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Michael Harris Leading Innovation, Indiana Chamber, page 24 bv Mar-April 2012, Michael Harris IU Kokomo Vision and Leadership, IU Kokomo: Rewarding Effort Students Keeping Pace Get Price Break, Biz Voice Magazine, Indiana Chamber, Mar-Apri, 2012, Page 24

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Indiana Chamber, page 24 bv Mar-April 2012, Michael Harris IU Kokomo Vision and Leadership, IU Kokomo: Rewarding Effort Students Keeping Pace Get Price Break, Biz Voice Magazine, Indiana Chamber, Mar-Apri, 2012, Page 24

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Michael Harris Leading Innovation, Indiana Chamber, page 24 bv Mar-April 2012, Michael Harris IU Kokomo Vision and Leadership, IU Kokomo: Rewarding Effort Students Keeping Pace Get Price Break, Biz Voice Magazine, Indiana Chamber, Mar-Apri, 2012, Page 24

  1. 1. Page 24 - BV_Mar-April 2012 Page 24 - BV_Mar-April 2012 Table of Contents Basic HTML Version View Full Version IU Kokomo: Rewarding Effo Students Keeping Pace Get Price Bre By Rebecca Patrick “W e’re not going to accept the status quo. We have to incr degree attainment – and doing so in a timely manner,” decl Michael Harris, Ph. D., chancellor at Indiana Univers Kokomo. Since the IU alum joined the regional campus in 20 after spending 20 years at various Michigan colleges, Harris been on a mission to create and promote “innovative, entrepreneurial and cutting programs” to help achieve that ultimate goal of more students graduating within four y A self-pronounced agent of change – which you can also glean from his body of w Harris appointed a task force early on in his tenure a challenged its members to come up with the boldes ideas to spur student learning and graduati Out of that exercise, Harris and the task fo conceived the Student Success Tuition Discount initiat which is in its pilot phase during the 2011-2012 scho year. The goal is to explore whether a financial incen will motivate students to complete college in four yea And the university is dangling quite the carrot befo students’ eyes age 23 Chancellor Michael Harr believes efforts in Kokomo “fit well with the vision (IU) Presid McRobbie wants to do for th regional campuses; that visio was a great attraction for m to come here.” That program centers on three successive yea incremental discounted tuition after the freshman yea completed. The price break is 20% off of tuition and fe in the sophomore year, 30% in the junior year an finally, 40% the senior yea “We’ve done calculations – based on assumptions that may or may not happen increasing tuition rates by 3.5% during the next three years (see chart be Year 2011-12 2012-13 2013-14 2014-15 Base Academic Level Tuition/Fe Freshman $6,323 Sophomore $6,545 Junior $6,774 Senior $7,010 Discoun $0 $1,309 $2,032 $2,804 Actua Tuition/Fee $6,323 $5,236 $4,742 $4,206 Discoun 0% 20% 30% 40% “From that, the sum effect of the tuition discount is that it’s really equivalent to a full ye tuition,” Harris establishes. “In other words, you can graduate from Indiana University Kok in four years and pay tuition for really only three yea “Our hypothesis is this kind of incentive will influence students to complete th baccalaureate degree in four years – and to not drag it on,” he rea In particular, Harris believes it could have an impact on the campus’ many working students. “If you can convince those students that by studying hard and working less, they will actually save – save a year’s worth of tuition and a whole year’s cost of living, including an apa plus the loss of professional work. Before, maybe they would never finish on time or finis all), but this could encourage them to do it,” he sugge For the students in the pilot (just under 40 of them), the discounts start at the beginnin the 2012-2013 school year. These individuals are first-time college attendees, fresh out o school; this population is the target for the initiativ For this launch, the school “brought in a very diverse and representative group to see how the program impacts all (types of) students, and it gives all students an opportunity,” Harris n “We track them very closely. We work with them very closely. We have advisors and so on.” http://www.bizvoicemagazine.com/media/interactive-ed/BV_Mar-April-2012/files/assets/seo/page26.html[2/11/2014 10:52:38 PM] Page 25
  2. 2. Page 24 - BV_Mar-April 2012 24 BizVoice /Indiana Chamber March/April 2012 Home Page http://www.bizvoicemagazine.com/media/interactive-ed/BV_Mar-April-2012/files/assets/seo/page26.html[2/11/2014 10:52:38 PM]

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