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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, private) postsecondary colleges and univrsities in Kentucky.

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

  1. 1. A status report on Kentucky’s independent colleges and universities November 8, 2010 Gary S. Cox, Ph.D President (502) 695-5007 gary@mail.aikcu.org http://aikcu.org
  2. 2. • 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. The 10th component of Kentucky’s postsecondary education system
  3. 3. 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.
  4. 4. ...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.
  5. 5. ...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
  6. 6. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 (Est.) 5,807 5,473 4,708 4,296 4,0143,820 3,595 3,1572,7782,459 2,391 27,817 26,671 25,703 24,745 23,42623,08822,54122,37522,47422,305 21,445 AIKCU Total Fall Enrollment, 2000-2010 Source: CPE Comprehensive Database Undergraduate Graduate/Professional
  7. 7. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 458 423 408 391 378 385 333346 336 468 150 144 151 13188 107 10393 87 30 1,444 1,354 1,314 1,1681,010 888 772786 622 610 4,2694,191 3,8813,8013,9023,7793,5553,575 3,2713,453 Bachelor Master/Specialist Doctoral/Professional Associate AIKCU Degree Production, 2000-2009 39% increase in total annual degrees Source: CPE Comprehensive Database
  8. 8. 0 10 20 30 40 50 60 4 years 5 years 6 years AIKCU KY Public Universities Promote timely degree completion Fall 2002 Degree Seeking Freshmen Source: IPEDS, 2002 first-time, full-time entering student cohort; 4 and 5 year data not available for 2 of the 20 AIKCU institutions
  9. 9. $0 $7,000 $14,000 $21,000 $28,000 $27,293 $23,601 $20,079 Average Published Tuition and Fees at Four-Year, Nonprofit Private Colleges, 2010-11 AIKCU Southern National Source: AIKCU average from internal survey. Southern and National averages from the College Board’s 2010Trends 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 Berea College, which charges no tuition.
  10. 10. 0 6 12 18 24 30 CAP KTG KEES Other 1.7 15.7 28.2 10.7 $56.3 million total 2009-10 state aid to AIKCU students ($ millions) Source: KHEAA
  11. 11. Kentucky’s investment in AIKCU students is less than 5% of total postsecondary spending 83.5% 11.9% 4.7%State postsecondary funding* ($1.01 billion) State financial aid to students in other sectors ($142.8 million) State financial aid to AIKCU students ($56.3 million) Sources: CPE - 2008-09 state appropriation budget data. Includes public institutions, CPE operations, adult education and special programs KHEAA - 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 Other 3.0% KEES 27.9% KTG 50.1% CAP 19.0% ($15.7 million) ($28.2 million) ($1.7 million) Total Kentucky Postsecondary Spending (2009-10): $1.2 billion Kentucky’s Investment in AIKCU Students through state student aid (2009-10): $56.3 million ($10.7 million)
  12. 12. 0 10 20 30 40 50 60 50.3 55.7 31.6 CAP KTG KEES Percent of AIKCU Kentucky resident undergraduates participating in state aid programs Source: Calculated using KHEAA student aid data, CPE Comprehensive Database Resident Enrollment. 2008-09 CAP = need-based; KTG = need-based, tuition equalization for independent college students; KEES = merit/incentive
  13. 13. 0 50 100 150 200 250 9.5 15.2 27.8 32.3 158.0 Institutional Aid PELL KTG KEES CAP Source: KHEAA, IPEDS, CPE Total AIKCU financial aid awards by source, FY09 ($ millions)
  14. 14. 0 4,000 8,000 12,000 16,000 20,000 Average award 3,211 1,605 1,680 2,648 8,200 Average AIKCU financial aid awards, by source Institutional Aid KTG CAP KEES Pell Average 2009-10 AIKCU tuition/fees = $18,055
  15. 15. Average loan debt of students who graduate with student loan debt 0 5,250 10,500 15,750 21,000 2008 2009 20,077 16,879 18,96618,562 AIKCU Publics Source: Project on Student Debt, http://projectonstudentdebt.org. 2008: 6/8 public universities and 16/20 AIKCU campuses represented. 2009: 8/8 public universities and 15/20 AIKCU campuses represented
  16. 16. Recent investments of $300 million* in new facilities (and growing) (*$0 = Commonwealth funds invested) 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
  17. 17. 0 100 200 300 400 500 600 700 800 Institutional Expenditures Capital Expenditures Direct Indirect Annual Economic Impact of Kentucky’s Independent Colleges and Universities = more than $1.48 billion Total economic impact (in millions), by spending category Source: Private Colleges, Public Benefits: The Economic and Community Impact of Kentucky’s Independent Colleges and Universities on the 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
  18. 18. www.aikcu.org Questions? gary@mail.aikcu.org or 502.695.5007
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