Kentucky's Independent Colleges & Universities: An Overview

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Originally assembled for a presentation to Kentucky Governor Steve Beshear, these slides provide a basic overview of independent higher education at Kentucky's small, private colleges and universities.

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Kentucky's Independent Colleges & Universities: An Overview

  1. 1. Kentucky’s Independent Colleges and Universities The Association of Independent Kentucky Colleges and Universities Gary S. Cox, Ph.D President (502) 695-5007 gary@mail.aikcu.org http://aikcu.org
  2. 2. Kentucky’s 20 independent colleges and universities: The 10th component of Kentucky’s postsecondary education system • 20 independent 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. • 30,000+ total students. 75% Kentucky residents. • Diverse campuses, missions and student bodies. Provide critical choices and access to postsecondary opportunities. Locations from Pikeville to Mayfield and beyond via traditional campuses, extended sites, KCTCS and business partnerships, distance learning, and study abroad. • Committed to Double the Numbers with sector-wide 2020 goals. Only independent college association in the country formally committed to statewide postsecondary plan. • Regional and local stewards.
  3. 3. 20 nonprofit, independent colleges and universities
  4. 4. Committed to affordability • Average tuitions 1/3 less than national private college average and 1/4 less than Southern average. 2008-09 average tuition and fees = $17,256. • Average annual tuition increases historically between 6-7%. (2009-10 tuition rates are still being announced, but average increase is under 5%.) • Working aggressively to control costs through partnerships, greater efficiencies, and innovations. • Serving high need students. 40% of undergraduates qualify for Pell Grants. • Three-legged student financial aid partnership (State Aid + Federal Aid + Institutional/Private Aid) is working. Institutions are largest source of aid for students, at about $3 for every $1 provided by Kentucky. • Timely graduation means quicker entry into workforce or graduate/ professional school; fewer tuition payments and less foregone income. • Relatively low average debt at graduation.
  5. 5. Collaborating for cost containment • Several campuses participating in AIKCU Benefit Trust, self-funded health insurance program. • AIKCU has developed nearly 30 active business partnerships to help hold down costs for campuses - in everything from technology to office products to recycling services to instructional resources.
  6. 6. Kentucky’s investment in AIKCU students is less than 4% of total state postsecondary spending 3.9% 9.4% AIKCU student aid All other student aid Other postsecondary spending 86.6%
  7. 7. Serve diverse students • 30,000+ total students. 75% Kentucky residents. Students from all 120 KY counties, most states, 108 countries. • 1 in 5 is an adult, or non-traditional student • Almost 9% are minorities (6.4% African-American) - essentially the same as KY publics • 40% receive federal Pell grants • 31% receive CAP • 58% receive KTG • 51% receive KEES
  8. 8. Kentucky’s investment in financial aid to AIKCU students, 2007-08 Maximum Average Total AIKCU Total AIKCU Program Award Eligibility Purpose AIKCU Awards Receipts (08-09) Award • Financial need; tied to College Access Pell Grant eligibility $1900 • Assist low income students 5,611 $9,221,125 $1,643 Program (CAP) • At least half-time student • Assist low/moderate income students attending independent colleges Kentucky Tuition • Financial need • Recognize cost-effective role $3000 • Full-time independent independent colleges play in 10,540 $27,959,310 $2,653 Grant (KTG) college student educating Kentucky students by providing up to 1/2 of per-student subsidy received by public institutions Kentucky • Graduate of KY HS or Educational GED program • HS GPA of 2.5 or • Reward academic achievement Excellence $2500 better • Retain Kentuckyʼs best students 9,370 $15,109,502 $1,613 Scholarship • ACT score of 15 or (KEES) better Source: KHEAA, 12-08
  9. 9. State financial aid to independent college students, 1998-2008 State financial aid to AIKCU students through Kentucky’s “big three” aid programs (CAP, KTG, and KEES) totaled $52.3 million in 2007-08, up from $11.9 million in 1997-98. $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 KTG CAP KEES Source: KHEAA
  10. 10. AIKCU institutions are the largest source of aid for their students. Campuses provide about $3 in aid for every $1 provided by the state. Federal Aid State Aid Institutional Aid
  11. 11. Average Debt of Graduates, 2007 $17,000 $12,750 $8,500 $16,663 $16,963 $4,250 $0 AIKCU Public Universities Source: ProjectOnStudentDebt.org. Debt data as reported by campuses to Peterson’s Undergraduate Financial Aid and Undergraduate Databases. 17 of 20 AIKCU campuses and 7 of 8 Kentucky public university campuses reporting data.
  12. 12. Return on Kentucky’s Investment • 22% of Kentucky’s bachelor’s degrees. • Campuses provide more than $1.1 billion in educational facilities. • 100,000 alumni in Kentucky generate $4 billion in annual earnings and $416 million in state tax revenues. • Combined total annual economic impact of more than $1.4 billion. Responsible for creating more than 12,000 jobs in Kentucky.
  13. 13. Independent colleges promote timely graduation Percent of first-time, full-time students who graduate in... 50 48.6 46.8 46.6 40 40.3 35.7 30 20 21.5 10 0 4 years 5 years 6 years AIKCU KY Public Universities Source: IPEDS, Fall 2000 GRS Revised Cohort of first-time, full-time bachelor’s degree seeking students
  14. 14. AIKCU Total Headcount Fall Enrollment, 1999-2007 30,000 4,296 3,820 4,014 3,595 2,778 3,157 2,459 24,745 22,500 2,226 2,391 22,305 22,474 22,375 22,556 23,088 23,426 20,980 21,445 15,000 7,500 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 Undergraduate Graduate/Professional Source: CPE Comprehensive Database
  15. 15. AIKCU Bachelor’s Degrees, 2000-2008 4,200 4,191 3,902 3,881 3,779 3,801 3,575 3,555 3,453 3,150 3,271 2,100 1,050 0 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 AIKCU enrolls about 19% of KY’s bachelor’s degree seeking students and produces 22% of bachelor’s degrees. Source: CPE Comprehensive Database
  16. 16. Growth in transfer from KCTCS to AIKCU 1,100 1,093 926 938 825 550 583 514 402 358 351 365 275 0 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 Source: CPE Comprehensive Database
  17. 17. Transfer to AIKCU institutions as percentage of total KCTCS transfers 30.0 25.6 22.5 20.9 20.9 15.0 13.3 13.9 10.3 10.1 10.6 9.4 7.5 0 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 Source: CPE Comprehensive Database

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