Helping Outstanding Pupils Educationally (HOPE) : requested information on the income demographics of HOPE recipients

Special Examination 11-01B

March 2011

Why we did this review
This review was conducted at the request of the Senate Appropriations Committee. The Committee asked that we determine the demographics for HOPE Scholarship and Grant recipients, with a focus on family income levels. The data contained in this report was provided to the requestor in January 2011 to help inform policy decisions to be considered during the 2011 legislative session. This report is intended to provide contextual information about the program along with the previously released data.
Income demographics of PreKindergarten participants are included in a separate report, 11-01A, released in March 2011.
Who we are
The Performance Audit Operations Division was established in 1971 to conduct in-depth reviews of state programs. The purpose of these reviews is to determine if programs are meeting their goals and objectives; provide measurements of program results and effectiveness; identify other means of meeting goals; evaluate the efficiency of resource allocation; and assess compliance with laws and regulations.
Website: www.audits.ga.gov Phone: 404-657-5220 Fax: 404-656-7535

Helping Outstanding Pupils Educationally (HOPE)
Requested Information on the Income Demographics of HOPE Recipients
What we found
The HOPE Scholarship and Grant Program is administered by the Georgia Student Finance Commission (GSFC). Funded entirely by lottery revenues, HOPE consists of the HOPE Scholarship (Public and Private), HOPE Grant, and HOPE GED Grant as well as several other add-on programs. Depending on the type of award, HOPE will pay up to the full cost of tuition and a portion of student fees and books. Currently, there are no financial need requirements to receive an award. However, scholarship recipients must have a minimum 3.0 grade point average to receive an award. In fiscal year 2010, approximately 250,000 students received HOPE awards totaling more than $600 million.
Our review found that 68% of HOPE families had an adjusted gross income of $60,000 or less and 32% had incomes exceeding that amount. Families of HOPE recipients are slightly better off than the general population. Approximately 76% of all Georgia taxpayers reported an adjusted gross income of $60,000 or less on their 2009 federal tax returns, while 24% reported higher amounts.
Family income of HOPE recipients varied by the type of institution attended, county of residence, student grade level, award type, and award amount. For example, 41% of HOPE recipients at regional universities and 77% at private proprietary institutions had family incomes of $60,000 or less, while 16% of recipients at research institutions had family incomes of $60,000 or less.

HOPE Recipient Income Demographics

i

Table of Contents

Purpose of the Special Examination

1

Background

1

Scholarship and Grant Programs

1

HOPE Eligibility Requirements

3

Financial Information

5

Requested Information

7

For the HOPE Program, with a focus on family income levels, what are the

demographics of the recipients?

7

Appendices

Appendix A: Objectives, Scope, and Methodology

21

Appendix B: Average Annual Cost of Attendance and HOPE Awards

23

Appendix C: Significant Dates in the History of HOPE

24

HOPE Recipient Income Demographics

ii

HOPE Recipient Income Demographics

1

Purpose of the Special Examination
The purpose of this review was to answer questions posed by the Senate Appropriations Committee. In its request, the Committee asked that we determine the demographics of HOPE Scholarship and Grant recipients and participants in the Pre-Kindergarten Program, with a focus on family income levels. This report includes requested information on the demographics of HOPE Scholarship and Grant recipients. The data was provided to the requestor in January 2011 to facilitate the analysis of various policy and funding alternatives for the program during the 2011 legislative session. This report is intended to provide contextual information about the program along with the previously released data. Income demographics of PreKindergarten participants are included in a separate report, 11-01A, released in March 2011.
A description of the objectives, scope, and methodology used in this review is included in Appendix A on page 21. A draft of the report was provided to the Georgia Student Finance Commission for its review. In its written response, GSFC indicated that it does not have any major disagreements with the report.
Background
The Helping Outstanding Pupils Educationally (HOPE) Program was established in 1993 by Governor Zell Miller to enable Georgia citizens an opportunity to further their education. HOPE provides financial assistance in the form of scholarships and grants to Georgia residents attending in-state colleges and universities. According to a 2003 report of the HOPE Scholarship Joint Study Commission, the scholarship and grant awards are intended to: provide high school students an incentive to achieve academic success; improve college participation and retention rates; and provide opportunities for Georgians to receive technical training needed for employment. In fiscal year 1994, the program provided full tuition coverage for over 42,000 students at a cost of $21.4 million. Appendix B illustrates the impact of the scholarship and grant awards on the total cost of attending the state's colleges and universities for the 2009-2010 academic year. Since 1994, a total of $5.3 billion in scholarships and grants have been awarded to more than 1.2 million students.
HOPE is funded entirely by lottery proceeds and is administered by the Georgia Student Finance Commission (GSFC), which is comprised of the Commission and its companion student finance entities the Georgia Student Finance Authority (GSFA) and the Georgia Higher Education Assistance Corporation (GHEAC). Although statutorily created in Georgia law as separate entities, these three agencies operate as a single organization.
Scholarship and Grant Programs
Since 1994, HOPE has undergone numerous changes, most of which have expanded the program. (See Appendix C for a chronology of significant dates in the program's history including changes that expanded and reduced program eligibility and benefits.) Currently, HOPE consists of four programs with broad eligibility

HOPE Recipient Income Demographics

2

requirements and several other add-on programs with limited eligibility.1 Although HOPE was initially needs-based, none of the programs currently have financial need requirements to receive an award. The four primary scholarship and grant programs are discussed below. Exhibit 1 shows the number of recipients for each grant and scholarship type.

Exhibit 1 HOPE Recipients by Award and Institution Type
Fiscal Year 2010

160,000 140,000 120,000 100,000
80,000 60,000 40,000 20,000
0

88,833

137,647

5,500 1,049
University System of Georgia

7,372

4,273

14,953 367

Technical College System of Georgia

Private Colleges

Source: GSFC data

Scholarship Grant GED

Scholarship Programs. Georgia high school graduates with a grade point average of 3.0 or higher in core-curriculum classes are eligible to receive a public or private scholarship to attend an in-state college or university.
Public Scholarship. Students seeking a college degree from a University System of Georgia (USG) or Technical College System of Georgia (TCSG) institution may receive scholarship funds covering the full cost of tuition, certain HOPEapproved mandatory fees2, and a book allowance of up to $300 per year.
Private Scholarship. Students seeking a degree from an eligible in-state private college or university may receive scholarship funds of up to $4,000 per year for full-time enrollment. (The maximum private scholarship amount was raised from $3,500 to $4,000 annually effective July 1, 2010.)
1 Add-on programs such as the scholarship programs for teachers and engineers, Georgia Military Scholarship, Public Safety Memorial Grant, and ACCEL are also fully-funded by lottery revenues. However, some of these programs have been suspended due to lottery spending on HOPE scholarships and grants and Pre-K. 2 HOPE payments for mandatory student fees are capped at the amount allowed for the 20032004 award year.

HOPE Recipient Income Demographics

3

Grant Programs. Unlike the scholarship programs, students are not required to graduate from high school with a specific grade point average or maintain a specific postsecondary grade point average in order to be eligible for the HOPE Grant. There are also no academic requirements to attain the HOPE GED Grant.
HOPE Grant. Students seeking a technical certificate or diploma from a TCSG or USG institution may receive HOPE Grant funds covering the full cost of tuition, certain HOPE-approved mandatory fees, and a book allowance of up to $300 per year.
HOPE GED Grant. Students who earn a General Education Development (GED) high school equivalency diploma, granted by the TCSG may receive a one-time award of $500 toward their postsecondary educational costs. Eligible students must be 1) seeking a technical certificate or diploma or an undergraduate degree from a TCSG or USG institution, or 2) seeking an undergraduate degree from an eligible in-state private college or university to receive an award.

HOPE Eligibility Requirements
Requirements to receive HOPE scholarship and grant awards have undergone numerous changes since the program's inception. HOPE scholarships were initially awarded to students whose family income did not exceed $66,000 and a year later, the family income cap was raised to $100,000. The income requirement was eventually removed and the scholarship and grant programs are now available to students from all income categories.
As eligibility criteria have expanded, the number of HOPE recipients has also increased. Exhibit 2 on the next page shows significant legislative and regulatory changes to HOPE over time as compared to the number of HOPE recipients. Since inception, the annual number of recipients has increased more than 400% (from 42,755 to 247,865). It should be noted that the program has seen a 22% increase in annual recipients in the past three fiscal years (from 202,392 in 2008 to 247,865 in 2010). GSFC officials attribute the increase in scholarships and grant recipients to enrollment increases at TCSG institutions due to the economic recession.

HOPE Recipient Income Demographics

4

HOPE Recipients

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Students who receive HOPE awards are monitored to ensure they maintain eligibility for their awards. GSFC performs checks at designated intervals (generally upon completion of a grade level) to ensure recipients have met the minimum 3.0 GPA requirement to continue receiving a HOPE scholarship award. HOPE Grant recipients do not have merit requirements for continuation but are required to maintain satisfactory academic progress, as certified by their institution. Exhibit 3 on the next page summarizes the merit requirements and the maximum number of hours that HOPE will pay for each grant or scholarship type.3
3 Remedial and non-core courses taken within these paid-hour limits would be paid by HOPE.

HOPE Recipient Income Demographics

5

Exhibit 3

Merit Requirements for Award Continuation

Scholarship/Grant

GPA

Paid- Hours Limitation

HOPE Scholarship-Public

3.0

190 quarter or 127 semester

HOPE Scholarship-Private HOPE Grant

3.0 satisfactory academic progress

190 quarter or 127 semester 95 quarter or 63 semester (1)

HOPE GED Grant

none

none

(1) Exception for students enrolled in a USG or TCSG program requiring more than 95 quarter hours or 63 semester hours for completion. These students may receive up to a maximum of 130 quarter or 86 semester paid-hours.

Source: GSFC Regulations

The HOPE program offers students multiple opportunities to gain or regain eligibility for its scholarship awards. For example, students who earn less than a 3.0 GPA at the end of their freshman year will lose the scholarship for their sophomore year; however, if the students attain a 3.0 at the end of their sophomore year, they would be eligible for a HOPE scholarship during their junior year. Similarly, students with a high school GPA of less than 3.0 would not be eligible to receive the scholarship at college entrance, but those who attain a 3.0 at the end of their freshman or sophomore year become eligible for the scholarship at the next grade level.

Financial Information
In fiscal year 2010, HOPE awarded more than $600 million in scholarships and grants to approximately 250,000 students. HOPE scholarship awards accounted for 68% ($454 million) of the total amount awarded. Students who received an award through one of HOPE's add-on programs accounted for an additional 3% ($18 million) of total expenditures. As shown in Exhibit 4, fiscal year 2010 expenditures on HOPE's core scholarship and grant programs were nearly 30 times the amount expended in 1994.

HOPE Recipient Income Demographics

6

While the increase in HOPE expenditures is largely driven by the increase in scholarship and grant recipients, tuition and fee increases have also played a significant role in rising HOPE costs (although fees play a lesser role since being capped at 2004 levels). Currently, the value of the public scholarship and grant awards are tied to the cost of tuition; as tuition rises, so does the cost of the program. For example, average tuition and fees at USG institutions have increased 84% since 2004 (from $2,470 to $4,556 per year). During the same period, average HOPE awards increased 55% (from $2,753 to $4,260 per year). It should be noted that no major changes occurred in HOPE during this period to cause significant increases in the number of recipients.

HOPE Recipient Income Demographics

7

Requested Information
For the HOPE Program, with a focus on family income levels, what are the demographics of the recipients?
Income Demographics of HOPE Scholarship and Grant Recipients
Exhibit 5 shows the distribution of families of HOPE recipients by size of adjusted gross income. As shown in the exhibit, 68% of families of the recipients had an adjusted gross income of $60,000 or less and 32% had incomes exceeding that amount.

Exhibit 5 Household Income of HOPE Recipients, Statewide
Fiscal Year 2010

Federal Adjusted

HOPE Recipients1

Gross Income

Number Percent Cumulative %

$0 or Less $1 - $20,000 $20,001 - $40,000 $40,001 - $60,000 $60,001 - $80,000 $80,001 - $100,000 $100,001 - $120,000 $120,001 - $140,000 $140,001 - $160,000 $160,001 - $180,000 $180,001 - $200,000 $200,001 or Greater Total Number of Students

767 78,021 48,745 26,077 19,418 14,981 11,083
7,808 5,184 3,420 2,266 7,870 225,640

0.3% 34.6% 21.6% 11.6% 8.6% 6.6% 4.9% 3.5% 2.3% 1.5% 1.0% 3.5% 100.0%

0.3% 34.9% 56.5% 68.1% 76.7% 83.3% 88.2% 91.7% 94.0% 95.5% 96.5% 100.0%

1 Figures reported are the number of students appearing on less than four federal tax returns as dependents and/or primary or secondary taxpayers.

Source: Georgia Department of Revenue

HOPE Recipient Income Demographics

8

In comparison, Exhibit 6 shows the distribution of all Georgia taxpayers by size of adjusted gross income. Families of HOPE recipients are slightly better off than the general population. Approximately 76% of Georgia taxpayers reported an adjusted gross income of $60,000 or less on their 2009 federal tax returns, while 24% reported higher amounts.

Exhibit 6

Georgia Taxpayers by Size of Adjusted Gross Income

Tax Year 2009

Federal Adjusted

Federal Returns

Gross Income

Number Percent Cumulative %

$0 or Less

102,805

2.4%

2.4%

$1 - $20,000

1,567,205 37.1%

39.5%

$20,001 - $40,000

1,001,542 23.7%

63.2%

$40,001 - $60,000

530,706 12.6%

75.8%

$60,001 - $80,000

337,165

8.0%

83.7%

$80,001 - $100,000

225,384

5.3%

89.1%

$100,001 - $120,000

144,645

3.4%

92.5%

$120,001 - $140,000

89,502

2.1%

94.6%

$140,001 - $160,000

57,969

1.4%

96.0%

$160,001 - $180,000

38,759

0.9%

96.9%

$180,001 - $200,000

26,331

0.6%

97.5%

$200,001 or Greater

104,360

2.5%

100.0%

Total Number of Returns 4,226,373 100.0%

Source: Georgia Department of Revenue

HOPE Recipient Income Demographics

Exhibit 7 shows the number of HOPE recipients whose household income falls within specified ranges categorized by their permanent county of residence. For example, of the 5,750 recipients whose county of residence was Chatham County in 2010, 41% (2,335) had household incomes of $1 to $20,000 based on 2009 tax year returns. A tilde (~) denotes values less than 10. These figures are not shown to avoid disclosure of information about specific taxpayers.

County Appling Atkinson Bacon Baker Baldwin Banks Barrow Bartow Ben Hill Berrien Bibb Bleckley Brantley Brooks Bryan Bulloch Burke Butts Calhoun Camden Candler Carroll Catoosa Charlton Chatham Chattahoochee Chattooga Cherokee Clarke Clay Clayton Clinch Cobb Coffee Colquitt Columbia Cook Coweta Crawford Crisp Dade Dawson Decatur DeKalb Dodge

$0 or Less ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 29 1% ~ ~ ~ ~ 10 0.4% ~ ~ ~ ~ ~ 14 0.4% ~ ~ 32 1% ~ ~ 12 0.3% 17 1% ~ 12 0.3% ~ 42 0% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 54 1% ~

$1 to $20,000 206 41% 169 52% 148 47% 22 50% 662 41% 105 34% 499 29% 660 28% 354 48% 341 46%
2,543 47% 151 34% 143 44% 226 52% 260 29% 976 42% 320 58% 246 38% 94 54% 156 22% 111 40%
1,252 35% 325 27% 91 44%
2,335 41% 30 50%
314 39% 1,032 23% 1,222 38%
48 76% 1,619 39%
78 45% 4,132 26%
745 46% 898 47% 339 19% 337 49% 793 26% 108 48% 489 56%
96 37% 172 25% 741 54% 2,998 34% 237 42%

$20,001 to $40,000 116 23% 86 26% 73 23% 22 50% 419 26% 86 28% 418 24% 517 22% 212 29% 206 28% 1,269 23% 114 26% 79 24% 125 29% 156 18% 481 21% 123 22% 162 25% 49 28% 139 20% 84 31% 741 21% 264 22% 59 28% 1,309 23% 19 32% 247 30% 686 16% 607 19% 15 24% 1,215 29% 44 26% 2,740 18% 441 27% 470 25% 224 12% 172 25% 559 18% 62 27% 218 25% 53 20% 161 23% 332 24% 2,165 24% 166 29%

$40,001 to $60,000 60 12% 40 12% 37 12% ~ 153 10% 42 14% 278 16% 329 14% 76 10% 89 12% 453 8% 63 14% 36 11% 40 9% 100 11% 233 10% 50 9% 81 13% 20 12% 91 13% 43 16% 519 14% 194 16% 25 12% 572 10% 11 18% 120 15% 501 11% 293 9% ~ 582 14% 22 13% 1,584 10% 160 10% 210 11% 189 10% 80 12% 406 13% 24 11% 70 8% 48 18% 119 17% 111 8% 1,057 12% 66 12%

Exhibit 7 Household Income of HOPE Recipients By County
Fiscal Year 2010 Federal Adjusted Gross Income

$60,001 to $80,000 47 9% 17 5% 32 10% ~ 93 6% 38 12% 193 11% 292 12% 36 5% 40 5% 286 5% 26 6% 39 12% 27 6% 72 8% 189 8% 18 3% 69 11% 10 6% 95 14% 18 7% 370 10% 144 12% 22 11% 427 7% ~ 68 8% 493 11% 217 7% ~ 330 8% 14 8% 1,360 9% 99 6% 124 7% 195 11% 45 7% 348 11% 18 8% 49 6% 36 14% 72 10% 75 6% 618 7% 38 7%

$80,001 to $100,000
30 6% 14 4% 15 5% ~ 84 5% 21 7% 140 8% 212 9% 30 4% 36 5% 256 5% 45 10% 26 8% 15 3% 84 9% 147 6% 22 4% 38 6% ~ 84 12% 19 7% 242 7% 108 9% 12 6% 331 6% ~ 37 5% 442 10% 194 6% ~ 192 5% 14 8% 1,260 8% 67 4% 80 4% 195 11% 32 5% 314 10% 15 7% 34 4% 17 6% 62 9% 53 4% 468 5% 21 4%

$100,001 to $120,000 26 5% ~ 10 3% ~ 58 4% 14 5% 74 4% 150 6% 19 3% 22 3% 195 4% 19 4% ~ ~ 86 10% 96 4% 19 3% 27 4% ~ 73 10% ~ 186 5% 68 6% ~ 218 4% ~ 18 2% 365 8% 147 5% ~ 100 2% ~ 1,105 7% 28 2% 61 3% 192 11% 18 3% 237 8% ~ 14 2% 12 5% 43 6% 23 2% 348 4% 22 4%

$120,001 to $140,000 15 3% ~ ~ ~ 45 3% ~ 44 3% 70 3% ~ ~ 131 2% 12 3% ~ ~ 57 6% 69 3% ~ 25 4% ~ 45 6% ~ 114 3% 50 4% ~ 149 3% ~ ~ 266 6% 108 3% ~ 56 1% ~ 882 6% 27 2% 21 1% 144 8% ~ 146 5% ~ ~ ~ 27 4% 15 1% 248 3% 13 2%

$140,001 to $160,000 ~ ~ ~ ~ 28 2% ~ 22 1% 51 2% ~ ~ 101 2% 10 2% ~ ~ 30 3% 35 1% ~ ~ ~ 20 3% ~ 65 2% 27 2% ~ 98 2% ~ 10 1% 203 5% 85 3% ~ 29 1% ~ 641 4% 13 1% 12 1% 105 6% ~ 90 3% ~ ~ ~ 11 2% ~ 188 2% ~

$160,001 to $180,000 ~ ~ ~ ~ 13 1% ~ 12 1% 26 1% ~ ~ 42 1% ~ ~ ~ 15 2% 31 1% ~ ~ ~ ~ ~ 32 1% 11 1% ~ 58 1% ~ ~ 140 3% 73 2% ~ 26 1% ~ 461 3% 11 1% ~ 56 3% ~ 48 2% ~ ~ ~ ~ ~ 142 2% ~

$180,001 to $200,000 ~ ~ ~ ~ 11 1% ~ 11 1% 17 1% ~ ~ 28 1% ~ ~ ~ 11 1% 14 1% ~ ~ ~ ~ ~ 22 1% ~ ~ 43 1% ~ ~ 80 2% 48 1% ~ ~ ~ 325 2% ~ ~ 49 3% ~ 30 1% ~ ~ ~ ~ ~ 114 1% ~

$200,001 or Greater ~ ~ ~ ~ 41 3% ~ 17 1% 48 2% 10 1% ~ 121 2% ~ ~ ~ 14 2% 63 3% ~ ~ ~ ~ ~ 53 1% 16 1% ~ 178 3% ~ ~ 195 4% 190 6% ~ 22 1% ~
1,090 7% 14 1% 17 1%
114 6% ~ 87 3% ~ ~ ~ 19 3% 10 1%
520 6% ~

Total 500 326 315 44
1,607 306
1,708 2,372
737 734 5,454 440 323 433 885 2,344 552 648 173 703 275 3,610 1,207 209 5,750
60 814 4,415 3,201
63 4,183
172 15,622
1,605 1,893 1,802
684 3,058
227 874 262 686 1,360 8,920 563

9

County Dooly Dougherty Douglas Early Echols Effingham Elbert Emanuel Evans Fannin Fayette Floyd Forsyth Franklin Fulton Gilmer Glascock Glynn Gordon Grady Greene Gwinnett Habersham Hall Hancock Haralson Harris Hart Heard Henry Houston Irwin Jackson Jasper Jeff Davis Jefferson Jenkins Johnson Jones Lamar Lanier Laurens Lee Liberty Lincoln Long Lowndes Lumpkin Macon Madison Marion McDuffie McIntosh Meriwether Miller Mitchell Monroe Montgomery Morgan Murray

$0 or Less ~ 25 1% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 96 1% ~ ~ ~ ~ ~ ~ 44 0.3% ~ ~ ~ ~ ~ ~ ~ 17 0.4% 15 0.3% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 21 0% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

$1 to $20,000 205 47%
1,986 50% 1,067 31%
248 56% ~
404 30% 195 37% 397 51% 140 45% 211 45% 496 16% 993 36% 491 19% 262 37% 4,555 33% 188 34%
47 50% 342 28% 530 34% 359 49% 138 48% 3,804 23% 403 36% 1,063 28% 195 53% 332 37% 187 27% 168 40%
90 38% 1,268 28% 1,516 32%
155 50% 481 28% 105 35% 230 45% 315 50% 151 54% 112 49% 166 31% 215 43% 102 47% 775 44% 291 28% 527 35%
65 35% 62 32% 2,010 45% 191 33% 120 50% 286 36% 71 65% 290 42% 68 40% 236 48% ~ 321 47% 200 33% 132 50% 113 29% 214 29%

$20,001 to $40,000 126 29% 944 24% 749 22% 121 27% 10 100% 227 17% 152 29% 182 23% 71 23% 93 20% 321 10% 665 24% 332 13% 173 24% 2,475 18% 128 23% 34 36% 254 21% 422 27% 160 22% 72 25% 2,955 18% 234 21% 800 21% 142 38% 194 21% 133 19% 115 28% 61 25% 869 19% 915 19% 86 28% 310 18% 72 24% 132 26% 164 26% 73 26% 63 28% 121 22% 141 28% 70 33% 425 24% 204 20% 486 32% 45 24% 49 25% 1,073 24% 136 23% 76 32% 184 23% 38 35% 176 25% 39 23% 115 23% ~ 183 27% 153 26% 76 29% 90 23% 218 29%

$40,001 to $60,000 38 9% 337 9% 425 12% 34 8% ~ 166 12% 103 20% 89 11% 32 10% 77 16% 300 9% 370 13% 281 11% 127 18% 1,143 8% 81 14% 13 14% 139 12% 259 17% 78 11% 27 9% 1,882 11% 178 16% 524 14% 33 9% 129 14% 86 12% 68 16% 41 17% 588 13% 603 13% 31 10% 233 14% 42 14% 77 15% 68 11% 33 12% 37 16% 77 14% 59 12% 32 15% 169 10% 150 15% 208 14% 26 14% 31 16% 463 10% 74 13% 20 8% 120 15% ~ 89 13% 17 10% 71 14% ~ 69 10% 65 11% 25 9% 43 11% 141 19%

Exhibit 7 (Continued) Federal Adjusted Gross Income

$60,001 to $80,000 33 8% 201 5% 370 11% 29 7% ~ 164 12% 41 8% 54 7% 24 8% 49 10% 308 10% 232 8% 266 11% 81 11% 833 6% 67 12% ~ 115 10% 145 9% 53 7% 16 6% 1,707 10% 112 10% 427 11% ~ 99 11% 79 11% 40 10% 20 8% 518 12% 483 10% 23 7% 197 12% 25 8% 33 6% 34 5% 12 4% 17 7% 65 12% 45 9% 11 5% 111 6% 139 13% 144 9% 18 10% 23 12% 299 7% 65 11% 12 5% 84 11% ~ 65 9% 21 12% 37 8% ~ 49 7% 51 9% 19 7% 39 10% 88 12%

$80,001 to $100,000
25 6% 152 4% 279 8%
10 2% ~ 136 10% 25 5% 29 4% 19 6% 29 6% 346 11% 179 6% 240 10% 48 7% 677 5% 34 6% ~ 106 9% 93 6% 37 5% 12 4% 1,496 9% 61 5% 282 7% ~ 67 7% 69 10% 27 6% 18 8% 407 9% 386 8% 15 5% 165 10% 31 10% 22 4% 28 4% 11 4% ~ 46 8% 32 6% ~ 92 5% 77 7% 77 5% 12 6% 14 7% 208 5% 43 7% 11 5% 64 8% ~ 38 5% 10 6% 19 4% ~ 32 5% 50 8% 13 5% 29 7% 48 6%

$100,001 to $120,000 13 3% 88 2% 171 5% ~ ~ 94 7% 12 2% 16 2% 13 4% 12 3% 351 11% 145 5% 234 9% 26 4% 603 4% 23 4% ~ 58 5% 50 3% 18 2% 10 4% 1,248 7% 59 5% 228 6% ~ 33 4% 45 6% ~ 10 4% 306 7% 300 6% ~ 119 7% 12 4% 14 3% 16 3% ~ ~ 32 6% 13 3% ~ 69 4% 81 8% 54 4% 10 5% 14 7% 153 3% 32 5% ~ 30 4% ~ 24 3% 16 9% 15 3% ~ 15 2% 28 5% ~ 30 8% 18 2%

$120,001 to $140,000 ~ 60 2% 132 4% ~ ~ 63 5% ~ 12 2% 11 4% ~ 304 10% 64 2% 178 7% ~ 509 4% 11 2% ~ 54 4% 34 2% 15 2% ~ 1,018 6% 24 2% 143 4% ~ 26 3% 35 5% ~ ~ 188 4% 218 5% ~ 71 4% 10 3% ~ ~ ~ ~ 19 3% ~ ~ 40 2% 36 3% 29 2% 12 6% ~ 92 2% 18 3% ~ 22 3% ~ 16 2% ~ ~ ~ 12 2% 24 4% ~ 12 3% 14 2%

$140,001 to $160,000 ~ 37 1% 96 3% ~ ~ 32 2% ~ ~ ~ ~ 196 6% 45 2% 131 5% ~ 439 3% 12 2% ~ 38 3% ~ 11 2% ~ 768 5% 15 1% 91 2% ~ 14 2% 24 3% ~ ~ 123 3% 141 3% ~ 46 3% ~ ~ ~ ~ ~ 17 3% ~ ~ 19 1% 20 2% ~ ~ ~ 36 1% 14 2% ~ ~ ~ ~ ~ ~ ~ ~ 16 3% ~ 12 3% ~

$160,001 to $180,000 ~ 24 1% 38 1% ~ ~ 19 1% ~ ~ ~ ~ 158 5% 19 1% 112 4% ~ 376 3% ~ ~ 23 2% 10 1% ~ ~ 500 3% ~ 48 1% ~ ~ 16 2% ~ ~ 78 2% 88 2% ~ 18 1% ~ ~ ~ ~ ~ ~ ~ ~ 13 1% 11 1% ~ ~ ~ 31 1% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

$180,001 to

$200,000

~

19 0.5%

23 1%

~

~

~

~

~

~

~

121 4%

20 1%

64 3%

~

304 2%

~

~

19 2%

~

~

~

346 2%

~

22 1%

~

~

~

~

~

34 1%

49 1%

~

15 1%

~

~

~

~

~

~

~

~

10 1%

~

~

~

~

18 0%

~

~

~

~

~

-

0%

~

~

~

~

~

~

~

$200,001 or Greater ~ 77 2% 54 2% ~ ~ 26 2% ~ ~ ~ ~ 278 9% 55 2% 193 8% ~
1,604 12% 16 3% ~ 58 5% 22 1% ~ 10 4%
968 6% 26 2%
157 4% ~ 10 1% 21 3% ~ ~ 87 2% 73 2% ~ 48 3% ~ ~ ~ ~ ~ ~ ~ ~ 29 2% 22 2% ~ ~ ~ 63 1% 10 2% ~ ~ ~ ~ ~ ~ ~ ~ 13 2% ~ 20 5% ~

Total 440
3,950 3,404
442 10
1,331 528 779 310 471
3,179 2,787 2,522
717 13,614
560 94
1,206 1,565
731 285 16,736 1,112 3,785 370 904 695 418 240 4,483 4,787 310 1,703 297 508 625 280 229 543 505 215 1,752 1,031 1,525 188 193 4,467 583 239 790 109 698 171 493 681 600 265 388 741

10

HOPE Recipient Income Demographics

County Muscogee Newton Oconee Oglethorpe Paulding Peach Pickens Pierce Pike Polk Pulaski Putnam Quitman Rabun Randolph Richmond Rockdale Schley Screven Seminole Spalding Stephens Stewart Sumter Talbot Taliaferro Tattnall Taylor Telfair Terrell Thomas Tift Toombs Towns Treutlen Troup Turner Twiggs Union Upson Walker Walton Ware Warren Washington Wayne Webster Wheeler White Whitfield Wilcox Wilkes Wilkinson Worth Out of State1

$0 or Less 11 0% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 10 0% ~ ~ ~ ~ 11 1% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
~

$1 to $20,000 1,889 39% 622 33% 212 20% 78 44% 695 28% 403 37% 323 35% 231 38% 195 30% 422 36% 122 42% 269 51% ~ 121 45% 97 54% 1,758 38% 440 28% 87 44% 237 45% 181 56% 793 40% 341 35% 38 60% 817 50% 63 54% 17 100% 237 43% 146 55% 186 50% 149 47% 556 39% 650 43% 538 48% 101 49% 86 49% 749 40% 163 49% 84 42% 228 42% 439 45% 674 35% 322 32% 671 48% 84 49% 353 43% 373 43% 33 56% 59 50% 220 35% 603 31% 112 40% 93 44% 141 40% 288 39%
109 68%

$20,001 to $40,000 1,202 25% 418 22% 143 14% 40 22% 488 20% 271 25% 218 24% 151 25% 157 24% 302 26% 65 23% 139 26% 10 100% 74 28% 58 32% 979 21% 312 20% 52 26% 146 28% 89 27% 499 25% 263 27% 25 40% 403 25% 40 34% ~ 145 26% 71 27% 87 23% 99 31% 370 26% 337 22% 270 24% 46 22% 47 27% 479 26% 84 25% 72 36% 116 22% 253 26% 511 27% 204 20% 321 23% 58 34% 242 29% 194 23% 15 25% 32 27% 131 21% 529 27% 79 28% 59 28% 105 30% 179 24%
26 16%

$40,001 to $60,000 546 11% 298 16% 112 11% 23 13% 346 14% 141 13% 130 14% 100 17% 84 13% 184 16% 37 13% 48 9% ~ 35 13% 14 8% 499 11% 187 12% 24 12% 54 10% 26 8% 247 13% 126 13% ~ 170 10% 14 12% ~ 64 12% 31 12% 46 12% 27 8% 140 10% 171 11% 102 9% 39 19% 21 12% 183 10% 29 9% 31 16% 74 14% 118 12% 312 16% 150 15% 169 12% 16 9% 85 10% 100 12% 11 19% 26 22% 100 16% 297 15% 39 14% 25 12% 46 13% 128 17%
15 9%

Exhibit 7 (Continued) Federal Adjusted Gross Income

$60,001 to $80,000 351 7% 201 11% 110 11% 13 7% 334 13% 118 11% 97 11% 56 9% 78 12% 105 9% 24 8% 36 7% ~ 22 8% 11 6% 407 9% 155 10% 26 13% 47 9% 19 6% 151 8% 97 10% ~ 94 6% ~ ~ 47 8% 16 6% 29 8% 16 5% 125 9% 123 8% 68 6% 20 10% 21 12% 146 8% 23 7% 13 7% 38 7% 60 6% 195 10% 110 11% 102 7% 13 8% 59 7% 65 8% ~ ~ 77 12% 195 10% 26 9% 17 8% 29 8% 60 8%
11 7%

$80,001 to $100,000
264 5% 151 8% 114 11%
14 8% 234 9%
65 6% 62 7% 30 5% 61 9% 71 6% 16 6% 24 5% ~ 16 6% ~ 293 6% 163 10% 10 5% 24 5% 11 3% 92 5% 52 5% ~ 64 4% ~ ~ 27 5% ~ 15 4% 16 5% 96 7% 75 5% 54 5% ~ ~ 110 6% 21 6% ~ 25 5% 48 5% 91 5% 72 7% 56 4% ~ 37 4% 55 6% ~ ~ 34 5% 114 6% 14 5% 19 9% 16 5% 54 7%
~

$100,001 to $120,000 194 4% 91 5% 101 10% 10 6% 162 6% 32 3% 35 4% 17 3% 40 6% 41 4% 14 5% 14 3% ~ ~ ~ 205 4% 107 7% ~ 17 3% ~ 69 4% 36 4% ~ 36 2% ~ ~ 11 2% ~ 10 3% 13 4% 37 3% 58 4% 36 3% ~ ~ 80 4% 11 3% ~ 14 3% 28 3% 46 2% 56 6% 43 3% ~ 23 3% 36 4% ~ ~ 31 5% 68 3% 11 4% ~ 12 3% 23 3%
~

Total

472 0% 78,005 35% 48,737 22% 26,038 12% 19,347 9% 14,864 7% 10,922 5%

~ Denotes values less than 10. Figures are not shown to avoid disclosure of information about specific taxpayers. 1 Figures include students who are military personnel or dependents of military personnel.
Source: GSFC and Department of Revenue data

$120,001 to $140,000 140 3% 56 3% 79 8% ~ 109 4% 37 3% 18 2% 17 3% 11 2% 22 2% 10 3% ~ ~ ~ ~ 157 3% 78 5% ~ ~ ~ 31 2% 23 2% ~ 29 2% ~ ~ 10 2% ~ ~ ~ 35 2% 25 2% 23 2% ~ ~ 40 2% ~ ~ 18 3% 11 1% 40 2% 38 4% 14 1% ~ 15 2% 26 3% ~ ~ 18 3% 50 3% ~ ~ ~ 14 2%
~
7,499 3%

$140,001 to $160,000 76 2% 23 1% 49 5% ~ 57 2% 12 1% 11 1% ~ 17 3% 14 1% ~ ~ ~ ~ ~ 93 2% 38 2% ~ ~ ~ 35 2% 11 1% ~ 13 1% ~ ~ ~ ~ ~ ~ 19 1% 15 1% 17 2% ~ ~ 22 1% ~ ~ 11 2% 12 1% 19 1% 17 2% ~ ~ ~ 12 1% ~ ~ 12 2% 17 1% ~ ~ ~ ~
~
4,889 2%

$160,001 to

$180,000

61 1%

19 1%

25 2%

~

20 1%

~

15 2%

~

~

~

~

~

~

~

~

62 1%

35 2%

~

~

~

13 1% ~

~

~

-

~

~

~

~

~

~

10 1%

15 1%

~

~

~

16 1%

~

~

~

~

~

~

~

~

~

~

~

~

~

23 1%

~

~

~

~

~

3,093 1%

$180,001 to $200,000 26 1% ~ 27 3% ~ 18 1% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 34 1% 17 1% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 12 1% ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 10 1% ~ ~ ~ ~
~
2,011 1%

$200,001 or Greater 125 3% 24 1% 70 7% ~ 31 1% ~ 11 1% ~ ~ ~ ~ ~ ~ ~ ~ 141 3% 46 3% ~ ~ ~ 23 1% 15 2% ~ 12 1% ~ ~ 12 2% ~ ~ ~ 40 3% 37 2% 20 2% ~ ~ 30 2% ~ ~ 13 2% ~ 23 1% 30 3% 13 1% ~ 11 1% ~ ~ ~ ~ 53 3% ~ ~ ~ ~
~
7,559 3%

Total 4,885 1,903 1,042 178 2,494 1,079 920 602 643 1,161 288 530 10 268 180 4,638 1,578 199 525 326 1,964 964 63 1,638 117 17 553 264 373 320 1,428 1,506 1,128 206 175 1,867 331 200 537 969 1,911 999 1,389 171 825 861 59 117 623 1,959 281 213 349 746
161
223,436

11

HOPE Recipient Income Demographics

HOPE Recipient Income Demographics

Exhibit 8 shows the number of HOPE recipients whose household income falls within specified ranges categorized by the institution(s) in which they were enrolled during the year. For example, of the 6,179 HOPE recipients enrolled at Georgia Southern University in FY 2010, 12% (721) had household incomes of $60,001 to $80,000 based on 2009 tax year returns. A tilde (~) denotes values less than 10. These figures are not shown to avoid disclosure of information about specific taxpayers.

Institution Name

$0 or Less $1 to $20,000

Research Institutions GEORGIA INSTITUTE OF TECHNOLOGY GEORGIA STATE UNIVERSITY MEDICAL COLLEGE OF GEORGIA UNIVERSITY OF GEORGIA

16 0.3% 24 0.3% ~ 47 0.3%

741 2,284
59 2,317

14% 26% 21% 13%

Regional Universities GEORGIA SOUTHERN UNIVERSITY VALDOSTA STATE UNIVERSITY

20 0.3% ~

908 15% 825 20%

State Universities ALBANY STATE UNIVERSITY ARMSTRONG ATLANTIC STATE UNIVERSITY AUGUSTA STATE UNIVERSITY CLAYTON STATE UNIVERSITY COLUMBUS STATE UNIVERSITY FORT VALLEY STATE UNIVERSITY GEORGIA COLLEGE & STATE UNIVERSITY GEORGIA SOUTHWESTERN STATE UNIVERSITY KENNESAW STATE UNIVERSITY NORTH GA COLLEGE & STATE UNIVERSITY SAVANNAH STATE UNIVERSITY SOUTHERN POLYTECHNIC STATE UNIVERSITY UNIVERSITY OF WEST GEORGIA

~ ~ ~ ~ ~ ~ ~ ~ 17 0.2% ~ ~ ~ ~

227 485 325 416 410 138 325 161 1,553 394 205 247 666

33% 25% 21% 30% 19% 27% 10% 19% 21% 16% 34% 19% 20%

State Colleges

ABRAHAM BALDWIN AGRICULTURAL COLLEGE

~

COLLEGE OF COASTAL GEORGIA

~

DALTON STATE COLLEGE

~

GAINESVILLE STATE COLLEGE

~

GEORGIA GWINNETT COLLEGE

~

GORDON COLLEGE

~

MACON STATE COLLEGE

~

MIDDLE GEORGIA COLLEGE

~

193 21% 224 30% 896 30% 714 24% 202 23% 284 25% 357 23% 340 28%

Two-Year Colleges ATLANTA METROPOLITAN COLLEGE BAINBRIDGE COLLEGE DARTON COLLEGE EAST GEORGIA COLLEGE GEORGIA HIGHLANDS COLLEGE GEORGIA PERIMETER COLLEGE SOUTH GEORGIA COLLEGE WAYCROSS COLLEGE

~ ~ ~ ~ ~ 17 0.4% ~ ~

81 1,586
311 186 308 1,231 151 100

42% 59% 23% 29% 25% 30% 26% 27%

$20,001 to $40,000

Exhibit 8

Household Income of HOPE Recipients By Institution

Fiscal Year 2010

Federal Adjusted Gross Income

$40,001 to $60,000

$60,001 to $80,000

$80,001 to $100,000

$100,001 to $120,000

$120,001 to $140,000

$140,001 to $160,000

$160,001 to $180,000

$180,001 to $200,000

$200,001 or Greater

471 9% 1,657 19%
27 10% 1,403 8%

390 1,087
27 1,462

7% 12% 10%
8%

452 8% 876 10%
25 9% 1,528 9%

527 10% 748 8%
36 13% 1,700 10%

547 582
28 1,727

10% 7%
10% 10%

495 9% 452 5%
16 6% 1,480 8%

410 8% 309 3%
21 8% 1,195 7%

296 5% 251 3%
12 4% 890 5%

216 4% 155 2%
~ 698 4%

905 17% 423 5%
24 9% 3,139 18%

673 11% 610 15%

663 11% 496 12%

721 12% 458 11%

707 11% 482 12%

684 11% 361 9%

558 9% 290 7%

371 6% 166 4%

255 4% 128 3%

153 2% 55 1%

466 8% 185 5%

196 29% 349 18% 244 16% 301 22% 432 20% 136 27% 278 8% 154 18% 942 12% 322 13% 168 28% 187 15% 509 15%

107 16% 240 13% 194 12% 217 16% 309 14%
91 18% 284 9% 134 16% 812 11% 281 12%
78 13% 168 13% 422 13%

67 10% 203 11% 207 13% 154 11% 273 12%
60 12% 383 12%
99 12% 866 11% 316 13%
46 8% 151 12% 418 13%

41 6% 205 11% 182 12% 118 8% 264 12%
35 7% 416 13%
97 12% 828 11% 306 13%
53 9% 143 11% 389 12%

29 4% 151 8% 138 9%
65 5% 184 8%
27 5% 394 12%
67 8% 703 9% 247 10%
37 6% 126 10% 321 10%

20 3% 118 6% 112 7%
49 4% 138 6%
16 3% 331 10%
43 5% 554 7% 197 8%
10 2% 99 8% 237 7%

~ 52 3% 53 3% 25 2% 63 3% ~ 253 8% 26 3% 371 5% 138 6% ~ 54 4% 141 4%

~ 29 2% 28 2% 23 2% 48 2% ~ 183 6% 13 2% 239 3% 81 3% ~ 28 2% 73 2%

~ 32 2% 22 1% 11 1% 17 1% ~ 123 4% 10 1% 171 2% 36 1% ~ 17 1% 48 1%

~ 53 3% 62 4% 18 1% 75 3% ~ 339 10% 30 4% 489 6% 108 4% 12 2% 51 4% 111 3%

191 20% 139 19% 800 27% 447 15% 171 19% 229 20% 260 17% 266 22%

150 16% 116 15% 507 17% 411 14% 109 12% 174 15% 200 13% 166 14%

122 13% 82 11%
340 12% 342 12% 121 14% 130 11% 195 13% 118 10%

104 11% 77 10%
180 6% 314 11%
99 11% 114 10% 154 10%
99 8%

75 8% 50 7% 97 3% 213 7% 52 6% 100 9% 132 9% 80 7%

43 5% 34 5% 63 2% 170 6% 46 5% 63 5% 97 6% 56 5%

21 2% 14 2% 23 1% 127 4% 39 4% 35 3% 59 4% 27 2%

16 2% ~ 12 0.4% 67 2% 16 2% 11 1% 30 2% 22 2%

~ ~ ~ 35 1% ~ ~ 21 1% 11 1%

23 2% 15 2% 24 1% 133 4% 27 3% 13 1% 30 2% 21 2%

66 35% 665 25% 272 20% 138 22% 226 18% 868 21% 134 23%
81 22%

34 18% 180 7% 216 16%
83 13% 177 14% 529 13%
91 16% 68 18%

10 5% 124 5% 170 13%
67 11% 138 11% 357 9%
67 12% 55 15%

~ 64 2% 140 10% 55 9% 144 12% 308 8% 44 8% 32 9%

~ 29 1% 90 7% 37 6% 98 8% 208 5% 31 5% 20 5%

~ 25 1% 56 4% 21 3% 58 5% 143 4% 26 5% 19 5%

~ ~ 26 2% 12 2% 30 2% 98 2% 16 3% ~

~ ~ 18 1% 10 2% 14 1% 79 2% ~ ~

~ ~ 10 1% ~ 14 1% 47 1% ~ ~

~ ~ 43 3% 23 4% 27 2% 164 4% 11 2% ~

Total
5,466 8,848
275 17,586
6,179 4,056
687 1,917 1,567 1,397 2,213
503 3,309
834 7,545 2,426
609 1,271 3,335
938 751 2,942 2,973 882 1,153 1,535 1,206
191 2,673 1,352
632 1,234 4,049
571 375

12

Institution Name
Technical Colleges ALBANY TECHNICAL COLLEGE ALTAMAHA TECHNICAL COLLEGE APPALACHIAN TECHNICAL COLLEGE ATHENS TECHNICAL COLLEGE ATLANTA TECHNICAL COLLEGE AUGUSTA TECHNICAL COLLEGE CENTRAL GEORGIA TECHNICAL COLLEGE CHATTAHOOCHEE TECHNICAL COLLEGE COLUMBUS TECHNICAL COLLEGE DEKALB TECHNICAL COLLEGE EAST CENTRAL TECHNICAL COLLEGE FLINT RIVER TECHNICAL COLLEGE GEORGIA NRTHWSTRN TECHNICAL COLLEGE GWINNETT TECHNICAL COLLEGE HEART OF GEORGIA TECHNICAL COLLEGE LANIER TECHNICAL COLLEGE MIDDLE GEORGIA TECHNICAL COLLEGE MOULTRIE TECHNICAL COLLEGE NORTH GEORGIA TECHNICAL COLLEGE NORTH METRO TECHNICAL COLLEGE OGEECHEE TECHNICAL COLLEGE OKEFENOKEE TECHNICAL COLLEGE SANDERSVILLE TECHNICAL COLLEGE SAVANNAH TECHNICAL COLLEGE SOUTH GEORGIA TECHNICAL COLLEGE SOUTHEASTERN TECHNICAL COLLEGE SOUTHERN CRESCENT TECH COLLEGE SOUTHWEST GEORGIA TECHNICAL COLLEGE SWAINSBORO TECHNICAL COLLEGE WEST GEORGIA TECHNICAL COLLEGE WIREGRASS GEORGIA TECHNICAL COLLEGE
Private Colleges and Universities AGNES SCOTT COLLEGE ANDREW COLLEGE ATLANTA CHRISTIAN COLLEGE BERRY COLLEGE BRENAU UNIVERSITY BREWTON-PARKER COLLEGE CLARK ATLANTA UNIVERSITY COVENANT COLLEGE EMMANUEL COLLEGE EMORY UNIVERSITY GEORGIA MILITARY COLLEGE LAGRANGE COLLEGE LAGRANGE COLLEGE - QUARTER LIFE UNIVERSITY MERCER UNIVERSITY MERCER UNIVERSITY- ATLANTA MERCER UNIVERSITY- EXTENDED EDUCATION MOREHOUSE COLLEGE MORRIS BROWN COLLEGE OGLETHORPE UNIVERSITY PAINE COLLEGE PIEDMONT COLLEGE REINHARDT COLLEGE SAVANNAH COLLEGE OF ART & DESIGN SHORTER UNIVERSITY SPELMAN COLLEGE

$0 or Less $1 to $20,000

31 1% 11 1% ~ 20 0.4% 67 1% 15 0.3% 38 1% 37 0.3% ~ 30 1% 10 0.4% ~ 12 0.2% 25 1% ~ 16 0.3% 10 0.2% ~ 10 0.3% ~ ~ ~ ~ 28 0.5% ~ ~ 26 0.4% ~ ~ 33 0.4% 31 1%
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

2,524 53% 925 47% 283 44%
2,174 42% 3,317 56% 2,330 50% 3,980 52% 4,303 38% 1,810 45% 2,424 45% 1,307 53%
691 53% 3,082 40% 1,658 35% 1,068 52% 1,874 34% 1,827 43% 1,673 52% 1,515 45%
570 39% 1,446 49% 1,253 53%
750 52% 2,721 47% 1,716 53% 1,338 53% 2,588 42%
791 45% 231 53% 3,593 40% 2,485 50%
51 22% 11 41% 42 22% 116 12% 111 18% 58 20% 50 34% 23 12% 45 23% 194 15% 398 30% 37 11% ~ ~ 125 13% 41 28% 93 25% 38 24% ~ 40 14% 57 41% 140 24% 61 16% 139 18% 163 15% 64 27%

$20,001 to $40,000
1,247 26% 526 27% 178 28%
1,319 26% 1,603 27% 1,160 25% 2,054 27% 2,904 25% 1,110 28% 1,606 30%
696 28% 340 26% 2,173 29% 1,301 28% 570 28% 1,371 25% 1,105 26% 811 25% 878 26% 361 24% 730 25% 594 25% 447 31% 1,611 28% 885 28% 658 26% 1,643 27% 511 29% 115 26% 2,219 25% 1,331 27%
34 15% 16 59% 49 26% 103 11% 154 25% 70 24% 45 31% 28 15% 34 18% 173 14% 292 22% 50 15% ~ ~ 86 9% 33 23% 106 28% 44 28% ~ 41 15% 44 32% 100 17% 56 15% 106 14% 236 21% 51 22%

$40,001 to $60,000

Exhibit 8 (continued)

Federal Adjusted Gross Income

$60,001 to

$80,001 to $100,001 to $120,001 to

$80,000

$100,000

$120,000

$140,000

$140,001 to $160,000

$160,001 to $180,000

$180,001 to $200,000

$200,001 or Greater

442 198
88 669 488 489 670 1,470 458 699 227 148 1,139 593 191 798 502 329 453 194 321 279 138 619 274 245 767 193
56 1,133
512

9% 10% 14% 13%
8% 10%
9% 13% 11% 13%
9% 11% 15% 13%
9% 15% 12% 10% 14% 13% 11% 12% 10% 11%
9% 10% 12% 11% 13% 13% 10%

39 17% ~ 35 19% 100 11% 98 16% 58 20% 24 16% 36 19% 35 18% 159 13% 184 14% 33 10% ~ ~ 98 10% 25 17% 58 16% 19 12% ~ 41 15% 23 17% 95 16% 56 15% 74 10% 185 17% 35 15%

263 5% 141 7%
59 9% 418 8% 241 4% 316 7% 376 5% 994 9% 257 6% 284 5% 119 5%
78 6% 620 8% 449 10% 106 5% 579 11% 301 7% 174 5% 253 8% 126 9% 187 6% 137 6%
54 4% 409 7% 175 5% 131 5% 499 8% 130 7%
21 5% 814 9% 287 6%
17 7% ~ 29 15% 106 11% 84 13% 38 13% 17 12% 45 23% 32 16% 119 9% 114 9% 39 12% ~ ~ 121 12% 14 10% 55 15% 20 13% ~ 25 9% 14 10% 68 12% 53 14% 88 11% 153 14% 27 11%

144 3% 95 5% 25 4%
225 4% 118 2% 188 4% 220 3% 650 6% 159 4% 191 4%
56 2% 43 3% 301 4% 269 6% 45 2% 343 6% 213 5% 114 4% 107 3% 92 6% 127 4% 73 3% 31 2% 219 4% 90 3% 84 3% 291 5% 70 4% 13 3% 522 6% 145 3%
19 8% ~ 22 12% 118 13% 53 8% 33 11% 10 7% 30 16% 26 13% 111 9% 121 9% 42 13% ~ ~ 120 12% 11 8% 35 9% 13 8% ~ 22 8% ~ 64 11% 52 14% 76 10% 116 11% 25 11%

83 2% 35 2% 13 2% 132 3% 52 1% 98 2% 127 2% 420 4% 111 3% 87 2% 23 1% 12 1% 143 2% 174 4% 45 2% 223 4% 122 3% 62 2% 59 2% 58 4% 63 2% 28 1% 19 1% 134 2% 38 1% 36 1% 192 3% 27 2% ~ 299 3% 82 2%
21 9% ~ 12 6% 98 10% 44 7% 18 6% ~ 18 9% 12 6% 90 7% 76 6% 52 16% ~ ~ 111 11% ~ 15 4% ~ ~ 34 12% ~ 38 7% 39 10% 59 8% 87 8% 15 6%

33 1% 27 1% ~ 75 1% 20 0.3% 48 1% 57 1% 244 2% 50 1% 47 1% ~ ~ 76 1% 91 2% 16 1% 98 2% 62 1% 24 1% 29 1% 38 3% 35 1% 10 0.4% ~ 53 1% 31 1% 15 1% 71 1% 22 1% ~ 160 2% 39 1%
13 6% ~ ~ 70 7% 27 4% 12 4% ~ 12 6% 10 5% 65 5% 55 4% 27 8% ~ ~ 87 9% 12 8% 11 3% 12 8% ~ 21 7% ~ 30 5% 23 6% 55 7% 58 5% 10 4%

17 0.4% 16 1% ~ 32 1% 15 0.3% 28 1% 42 1% 166 1% 32 1% 26 0.5% ~ ~ 27 0.4% 55 1% ~ 72 1% 44 1% ~ 14 0.4% 25 2% 12 0.4% ~ ~ 31 1% ~ ~ 57 1% 10 1% ~ 71 1% 18 0.4%
13 6% ~ ~ 61 6% 16 3% ~ ~ ~ ~ 49 4% 40 3% 17 5% ~ ~ 81 8% ~ ~ 10 6% ~ 15 5% ~ 17 3% 13 3% 33 4% 36 3% ~

~ ~ ~ 27 1% ~ 12 0.3% 15 0.2% 81 1% 21 1% ~ ~ ~ 12 0.2% 30 1% ~ 45 1% 12 0.3% 10 0.3% ~ ~ 15 1% ~ ~ ~ ~ ~ 18 0.3% ~ ~ 41 0.5% ~
~ ~ ~ 36 4% 10 2% ~ ~ ~ ~ 47 4% 13 1% 12 4% ~ ~ 38 4% ~ ~ ~ ~ 12 4% ~ ~ ~ 38 5% 21 2% ~

~ ~ ~ 13 0.3% ~ 10 0.2% ~ 42 0.4% ~ ~ ~ ~ 10 0.1% 15 0.3% ~ 18 0.3% 10 0.2% ~ ~ ~ ~ ~ ~ ~ ~ ~ 13 0.2% ~ ~ 20 0.2% ~
~ ~ ~ 35 4% 10 2% ~ ~ ~ ~ 37 3% 10 1% ~ ~ ~ 36 4% ~ ~ ~ ~ ~ ~ ~ ~ 22 3% 18 2% ~

~ ~ ~ 37 1% ~ ~ 15 0.2% 90 1% 14 0.3% ~ 11 0.4% ~ 17 0.2% 36 1% ~ 65 1% 10 0.2% 10 0.3% 20 1% 14 1% 24 1% ~ ~ ~ ~ ~ 20 0.3% ~ ~ 37 0.4% 18 0.4%
24 10% ~ ~ 98 10% 19 3% ~ ~ ~ ~ 226 18% 27 2% 19 6% ~ ~ 96 10% 10 7% ~ ~ ~ 31 11% ~ 29 5% 20 5% 83 11% 30 3% 10 4%

Total
4,784 1,974
646 5,141 5,921 4,694 7,594 11,401 4,022 5,394 2,449 1,312 7,612 4,696 2,041 5,502 4,218 3,207 3,338 1,478 2,960 2,374 1,439 5,825 3,209 2,507 6,185 1,754
436 8,942 4,948
231 27
189 941 626 287 146 192 194 1,270 1,330 328 999 146 373 156 282 138 581 373 773 1,103 237

13

HOPE Recipient Income Demographics

Institution Name
Private Colleges and Universities (Contd) THOMAS UNIVERSITY TOCCOA FALLS COLLEGE TRUETT - MCCONNELL COLLEGE WESLEYAN COLLEGE YOUNG HARRIS COLLEGE
Private Proprietary Colleges and Universities AMERICAN INTERCONTINENTAL UNIVERSITY ARGOSY UNIVERSITY ART INSTITUTE OF ATLANTA ART INSTITUTE OF ATLANTA - DECATUR BAUDER COLLEGE DEVRY UNIVERSITY EMBRY-RIDDLE AERONAUTICAL UNIVERSITY HERZING UNIVERSITY SAINT LEO UNIVERSITY SOUTH UNIVERSITY
Total Source: GSFC and Department of Revenue data

$0 or Less $1 to $20,000

$20,001 to $40,000

$40,001 to $60,000

Exhibit 8 (continued)

Federal Adjusted Gross Income

$60,001 to

$80,001 to $100,001 to $120,001 to

$80,000

$100,000

$120,000

$140,000

$140,001 to $160,000

$160,001 to $180,000

$180,001 to $200,000

$200,001 or Greater

Total

~

35 23%

42 28%

32 21%

23 15%

20 13%

~

~

~

~

~

~

152

~

30 18%

28 17%

25 15%

29 17%

28 17%

16 10%

10 6%

~

~

~

~

166

~

25 23%

10 9%

25 23%

22 20%

~

16 15%

11 10%

~

~

~

~

109

~

25 26%

24 25%

16 17%

16 17%

~

14 15%

~

~

~

~

~

95

~

57 14%

49 12%

59 15%

63 16%

45 11%

33 8%

27 7%

17 4%

14 4%

12 3%

22 6%

398

~

105 34%

101 32%

45 14%

30 10%

22 7%

10 3%

~

~

~

~

~

313

~

~

~

~

~

~ 0%

~

~

~

~

~

~

-

~

137 36%

66 17%

68 18%

39 10%

37 10%

19 5%

~

~

~

~

13 3%

379

~

12 33%

14 39%

10 28%

~

~

~

~

~

~

~

~

36

~

57 61%

36 39%

~

~

~

~

~

~

~

~

~

93

~

193 30%

199 31%

106 17%

74 12%

39 6%

29 5%

~

~

~

~

~

640

~

~

~

10 18%

14 25%

15 27%

16 29%

~

~

~

~

~

55

~

24 46%

28 54%

~

~

~

~

~

~

~

~

~

52

~

27 18%

63 42%

27 18%

18 12%

~

15 10%

~

~

~

~

~

150

~

51 28%

49 27%

30 16%

28 15%

16 9%

10 5%

~

~

~

~

~

184

591

80,972 34% 50,729 22% 27,418 12% 20,373 9% 15,809 7% 11,744 5% 8,264 4% 5,403 2% 3,452 1% 2,233 1% 8,239 4% 235,227

14

HOPE Recipient Income Demographics

HOPE Recipient Income Demographics

Exhibit 9.1 and Exhibit 9.2 show the number of HOPE recipients whose household income falls within specified ranges categorized by classification/grade level. Exhibit 9.1 is based on students' self-reported information on the federal financial aid application that has not been verified. Approximately 47,000 (21%) students are not classified in the data. Exhibit 9.2 is an estimate of the classification of HOPE public and private scholarship recipients based on an award type code. Students who received HOPE grants are not included in the data. A tilde (~) denotes values less than 10. These figures are not shown to avoid disclosure of information about specific taxpayers.

College Grade Level 1st Year, Never Attended College 1st Year, Attended College Before 2nd Year/ Sophomore 3rd year/ Junior 4th year/ Senior 5th Year/Other Undergraduate 1st Year Graduate/Professional Continuing Graduate/Professional Not Reported Total

$0 or Less $1 to $20,000

200 0.3% 21,428 37%

186 0.4% 23,357 49%

116 0.3% 12,317 34%

56 0.3% 5,991 28%

37 0.3% 2,843 27%

~

949 31%

~

235 31%

~

353 30%

161 0.3% 10,548 22%

756 0.3% 78,021 35%

Exhibit 9.1

Household Income of All HOPE Recipients By College Grade Level

Fiscal Year 2010

Federal Adjusted Gross Income

$20,001 to $40,000

$40,001 to $60,000

$60,001 to $80,000

$80,001 to $100,000

$100,001 to $120,000

$120,001 to $140,000

12,954 23% 6,567 11% 4,819 8% 3,619 6% 2,568 4% 1,720 3%

12,869 27% 5,228 11% 2,841 6% 1,469 3%

841 2%

477 1%

8,517 23% 4,590 13% 3,315 9% 2,456 7% 1,852 5% 1,250 3%

4,128 20% 2,635 13% 2,142 10% 1,818 9% 1,395 7% 1,013 5%

1,775 17% 1,322 12% 1,138 11% 1,047 10%

806 8%

601 6%

631 21%

378 13%

271 9%

268 9%

176 6%

124 4%

163 21%

101 13%

76 10%

63 8%

43 6%

27 4%

317 27%

184 16%

130 11%

68 6%

40 3%

37 3%

7,391 16% 5,072 11% 4,686 10% 4,173 9% 3,362 7% 2,559 5%

48,745 22% 26,077 12% 19,418 9% 14,981 7% 11,083 5% 7,808 3%

Source: GSFC and Department of Revenue data

$140,001 to $160,000 1,128 2% 246 1% 741 2% 655 3% 386 4% 66 2% 23 3% 22 2% 1,917 4% 5,184 2%

$160,001 to $180,000 691 1% 106 0.2% 470 1% 386 2% 246 2% 50 2% 17 2% 12 1% 1,442 3% 3,420 2%

$180,001 to $200,000 403 1% 59 0.1% 279 1% 275 1% 155 1% 27 1% ~ ~ 1,054 2% 2,252 1%

$200,001 or Greater
1,240 2% 176 0.4% 659 2% 561 3% 324 3% 78 3% 22 3% 10 1%
4,800 10% 7,870 3%

Total 57,337 47,855 36,562 21,055 10,680 3,018
770 1,173 47,165 225,615

Student Classification Freshman Sophmore Junior Senior Total

$0 or Less $1 to $20,000 78 0.2% 5,892 16% 82 0.3% 6,733 21% 87 0.3% 6,883 22% 90 0.3% 6,761 24%
337 0.3% 26,269 21%

Exhibit 9.2

Household Income of HOPE Scholarship Recipients By Student Classification

Fiscal Year 2010

Federal Adjusted Gross Income

$20,001 to $40,000

$40,001 to $60,000

$60,001 to $80,000

$80,001 to $100,000

$100,001 to $120,000

$120,001 to $140,000

5,201 15% 4,311 12% 4,201 12% 3,845 11% 3,290 9% 2,508 7%

5,147 16% 3,893 12% 3,416 11% 3,105 10% 2,581 8% 2,040 6%

4,900 16% 3,612 12% 3,129 10% 2,937 10% 2,387 8% 1,866 6%

4,346 15% 3,234 11% 2,817 10% 2,643 9% 2,125 8% 1,627 6%

19,594 15% 15,050 12% 13,563 11% 12,530 10% 10,383 8% 8,041 6%

$140,001 to $160,000 1,725 5% 1,359 4% 1,234 4% 1,164 4% 5,482 4%

$160,001 to $180,000 1,150 3% 963 3% 809 3% 823 3% 3,745 3%

$180,001 to $200,000 752 2% 661 2% 635 2% 560 2% 2,608 2%

$200,001 or Greater
2,889 8% 2,414 7% 2,143 7% 1,943 7% 9,389 7%

Total 35,842 32,394 30,622 28,133 126,991

Source: GSFC and Department of Revenue data

15

HOPE Recipient Income Demographics

Exhibit 10 shows the number of HOPE recipients whose household income falls within specified ranges categorized by the type of award(s) received. For example, of the 123,941 HOPE Grant recipients, 27% (32,962) had household incomes of $20,001 to $40,000 based on 2009 tax year returns. A tilde (~) denotes values less than 10. These figures are not shown to avoid disclosure of information about specific taxpayers.

Award Type HOPE Scholarship - Public HOPE Scholarship - Private HOPE Grant HOPE GED Grant Total

$0 or Less 225 0.3% 44 0.3% 491 0.4% 19 0.4% 779 0.3%

$1 to $20,000 18,803 21%
2,769 20% 56,860 46%
2,528 51% 80,960 35%

$20,001 to $40,000
13,610 15% 2,596 19%
32,962 27% 1,245 25%
50,413 22%

Exhibit 10 Household Income of HOPE Recipients By Award Type

Fiscal Year 2010

$40,001 to $60,000

Federal Adjusted Gross Income

$60,001 to $80,000

$80,001 to $100,000

$100,001 to $120,000

$120,001 to $140,000

10,433 12% 9,459 11% 8,882 10% 7,375 8% 5,794 6%

1,933 14% 1,631 12% 1,361 10% 1,048 8%

701 5%

14,031 11% 8,559 7% 4,951 4% 2,805 2% 1,403 1%

530 11%

282 6%

163 3%

87 2%

48 1%

26,927 12% 19,931 9% 15,357 7% 11,315 5% 7,946 3%

Source: GSFC and Department of Revenue data

$140,001 to $160,000 3,961 4% 495 4% 796 1% 30 1% 5,282 2%

$160,001 to $180,000

$180,001 to $200,000

2,738 3% 1,850 2%

319 2%

242 2%

394 0%

206 0%

14 0% ~

3,465 1% 2,298 1%

$200,001 or Greater
6,651 7% 810 6% 483 0% 28 1%
7,972 3%

Total 89,781 13,949 123,941 4,974 232,645

16

HOPE Recipient Income Demographics

Exhibit 11 shows the number of HOPE recipients whose household income falls within specified ranges categorized by the total amount awarded for tuition, fees, and books combined. The data reflects the amounts awarded in a single term rather than the amount awarded for the whole year. (Note: Students whose award amounts fall within different ranges each term are counted more than once; however, only 10% of recipients appear in the data multiple times.) The median total award amounts for each award type are listed below:
HOPE Scholarship (Public) - $1,984 per term; $4,335 per year HOPE Scholarship (Private) - $1,750 per term; $3,500 per year HOPE Grant - $626 per term; $1,176 per year HOPE GED Grant - $500 per term and per year

Award Amount Less than $1,000 $1,000 to $2,999 $3,000 to $4,999 $5,000 or greater
Total

Exhibit 11 Household Income of HOPE Recipients By Total (Tuition, Books, and Fees) Award Amount (Per Term)
Fiscal Year 2010

$0 or Less

$1 to $20,000

$20,001 to $40,000

$40,001 to $60,000

Federal Adjusted Gross Income

$60,001 to $80,000

$80,001 to $100,000

$100,001 to $120,000

$120,001 to $140,000

$140,001 to $160,000

$160,001 to $180,000

558 0.4% 61,565 42% 36,854 25% 17,062 12% 11,113 8% 7,059 5% 4,469 3% 2,641 2% 1,568 1%

921 1%

216 0.3% 17,828 22% 12,768 16% 9,598 12% 8,777 11% 8,234 10% 6,660 8% 5,102 6% 3,445 4% 2,310 3%

60 0.3% 3,494 18% 2,476 13% 1,885 10% 1,737 9% 1,740 9% 1,680 9% 1,408 7% 1,083 5%

838 4%

~

67 28%

27 11%

20 8%

14 6%

24 10%

21 9%

25 10%

18 7%

10 4%

834 0.3% 82,954 33% 52,125 21% 28,565 12% 21,641 9% 17,057 7% 12,830 5% 9,176 4% 6,114 2% 4,079 2%

$180,001 to $200,000 560 0% 1,541 2% 605 3% ~ 2,706 1%

$200,001 or Greater
1,781 1% 5,161 6% 2,714 14%
17 7% 9,673 4%

Source: GSFC and Department of Revenue data

Total 146,151 81,640 19,720
243 247,754

17

HOPE Recipient Income Demographics

Exhibit 12 shows the number of HOPE recipients whose household income falls within specified ranges categorized by the amount awarded for tuition. The data reflects the amounts awarded in a single term rather than the amount awarded for the whole year. (Note: Students whose award amounts fall within different ranges each term are counted more than once; however, only 10% of recipients appear in the data multiple times.) The median tuition award amounts for each award type are listed below:
HOPE Scholarship (Public) - $1,560 per term; $3,390 per year HOPE Scholarship (Private) - $1,750 per term; $3,500 per year HOPE Grant - $480 per term; $848 per year HOPE GED Grant $500 per term and per year

Award Amount Less than $1,000 $1,000 to $2,999 $3,000 to $4,999 $5,000 or greater Total

Exhibit 12 Household Income of HOPE Recipients By Tuition Award Amount (Per Term)
Fiscal Year 2010

$0 or Less

$1 to $20,000

$20,001 to $40,000

$40,001 to $60,000

$60,001 to $80,000

Federal Adjusted Gross Income

$80,001 to $100,000

$100,001 to $120,000

$120,001 to $140,000

$140,001 to $160,000

587 0.4% 64,971 41% 39,012 25% 18,530 12% 12,310 8% 8,197 5% 5,278 3% 3,285 2% 1,976 1%

205 0.3% 15,534 20% 11,448 15% 9,006 11% 8,435 11% 8,061 10% 6,740 9% 5,268 7% 3,622 5%

42 0.3% 2,596 21% 1,756 14% 1,238 10% 1,076 9% 1,025 8%

942 8%

806 6%

631 5%

~

58 31%

23 12%

14 7%

10 5%

22 12%

19 10%

19 10%

12 6%

834 0.3% 83,159 33% 52,239 21% 28,788 12% 21,831 9% 17,305 7% 12,979 5% 9,378 4% 6,241 3%

$160,001 to $180,000 1,185 1% 2,475 3% 487 4% ~ 4,147 2%

$180,001 to $200,000 721 0.5% 1,703 2% 336 3% ~ 2,760 1%

$200,001 or Greater
2,294 1% 5,909 8% 1,478 12%
13 7% 9,694 4%

Source: GSFC and Department of Revenue data

Total 158,346 78,406 12,413
190 249,355

18

HOPE Recipient Income Demographics

Exhibit 13 shows the number of HOPE recipients whose household income falls within specified ranges categorized by the amount awarded for books. The data reflects the amounts awarded in a single term rather than the amount awarded for the whole year. (Note: Students whose award amounts fall within different ranges each term are counted more than once; however, only 17% of recipients appear in the data multiple times.) The median book award amounts for each award type are listed below:
HOPE Scholarship (Public) - $150 per term; $300 per year HOPE Grant - $100 per term; $200 per year

Award Amount Less than $100 $100 to $199 $200 to $299 $300 to $399 $400 or greater Total

$0 or Less

$1 to $20,000

$20,001 to $40,000

Exhibit 13 Household Income of HOPE Recipients By Book Award Amount (Per Term)

Fiscal Year 2010

$40,001 to $60,000

Federal Adjusted Gross Income

$60,001 to $80,000

$80,001 to $100,000

$100,001 to $120,000

$120,001 to $140,000

$140,001 to $160,000

209 0.3% 22,411 33% 16,044 24% 8,728 13% 6,301 9% 4,497 7% 3,112 5% 2,050 3% 1,348 2%

659 0.3% 69,185 35% 41,934 21% 22,136 11% 16,496 8% 12,874 7% 9,636 5% 6,926 4% 4,588 2%

~

~

~

~

~

~

~

~

~

~

19 23%

18 22%

18 22%

13 16%

14 17%

~

~

~

~

11 100%

~

~

~

~

~

~

~

868

91,626 35% 57,996 22% 30,882 12% 22,810 9% 17,385 7% 12,748 5% 8,976 3% 5,936 2%

$160,001 to $180,000 838 1% 3,056 2% ~ ~ ~ 3,894 1%

$180,001 to $200,000 575 1% 2,004 1% ~ ~ ~ 2,579 1%

$200,001 or Greater

Total

2,012 3%

68,125

6,981 4%

196,475

~

~

~

82

~

11

8,993 3%

264,693

Source: GSFC and Department of Revenue data

19

HOPE Recipient Income Demographics

Exhibit 14 shows the number of HOPE recipients whose household income falls within specified ranges categorized by the amount awarded for fees. The data reflects the amounts awarded in a single term rather than the amount awarded for the whole year. (Note: Students whose award amounts fall within different ranges each term are counted more than once; however, only 9% of recipients appear in the data multiple times.) The median fee award amounts for each award type are listed below:
HOPE Scholarship (Public) - $283 per term; $570 per year HOPE Grant - $46 per term; $92 per year

Award Amount

$0 or Less

$1 to $20,000

$20,001 to $40,000

Exhibit 14 Household Income of HOPE Recipients By Fees Award Amount (Per Term)

Fiscal Year 2010

Federal Adjusted Gross Income

$40,001 to $60,000

$60,001 to $80,000

$80,001 to $100,000

$100,001 to $120,000

$120,001 to $140,000

$140,001 to $160,000

Less than $100

613 0.4% 65,709 41% 39,879 25% 19,050 12% 12,682 8% 8,386 5% 5,396 3% 3,243 2% 1,998 1%

$100 to $199

36 0.2% 3,659 24% 2,698 18% 1,939 13% 1,669 11% 1,544 10% 1,182 8%

899 6%

547 4%

$200 to $299

58 0.2% 5,501 20% 3,928 14% 3,190 11% 3,170 11% 3,025 11% 2,517 9% 2,017 7% 1,351 5%

$300 to $399

53 0.3% 4,253 21% 3,107 15% 2,318 11% 2,123 10% 2,047 10% 1,735 9% 1,380 7%

930 5%

$400 or greater

59 0.3% 2,879 13% 1,803 8% 1,788 8% 1,922 9% 2,157 10% 2,204 10% 1,929 9% 1,563 7%

Total

819 0.3% 82,001 33% 51,415 21% 28,285 11% 21,566 9% 17,159 7% 13,034 5% 9,468 4% 6,389 3%

Source: GSFC and Department of Revenue data

$160,001 to $180,000 1,155 1% 352 2% 907 3% 693 3% 1,154 5% 4,261 2%

$180,001 to $200,000

$200,001 or Greater

739 0% 2,445 2%

206 1%

619 4%

609 2% 1,916 7%

381 2% 1,224 6%

901 4% 3,952 18%

2,836 1% 10,156 4%

Total 161,295 15,350 28,189 20,244 22,311 247,389

20

HOPE Recipient Income Demographics

21

Appendix A
Objectives, Scope, and Methodology

The Senate Appropriations Committee requested a special examination of the demographics of lotteryfunded programs. As requested by the Committee, our review focuses on the following question: For the HOPE and Pre-Kindergarten programs, with a focus on family income levels, what are the demographics for the recipients? This report examines income demographics for HOPE Scholarship and Grant recipients. The data was provided to the requestor in January 2011 to facilitate the analysis of various policy and funding alternatives for the program during the 2011 legislative session. This report is intended to provide contextual information about the program along with the previously released data.
In order to determine the demographics of HOPE recipients, we requested that GSFC provide us award data for fiscal year 2010 (e.g., students who received scholarship and grant awards from Summer 2009 to Spring 2010). The data provided by GSFC included the following data elements for the recipients:
name of the institution, county of residence, student classification level, award type, award amounts (tuition, books, fees), and social security number.
In order to report on the family income of HOPE recipients, we provided the data to DOR who then matched social security numbers of the recipients against Internal Revenue Service (IRS) data on taxpayers and taxpayer dependents. For the matched records, DOR extracted 2009 tax year income of the recipients' and/or their families. As shown in the table below, of approximately 248,000 HOPE recipients in fiscal year 2010, DOR successfully matched 91% of participants (approximately 225,000) to a 2009 tax year return. The remaining 9% of students (approximately 22,000) were excluded from the analysis for reasons described in the following table.

Results of DOR's Match of HOPE Recipient Data to IRS Taxpayer and Tax Dependent Data

Total HOPE Recipients Excluded Records

Missing SSN
Non-Distinct SSN Non-Matched Records 1
Other Exclusions 2

2010 248,239
21,959 640

Remaining Matched Records

225,640

1 Students whose SSN could not be matched against taxpayer or dependent inform ation lis ted on 2009 federal tax returns . According to DOR, the IRS' electronic records include only the first four dependents listed on taxpayer returns .
2 Students who were claimed on more than three separate tax returns (not married filing separately).

HOPE Recipient Income Demographics

22

In an effort to ensure the privacy of taxpayer information, the IRS stipulated the release of income data on the condition that it be provided in summary form rather than on an individual taxpayer basis. As a result, in response to our request, DOR provided us the number of students who received HOPE scholarship and grant awards categorized by Adjusted Gross Income. The analysis was conducted under the following constraints:
We defined `income' as Federal Adjusted Gross Income (AGI). AGI is a calculation of income from taxable sources (gross income) less certain allowable tax deductions. It is used to determine eligibility for certain needs-based benefits.
The IRS's disclosure policy required DOR to omit values less than 10 from the analytical results. These instances are denoted by a `~'. The omitted values are also excluded from the calculation of totals in the spreadsheet attachments.
In several instances, totals presented in the spreadsheet attachments do not equal the total of matched records noted in the table above. Totals may be less than the number of matched records because values less than 10 were excluded from the calculation of totals. Totals may be higher than the number of matched records because some students have multiple appearances in the data. For example, students who attended more than one institution during the year will be included in the data for each institution.
For households that included two individuals with a filing status of `married filing separately', the AGI from both tax returns was combined to determine total household income of the recipient. If the recipient was a dependent student who also filed a tax return, the AGI from the recipient's return would also be included in the calculation of total household income. As a result, family income could potentially be determined from a combination of up to three different tax returns.

The project was not conducted in accordance with generally accepted government auditing standards (GAGAS), given the timeframe in which the report was needed. However, it was conducted in accordance with Performance Audit Division policies and procedures for non-GAGAS engagements. These policies and procedures require that we plan and perform the engagement to obtain sufficient, appropriate evidence to provide a reasonable basis for the information reported and that data limitations be identified for the reader.

HOPE Recipient Income Demographics

Appendix B: Average Annual Cost of Attendance and HOPE Awards
HOPE payments do not cover the recipients' full cost of attendance. As shown in the table below, the average cost of attendance for the types of institutions attended by HOPE recipients varies significantly ranging from $3,318 to $29,730. These figures include costs associated with room and board, which is not paid for by HOPE. With the exception of students attending technical colleges, HOPE pays less than half the full cost of attendance.

2009-2010 Academic Year1

Tuition

Mandatory Fees

Room and Board

Books and Supplies Total Cost of Attendance

Institution Type

Cost

% HOPE Covered Award(4) by HOPE

% HOPE Covered Cost Award (5) by HOPE

Cost

% HOPE Covered Award by HOPE

Cost

% HOPE Covered Award by HOPE Cost

% HOPE Covered Award by HOPE

Private (Not-for-Profit)(2) $20,126 $3,500

17% $481

n/a

0% $7,865 n/a

0% $1,258

n/a

0% $29,730 $3,500 12%

Private (For-Profit) (2) 14,300

3,500

24% 114

n/a

0% 5,069 n/a

0% 3,985

n/a

0% 23,467 3,500 15%

Research University

6,070

6,070 100% 1,509

744

49% 9,143 n/a

0% 987 300

30% 17,708 7,114 40%

Regional University

3,996

3,996 100% 1,677

612

36% 7,481 n/a

0% 1,200 300

25% 14,354 4,908

34%

State University

4,071

4,071 100% 1,229

449

37% 7,248 n/a

0% 1,313 300

23% 13,861 4,820 35%

State College

2,557

2,557 100% 620

155

25% 6,138 n/a

0% 1,144 300

26% 10,459 3,012 29%

2-Year College

2,298

2,298 100% 612

148

24% 6,811 n/a

0% 1,092 300

27% 10,813 2,746 25%

Technical College(3)

1,800

1,800 100% 245

94

38%

n/a n/a

0% 1,273 300

24% 3,318 2,194 66%

(1) Reported costs and awards are for an academic year (2 semesters or 3 quarters) for a full-time student. (2) Tuition and fees for private institutions were based on 2010-11 rates becaus e 2009-10 amounts were not readily available. Reported "mandatory fees" do not include admiss ion or orientation fees. (3) Technical colleges typically do not have on-campus hous ing and meal options. However, two colleges reported on-campus room and board cos ts: North Georgia Tech ($3,825 per year) and South Georgia Tech ($3,600 per year). Therefore, attendance costs for students attending these institutions will be higher than the average reported for all technical colleges. (4) Award amounts for private institutions represent the maximum HOPE-Private scholarship amount for full-time students in 2009-2010. Award amounts for public institutions are the average tuition cost for each institution type because HOPE-Public scholarship covers 100% of tuition costs. (5) Award amounts for mandatory fees represent the average fee award for each institution type. Mandatory fees are required regardles s of full- or part-time s tatus.

Sources: GSFC Data, Board of Regents Website, Technical College System of Georgia, Private Institutions' Websites, National Center for Education Statistics

23

HOPE Recipient Income Demographics

24

Appendix C: Significant Dates in the History of HOPE

Fiscal Year

Significant Programmatic Changes

1994
1995
1996 1997 1998 1999

Income cap of $66,000 for scholarship recipients Public scholarship limited to freshmen (1993 graduates) and sophomores pursuing degrees Scholarship award based on tuition onyl Pell offset - scholarship payments begin where Pell leaves off Private scholarship began as a "second-tier" Tuition Equalization Grant of $500/year Grant available for students pursuing diplomas or certificates - limited to two credentials Voucher of $500 for GED recipients pursuing higher education in Georgia
Income cap increased to $100,000 for scholarship Public scholarships for all classes pursuing degrees added juniors and seniors Scholarship award based on tuition only Added payment for mandatory fees and book allowance of $100/quarter or $150/semester of r full-time students (one-half for students taking fewer than 6 hours) Private scholarship amount increased to $1,000/Year
Income cap removed Added second chance to regain scholarship after sophomore year Non-traditional students scholarship-eligible after sophomore year Private scholarship increased to $1,500/year
Phase out second-tier Tuition Equalization Grant in favor of merit-based privatescholarship of $3,000/year beginning with class of 1996
Non-traditional students scholarship-eligible after freshman or sophomore year at public and private institutions Added second chance to regain scholarship after sophomore year for private college students
Scholarships for students graduated from home-school or non-accredited schools are retroactiveafter freshman year if, after the first 30 semester or 45 quarter hours, they earn a 3.0 GPA (at public and private colleges)

2001 2003 2004 2005 2007

Pell offset removed Limitations on use of the HOPE Grant are removed, including limits on the number of credentials and degreed students HOPE 2000 - Only core courses in high school used for calculating HOPE GPA for FY 2001 and later
Home-schooled students recognized by the Accrediting Commission for Independent Study (ACIS) aer eligible for HOPE as freshmen General Assembly establishes the "Improvement of the HOPE Scholarship Joint StudyCommission"
Recommendations of the Joint Study Commission are incorporated into HB 1325 HB 1325 institutes caps on paid hours, frozen fee payments, new GPA calculation, and "triggers"to reduce future benefits in the event of declining fund availability
Cap on hours implemented beginning with the summer of 2003 hours - cap is 95 quarter or 63 semester hours taken under the HOPE Grant and 127 semester hours or the equivalent under the combined HOPE Scholarship and Grant hours HOPE mandatory fee payments capped at January 2004 levels Students informed of the spring checkpoint eligibility after spring term of 2005 Accel Program added after the Postsecondary Options Program operated by GDOE was terminated
HOPE GPA for high school is calculated from transcript data for the first timeat GSFC as part of the Transcript Exchange (Trex) process in GAcollege411.org

2010 Private Scholarship award increased from $3,000 to $3,500 per year

Source: Georgia Student Finance Commission

For additional information or for copies of this report call 404-657-5220 or see our website: http://www.audits.ga.gov/rsaAudits

DEPARTMEONFTAUDITASND ACCOUNTS

270 Washington St. S.W. Suite 1-156

Atlanta, Georgia 30334

RUSSELWL. HINTON

STATE AUDITOR (404) 656-2174

March 8,2011

The Honorable Jack Hill, Chairman, Senate Appropriations Committee
Members of the General Assembly The Honorable Timothy A. Connell, President,
Georgia Student Finance Commission Members of the Georgia Student Finance Commission Board of Commissioners
Ladies and Gentlemen:
This report provides the results of our Special Examination of the Income Demographics of HOPE Participants. This examination was conducted at the request of the Senate Appropriations Committee under the authority of Georgia Code 50-6-4. A copy of this report is filed as a permanent record with the State Auditor and is available to the public.
We appreciate the cooperation and assistance provided by the Georgia Student Finance Commission and Georgia Department of Revenue during the examination.
Respectfully submitted,

~udselWl . Hinton State Auditor

Mission Statement The Department of Audits exists to provide decision-makers with credible management information to promote
improvements in accountability and stewardship in state and local government.