Overview of Independent Higher Education

Governor’s Higher Education Task Force June 8, 2006

Who is SCICU ?

Founded 1953 as a non-profit organization

Primary purpose of promoting independent higher education

60 Member board consisting of business and community leaders from across the state

Fundraising / Lobbying / Program Administration / Collaborative Activities

SCICU Member Institutions

The institutions that participate in the SC Tuition Grants Program are SCICU members

Non-Members:– Bob Jones University– Non-Accredited Institutions– Proprietary/For Profit Institutions

Important Quick Facts• 20 Diverse institutions including two women’s colleges,

five historically black colleges and universities, and one two-year school

• Enrollment of nearly 33,000 students annually • Over 5,000 faculty and staff• Expenditures of over $500 million annually – directly

influencing the state’s economy• Award nearly 26% of the state’s four-year degrees.• SCICU average graduation rates of 50% (six-year)• Several of South Carolina’s independent schools are

ranked among the top liberal arts colleges in the Southeast • A wide variety of traditional degree programs, as well as

accelerated and evening college programs for adults

Percentage of South Carolina's Baccalaureate Degrees by Discipline

31%

26%

23%23%

0%

5%

10%

15%

20%

25%

30%

35%

Business Mgmt. &Adminstration

Education Social Sciences Biological andBiomedical

Discipline

Perc

ent

What are the Core Educational Values?

• Liberal Arts Tradition • Focus on Quality Teaching• Small Classes• Commitment to Community Service/Civic

Engagement• Partners in Regional Development• Emphasis on Student Participation• Individual Attention/Mentoring• Preparation for Life and Work

Enrollment StatisticsSCICU Member Institutions

74% are from South Carolina

90% are full-time students

61% are female

85% receive financial aid

42% are minorities

Ten Year Enrollment Trend SCICU's Twenty Member Institutions

(Opening Undergraduate/Graduate/Professional Headcount)

23292 2365824889

2565527272 27414

2936330621

3166133015 32705

0

5000

10000

15000

20000

25000

30000

35000

Fall 1995 Fall 1996 Fall 1997 Fall 1998 Fall 1999 Fall 2000 Fall 2001 Fall 2002 Fall 2003 Fall 2004 Fall 2005

Fall 2005 Opening Headcount Enrollment SC Independent Colleges and Universities, Inc.

(Undergraduate, Graduate, & Professional)

624 709 745 841 863 890 1013 1102 1196 11971493

1644 1728 1844

2171

2552 2632

30223218 3221

0

500

1000

1500

2000

2500

3000

3500

Allen U

niversi

ty

Voorh

ees C

olleg

e

Sparta

nburg

Method

ist C

olleg

e

Newbe

rry C

ollege

Morris

Coll

ege

Erskine C

olleg

e

CIUCok

er Coll

ege

Presby

terian

Coll

ege

Woff

ord C

olleg

e

Columbia

College

Anders

on U

nivers

ity

Claflin

Unive

rsity

North G

reenvil

le Univ

ersity

Conve

rse C

olleg

e

Bened

ict Coll

ege

Southern

Wesl

eyan Unive

rsity

Charle

ston So

uthern U

nivers

ity

Limest

one C

ollege

Furman

Univ

ersity

How much does it cost to attend an SCICU College or

University?

SCICU Average Tuition and Fees for 2004-05 was $14,698 not including room, board, and books.

SCICU Tuition and Fees Range: $7,276 - $24,408.

SCICU Tuition and Fees for 2004-05 was 27% less than the national average for independent colleges and 15% less than the regional average.

Average Tuition and Fees at 4-Year Independent Colleges and Universities

$7,972 $8,440 $8,935 $9,467 $9,967 $10,561 $11,093 $11,682$12,292

$13,022$13,888

$9,525 $10,102 $10,472$11,320

$12,029 $12,636

$14,791$15,753 $16,330

$11,007$11,719 $12,216

$12,994$13,785

$14,709$15,518

$16,223$17,123

$18,237$18,950

$2,317$2,329$2,329$2,309$2,075$1,982$2,005 $2,238 $2,150 $2,281$2,113$2,456

$14,698

$17,317

$13,187$13,912

$20,082

$-

$5,000

$10,000

$15,000

$20,000

$25,000

1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-2000

2000-2001

2001-2002

2002-2003

2003-2004

2004-2005

Average SC Tuition Grant SCICU Independent CollegesSoutheast Independent Colleges National Independent Colleges

Making Ends Meet:Financial Aid for SCICU Students

• 85% of full-time students receive financial aid• 44% of all student financial aid is funded through federal

sources• 33% of all student financial aid comes from institutional

funded assistance• Total SCICU institutional funded aid awarded in 2004-05

was $118,491,639 • 17% of all student financial aid (merit, teacher loans,

need-based) comes from the state • Average SCICU student financial aid package was 36%

loans and 64% gift aid

Student Financial Aid SourcesSCICU's 20 Member Institutions

2004-05

$157,184,070

$59,718,888

$118,491,639

$19,887,500

$-

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

$160,000,000

$180,000,000

Federal State Institutional Other

Sources of Financial Aid

Dol

lars

Student Financial Aid SourcesSCICU's 20 Member Institutions

2004-05

Federal44%

Other6%

Institutional 33%

State17%

SCICU State Student AssistanceMerit and Need-Based Aid2004-05 Academic Year

27,423,96312,025SC Tuition Grant

615,913385Lottery Tuition Assistance

1,446,238618HOPE22,089,0944,689LIFE

$5,539,035841Palmetto Fellows

DollarsProgramNumber

of Recipients

Reaching Out to Lower Income Students and Non-Traditional Students

• Over 45% of SC Tuition Grants recipients are minorities

• The average total family income for SC Tuition Grant recipients is $40,014.

• The average age for SC Tuition recipients is 24 years.

Higher Education General and Lottery Fund Appropriations Compared to State Total

FY 2000-01 FY 2005-06

General & Lottery Fund Revenue by Agency/Activity

Dollars% of State Total

Dollars % of State Total

Public Colleges & Universities Education Appropriatons $762,812,295 14.3% $632,279,416 10.7%

Below-the-Line Appropriations $4,338,102 0.1% $5,238,357 0.1%AHEC $18,394,116 0.3% $14,837,872 0.3%Commission on Higher Education CHE Administration $2,140,231 0.0% $2,376,261 0.0% Service Programs,Cutting Edge 1 $1,512,536 0.0% $4,254,526 0.1% Other Special Flow-Through Items 2 $9,526,282 0.2% $6,973,512 0.1%State Tech Board State Level Programs $4,254,885 0.1% $9,721,113 0.2% State Board Administration $8,063,425 0.2% $7,280,020 0.1% Economic Development (C.A.T.T.) $28,009,159 0.5% $18,081,855 0.3%Tuition Grant Commission $21,566,449 0.4% $23,673,295 0.4%Undergraduate Scholarships 1 $27,291,300 0.5% $231,065,443 3.9%

Estimated portion for Public Institutions $21,722,979 0.4% $192,708,579 3.3%Estimated portion for Independent Colleges $5,568,321 0.1% $38,356,864 0.6%

Other Higher Educ. Lottery Programs 2 n/a $50,900,000 0.9%

Higher Education Total $887,908,780 16.7% $1,006,681,670 17.0%

Total State FundsState General Fund Appropriations $5,316,901,837 100.0% $5,617,388,060 95.1%State Lottery Fund Appropriations n/a $289,000,000 4.9%

Total State General & Lottery Funds $5,316,901,837 100.0% $5,906,388,060 100.0%

2) Includes in FY06: National Guard Repayment Program, Higher Education Excellence Enhancement Program, Endowed Chairs, Technology Grants, and SC State.

Source: SC Higher Education Statistical Abstract, 2005 and State Appropriation Acts FY01 and FY06. Appropriated funds and pay/health plan increases are included. Pay/Health plan is not included for Tuition Grants

1) Undergraduate Scholarship Appropriations include state general funds and state lottery funds for Palmetto Fellows, LIFE, HOPE, Lottery Tuition Assistance and Need-based Grants. Public and Independent portion is estimated based on annual award data. Barnwell Revenues of $24,000,000 in FY01 and $3,165,892 in FY06 that support the Education Endowment funds that apply toward Palmetto Fellows and Need-based Grants, are not included.

Institution Institution OperatingOperating

Student Student AidAid

What is Our Investment?State Spending on Higher Education

2005-06 ($1,006,681,670)

SC Tuition Grants Program, 2%

USC - Columbia, 16%

Other State Financial Assistance

Programs, 19%Other Higher Education

Funding, 50%

Clemson, 9%

Other Independent Student State Assistance, 4%

What is Our Return?

• 20 Institutions Providing Increased Access

• Economic Impact of $750 million

• Graduation Rates of 50% -six year

• Annual Degree Production of over 4,500

Accountable? Absolutely!

• Institutional compliance with Program Guidelines– SACS and other accreditations– Federal and state agencies– Fiscal audits

• Students’ compliance with Program Guidelines– Academic Requirements– Time Limitations

• SC Tuition Grant Agency compliance

Bachelor Degrees Granted in South Carolina 2004-2005

4975

3260 3005

7349

678

0

1000

2000

3000

4000

5000

6000

7000

8000

SCICU's Member PrivateInstitutions

Non-Member PrivateInstitutions

University of SouthCarolina-Columbia

Clemson University South Carolina's OtherPublic

Colleges/Universities

The Public Benefit of Independent Colleges & Universities

• A Complimentary Higher Education Community• Expanding choices for higher education while saving millions in

state tax dollars• Turning out first-class college graduates on time• Strengthening our state economy and our future tax base