Independent Kentucky Colleges and Universities

The Association of Independent Kentucky Colleges and Universities Partners for the Commonwealth Annual Report 2005 Contents 1 Letter from the President 2 Facts 4 Scholarship Partners 6 Financial Aid 8 Business Services 10 Teaching and Learning 12 Government Relations The Association of Independent Kentucky Colleges and Universities Letter from Alice Lloyd College Asbury College Bellarmine University the President Berea College Brescia University Campbellsville University Dear Friends of Independent Higher Education, Centre College The AIKCU mission is to promote the well-being of our members and support their efforts Georgetown College to deliver the highest quality postsecondary education services. A simple enough mission, Kentucky Christian University but implementation evolves continuously given changing student and societal expectations Kentucky Wesleyan College coupled with ever-present fiscal realities. This 2004-05 AIKCU Annual Report is designed Lindsey Wilson College to provide a brief but comprehensive overview of the last fiscal year’s activities and initiatives Midway College ending June 30. We have sought to provide balance between the facts and faces that tell our story and descriptions of our evolving activities in support of our members. Our goal is to Pikeville College give you a sense of how we are fulfilling our mission. Saint Catharine College Spalding University The information contained between these covers affirms the place of independent colleges Thomas More College and universities in the larger postsecondary education milieu. It depicts an independent Transylvania University collegiate sector that is a mosaic of productive and successful non-profit campuses striving to balance adherence to heritage while incorporating the latest learning strategies to effectively Union College and efficiently educate a diverse range of students. University of the Cumberlands This report highlights our efforts to meet traditional and changing expectations for the Association. Traditional ways we are meeting these include raising funds in the business community for student scholarships, advocating for student access to an independent college education through support for federal and state student financial aid and loan programs, and representing our members in the policy-making process so they have a reasonable chance to meet their own students’ and constituents’ expectations. This report provides a vehicle to show how we are meeting fresh opportunities and challenges. Sustaining the unique, bedrock qualities associated with independent higher education in a changing fiscal and competitive environment has provided new focus for our efforts. They are driven by the realization that rapid shifts in areas such as technology and modes of communication are offering new opportunities and unsettling challenges. Changing expectations also present new fiscal challenges to leaders that make extraordinary efforts to keep an independent college education affordable. There is a growing realization that our sector contributes substantially to meeting the public policy expectations of postsecondary education. Kentucky’s recently revised postsecondary education public agenda rightfully anticipates that we will continually contribute as positive partners in addressing the state’s educational needs. This report includes selected facts and figures that showcase our members’ contributions to the Commonwealth’s postsecondary expectations, such as our role in enrolling, educating and graduating students, especially in critically important academic disciplines. It shows how we are keeping our campuses affordable for students and families. It also contains information about collaborative member service initiatives developed to aid members meet their own traditional and emerging expectations. Thanks for your interest in and support of AIKCU and its members, Gary S. Cox , Ph.D. President Learn more—Visit AIKCU.org Independent Colleges and Universities are Affordable Tuition and fees at Kentucky’s independent colleges and universities are about Things you 1/3 lower than the national average for private four year institutions. • 2004-05 US average tuition and fees at private four year institutions was $20,045. Tuition and might not fees at Kentucky’s private colleges and universities was only $13,480 (Source: College Board, AIKCU) Thanks to grants and scholarships, most students at Kentucky private colleges know and universities pay much less than the low published tuition. • 97% of students at Kentucky’s private colleges and universities receive some form of financial (or expect) aid (Source: IPEDS, first-time, full-time students). • Independent colleges and universities are about Sources of aid to AIKCU students by the largest providers of financial aid to their average aid amount and source students. 88% of AIKCU’s entering freshmen 16000 Kentucky’s receive institutional aid (Source: IPEDS). 14000 Federal Aid (Pell 12000 Grants) 10000 • The majority of financial aid provided to AIKCU State Aid (Avg. 16000 independent 8000 awards for KTG, students, from campus resources and the Ken- KEES, CAP) 14000 Federal Aid (Pell 6000 Institutional Aid 12000 Grants) 4000 tucky Higher Education Assistance Authority 10000 2000 (KHEAA), is based on financial need. collegesState Aid (Avg.and 0 8000 awards for KTG, Average Aid Amount By Category 6000 KEES, CAP) Institutional Aid 4000 universities Sources: IPEDS, KHEAA, NAICU 2000 0 Average Aid Amount By Category Independent Colleges and Universities are Diverse Kentucky’s independent institutions provide students with high quality choices in postsecondary education. • AIKCU’s 19 institutions are diverse in mission, student population, and location. They range from small rural liberal arts colleges to comprehensive urban universities, from highly selec- tive to open admissions, and from almost exclusively residential campuses to campuses offering flexible course delivery through online and extended campus programs. This diversity allows students to find the environment where they have the most potential for academic success and 97% of can grow into leaders and strong citizens. AIKCU institutions effectively serve minorities and low income students. AIKCU • Nearly 8% of all AIKCU students are racial or ethnic minorities. 5.7% of AIKCU students are African-American (Source: IPEDS). • 47% of AIKCU students receive federal Pell Grants, which serve students from the lowest students income brackets. AIKCU institutions enroll low income students in the same proportions as four year public institutions receive 50 45 40 35 some form 30 AIKCU 25 Four Year Public 20 Universities 15 10 of financial 5 0 Source: Office of Student Percent of Students Receiving Pell Grants Financial Assistance, US Dept. of aid. Education. Analysis by NAICU. AIKCU institutions are meeting the needs of non-traditional students • 26% of AIKCU students are 25 or older (Source: IPEDS). They are being served in traditional campus settings and through accelerated degree completion programs, extended campus offer- ings, partnerships with community colleges, distance learning programs, and other innovative delivery methods. Learn more—Visit AIKCU.org AIKCU members enroll 11% AIKCU by the numbers: of higher education students in Kentucky, but produce 19 non-profit institutions high percentages of the state’s bachelor’s degrees in 95,000 alumni living fields critical to the growth in Kentucky of Kentucky’s knowledge economy in the global market: Over 5,000 employees • 23% Computer Science • 35% Economics 25,000 students • 32% Foreign Language • 34% Biology & Biochemical 18,000 in-state students Sciences • 33% Math • 30% Chemistry 11% of Kentucky’s • 34% Physics postsecondary Source: CPE Comprehensive Database, enrollment 2004 Completions Data 86% undergraduates Independent Colleges and Universities Complement 26% are 25 years old or older State-Funded Institutions to Benefit the Commonwealth In support of their broad public missions, Kentucky’s state-funded community colleges 8% minority and universities receive on average about $5600 per student in direct state financial support. AIKCU members, while not receiving similar state support, also meet state 78% attend full-time needs. Independent colleges and universities enroll about 11 percent of Kentucky’s postsecondary students and produce about 22 percent of bachelor’s degrees, including 165 undergraduate degree one-fourth of the nursing degrees, more than one-third of teachers, and high proportions of degrees important to developing Kentucky’s knowledge economy in the global market. programs Graduation rates by sector 60 More than 5000 degrees • Independent college and 50 university students are more awarded annually 40 AIKCU Students likely to graduate in four 30 Public University years. Less time spent as 22% of KY bachelor’s degrees 20 Students an undergraduate reduces the amount of tuition paid 10 1/3 of Kentucky teachers and can mean less forgone 0 income. Graduate in 4 Graduate in 5 Graduate in 6 1/4 of nursing degrees years years years Source: IPEDS • AIKCU members are building capacity in high demand areas — adding programs and facilities — in critical areas like nursing, allied health careers, special education, and the sciences. This growth, fueled by private contributions, allows the independent institutions to serve growing numbers of students and reduces the burden on the Commonwealth to invest in additional programs and facilities. • AIKCU members’ continued emphasis on liberal arts

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