Free Scholarship and Financial Aid University Budget Template
Scholarship and Financial Aid University Budget
Start Date: January 1, 2065
Institution: [University Name]
Academic Year: 2065-2066
Prepared By: [Your Name]
1. Scholarship and Financial Aid Budget Overview
|
Category |
Budgeted Amount |
Actual Disbursement |
Variance |
Notes |
|---|---|---|---|---|
|
Merit-Based Scholarships |
$2,500,000 |
$2,450,000 |
-$50,000 |
Slight reduction in award amounts |
|
Need-Based Scholarships |
$1,200,000 |
$1,175,000 |
-$25,000 |
Fewer applications this year |
|
Departmental Scholarships |
$850,000 |
$875,000 |
+$25,000 |
Additional departmental funds awarded |
|
External Grants and Scholarships |
$500,000 |
$525,000 |
+$25,000 |
Additional external funding secured |
|
Student Loan Assistance |
$4,000,000 |
$3,900,000 |
-$100,000 |
Slight decrease due to lower loan demand |
|
Federal Work-Study Program |
$300,000 |
$290,000 |
-$10,000 |
Reduced hours due to staffing constraints |
2. Detailed Allocation by Department
|
Department/Program |
Allocated Amount |
Funds Used |
Remaining Funds |
Notes |
|---|---|---|---|---|
|
Engineering |
$800,000 |
$770,000 |
$30,000 |
Increased demand for scholarships |
|
Business Administration |
$600,000 |
$595,000 |
$5,000 |
Slightly over budget, adjustments needed |
|
Arts and Humanities |
$500,000 |
$485,000 |
$15,000 |
Under budget, funds to be reallocated |
|
Health Sciences |
$600,000 |
$580,000 |
$20,000 |
Additional funding is required for new programs |
|
Social Sciences |
$300,000 |
$290,000 |
$10,000 |
The remaining funds to be reallocated to other areas |
3. Financial Aid and Scholarship Distribution by Student Demographic
|
Demographic Group |
Total Awarded |
Number of Students |
Average Award |
Notes |
|---|---|---|---|---|
|
Undergraduate Students |
$6,000,000 |
1,200 |
$5,000 |
Majority of financial aid recipients |
|
Graduate Students |
$2,000,000 |
350 |
$5,714 |
Increased number of graduate applicants |
|
International Students |
$500,000 |
50 |
$10,000 |
Higher awards due to increased international applications |
|
Low-Income Students |
$1,500,000 |
450 |
$3,333 |
Targeted funding for students from low-income backgrounds |
4. Financial Aid Disbursement Schedule (2065)
|
Date |
Type of Aid |
Amount Disbursed |
Notes |
|---|---|---|---|
|
January 15, 2065 |
Merit-Based Scholarships |
$600,000 |
First round of merit scholarships |
|
February 1, 2065 |
Need-Based Scholarships |
$400,000 |
First round of need-based awards |
|
March 10, 2065 |
Departmental Scholarships |
$250,000 |
Awarded based on departmental needs |
|
April 20, 2065 |
Federal Work-Study Program |
$100,000 |
Work-study funds disbursed to eligible students |
|
June 5, 2065 |
External Scholarships/Grants |
$500,000 |
External funding disbursed |
|
August 1, 2065 |
Loan Assistance |
$1,000,000 |
Initial loan distribution |
5. Notes and Recommendations for 2065-2066 Academic Year
-
Increase in Merit-Based Aid: Due to increased competition, merit-based scholarships should be increased by 5% for the next academic year to attract top talent.
-
Focus on Graduate Programs: More funds should be allocated to graduate programs, especially in high-demand fields like Health Sciences and Business Administration.
-
Low-Income Student Support: Additional financial support is recommended for low-income students to cover rising living expenses and tuition increases.
-
Reallocation of Unused Funds: Any unused departmental scholarship funds should be reassigned to high-need areas such as Engineering and Health Sciences.
