DIY History | Transcribe | Campus Culture | University of Iowa Committee on Human Rights policies, 1958-1986 | 1968-11-15 University Human Rights Committee to President Howard Bowen Page 13

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University of Iowa Committee on Human Rights policies, 1958-1986

1968-11-15 University Human Rights Committee to President Howard Bowen Page 13

-13-

E. Special Financial Assistance
As the earlier quotation describing successful "high risk" programs indicated, it is, of course, clear that any such recruiting program would have to be backed by substantial financial assistance to the students, up to the full costs of education in those cases where the family is unable to provide any assistance. In the first year of the proposed program we might recruit 75 students (25 from the Iowa region and 50 from the metropoitan areas), of whom perhaps 15 would be residents and 60 (including those from Omaha and Illinois Quad Cities) would be non-residents. On this assumption, we might guess that the costs for the first year would be as follows:

Costs: 15 residents at $1,800 = $27,000
60 non residents at $2,400 = $144,000
$171,000

Finds OEO15 = $30,000
Family 16 - 30.000
Summer Employment 17 = 22,500
NDEA or equivalent loan 18 = 55,000
Need= 33,000
$171,000

Tuition income to the University would be $65,550, compared to the "Need" of $51,000
   When the program would become fully effective, in perhaps half a dozen years, the cost would be as follows (assuming approximately a 20% attrition rate at the end of the first year, which compares with a 25% rate

15. This assumes $400 per student. The maximum grant is $800 per student, but many students would not be eligible for the full amount. 
16. This assumes $400 per student. If this is too high it will be partially offset by an increase in OEO awards. 
17. This assumes $300 per summer. If the student must go to summer school he will, of course, be unable to save this much 
18. At $750 per student.

Saving...

-13- E. Special Financial Assistance As the earlier quotation describing successful "high risk" programs indicated, it is, of course, clear that any such recruiting program would have to be backed by substantial financial assistance to the students, up to the full costs of education in those cases where the family is unable to provide any assistance. In the first year of the proposed program we might recruit 75 students (25 from the Iowa region and 50 from the metropoitan areas), of whom perhaps 15 would be residents and 60 (including those from Omaha and Illinois Quad Cities) would be non-residents. On this assumption, we might guess that the costs for the first year would be as follows: Costs: 15 residents at $1,800 = $27,000 60 non residents at $2,400 = $144,000 $171,000 Finds OEO15 = $30,000 Family 16 - 30.000 Summer Employment 17 = 22,500 NDEA or equivalent loan 18 = 55,000 Need= 33,000 $171,000 Tuition income to the University would be $65,550, compared to the "Need" of $51,000 When the program would become fully effective, in perhaps half a dozen years, the cost would be as follows (assuming approximately a 20% attrition rate at the end of the first year, which compares with a 25% rate 15. This assumes $400 per student. The maximum grant is $800 per student, but many students would not be eligible for the full amount. 16. This assumes $400 per student. If this is too high it will be partially offset by an increase in OEO awards. 17. This assumes $300 per summer. If the student must go to summer school he will, of course, be unable to save this much 18. At $750 per student.