The annual report of the Association of Independent Kentucky Colleges and Universities to the Kentucky Council on Postsecondary Education. Presented at the September 12, 2010 CPE meeting at Northern Kentucky University.
1. 2010 Annual Report to CPE
The Association of Independent Kentucky
Colleges & Universities
Gary S. Cox, Ph.D
President
(502) 695-5007
gary@mail.aikcu.org
http://aikcu.org
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4. Percentage of first-time, full-time students who
complete bachelor’s degrees in...
48.3
46.7
44.2
39.9
34.3
21.3
4 years 5 years 6 years
AIKCU KY Public Universities
Source: IPEDS, 2001 first-time, full-time entering student cohort
4
5. Average Published Tuition and Fees at Four-Year,
Nonprofit Private Colleges, 2009-10
$27,000
$26,273
$22,500 $22,706
$18,000
$18,055
$13,500
$9,000
$4,500
$0
AIKCU Southern National
Source: AIKCU average from internal survey. Southern and National averages from the College Board’s 2009 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. If Berea College is excluded from
calculation, AIKCU average = $18,959.
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6. Kentucky’s investment in AIKCU students
is less than 4.5% of total state postsecondary spending
($2.2 million)
($9.5 million)
Other
CAP
($15.2 million) 4%
17%
84.4% State financial aid KEES
to AIKCU students
State postsecondary 4.4% ($54.9 million) 28%
appropriation
($1.06 billion)
11.2% ($27.8 million)
State financial aid to students in
other sectors ($140.6 million) KTG
51%
Total Kentucky Postsecondary Spending Kentucky’s Investment in AIKCU Students
(2008-09) (2008-09)
Sources:
CPE - 2008-09 state appropriation budget data. Includes public institutions, CPE operations, adult education and special programs
KHEAA - 2008-09 student financial aid data
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7. Potential annual cost to Commonwealth to
educate a high need student
(based on maximum potential aid awards)
15,000
11,250
2,500
7,500 1,900
2,500
3,750 2,964
6,400
1,900
0
Public University AIKCU
State Appropriation CAP KTG KEES
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8. Percent of AIKCU Kentucky resident
undergraduates participating in state aid programs
60
55.7
50 50.3
40
30 31.6
20
10
0
CAP KTG KEES
CAP = need-based; KTG = need-based, tuition equalization for independent college students; KEES = merit/incentive
Source: Calculated using KHEAA student aid data, CPE Comprehensive Database Resident Enrollment
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9. Total AIKCU financial aid awards by source
225
15.7
10.7
180
28.2
135
90
158.0
45
0
Total aid to AIKCU students ($ millions)
Institutional Aid KTG CAP KEES
Source: KHEAA, IPEDS, CPE
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10. Average AIKCU financial aid awards, by source
20,000
Average 2009-10 AIKCU
tuition/fees = $18,055
3,211
16,000
1,605
12,000 1,680
2,648
8,000
4,000 8,200
0
Average award
Institutional Aid KTG CAP KEES Pell
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11. Average loan debt of graduates upon graduation
20,000
18,562
16,000 16,879
12,000
8,000
4,000
0
AIKCU Publics
Source: Project on Student Debt, http://projectonstudentdebt.org. 6/8 public universities and 16/20 AIKCU campuses represented
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12. 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 Expenditures
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
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13. 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)
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14. Ultimately it’s about our 33,000 students.
First-generation student goes from
Columbia to Japan (through CPE)
“At first, I didn’t know what I wanted to do when I got to
college and it wasn’t easy for me. But I eventually discovered
what I wanted to do in life.”
Amy Anderson
Lindsey Wilson College
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15. Ultimately it’s about our 33,000 students.
Downsized worker becomes a role model
for his children, other adult students
“I could not expect [my children] to understand the vast importance
of completing their education if I did not show them myself.”
Monty Duke
Mid-Continent University
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16. Ultimately it’s about our 33,000 students.
Faculty mentor helps student land
cancer research job at graduation
“My professors were interested in me personally....KWC faculty
focuses on individual students and their learning experience.”
Andrew Johanneman
Kentucky Wesleyan College
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17. Summarizing the current situation:
•AIKCU colleges and universities continue to innovate
and succeed, in spite of difficult economic times.
•The positive support CPE and its staff provides to
independent colleges continues to pay dividends for the
Commonwealth.
•The return of the state’s limited investment in student
financial aid is significant and provides access and
opportunity for Kentuckians choosing to enroll at public
or independent colleges and universities.
•CPE’s commitment to assuring that all colleges and
universities meet the same quality standards protects
students’ and the Commonwealth’s investment.
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18. Enhancing the contribution of the
independent sector:
•Identify additional funding sources to support an
adequately funded student financial aid program.
•Take greater advantage of opportunities to leverage the
private sector’s strengths, especially its facilities and
personnel.
• Encourage state policymakers to develop policies that
mutually benefit public and independent sectors.
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