancouver, need-based assistance accounted for 61% of the total financial assistance provided, followed by merit-based support, which accounted for 33%. For UBC Okanagan, 77% of the total financial support provided for need-based assistance, while merit awards accounted for 20%.

17 14 Figure 6. Total Tuition and Student Fees Revenue vs Financial Assistance The figure shows the total tuition and student fees revenue against the total financial assistance administered by UBC from fiscal years to $700 $600 $500 Millions $400 $300 $200 $440 $476 $519 $560 $630 $100 $ $73 $73 $80 $88 $ Total Tuition and Student Fees Revenue Total Financial Assistance Note: Tuition and student fees revenue is based on UBC Consolidated Financial Statements. statements are not available at the time of writing this report. Total Financial Assistance administered by UBC is $111 million. As total tuition and student fees revenue received by UBC has increased from $560 million in to $630 million in , the total financial assistance provided has increased from $88 million to $94 million. The total financial assistance provided in accounted for 15% of total tuition and student fees revenue. Student Financial Support from UBC Operating Fund In, UBC provided $87.1 million in student financial assistance, an 18% or $13.0 million increase from the $74.0 million provided in Of the amount provided, $54.2 million or 62% was for meritbased scholarships, an increase of $6.7 million or 14% over the previous year. $34.8 million or 64% of the merit-based scholarships were granted to graduate students. A large part of graduate student funding is for Four-Year Doctoral Fellowships, Graduate Support Initiative Awards, and International Tuition Awards. $19.4 million or 36% of merit-based scholarships were granted to undergraduate students through Major Entrance Scholarships (domestic and international students), Outstanding International Students, Trek Scholarships for Continuing Students, Deputy Vice Chancellor Scholarships, and other scholarship programs. Table 4. Student Financial Assistance from UBC Operating Funds, By Award Type The table shows the distribution of financial assistance provided from UBC Operating Funds from fiscal years to, categorized by award type In Thousands of Dollars Amount % Amount % Amount % Amount % Amount % Hybrid $4,239 7% $5,182 8% $5,390 8% $6,459 9% $7,445 9% Merit $42,712 69% $43,485 65% $46,049 66% $47,421 64% $54,158 62% Need $10,752 17% $13,234 20% $14,845 21% $15,779 21% $21,078 24% Work Learn $4,013 7% $4,581 7% $3,883 6% $4,356 6% $4,426 5% Grand Total $61, % $66, % $70, % $74, % $87, %

18 15 $21.1 million or 24% of total UBC Operating Fund were disbursed for need-based assistance as part of the UBC Bursary Program, which includes emergency funding and grants. This represents a $5.2 million or 33% increase in bursary funding from the previous year. $18.3 million or 87% of need-based aid went to students in undergraduate programs, with the remaining amount for students in graduate programs. With the implementation of the UBC Access Promise, eligible domestic undergraduate students from low-income and middleincome families received bursaries without having to submit an application, resulting in an increase in the amount of need-based aid disbursed. The financial support programs of the university are designed to provide access to the financial resources necessary to meet the needs of eligible domestic students based on the methodology used by StudentAid BC. This means that for domestic students in eligible programs, bursaries cover the portion of the student s assessed financial need not met by government student loans and grants, scholarships, awards or external bursaries. $7.4 million (9% of funding) hybrid-based awards were disbursed for multi-year undergraduate programs, such as the International Leader of Tomorrow and Centennial Scholars Entrance Award. This represents a $1.0 million or 15% increase from the previous year. UBC has intentionally allocated more hybrid funding in support of the International Awards Programs and the Centennial Scholars Entrance Awards Program to support academically qualified students who show an interest in joining the UBC community, but who would not otherwise be able to attend without significant financial assistance. Expenditures in the Work Learn program increased by $0.07 million, or 2% to $4.4 million. Figure 7. Number of Students Supported By UBC Operating Funds, By Award Type The figure shows the number of students receiving financial assistance funded by UBC Operating Funds, from fiscal years to, categorized by award type. Students 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000-16,081 14,361 2,664 12,940 13,330 13,557 2,340 2,224 2,411 2,032 4,590 2,908 2,954 2,993 3,519 8,453 8,600 9,068 9,063 9, Merit-Based Need-Based Work Learn Hybrid In, UBC Operating Funds supported 9,742 students in merit awards, 4,590 students in bursaries, 317 students in hybrid awards, and 2,664 students in Work Learn programs. Table 5. Student Financial Assistance from UBC Operating Funds, By Student Level The table shows UBC Operating Funds from fiscal years to, categorized by student level In Thousands of Dollars Amount % Amount % Amount % Amount % Amount % Undergraduate $25,610 41% $30,805 46% $34,626 49% $38,357 52% $48,636 56% Graduate $36,105 59% $35,677 54% $35,540 51% $35,659 48% $38,472 44% Grand Total $61, % $66, % $70, % $74, % $87, % In, $48.6 million, or 56% of UBC Operating Funds were awarded to undergraduate students, and $38.5 million, or 44% to graduate students.

19 16 Figure 8. Number of Students Supported By UBC Operating Funds, By Student Level The figure shows the number of students that received financial assistance funded by UBC Operating Funds, from fiscal years to , categorized by student level. Students 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, ,081 12,940 13,330 13,557 14,361 5,669 5,481 5,488 5,529 5,458 7,520 7,896 8,061 8,982 10, Undergraduate Graduate In, 10,419 undergraduate, or 65% of students supported by UBC Operating Funds, and 5,669 graduate students, or 35%, received financial assistance funded by UBC Operating Funds. They represent 16% increase in undergraduate and 4% increase in graduate students compared to prior year. According to UBC enrolment data, 1 of every 5 undergraduate students (20% of UBC student headcount) and 1 of every 2 graduate students (53% of UBC student headcount) have benefited from UBC Operating Funds. Table 6. Student Financial Assistance from UBC Operating Funds, By Student Type The table shows the financial assistance received from UBC Operating Funds from fiscal years to, categorized by student type In Thousands of Dollars Amount % Amount % Amount % Amount % Amount % Domestic $32,971 53% $35,709 54% $36,671 52% $37,721 51% $43,489 50% International $28,744 47% $30,773 46% $33,495 48% $36,294 49% $43,619 50% Grand Total $61, % $66, % $70, % $74, % $87, % Over the past five years, the allocation of UBC Operating Funds has been distributed relatively even to domestic and international students. Figure 9. Students Supported by UBC Operating Funds, By Student Type The figure shows the number of students received financial assistance funded by UBC Operating Funds, from fiscal year to, categorized by student type. Students 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, ,081 12,940 13,330 13,557 14,361 5,092 4,107 4,294 4,531 4,772 8,833 9,036 9,026 9,589 10, Domestic International From the total number of students who received awarded funded by UBC Operating Funds, the student ratio between domestic and international students has been 2:1.

20 Section 4 MERIT-BASED FINANCIAL AWARDS 17

21 18 Merit-Based Financial Awards UBC provides merit-based financial awards and scholarships to support recruitment and to attract academically gifted students. UBC recognizes students for academic excellence, outstanding leadership, and active community involvement. Merit-Based Awards to Domestic Undergraduate Students The MAJOR ENTRANCE SCHOLARSHIP PROGRAM (MES) offers the most prestigious awards available to entering domestic undergraduate students at UBC, including renewable awards to a total maximum of $60,000 payable over four years and one-time awards valued at up to $10,000. In, UBC and its donors awarded $2.0 million to UBC students for excellent academic achievements from both campuses. With a continued focus to recruit outstanding students, in 2017, UBC provided offers for the MES programs two months earlier than previous years. The MES program managers re-evaluated their current practices and revised application timeline to allow for earlier adjudication and award offers to students. In addition, students were supported by UBC through a number of activities that included calling campaigns and special reception events for the selected candidates. Award candidates received phone calls from senior faculty members and current scholars to address their questions about UBC experience and encourage recipients to accept their offers. In addition, award candidates are invited to attend special scholar receptions which are held in April. In 2018, our top renewable award winners will have the opportunity to travel and visit the Vancouver campus of UBC during the UBC WELCOMES YOU event. This opportunity will allow award candidates to explore the UBC campus and connect with the UBC community, including faculty members, current scholars, and staffs. The PREMIER UNDERGRADUATE SCHOLARSHIPS and WESBROOK SCHOLARS are UBC's prestigious designations given to senior students with outstanding academic performance, leadership, and community involvement. Awards range from 20 Wesbrook Scholar designations worth $1,000 each to renewable scholarships worth $20,000 over two years. The SCHULICH LEADER SCHOLARSHIPS PROGRAM recognizes students across Canada who demonstrate excellence in academics and community leadership, and plan to study in one of the STEM areas (Science, Technology, Engineering, Mathematics) at either of UBC s campuses during their undergraduate degree. Schulich Leader Scholarships in Engineering are valued at $100,000 over four years. Schulich Leader Scholarships in STEM faculties outside of Engineering are valued at $80,000 over four years. UBC has received 4 additional grant fundings (2 for STEM and 2 for non- STEM) in and. I can say without a doubt had it not been for my MES, I would currently be at my small hometown community college. The experience of coming to UBC has shaped me in ways which remaining in my rural Albertan town could not have. I could not be more thankful for my MES allowing me to attend the University of British Columbia. Not to overstate, but truly, it has permanently altered the course of my life in the absolute best way possible. ANJALI MISHRA First year Science student, from Medicine Hat, AB

22 19 Merit-Based Awards to International Undergraduate Students The international undergraduate merit-based entrance awards are designed to strategically enroll and retain a diverse cohort of exceptional international students at UBC. The awards are made to students from all socioeconomic backgrounds with a focus on merit. The INTERNATIONAL MAJOR ENTRANCE SCHOLARSHIP (IMES) is a 4-year renewable scholarship that is awarded to newly admitted international undergraduate students on both campuses, on the basis of admission profiles, taking into consideration both their admissions average and their profile scores. The 2017 values of these awards ranged from $16,000 to $20,000 per year, but the awards may reach as high as the full tuition amount for extremely outstanding candidates. The current cohort of these scholarship recipients consists of 204 students from 47 different countries. Of these students, 105 newly joined the campuses in 2017 from 30 countries of citizenship and received a combined award amount of $1.2 million. The OUTSTANDING INTERNATIONAL STUDENT AWARD is a one-time, non-renewable scholarship that is given on the basis of student s admissions profile. All newly admitted undergraduate international students across both campuses are reviewed for eligibility for this award in order to provide a competitive scholarship offer to the university s top new students. The maximum amount available for this one-time award is one year of tuition and fees, but the 2017 values for these awards typically range from $6,000 to $14,000. In 2017, 600 new undergraduate international students from 70 different countries received a combined amount of over $4 million through the Outstanding International Student Award. The INTERNATIONAL COMMUNITY ACHIEVEMENT AWARDS are offered to serviceminded continuing international undergraduate students at both campuses. This $5,000 award recognizes international students who make significant contributions to the UBC and/or greater Kelowna or Vancouver community. To be eligible, the student must be an academically strong international undergraduate, with a demonstrated ability in one or more of the following areas: artistic endeavours, community service, athletic pursuits, original intellectual work, cross cultural relations, promotion of diversity, or other campus activities. $280,000 was disbursed to 61 students for, representing 31 countries of citizenship. In 2017, about $3.5 million was allocated for FACULTY AND SCHOOL-SPECIFIC SCHOLARSHIPS for continuing international students. Scholarships valued up to $10,000 each are available for 2nd, 3rd and 4th year students. Students must demonstrate strong academic achievement, engagement in the faculty, and the potential to make a scholarly contribution within their chosen field of study. These awards are available for students at both campuses and are made on the recommendation of the Faculty/School in which the student is registered. In 2017, 437 undergraduate international students from 55 countries of citizenship received an International Student Faculty Scholarship...Receiving the IMES award made all the difference. With the cost of a quality education now so much more affordable, I could explore my passion for film and psychology like I d always dreamed. It s crazy how the IMES award alone set my decision in stone to come to UBC, and for that, I am ever grateful. SHERWYN KALYAN Third year UBC IMES student from India

23 20 Since 2016, renewable merit-based entrance award offers have been made to students entering the university via the Vantage One program with the VANTAGE COLLEGE INTERNATIONAL MAJOR ENTRANCE SCHOLARSHIP (VCIMES). The Vantage College International Major Entrance scholarship for newly admitted Vantage One students is a multi-year, merit-based award. Recipients have demonstrated exceptional academic performance in their high school years and have expressed intellectual curiosity, initiative, awareness of global issues and a commitment to the well-being of others through their personal profile statement and engagement activities. The 2017 values of these awards ranged from $10,000 to $20,000 per year. These scholarships awards are available for students to attend either campus after the successful completion of their Vantage One year in Vancouver. The Vantage One International Major Entrance Scholarship was offered for the first time in 2017 to 6 students representing 4 countries of citizenship.

24 21 Merit-Based Awards to Both Domestic & International Undergraduate Students The Trek Excellence Scholarship recognizes outstanding continuing students at the Vancouver campus and the Deputy Vice Chancellor s Award recognizes academic achievement of continuing students at the Okanagan campus. The TREK EXCELLENCE SCHOLARSHIP is offered each year to students in the top 5% to 10% in each undergraduate faculty or school based on their grades for the prior session. Domestic students receive an award of $1,500 each. In the academic year, 648 domestic students received $808,500 through this award. International students in the top 5% to 10% of their year in their faculty or school receive an award of $4,000 plus an additional $1,000. In 2017, $764,000 was disbursed to 312 international students representing 44 countries of citizenship. In addition, this year, a new initiative under the TREK EXCELLENCE SCHOLARSHIP FOR CONTINUING INDIGENOUS STUDENTS OF CANADA program was created acknowledging that Aboriginal students take a lower course load and are subsequently ineligible for TREK. After the award criteria was adjusted, in, UBC was able to disburse $81,000 to 56 eligible Aboriginal students this year. The DEPUTY VICE-CHANCELLOR SCHOLARSHIP recognizes the exceptional academic achievement of continuing domestic and international undergraduate students entering second, third or fourth year at UBC's Okanagan campus. Scholarships of up to $1,500 are awarded academic performance in the previous year. For, 75 international students representing 33 countries of citizenship were awarded a total of $41,000, and 1,021 domestic students were awarded a total of $565,000. I have received this award every year since I have been eligible to receive it, and its impact on my experience at UBCO has been huge. This award has contributed to decreasing my financial anxiety in getting through university without excessive student debt. It has also given me a goal to shoot for in terms of academic achievement since this scholarship requires having a high GPA to be eligible. JACOB VAN DER HOLT Deputy Vice-Chancellor Scholarship (Domestic) Table 7. Merit Based Financial Awards from UBC Operating Fund, By Admission Level This table show the amount of merit based financial award funded by UBC operating funds, categorized by admission level. Refer to Table 7.1 for list of merit based award programs In Thousands of Dollars Amount % Amount % Amount % Amount % Amount % Entrance 1 $3,249 8% $4,725 11% $6,321 14% $6,390 13% $11,432 21% Continuing 2 $39,463 92% $38,760 89% $39,728 86% $41,032 87% $42,726 79% Grand Total $42, % $43, % $46, % $47, % $54, % 1 Major Entrance Scholarships, International Major Entrance Scholarships 2 Trek Excellence Scholarships, Premier Undergraduate & Wesbrook Scholarships, Go Global Experiential Awards Graduate Fellowships, Others

25 22 Merit-Based Awards to Graduate Students Every year, UBC attracts outstanding graduate students from around the globe to its world-class academic environment. Merit awards that are offered to graduate students include FOUR-YEAR DOCTORAL FELLOWSHIPS, GRADUATE SUPPORT INITIATIVE AWARDS, GRADUATE DEAN S ENTRANCE SCHOLARSHIP and ABORIGINAL GRADUATE FELLOWSHIP. A significant portion of the UBC Operating Fund allocated to graduate programs is dedicated to the FOUR-YEAR DOCTORAL FELLOWSHIP (4YF) PROGRAM. This program establishes a minimum funding for PhD students studying at UBC Vancouver. All full-time students who begin a UBC-Vancouver PhD program in September 2018 or later are provided with a funding package of at least $18,000 for each of the first four years of their PhD. The funding package may consist of any combination of internal or external awards, teaching-related work, research assistantships, and graduate academic assistantships. In 2017, the average amount of funding received by each UBC PhD student in the first four years of their program was more than $30,000 per year. This program allows UBC to continue to attract and support outstanding domestic and international doctoral students, and to provide those students with stable, baselevel funding for their doctoral studies and research. The graduate student financial assistance fund provides funding for the GRADUATE SUPPORT INITIATIVE (GSI) PROGRAM. This is a program for funding graduate students through entrance scholarships, multi-year funding packages, tuition awards, and scholarship top-ups. GSI funding cannot be used as payment for employment; nor will it replace funding for teaching assistantships. Approximately $6.5 million in GSI funding is awarded each year across all UBC graduate programs. With the introduction of minimum funding policy for PhD students, programs can carry forward up to 50% of GSI allocations to next year, giving programs the flexibility to reach recruitment goals while meeting policy requirement The GRADUATE DEAN S ENTRANCE SCHOLARSHIP is offered to academically talented incoming, full-time, thesis-based Master s and Doctoral students. Scholarships of $5,000 are awarded annually to help recruit excellent students to the campus. Last fiscal, eighty-three students received this award. Table 8. Merit-based Awards from UBC Controlled Funding to Graduate Students, By Award Program The table shows Merit-based awards from UBC Controlled Funding awarded to Graduate Students from fiscal to, categorized by award program. In Thousands of Dollars Four Year Fellowship program 3 $8,253 $9,093 $14,177 $14,656 $14,988 Graduate Support Initiative program 4 $9,939 $9,331 $9,402 $9,507 $9,038 International Tuition Award $6,873 $6,801 $6,575 $6,459 $6,845 Other $13,142 $12,956 $8,339 $9,576 $11,300 Grand Total $38,207 $38,181 $38,493 $40,198 $42,171 Merit-Based Awards to Aboriginal Students UBC offers multi-year Aboriginal fellowships to Master s and Doctoral Aboriginal students. Aboriginal graduate students receive a total of nearly $0.3 million in ABORIGINAL GRADUATE FELLOWSHIPS each year. Award winners are selected on the basis of academic merit through an annual competition, administered by the Faculty of Graduate and Postdoctoral Studies in consultation with the First Nations House of Learning. Approximately a dozen new fellowships are offered each year. Each fellowship provides a stipend of $18,200 per year for doctoral students or a stipend of $16,175 per year for Master s students. Additionally, Aboriginal Graduate Fellowship recipients are eligible to receive tuition funding. THE UBC-LANGARA ABORIGINAL TRANSFER PROGRAM gives Aboriginal students the option to transfer into a wide variety of UBC faculties Arts, Applied Science, Sauder School of Business, Forestry, Land and Food Systems, and Science and aims to 3 Four Year Fellowship program data migrated to Student Information System Centre in May International Tuition Award is only available at UBC Vancouver.

26 23 increase the number of students who transfer each year. Both entrance and continuing scholarships valued at up to $2,500 are available to Canadian Aboriginal students who have demonstrated academic achievement and community engagement. To acknowledge the strong relationship UBC has with the Musqueam First Nation, UBC Vancouver has created a MUSQUEAM FIRST NATION SCHOLARSHIP to support students from this community who are entering undergraduate and post-baccalaureate programs (including Medicine, Dentistry, Law, Education, Pharmacy, Nursing, Midwifery, and Social Work), valued at up to $5,500 annually and renewable for up to four years. Recipients must demonstrate academic and leadership achievements including, but not limited to, engagement in the arts, athletics, school, or their community and will be selected based on their ability to demonstrate their openness to continuing to learn who they are, where they come from, and their responsibility in enriching and carrying knowledge forward in their community and the world. Figure 10. Merit-Based Awards from UBC Controlled Funding for Aboriginal Students The figure shows Merit-based awards received by Aboriginal students from UBC Controlled Funding (UBC Operating Fund, Annual Donations and Endowed Awards) from fiscal to, categorized by award type. $2,000 $1,500 Thousands $1,000 $500 $1,434 $1,522 $1,734 $1,853 $2,097 $ Merit-Based

27 Section 5 HYBRID FINANCIAL AWARDS 24

28 25 Hybrid Financial Awards Hybrid financial support is provided to students with high academic achievements who also have financial need. It includes programs such as CENTENNIAL SCHOLARS AWARD, INTERNATIONAL LEADER OF TOMORROW, DONALD WEHRUNG INTERNATIONAL STUDENT AWARDS, and MASTERCARD FOUNDATION SCHOLARS. Hybrid Financial Awards to Domestic Undergraduate Students The UBC CENTENNIAL SCHOLARS ENTRANCE AWARD (CSEA) program provides financial support to academically qualified students demonstrating financial need. The funding includes renewable awards of up to a maximum total of $40,000 payable over four years and one-time awards valued at up to $5,000. For the second year in a row, in 2017, UBC awards 100 Centennial Scholars at both campuses. UBC also funds 10 Centennial Leaders, who are given full-ride financial support for their four years of undergraduate degree program, estimated at $80,000 for each student. The program includes dedicated funding for students from under represented populations, such as Aboriginal students. It was always my dream to move from rural Ontario out to the west coast to attend UBC, but that would have never been possible without the Centennial Scholars Entrance Award. I have been able to beat my circumstances and attend an amazing school, meet inspirational people, and belong to a community of innovators all thanks to the University of British Columbia; and for that, I am eternally grateful. VIOLET SKUCE UBC Vancouver Centennial Scholarship Entrance Award Hybrid Financial Awards to International Undergraduate Students The International Scholars Program is a competitive hybrid awards program that was initiated in The program consists of two scholarships: The International Leader of Tomorrow Award and the Donald Wehrung International Student Award. The INTERNATIONAL LEADER OF TOMORROW AWARD is designed for high-achieving students who have shown significant academic, leadership and personal potential, and who have significant financial need. This award is renewable until degree completion. The award amount for each student is determined based on their individual level of need and is available at both campuses. The 30 newest members of the International Leader of Tomorrow Award community were welcomed to UBC in September of 2017 and represent 19 countries of citizenship. The DONALD A. WEHRUNG INTERNATIONAL STUDENT AWARD aims to support students who have been living in or who have fled war torn-regions or regions where significant turmoil has limited their academic opportunities. The committee reviews applicants for this award on the basis of both academic merit and financial need. The award amount for these students typically covers full cost of tuition and living and is renewable until degree completion. Successful recipients of this award have demonstrated academic promise, leadership potential and character during their prior study and have shown persistence amidst difficult circumstances. The Donald A. Wehrung International Student Award is available on both campuses. The 2017 cohort for the Okanagan

29 26 campus consists of 6 students representing 5 countries of citizenship, while their 10 Vancouver peers represent 10 different countries of citizenship. The incoming cohort includes 5 new students representing 3 countries of citizenship, including 2 students from Syria. "As an international student, especially a double amputee, I could not continue my education here at UBC or enjoy my life as much as I do now without receiving the award. Being part of this close-knit and caring Scholar s community, I feel supported both in academic and personal aspects. We, award recipients, share our lives together and thrive together. It feels like another home away from China." MEIHUA HUANG Second Year UBC Vancouver, Donald A. Wehrung International Student Award Scholar The MASTERCARD FOUNDATION (MCF) SCHOLARS PROGRAM provides financial support to students who are citizens of sub-saharan African countries through a 10-year commitment funded by the MasterCard Foundation. The 2017 undergraduate MCF cohort was the penultimate group of undergraduate MCF Scholars as we are nearing the end of those 10 years. The graduate-level MCF awards will continue for several more years. The MCF Scholars program seeks to provide opportunities for students whose socioeconomic situation within the bottom two quintiles of their country s GDP scale makes it impossible for them to pursue a university education anywhere. Typical candidates are those who have had disruptions in their studies due to turmoil, civil unrest or familial loss or challenges and who require a full financial award in order to attend UBC. bettering one s community. Selected students are expected to complete internships in an African country during their study years in order to pave the way for them to eventually return home or work in fields that will make contributions to the development and infrastructure of their home countries. The MCF Scholars Program is available on the Vancouver campus only. The current undergraduate cohort consists of 54 students representing 14 countries of citizenship. This award is renewable until degree completion and is adjudicated on the basis of prior academic achievement, leadership potential, and demonstrated commitment to

30 27 The VANTAGE ONE EXCELLENCE AWARD program is designed for outstanding international students admitted to the Vantage One program and who lack the financial means to attend UBC. The award is renewable until degree completion and the amount of each student s award is determined based on their individual level of financial need. The adjudication committee will select students on the basis of their prior academic achievements, their demonstrated leadership potential, and their persistence shown in their high school years. Selected students are required to complete community-based leadership activities as well as developmental and academic workshops and sessions during their time at UBC. The first year of all Vantage One programs takes place on the Vancouver campus and then students continue either on the Vancouver or Okanagan campus, depending on the specific program they are in. The Vantage One Excellence Award follows the same pattern and can travel with award recipients to either campus after the initial year. The Mastercard Foundation Scholarship has given me an unparalleled opportunity that not so many young people like me get in Africa. I am incredibly blessed that I get to learn from the best here at UBC and I cannot wait to play my role in the African renaissance. The current cohort of Vantage One Excellence Award winners includes 10 students across all years representing 8 countries of citizenship. 4 new award students began their studies in September of 2017, representing 3 countries of citizenship, including 2 students from Syria. OLIVER NTWALI MULISA Master of Food and Resource Economics, Mastercard Foundation Scholar Table 9. Hybrid Financial Support from UBC Operating Funds, By Award Program The table shows the hybrid financial support from UBC Operating Funding from to, categorized by student type In Thousands of Dollars Amount % Amount % Amount % Amount % Amount % Domestic 5 $513 12% $550 11% $575 11% $818 13% $1,011 14% International 6 $3,726 88% $4,632 89% $4,815 89% $5,642 87% $6,434 86% Grand Total $4, % $5, % $5, % $6, % $7, % 5 Centennial Scholars Entrance Awards, Graduate Fellowships, Others 6 International Leaders of Tomorrow Awards, Don Wehrung International Student Award

31 28 Section 6 NEED-BASED FINANCIAL SUPPORT

32 29 Need-Based Financial Support Need-based financial support are non-repayable financial assistance supporting eligible student s academic program and/or living costs. UBC maintains a strong commitment to access for students 7 by providing bursary support. This commitment is embodied in Policy 72 Access to the University of British Columbia which states that: No Eligible Student (as defined by Policy UBC General Bursary UBC is meeting the Board s commitment to access for domestic students (Policy 72) by providing general bursary support. Bursaries cover the portion of an eligible student s assessed financial need not met by government student loans and grants, scholarships, or external bursaries. Bursary spending in any given year is equal to the aggregate amount of unmet financial need held by all eligible students. It is a demand-driven program that is subject to the number of students who are assessed with unmet financial need, and the magnitude of that need. While the majority of bursary funding is sourced from operating funds, qualifying students may be able to have portions of their unmet need fulfilled by donorsupported bursaries (i.e., endowed or annually donated). These additional sources of funding fluctuate from year to year based on endowment performance and annual donations made available. UBC General Bursary has been significantly impacted by the introduction of StudentAid BC s Fixed Student #72) will be prevented from commencing or continuing his or her studies at the University for financial reasons alone. If an Eligible Student and his or her family exhaust the financial resources available to them, the University will ensure that financial support will be made available to them. Contribution model. Without considering student s study and pre-study incomes and assets as part of student s financial resources for the study period, combined with the exemptions of minimum student contribution for students facing barriers to employment, UBC General Bursary has incurred a deficit of $3.3 million for the first time. If there are no changes to the current StudentAid BC program, the UBC General Bursary program is projected to continue to experience shortfalls in funding. The senior administration is currently exploring various options to ensure that the program is sustainable. Bursary and need-based grant expenditures for from UBC Controlled Funding totalled $25.7 million, representing a $6.0 million or 30% increase from the previous year. $21.1 million or 82% of bursary funding disbursed was funded from UBC Operating Funds, which represents a 34% increase from prior year. Table 10. Total Bursary Support from UBC Controlled Funding, By Funding Source The table shows the total bursary support from UBC Controlled Funding (UBC Operating Fund, Annual Donations and Endowed Awards) from to, categorized by funding source. In Thousands of Dollars Annual Donation $1,287 $1,206 $1,836 $1,359 $1,559 Endowed $1,381 $1,641 $2,781 $2,541 $3,049 UBC Funding $10,752 $13,234 $14,845 $15,782 $21,078 Grand Total $13,421 $16,081 $19,462 $19,682 $25,686 In, total number of students supported by UBC Bursary has shown a 23% increase to 5,335. It also represents that 42% of students (12,754) receiving Canada Student Loans has received bursary support, which is a 6% increase from 36% in prior year. 7 International students are not eligible for general need-based support provided through the bursary program (Policy 72), but are eligible to receive need-based support for emergency situations

33 30 Table 11. Total Number of Domestic Students Receiving Bursary, By Student Level The table shows the total number of domestic UBC students receiving bursary support from UBC Controlled Funding (UBC Operating Fund, Annual Donations, and Endowed Awards) from to, categorized by student level. Domestic Graduate Undergraduate 3,413 3,415 3,656 4,027 4,868 Grand Total 3,727 3,733 4,007 4,332 5,335 The average bursary per student has increased by 6% to $4,743 per student in (from $4,485 per student in ). Table 12. Average Value of Bursary Received By UBC Domestic Students, By Student Level The table shows the average value of bursary received by UBC students, from to, categorized by student level. Domestic Graduate $3,605 $4,605 $4,104 $4,862 $6,408 Undergraduate $3,586 $4,247 $4,865 $4,424 $4,581 Average $3,589 $4,280 $4,798 $4,457 $4,743 Students in differentiated undergraduate and postbaccalaureate programs pay higher levels of tuition. These programs have discrete and limited pools of funding for their students. Where bursary budgets are limited, a deductible may be applied to ensure maximum benefit. 3Table 13. Bursary Deductibles The table shows the amount of bursary deductible per term, from to, categorized by funding pool. Funding Pool(s) Vancouver Programs Commerce (BCOM) $0 $0 Dentistry (DMD) $19,550 $21,850 Education (BED 12-month) $1,080 $4,650 Law (JD) $780 $3,100 Medicine (MD) $3,720 $5,500 Entry-to-Practice Doctor of Pharmacy (PHRMD) $4,300 $5,400 Bachelor of Science in Pharmacy (BSCP) 8 $2,600 $2,600 Undergraduate $0 $0 Research Graduate $0 $0 Okanagan Programs $0 $0 UBC ACCESS PROMISE PROGRAM saw the initial implementation of the UBC ACCESS PROMISE PROGRAM at the Vancouver campus. Eligible domestic dependent undergraduate students from low-income and middle-income families (as defined by the federal government) who have unmet financial need, determined by StudentAid BC, were not required by UBC to submit an additional application to receive bursary funding. Upon confirmation of receipt of their student loan by StudentAid BC, the students with assessed unmet need received an instalment of bursary funding, subject to the requisite financial reviews and audits. In, the program has also expanded to independent Aboriginal students at both Vancouver and Okanagan campuses. Students receiving minimum of $35.29/week of Canada Student Grant for Full-Time Students were automatically qualified for the program. 496 students benefited from this program with disbursements valued at $1.1 million, which was a 84% increase in students and 78% increase in funding. 8 Bachelor of Science in Pharmacy (BSCP) has ended in Last student cohort will be expected to graduate in.

34 31 Table 14. UBC Access Promise Financial Support The table shows the total bursary and the number of students supported under UBC Access Promise Financial Support from to, categorized by faculty Recipients Amount Recipients Amount Vancouver 270 $611, $1,035,544 Applied Science 32 $72, $180,169 Arts 113 $266, $361,925 Dentistry 4 $30,900 5 $43,200 Education 9 $24, $31,775 Forestry 3 $5,825 9 $21,700 Land and Food Systems 10 $13, $31,950 Medicine 2 $4,450 Sauder School of Business 46 $92, $108,075 Science 60 $105, $252,300 Okanagan 13 $55,250 Applied Science 1 $350 Arts and Science 10 $46,800 Health and Social Development 2 $8,100 Grand Total 270 $611, $1,090,794 Financial Support to Domestic Under-Represented Student Populations Accessibility is an important component of the University s commitment to student financial support. Education is the best instrument for breaking down barriers to social and economic mobility, hence UBC is committed to enhancing access to under represented populations. In 2014, UBC conducted a review of comparator universities, student surveys, and changes in government student loan policies to identify gaps in financial support for under-represented student populations. The review resulted in enhancing financial support through the development of new award programs and intentional funding for these specific groups. The following sections describe the financial support programs available to under-represented student populations. ABORIGINAL STUDENTS In, UBC ACCESS PROMISE PRGRAM has expanded eligibility to cover independent Aboriginal students at the Vancouver campus, and both dependent and independent students at the Okanagan campus. A total of 11 Aboriginal students at the Vancouver campus have benefited from the program. At the Okanagan campus, 13 Aboriginal students have also benefited in its first year of implementation. UBC also has a donorfunded ABORIGINAL AWARDS PROGRAM, mostly bursaries, with total award funding of approximately $0.2 million. In addition to the above merit-based scholarships, over a third (36%) of Aboriginal students received funding from UBC.

35 32 Figure 11. UBC Controlled Funding to Aboriginal Students The upper figure shows total UBC Controlled Funding (UBC Operating Fund, Annual Donations and Endowed Awards) assistance given to Aboriginal students from to, categorized by award type. The bottom figure shows number of Aboriginal students receiving financial support out of students with self-identified Aboriginal status from to. Over a third (36%) of Aboriginal students received funding from UBC. Total Amounts of UBC Controlled Funding for Aboriginal Students $4,000 $3,775 Thousands $3,500 $3,000 $2,761 $2,815 $1,411 $2,500 $2,000 $1,500 $1,000 $500 $2,302 $2,033 $624 $468 $1,434 $1,522 $896 $1,734 $764 $1,853 $2,097 $ Hybrid Merit-Based Need-Based Work Learn Students 2,000 1,800 1,600 1,400 1,200 1, Number of Aboriginal Students Supported by UBC Controlled Funding 1,720 1,445 1,420 1,427 1, Number of Aboriginal Students Supported Total Number of Aboriginal Students REFUGEE STUDENTS World University Service of Canada (WUSC) is a Canadian non-profit organization dedicated to providing education, employment and empowerment opportunities for youth around the world. UBC is a proud supporter of WUSC in providing financial assistance to the Student Refugee Program (SRP) since Together, UBC and the Alma Mater Society (AMS) cover the students tuition, book fees and partial housing and living expenses. In , in partnership with the AMS, UBC doubled the number of new refugees supported from four to eight and increased the funding for housing and living expenses under its WORLD UNIVERSITY SERVICE OF CANADA BURSARY PROGRAM. UBC funded the full tuition and provided a book allowance for the duration of a WUSC student s degree, and students in their first year were also funded for guaranteed student housing and a meal allowance. Starting in , students were additionally funded for student residence in their second year, and provided an increased stipend of $5,200 for meals and groceries (up from $2,000 previously). Students in third and fourth year are now offered a monthly rent stipend of $400 toward on-campus housing.

36 33 The revised funding model encourages WUSC students to live on-campus in order to engage in campus life and more easily access opportunities such as employment and student leadership initiatives. Students will accrue less personal debt through reduced reliance on government student loans as a result of the changes to the funding model. Providing a robust model of financial support enables students to concentrate on their studies and student life on campus while reducing the burden of financial debt. These are important factors toward personal success and supports resettlement of WUSC refugee students into life at UBC and Canada. As of, 30 students, studying across five programs, are currently receiving WUSC funding. This award has enabled students to participate fully in their studies and as community members. Figure 12. UBC Controlled Funding to Refugee Students The left figure shows the total UBC Controlled Funding (UBC Operating Fund, Annual Donations and Endowed Awards) assistance given to refugee students from to, categorized by award type. The right figure shows number of refugee students receiving financial support out of students with refugee status from to. Nearly all refugee students received funding from UBC. Total Amount of UBC Controlled Funding for Refugee Students Number of Refugee Students Supported by UBC Controlled Funding Thousands $600 $500 $400 $300 $200 $100 $0 $106 $146 $156 $102 $129 $140 $407 $356 $524 $ Students Hybrid Merit-Based Need-Based Work Learn Number of Refugee Students Supported Total Number of Refugee Students After high school, at the moment I was about to give up dreaming [of getting post-secondary education] and settling for early child marriage, the World University of Canada -Student Refugee program (WUSC-SRP) presented me a second chance to dream again. While at UBC, I have received tremendous financial, academic, and social support from WUSC local committee, and WUSC support staff and faculty. In return, despite being a full-time student, I passionately got involved in student Peer Programs as a Sauder Orientation leader, Academic Success Coach, WUSC SRP ambassador among others. I feel empowered and I envision a world where everyone feels valuable. RHODA PHILIP UBC World University Services of Canada

37 34 STUDENTS WITH LIVED EXPERIENCE IN GOVERNMENT CARE In , UBC introduced the tuition waiver program to provide access to post-secondary education for eligible students with lived experience in government care (formerly Youth-In-Care) as defined by the Child, Family and Community Service Act. The waiver provides the full cost of tuition for a first undergraduate degree. Since program launch, UBC has helped 50 students across both campuses in this time (34 students at the Vancouver Campus and 16 students at the Okanagan Campus). In recognition of the urgent need to support this population, on September 1, 2017 the BC government also announced a Provincial Tuition Waiver Program for former youth in care to access free tuition across all 25 institutions in BC. The BC Government Tuition Waiver allowed UBC to administer the provincial funding to students who were eligible while still providing a tuition waiver to students who met the existing UBC criteria. Through the academic year, UBC was an active participant in various community and post-secondary forum s involving youth in care issues. UBC responded to community and student feedback about positive identities by renaming this program to more appropriately reflect the students who are supported by this program. For the academic year, 24 students were funded through the Provincial Tuition Waiver Program (14 students at the Vancouver Campus and 10 students at the Okanagan Campus). UBC funded tuitions for 14 more students (12 students at the Vancouver campus and 2 in the Okanagan) amounting to just under $65,000. Nine of these are continuing students, 4 transferred from another institution, and 2 entered directly from high school. Our students are studying across five programs at both the Vancouver and Okanagan Campuses. All students with lived experience in government care are supported at UBC through cross-unit partnerships as well as a student support network on the Vancouver Campus. Figure 13. UBC Controlled Funding to Students with Lived Experience In Government Care The figures show the financial assistance received by youth aging out of care and the number of students receiving financial support from UBC Controlled Funding (UBC Operating Fund, Annual Donations and Endowed Awards) from fiscal years to, categorized by award type. Thousands $300 $250 $200 $150 $100 Total Amount of UBC Controlled Funding to Students with Lived Experience In Goverment Care $50 $0 $117 $83 $157 $126 $256 $215 $174 $142 $30 $30 $38 $ Hybrid Merit-Based Need-Based Work Learn Students Total Number of Students Supported by UBC Controlled Funding to Students with Lived Experience In Goverment Care Total Number of Students Supported 38 This award has displaced an incredibly large financial burden from my shoulders and has dismissed unwanted financial stress. With this award, I have been better able to focus on my studies and my end-term goals from my university career. With fewer resources available to us students who qualify for this award, I can t help but be so thankful for having a program to help us achieve our dreams otherwise not possible. CORRINNA KARPENKO UBC Student With Lived Experience in Government Care

38 35 STUDENTS WITH DISABILITIES A comprehensive package of financial aid is available under StudentAid BC s Permanent Disability Programs to remove disability-related barriers and to facilitate access to post-secondary education. BC residents who are student-loan approved and have a permanent or chronic disability may be eligible for up to $3,800 in grants, additional financial support for services and equipment, and approved for 40% reduced course load. At UBC, 21 awards (scholarships and bursaries) valued up to $3,100 are available for students with disabilities under its AWARDS FOR STUDENTS WITH DISABILITIES PROGRAM. In addition, UBC administers the Assistance Program for Students with Permanent Disabilities (APSD) and the Learning Disability Assessment Bursary (LDAB) on behalf of the Ministry. APSD helps students with permanent disabilities cover the costs of exceptional educationrelated services and adaptive equipment. A student may receive up to $10,000 in APSD funding per fiscal year, and up to $12,000 if attendant care is required. LDAB helps students with the upfront costs of a learning assessment, and a student may receive up to $1,800 once in a lifetime. STUDENTS FROM LOW-INCOME AND MIDDLE-INCOME FAMILIES The Canada Student Grant for Full-Time Students (CSGFT) is available to domestic students from low- and middle-income families, who have applied for Canada Student Loans. It provides non-repayable financial assistance (up to $375 per month of study) to students who have assessed financial need, are from low- and middle-income families as defined by the Canada Student Loans Program, and are registered in undergraduate programs with a minimum duration of 60 weeks. In, 8,639 UBC undergraduate student 9 received CSGFT presenting 75% of total 11,561 UBC undergraduate students receiving financial assistance from Canada Student Loans Program. UBC provided $22.2 million to 4,768 (55%) students from low-income and middle-income families. Of the 8,639 students, 5,166 students, or 60%, were eligible for maximum CSGFT. Figure 14. UBC Controlled Funding to Students from Low-Income and Middle-Income Families The left figure shows the total UBC Controlled Funding (UBC Operating Fund, Annual Donations and Endowed Awards) assistance given to students from low-income and middle-income families. The right figure shows the number of students receiving maximum Canada Student Grants for Full-Time Students (CSGFT) out of total students receiving CSGFT, from to, categorized by award type. Millions $25 $20 $15 $10 Total Amount of UBC Controlled Funding for BC Students from Low-Income and Middle-Income Families $5 $0 $13 $14 $10 $12 $17 $16 $14 $14 $22 $19 $2 $2 $2 $2 $ Hybrid Merit-Based Need-Need Work Learn Students (Thousands) Number of Students Supported by UBC Controlled Funding for BC Students from Low-Income and Middle- Income Families Number of LIMI Students Supported Total Number of LIMI Students 9 Due to system limitation, only Canada Student Grant for Full-Time Students for BC and Alberta students are tracked.

39 36 STUDENT HOUSING SUPPLEMENT GRANT In an attempt to attract and support students from lowincome and middle-income families to live in residence in their first year at Vancouver campus, the STUDENT HOUSING SUPPLEMENT GRANT was introduced in to provide additional one-time funding to support meal plan cost without application. First-year students were targeted for this funding as first-year accommodation is dorm-style with no access to kitchens, and a meal plan is therefore mandatory. In, $3,300 was disbursed to 236 first-year, dependent undergraduate students who are Canadian citizens or permanent residents living in a UBCmanaged first-year residence at the Vancouver campus, and were in receipt of Canadian student loan and with minimum $35.29/week of Canada Student Grant for Full-Time Student Grant. STUDENT HOUSING ASSISTANCE GRANT The Student Housing Assistance Grant program was introduced to prospective domestic students who started in academic year. The grant was issued to students who wish to attend UBC Vancouver campus and participate in the residence experience but may otherwise be unable to do so without additional financial support. 20 one-time grants of up to $10,000 were offered to both high school and transfer students who demonstrated financial need, who were starting their first undergraduate degree at UBC Vancouver.

40 Section 7 EXPERIENTIAL LEARNING PROGRAMS 37

41 38 Financial Support to Enriched Educational Experiences In, the UBC TUUM EST EXPERIENTIAL AWARD PROGRAM was established at Vancouver campus to attract top students by providing financial support for students to participate in experiential learning opportunities. This award is in the spirit of UBC s motto, Tuum Est, which means: It s yours. It s up to you. The award funds students for student initiatives, including research, conferences and competitions. These experiences can help students tailor their degree to meet their personal and professional goals, and will mark their first steps in building their network and developing themselves as a well-rounded and highly employable graduates. One-time entrance awards valued at up to $3,500 are available for outstanding domestic students entering the university directly from secondary schools to support their engagement. Eligible students must demonstrate excellent academic ability, a strong UBC applicant personal profile, and a high level of engagement in the community and extracurricular activities. In, 156 students have received the Tuum Est Experiential Award. In comparison with a control group of comparable applicants (based upon admission average, personal profile score, and geographic distribution), Tuum Est Experiential Award recipients yielded at a rate of 10 percentage points higher. The program has attracted top talented undergraduate students to enroll at UBC. In fact, 8 Loran Scholars have decided to enroll at UBC, which is the largest number of Loran Scholars from 2015, and for the first time, UBC is the number one destination of Loran Scholars in Canada. International Learning Awards UBC students participating in international learning opportunities have access to a large range of UBC and external awards and scholarships. Most funding can be used for experiences at any UBC partner location, while some, such as U21 or Chongqing program funding, are tied to a specific activity or regional location. In, UBC provided over $1.4 million in scholarships and awards funding. $1.0 million was allocated in GPO-funded Go Global Awards to the majority of program participants, with values ranging from $1,000-$2,000. In addition, 138 students shared in over $347,000 available through nine externally funded scholarships. While the GO GLOBAL AWARD is merit-based, many of the donor-funded scholarships consider student financial need in the adjudication process. A key success this year was the completion of the three year, $220,000 commitment to the Chongqing Municipality agreement. Across two Global Seminars, an Undergraduate research Conference, and Community Field Experience placements, we have fulfilled our funding commitment and established the groundwork for future collaboration with the Chongqing partner network. Being a recipient of the Tuum Est Experiential Award has given me the freedom to expand my horizons at UBC. In particular, it has shaped my experience by prompting me to seek multiple ways to become involved in this welcoming community. In my first year, I am most excited about pursuing research and learning alongside talented and experienced individuals. Through my research position, I hope to gain insight on the different possibilities that may translate into my future. I am immensely and evermore thankful for the opportunities that this award has provided. INGRID MO UBC Tuum Est Experiential Award Recipient

42 39 Figure 15. UBC Controlled Funding to International Learning Programs, By Student Type The left figure shows the total UBC Controlled Funding (UBC Operating Fund, Annual Donations and Endowed Awards) assistance given to students undertaking international learning programs from to, categorized by student type. The right figure shows the total number of students received UBC Controlled Funding, by student type. The reduction in award expenditures and number of recipients is largely due to timing where the summer awards were assigned to the prior year winter session. Summer session awards are now assigned in the summer session beginning 2017 summer. Total Amount of UBC Controlled Funding to International Learning Programs Total Number of Students Supported by UBC Controlled Funding to International Learning Programs Thousands $2,500 $2,000 $1,500 $1,000 $500 $1,417 $1,261 $257 $190 $1,071 $1,160 $1,855 $532 $1,323 $1,614 $555 $1,059 $2,049 $585 $1,463 Students 1,600 1,400 1,200 1, , , , , ,068 $ Domestic International Domestic International UBC Go Global continues to review its awards program as part of a larger discussion about international learning programs at UBC. With the President s strategic planning process taking shape, and the ongoing work to develop a new International Strategic Plan, discussions are taking place about how to support all UBC students to have international learning experiences as part of their academic studies. Though Go Global has been able to fund students across all program areas thus far, this is largely due to a slowly diminishing carry-forward from previous years. Go Global anticipates that they will begin to operate in a funding deficit within two years, based on rapid growth across Global Seminars, Summer Study & Research, and new international initiatives, along with steady participation in Term based mobility. Work Learn Program The WORK LEARN PROGRAM funds on-campus work experiences that prioritize student learning and the development of transferrable professional skills. Students choose engagement in these experiences to extend their university learning and prepare for their careers. Typically, Work Learn students work up to 10 hours/week during the academic year or up to 20 hours/week in the summer terms. In the fiscal year, 30% of funds allocated to part-time Work Learn opportunities were directed toward experiences that included a research component, with 21.7% of these opportunities filled by international students. In a survey of work learn students from the summer of 2017, 90.2% of students sought out a Work Learn experience to gain to develop professional experience in a workplace. 97.1% reported that their experience will help them navigate the world of work, as well as apply academic learning in a professional work environment (88.6%). Work Learn experience helps students develop transferrable skills, including adaptability, communication and organizational skills. In addition to professional skills, 91% of participants reported that their Work Learn experience helped them reflect on, and refine their academic and/or career goals and 83.6% of participants reported that their Work Learn experience contributed to 27.5% gains in confidence in employability post-graduation and 28.3% gains in preparedness for career/professional work. In summer 2017, a pilot program was conducted to explore ways to support students from international pathways to successfully secure Work Learn experiences. This program was directed to all first and second year international students, as well as World University Service of Canada (WUSC) scholars. This pilot engaged 116 students in programming that consisted of a series of in-person workshops designed to support the development of their technical career

43 management skills (job search, cover letter and resume writing, interviewing), as well as set intentional goals for, and critically reflect on, their workplace experiences. Some key findings from this pilot were: Increased student confidence Increased connection to campus Increased skill development compared to nonpilot Work Learn participants. In response to strong student interest in undergraduate research experiences, a portion of the Work Learn funding envelope has been purposefully directed toward full-time summer research grants (90 full-time summer research placements). These grants are designed to assist faculty members to hire international student undergraduate research assistants and complement the funding available to domestic students through the Natural Sciences and Engineering Research Council of Canada (NSERC) in the form of Undergraduate Student Research Awards (USRA). In, there were 257 full-time summer research placements, inclusive of the two programs. Figure 16. UBC Operating Fund to Work Learn Program The left figure shows the total UBC Operating Fund assistance given to Work Learn Program students from to, categorized by student type. The right figure shows the total number of Work Learn Program students received assistance from to, categorized by student type. Thousands Total Amount of UBC Operating Fund to Work Learn Program $5,000 $4,500 $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 $4,013 $653 $3,360 $4,581 $732 $3,849 $3,882 $674 $3,208 $4,356 $4,426 $824 $867 $3,532 $3, Students Total Number of Students Supported by UBC Operating Fund to International Learning Programs 3,000 2,500 2,000 1,500 1, , , ,866 2,022 2, ,668 2, ,872 2, , Domestic International Domestic International

44 Section 8 GOVERNMENT FINANCIAL SUPPORT PROGRAMS 41

45 42 Canada Student Loans Program In, the federal government has reformed the Canada Student Loan Program by introducing a single progressive Canada Student Grant for Full-Time Student and a Fix Student Contribution Model. CANADA STUDENT GRANT FOR FULL-TIME STUDENT The Canada Student Grant for Full-Time Student has replaced both the Canada Student Grant for Low-Income Families and the Canada Student Grant for Middle- Income Families. Its eligibility is calculated on a sliding scale based on student s prior year total family income and family size, rather than discrete income cut-offs. A new income threshold is used to determine the amount of grant funding to be awarded, which means students whose total family income falls below the respective income threshold may still be eligible for partial grant. The maximum grant per month remains at $375 per month. As a result of the actions taken by the Government of Canada to make post-secondary education more affordable for students from low- and middle-income families, over 400,000 students are now receiving up to $3,000 in Canada Student Grants, including 46,000 who are newly eligible. Table 15. Previous Year s Total Family Income Thresholds for Determining Eligibility for Canada Student Grants for Full-Time Students for the Program Year The table shows the previous year s total family income thresholds for determining eligibility for Canada Student Grants for Full-Time Students, for , categorized by family size. Family Size Low-Income Threshold (Maximum Grant) High-Income Threshold (No Grant) 1 person $30,000 $61,513 2 persons $42,426 $86,031 3 persons $51,962 $102,638 4 persons $60,000 $112,817 5 persons $67,082 $122,229 6 persons $73,485 $131,177 7 persons or more $79,373 $138,897 FIXED STUDENT CONTRIBUTION MODEL Starting, student s study and pre-study period incomes along with other financial assets and resources are not considered as mandatory contributions. Based on the assessment of prior year total family income and family size, the new Fixed Student Contribution Model 10 calculates an amount a student (and their spouse, if applicable) may be expected to contribute towards the cost of the student s education. Except students who face barriers to employment 11 per StudentAid BC, students with prior year family income at or below the income threshold per family size will only be expected to contribute $1,500 for September to April loan period. Calculation of parental contributions for dependent students remains unchanged by taking greater of parental contribution from discretionary income and assets, voluntary or declared parental contribution. Under the new model, the federal government has simplified the student loan application and assessment processes by removing 1/3 of the questions currently asked on loan application, reducing application errors or change of students financial circumstances. Students also do not need to estimate earnings or savings for education; on the contrary, students will be able to work during study period to gain valuable job experience without worrying the impact on amount financial aid already received. 10 Refer to Table 21 Changes to Student Loans Program Financial Need Assessment 11 Indigenous students, students with permanent disabilities, students with dependent children, and current or former youth in care.

46 43 Figure 17. Canada Student Loans Program Funding (Repayable Loans) The left figure shows the total Canada Student Loans Program (Repayable Loans) assistance given from to, categorized by student type. The right figure the total number of students received Canada Student Loans Program (Repayable Loans) from to, categorized by student type. Total Amount of Canada Student Loans Program Funding (Repayable Loans) Number of Students Supported By Canada Student Loans Program Funding (Repayable Loans) $140 $120 $100 $111 $11 $118 $114 $113 $13 $13 $13 $122 $15 14,000 12,000 10,000 11,753 12,051 11,587 11, ,050 1,041 1,052 12,401 1,179 Millions $80 $60 $40 $99 $105 $101 $100 $107 Students 8,000 6,000 4,000 10,808 11,001 10,546 10,501 11,226 $20 2,000 $ Undergraduate Graduate Undergraduate Graduate Figure 18. Canada Student Loans Program Funding (Non-Repayable Grants) The left figure shows the total Canada Student Loans Program (Non-Repayable Grants) assistance given from to, categorized by student type. The right figure the total number of students received Canada Student Loans Program (Non-Repayable Grants) from to, categorized by student type Millions Total Amount of Canada Student Loans Program Funding (Non-Repayable Grants) $33 $35 $30 $25 $20 $15 $10 $5 $0 $18 $19 $18 $18 $18 $17 $24 $24 $ Students 12,000 10,000 8,000 6,000 4,000 2,000 Number of Students Supported by Canada Student Loans Program Funding (Non-Repayable Grants) 0 9,417 9,531 9,000 8,873 9,256 9,353 8,830 8,702 10,289 9, Undergraduate Graduate Undergraduate Graduate DEBT REPAYMENT Every year since 2013, UBC students have demonstrated a high repayment rate that exceeds the national threshold average. In 2016, UBC achieved a repayment rate of 96.2%, a slight drop from 96.3% in Table 16. Debt Repayment Trend The table shows the debt repayment trend, from to , categorized by cohort. Year Measured Cohort UBC Repayment Rate 94.8% 94.8% 96.3% 96.2% 96.0% National Threshold 85.2% 85.2% 85.2% 85.2% 85.2% Minimum Threshold 60.0% 60.0% 60.0% 60.0% 60.0%

47 44 US Federal Direct Loan Program US Department of Education has announced staring from early 2018, the Next Generation (Next Gen) Financial Services Environment will modernize the technology and operational component that supports the federal student aid programs. Students, parents and borrowers will see meaningful improvement in the customer experience in early 2018 with significant technology and operating infrastructure changes throughout Specifically, in Spring 2018, Federal Student Aid will launch mobile platform allowing students and parents to complete and submit the Free Application for Federal Student Aid (FAFSA) form via mobile device. Figure 19. US Federal Direct Loan Program Funding The left figure shows the financial assistance students received from the US Federal Direct Loan Program from to, categorized by student type. The right figure shows the number of students receiving financial support from to, categorized by student type. Total Amount of US Willian D. Ford Federal Direct Loan Program Funding Number of Students Supported By US Willian D. Ford Federal Direct Loan Program Funding Thousands $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 $7,634 $6,262 $6,516 $5,845 $5,618 $2,911 $2,206 $2,755 $2,473 $2,105 $4,310 $4,723 $3,507 $3,372 $3, Students Undergraduate Graduate Undergraduate Graduate 12 Department of Education Announces New Vision for Delivery of Federal Student Aid <

48 Section 9 OTHER KEY INITIATIVES 45