AIKCU report to the Council on Postsecondary Education, June 2011

Institutional
Progress
Update 2010
Presentation to the Council on Postsecondary Education
By Gary S. Cox, PhD, President
Association of Independent Kentucky Colleges & Universities
June 10, 2011

KRS 164:020
[The Council on Postsecondary Education shall]
(13)Ensure that the state postsecondary system does not unnecessarily duplicate services and programs provided by private postsecondary institutions and shall promote maximum cooperation between the state postsecondary system and private postsecondary institutions. Receive and consider an annual report prepared by the Association of Independent Kentucky Colleges and Universities stating the condition of independent institutions, listing opportunities for more collaboration between the state and independent institutions and other information as appropriate; (Emphasis added).

AIKCU PROFILE
20 nonprofit, 4-year private colleges and universities
Accredited by SACS and licensed by CPE
34,000+ total enrollment; 75% Kentucky residents
<5% of state higher education spending – all directly to students in the form of financial aid
Voluntarily integrated in CPE data collection, Strategic Agenda and goal setting
AIKCU

20 institutions throughout Kentucky
Diverse locations, missions, and entrance requirements promote choice, opportunity, and access for students

2011-15 STRATEGIC AGENDAFour Focus Areas
COLLEGE READINESS
STUDENT SUCCESS
RESEARCH, ECONOMIC, & COMMUNITY DEVELOPMENT
EFFICIENCY & INNOVATION
AIKCU

COLLEGE READINESS
New Metric-New Teacher Excellence: Three-year smoothed average percent of teaching program graduates who score in the top 15 percent nationally on the Praxis II Principles of Learning and Teaching exit exams at all grade levels (ETS Recognition of Excellence Award).
AIKCU

STUDENT SUCCESS
New Metric-Direct Net Cost: For low-income, in-state students, the cost of tuition, fees and books after all grants and scholarships received. Negative amounts reflect grant money available to pay indirect costs such as room and board.
*Academic year 2008-09.
AIKCU

AIKCU Total Degrees Awarded by Level
AIKCU awarded 21% of all bachelor’s degrees and 23% of Master’s/Specialists degrees in 2009/10
AIKCU

STUDENT SUCCESS
AIKCU 4-Yr Graduation Rate (2008-09) = 39%
AIKCU

2010-11 average tuition =$19,076
30% less than national, 20% less than Southern private college averages
Average tuition increase, 2010-11 to 2011-12: 4.9%
9 campuses report increases to 2011-12 financial aid budgets of 5-16.5%, average of 9% increase
Campuses annually provide more than $190 million in institutional aid (2009), the majority of it need-based
Average tuition discount (2009): 38%
Committed to affordability, value
AIKCU

Financial aid to AIKCU students by source (2008-09)
Source: IPEDS, KHEAA, NAICU
AIKCU

Percent of dependent aid applicants from families earning less than $30,000
Source: The Institute for College Access & Success, College InSight, http://www.college-insight.org
AIKCU

High percentages of Pell grants at AIKCU institutions (2009-10)
Source: Fall 2009 Enrollment Data from CPE; 2010 NAICU Student Aid Reports.
AIKCU

KHEAA aid to AIKCU students, 2009-10
10,653
$10.7
Total KHEAA distributed aid to 14,600 (unduplicated) AIKCU students was $56.27 million.
AIKCU

Courtesy of KHEAA:
CAP Grant/KTG FY 2010 Disbursements and Unfunded Potential Awards*
57,689 Students
35,460Students
12,608Students
5,632 Students
* Unfunded Potential Awards represents the number of otherwise eligible applicants denied awards due to exhaustion of funds reduced by the likely utilization of the awards.
AIKCU

Federal financial aid reductions may impact thousands of Kentuckians
114,000 Kentuckians received $408 million in Pell in 2009-10
12,000 AIKCU students received $47.4 million
CAP lost $940,000 in federal funding for 11-12 with elimination of LEAP/SLEAP program
Potential Federal PELL cuts could further impact CAP recipients.
Decrease in maximum award
Stricter eligibility requirements (decrease in EFC threshold)
Source: KHEAA, NAICU
AIKCU

RESEARCH, ECONOMIC, & COMMUNITY DEVELOPMENT
AIKCU

EFFICIENCY AND INNOVATION
New Metric-Credits Earned by Degree Graduates: Mean number of credits that students earned at the time of graduation, including credit transferred in to the degree-granting institution and developmental/remedial coursework.
New Metric-Online Learning: Of all courses completed in the academic year, the percentage of credit hours completed which were delivered through distance learning.
AIKCU

WHAT NEXT?
Continue to find ways to maximize efficiency: AIKCU students receive less than 5% of all Kentucky spending on postsecondary education, all in student financial aid
Stand for students: Challenges ahead for state and federal financial aid systems
AIKCU committed to Stronger by Degrees, working with CPE staff to set sector targets
Ways to support AIKCU’s significant contributions to achieving statewide targets?
AIKCU

AIKCU report to the Council on Postsecondary Education, June 2011

by Association of Independent Kentucky Colleges and Universities

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AIKCU report to the Council on Postsecondary Education, June 2011 Presentation Transcript

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