2010 AIKCU Annual Report to CPE
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Transcript of 2010 AIKCU Annual Report to CPE
2010 Annual Report to CPE The Association of Independent Kentucky Colleges & Universities
Gary S. Cox, Ph.DPresident
(502) [email protected]
http://aikcu.org
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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 (Est.)
5,8075,473
4,7084,296
4,0143,8203,5953,1572,7782,459
2,391
27,81726,671
25,70324,745
23,42623,08822,54122,37522,47422,30521,445
AIKCU Total Fall Enrollment, 2000-2010
Source: CPE Comprehensive Database
Undergraduate Graduate/Professional
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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
Bachelor Master/Specialist Doctoral/ProfessionalAssociate Certificate/Other
AIKCU Degree Production, 2000-2009
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4 years 5 years 6 years
46.7
39.9
21.3
48.3
44.2
34.3
AIKCU KY Public Universities
Percentage of first-time, full-time students who complete bachelor’s degrees in...
Source: IPEDS, 2001 first-time, full-time entering student cohort
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$0
$4,500
$9,000
$13,500
$18,000
$22,500
$27,000$26,273
$22,706
$18,055
Average Published Tuition and Fees at Four-Year, Nonprofit Private Colleges, 2009-10
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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Kentucky’s investment in AIKCU studentsis less than 4.5% of total state postsecondary spending
84.4%
11.2%
4.4%State postsecondary appropriation ($1.06 billion)
State financial aid to students in other sectors ($140.6 million)
State financial aid to AIKCU students
($54.9 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
Other4%
KEES28%
KTG51%
CAP17%($15.2 million)
($27.8 million)
($9.5 million)
($2.2 million)
Total Kentucky Postsecondary Spending (2008-09)
Kentucky’s Investment in AIKCU Students (2008-09)
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Potential annual cost to Commonwealth to educate a high need student
0
3,750
7,500
11,250
15,000
Public University AIKCU
2,500
2,500
2,964
1,900
1,900
6,400
State Appropriation CAP KTG KEES
(based on maximum potential aid awards)
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0
10
20
30
40
50
60
50.3
55.7
31.6
CAP KTG KEES
Percent of AIKCU Kentucky resident undergraduates participating in state aid programs
Source: Calculated using KHEAA student aid data, CPE Comprehensive Database Resident Enrollment
CAP = need-based; KTG = need-based, tuition equalization for independent college students; KEES = merit/incentive
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0
45
90
135
180
22515.710.7
28.2
158.0
Institutional Aid KTG CAP KEES
Total aid to AIKCU students ($ millions)
Source: KHEAA, IPEDS, CPE
Total AIKCU financial aid awards by source
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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
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Average loan debt of graduates upon graduation
0
4,000
8,000
12,000
16,000
20,000
16,87918,562
AIKCU Publics
Source: Project on Student Debt, http://projectonstudentdebt.org. 6/8 public universities and 16/20 AIKCU campuses represented
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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 billionTotal 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
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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
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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 AndersonLindsey Wilson College
Ultimately it’s about our 33,000 students.
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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 DukeMid-Continent University
Ultimately it’s about our 33,000 students.
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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 JohannemanKentucky Wesleyan College
Ultimately it’s about our 33,000 students.
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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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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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www.aikcu.org
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