This Notable Numbers is intended to provide some sort of benchmark for the crisis we are facing today. As you run scenarios with your own data, I hope these can lend some context.
The school year is denoted by the year in which the school year ends, so 2008 represents the school year 2007-2008. The data below are for 73 PK-12 INDEX Schools.
Average % Change in Need-Based Financial Aid Recipients
7% – The increase from 2008 to 2009
21% – The increase from 2009 to 2010
Average % Change in Need-Based Financial Aid Dollars Awarded
12% – The increase from 2008 to 2009
21% – The increase from 2009 to 2010
Average % Change in Applications
-8% – The decrease from 2008 to 2009
-1% – The decrease from 2009 to 2010
Average % Change in Yield
-7% – The decrease from 2008 to 2009
3% – The increase from 2009 to 2010
Average % Change in Attrition
10% – The increase from 2007 to 2008
11% – The increase from 2008 to 2009
Average % Change in Enrollment
0% – The change from 2008 to 2009
-1% – The decrease from 2009 to 2010
Average % Change in Size of Parent Annual Gift
-2% – The decrease from 2008 to 2009
-2% – The decrease from 2009 to 2010
Average % Change in Parent Participation in Annual Giving
-1% – The decrease from 2008 to 2009
-3% – The decrease from 2009 to 2010
Average % Change in Endowment per Student
-3% – The decrease from 2007 to 2008
-17% – The decrease from 2008 to 2009