parent survey – may 2012 senior survey - 2012 confidential - not for distribution

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Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

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Page 1: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

Parent Survey – May 2012

Senior Survey - 2012

Page 2: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

Parent Survey• May 8 through June 28, 2012• All parents of current students invited, requested

one survey for each student• If more than one student enrolled requested that

parents complete survey for older child• Response Rate: 45.3% (2551/5632)• Respondent sample representative of students of

invited parents• 40% of respondents reported that their children

received grant aid from Brown

Page 3: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

Senior Survey• March 15 through April 12, 2012• Biennual survey of graduating seniors (even

years)• 2012 Response Rate: 69% (1029/1483)• 51.3% of respondents reported that they had

received “any“ financial aid while an undergraduate at Brown.

Page 4: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

LT $50K $50-99.99K $100-149.99K $150 to 199.99K GE $200K1

1.5

2

2.5

3

3.5

4

4.5

5

It has been very difficult for us to pay for my child's college education

5 point scale (1=disagree strongly, 2=disagree somewhat, 3=neither agree nor disagree, 4=agree somewhat, 5=agree

strongly)

Peer 1 Peer 2 Peer 3 Peer 4 Brown

Parental self reported income from all sources, 2011

Mean p

are

nta

l agre

em

ent

rati

ng

Page 5: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

LT $50K $50-99.99K $100-149.99K $150 to 199.99K GE $200K1

1.5

2

2.5

3

3.5

4

4.5

5

I am worried that my child will graduate with too much debt

Mean parental rating of agreement, Brown and peers5 point scale (1=disagree strongly, 2=disagree somewhat, 3=neither agree nor disagree, 4=agree somewhat, 5=agree

strongly)

Peer 1 Peer 2 Peer 3 Peer 4 Brown

Parental self-reported family income from all sources 2011

Mean p

are

nta

l agre

em

ent

rati

ng

Page 6: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

LT $50K

$50 to 99K

$100 to 149K

$150 to 199K

GE $200K

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

6.2%

17.5%

13.6%

7.6%

2.1%

14.3%

17.5%

18.2%

18.5%

4.0%

34.2%

35.0%

30.7%

26.9%

16.2%

45.3%

30.0%

37.5%

47.1%

77.7%

I will be seriously burdened by loan payments when I graduate 2012 Senior Survey

Strongly Agree Agree Disagree Strongly Disagree

Self

report

ed t

ota

l befo

re

tax f

am

ily

incom

e

Page 7: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

Will your parents or family help you pay off the loans you have personally taken to pay for undergraduate education (tuition, fees, room and board)?

2012 Senior Survey

LT $50K $50 to 99K $100 to 149K $150 to 199K GE $200K0

10

20

30

40

50

60

70

80

YesNoN/A

Self-reported total family before tax income

Page 8: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

LT $50K

$50-99.99K

$100-149.99K

$150 to 199.99K

GE $200K

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

29.8

15.3

7.1

12.3

37.8

30.9

32.9

29.3

33.6

37.2

32.6

40.5

48.2

41.4

21.6

6.6

11.3

15.4

12.7

3.3

What has been the impact on your family of paying for your child to attend Brown?

Parental response by self-reported 2011 family income, Parent Survey

None/slight/NAmoderate considerablesevere

Page 9: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

LT $50K

$50 to 99K

$100 to 149K

$150 to 199K

GE $200K

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

27.6%

6.6%

8.6%

9.3%

38.0%

34.1%

28.3%

28.7%

34.7%

34.7%

26.8%

51.3%

51.1%

39.8%

20.9%

11.4%

13.8%

11.5%

16.1%

6.4%

What has been the impact on your family of paying for your education (tuition, fees, room and board), 2012

Senior Survey

None/SlightModerateConsiderableSevere

Self

-report

ed t

ota

l fa

mil

y b

efo

re t

ax i

ncom

e

Page 10: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

LT $50K

$50-99.99K

$100-149.99K

$150 to 199.99K

GE $200K

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2.2

2

3.7

3.4

2

3.4

6.9

5.9

7.9

5.2

24.2

18.2

25

25.2

21.3

24.7

32.7

39

33.5

31.1

45.5

40.2

26.5

30.1

40.4

The benefits of attending Brown will outweigh the financial sacri-fices that our family has had to make

Parental response by self-reported 2011 family income

Disagree stronglyDisagree somewhatNeither agree nor diagreeAgree somewhatAgree strongly

Page 11: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

LT $50K

$50-99.99K

$100-149.99K

$150 to 199.99K

GE $200K

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

81.2

77.8

68.5

67.2

82.4

14.4

19.6

27.4

28.4

15.7

4.4

2.6

4.2

4.5

1.9

Has your child's experience at Brown been worth the impact on your family's finances?

Parental response by self-reported 2011 family income

YesSomewhatNo

Page 12: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

How do you pay for educational expenses? Family Assets

Savings Real Assets 529 Plan Pre-paid tuition Retirement Withdrawal

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

63.8

3.6

19.1

5.6

14.1

73.4

4.9

30.0

7.76.3

Used-Aided

Used-not aided

% u

sing f

or

som

e p

art

of

expense

s

Page 13: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

How do you pay for educational expenses? Parent borrowing

Mortgage PLUS loans Private Loans Loan from relative Retirement borrowing

Other borrowing0.0

5.0

10.0

15.0

20.0

25.0

30.0

13.8

25.2

6.4

15.1

6.9

10.610.1

6.4

2.43.4 3.0

4.6

Used-Aided

Used-not aided

% r

eport

ing u

sing

to p

ay f

or

coll

ege e

xpense

s th

is y

ear

Page 14: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

How do you pay for educational expenses? Current parent income, and gifts from

relatives

Regular Income Second job Employee benefits Gifts from relatives0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

81.2

19.7

10.1

23.2

78.7

8.65.3

22.9

Used-Aided

Used-not aided

% r

eport

ing u

sin

g

to p

ay

for

coll

ege e

xpen

ses

this

year

Page 15: Parent Survey – May 2012 Senior Survey - 2012 Confidential - Not for distribution

Confidential - Not for distribution

How do you pay for educational expenses? Student

contributions

0.0

10.0

20.0

30.0

40.0

50.0

60.0

46.4

55.6

41.3

9.5

1.8

18.5

34.5

9.8 10.0

0.5

Used-Aided

Used-not aided

% r

eport

ing u

sin

g

to p

ay f

or

coll

ege e

xpen

ses t

his

year