Oregon Opportunity Grant Modeling

1
Oregon Opportunity Grant Modeling

• Access Affordability Working Group
• June 6, 2006

2
OOG Award Estimation

• Student Budget
• Student Effort
• Family Contribution
• Pell Grant
• Federal tuition tax credits
• OOG Award

• Estimates are broken out by income levels.
• Maximum award is limited to tuition fees.

3
OOG Award Estimation

• Student Budget
• Student Effort
• Family Contribution (FC)
• Pell Grant
• Federal tuition tax credits
• OOG Award

4
Components of OOG Award Estimation Student
Effort

• 4,750 is the expectation for students attending
  a public two-year college.
• Roughly 14 hrs/wk for 50 weeks 90
• (using Oregon minimum wage 7.50)
• - OR -
• 10 hrs/wk for 30 wks during academic year
• 40 hrs/wk for 10 wks during summers
• Oregon minimum wage 90
• - OR -
• Some combination of work, borrowing, savings,
  or institutional and private scholarships
• 7,500 is the expectation for students attending
  a public four-year institution.
• 4,750 2,750 borrowing
• (2,750 4 years 11,000 debt)