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The Status of Kentucky's Independent (Nonprofit, Private) Colleges and Universities

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On November 10, 2010, AIKCU President Gary S. Cox briefed members of the Kentucky General Assembly's Interim Joint Subcommittee on Postsecondary Education on the status of independent (nonprofit, ...

On November 10, 2010, AIKCU President Gary S. Cox briefed members of the Kentucky General Assembly's Interim Joint Subcommittee on Postsecondary Education on the status of independent (nonprofit, private) postsecondary colleges and univrsities in Kentucky.

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    The Status of Kentucky's Independent (Nonprofit, Private) Colleges and Universities The Status of Kentucky's Independent (Nonprofit, Private) Colleges and Universities Presentation Transcript

    • A status report on Kentucky’sindependent colleges and universitiesNovember 8, 2010 Gary S. Cox, Ph.D President (502) 695-5007 gary@mail.aikcu.org http://aikcu.org
    • The 10th component of Kentucky’spostsecondary education system• 20 independent, nonprofit colleges and universities.• All accredited by the Southern Association of Colleges and Schools (SACS). Meet the same rigorous quality standards as KY’s public colleges and universities.• 33,000+ total students. 75% Kentucky residents.• Provide critical choices and access to postsecondary success. 70% of AIKCU students who graduate do so in 4 years.• Fully committed to goals of 1997 House Bill 1 and integrated in state postsecondary initiatives.
    • Diverse institutions... • From Pikeville to Mayfield, Northern to Southeastern Kentucky. Mix of traditional campuses, extended sites, KCTCS and business partnerships, and distance learning. • Admissions standards range from open admissions to highly selective. • Diverse learning environments: traditional residential campuses, distance learning, community-based programs, KCTCS partnerships, accelerated degree completion, graduate programs. • More than 6,000 total employees.
    • ...serving diverse students... • Geographic: 75% of the 33,000+ students are Kentucky residents. Students from all 120 counties, across US, 108 countries. • Age: 23% are adult students • Racial: 10% of students are minorities (7.5% African-American). Minority enrollments as high as 30% on some campuses. • Economic: 40% of undergraduates receive federal Pell grants.
    • ...and addressing diverse state needs • Enroll 20% of KCTCS transfers. • Produce 1/4 of new public school teachers annually. 1/3 of teachers have at least one credential from an AIKCU institution. • Produce 20% of Kentucky bachelor’s degrees in nursing. • Produce 20% of all KY STEM bachelor’s degrees (with no engineering programs) • AIKCU percentage of KY bachelor’s degrees in select STEM areas (2006-2008): 32% mathematics; 28% chemistry; 21% physics; 33% biology; 78% biochemistry
    • AIKCU Total Fall Enrollment, 2000-2010 5,807 5,473 4,708 4,296 4,014 27,817 3,820 26,671 3,595 25,703 2,778 3,157 2,459 24,745 2,391 23,426 22,541 23,088 22,305 22,474 22,37521,445 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 (Est.) Undergraduate Graduate/ProfessionalSource: CPE Comprehensive Database
    • AIKCU Degree Production, 2000-20097,0006,000 458 423 150 408 144 391 151 3785,000 385 88 131 1,444 1,354 346 107 333 1,314 468 93 103 1,010 1,168 336 8884,000 30 87 786 772 610 6223,0002,000 4,191 4,269 3,779 3,902 3,801 3,881 3,453 3,575 3,555 3,2711,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Bachelor Master/Specialist Doctoral/Professional Associate 39% increase in total annual degrees Source: CPE Comprehensive Database
    • Promote timely degree completion Fall 2002 Degree Seeking Freshmen605040302010 0 4 years 5 years 6 years AIKCU KY Public UniversitiesSource: IPEDS, 2002 first-time, full-time entering student cohort; 4 and 5 year data not available for 2 of the 20 AIKCU institutions
    • Average Published Tuition and Fees at Four-Year, Nonprofit Private Colleges, 2010-11 $28,000 $27,293 $23,601 $21,000 $20,079 $14,000 $7,000 $0 AIKCU Southern NationalSource: AIKCU average from internal survey. Southern and National averages from the College Board’s 2010 Trends in College Pricing (http://www.trends-collegeboard.com/college_pricing/)Notes: All figures are published tuition and fees. Few students actually pay this amount after financial aid awards. AIKCU average does not include BereaCollege, which charges no tuition.
    • $56.3 million total 2009-10 state aidto AIKCU students 30 28.2 24 18 15.7 12 10.7 6 0 1.7 CAP KTG KEES Other ($ millions) Source: KHEAA
    • Kentucky’s investment in AIKCU students is less than 5% of total postsecondary spending ($1.7 million) Other ($10.7 million) CAP ($15.7 million) 3.0% 83.5% KEES 19.0% State financial aidState postsecondary 4.7% to AIKCU students 27.9% funding* ($56.3 million) ($1.01 billion) 11.9% ($28.2 million) State financial aid to students in other sectors ($142.8 million) KTG 50.1% Kentucky’s Investment in AIKCU Total Kentucky Postsecondary Spending Students through state student aid (2009-10): $1.2 billion (2009-10): $56.3 millionSources:CPE - 2008-09 state appropriation budget data. Includes public institutions, CPE operations, adult education and special programsKHEAA - 2008-09 student financial aid data*State funding figure is net General Fund postsecondary appropriation after budget reduction and removal of hospital and debt service, but including federal ARRA funds
    • Percent of AIKCU Kentucky resident undergraduates participating in state aid programs60 55.750 50.34030 31.62010 0 CAP KTG KEESCAP = need-based; KTG = need-based, tuition equalization for independent college students; KEES = merit/incentiveSource: Calculated using KHEAA student aid data, CPE Comprehensive Database Resident Enrollment. 2008-09
    • Total AIKCU financial aid awards bysource, FY09 ($ millions) 250 9.5 15.2 200 27.8 32.3 150 100 158.0 50 0 Institutional Aid PELL KTG KEES CAP Source: KHEAA, IPEDS, CPE
    • Average AIKCU financial aid awards, by source20,000 Average 2009-10 AIKCU tuition/fees = $18,055 3,21116,000 1,60512,000 1,680 2,648 8,000 4,000 8,200 0 Average award Institutional Aid KTG CAP KEES Pell
    • Average loan debt of students who graduate withstudent loan debt AIKCU Publics 21,000 20,077 18,562 18,966 15,750 16,879 10,500 5,250 0 2008 2009Source: Project on Student Debt, http://projectonstudentdebt.org. 2008: 6/8 public universities and 16/20 AIKCU campusesrepresented. 2009: 8/8 public universities and 15/20 AIKCU campuses represented
    • Recent investments of $300 million*in new facilities (and growing) Campus improvements include recent or planned science or health science facilities at, clockwise: Spalding University, University of the Cumberlands, Pikeville College School of Osteopathic Medicine, Centre College (*$0 = Commonwealth funds invested)
    • Annual Economic Impact of Kentucky’s Independent Colleges and Universities = more than $1.48 billion Total economic impact (in millions), by spending category Direct Indirect 800 700 600 500 400 300 200 100 0 Institutional Expenditures Capital ExpendituresSource: Private Colleges, Public Benefits: The Economic and Community Impact of Kentucky’s Independent Colleges and Universities onthe Commonwealth of Kentucky. Human Capital Research Corporation, 2006.http://www.aikcu.org/wp-content/uploads/2007/08/Private%20Colleges,%20Public%20Benefits%20-%20AIKCU%2011-1-06.pdf
    • Questions?gary@mail.aikcu.org or 502.695.5007 www.aikcu.org