Vermont State Colleges System Performance Indicators

For the benefit of Vermont CASTLETON UNIVERSITY CASTLETON VERMONT OF COLLEGE COMMUNITY COLLEGE STATE JOHNSON COLLEGE STATE LYNDON TECHNICAL COLLEGE VERMONT 2015-2016 Vermont State Colleges System Performance Indicators Executive Summary The Office of the Chancellor Comprehensive data and statistical report available at www.vsc.edu/data The VSCS has adopted six strategic priorities to support its mission: 1. Increase the continuation rate of high school students on to postsecondary education. 2. Improve the retention and graduation rates at our colleges. 3. Become a more attractive destination for Vermont high school graduates. 4. Serve well more working age Vermonters. 5. Operate as a more integrated system to expand student opportunities and achieve operational efficiencies. 6. Increase state financial support and other supplemental revenues. Mission of the Vermont State Colleges System For the benefit of Vermont, the Vermont State Colleges System provides affordable, high quality, student-centered, and accessible education, fully integrating professional, liberal, and career study, consistent with student aspirations and regional and state needs. This integrated education, in conjunction with experiential learning opportunities, assures that graduates of VSCS programs will: 1. Demonstrate competence in communication, research and critical thinking; 2. Practice creative problem-solving both individually and collaboratively; 3. Be engaged, effective, and responsible citizens; 4. Bring to the workplace appropriate skills and an appreciation of work quality and ethics; 5. Embrace the necessity and joy of lifelong learning for personal and professional growth. The Vermont State Colleges System provides continuing educational opportunities for individuals to meet their specific goals. Page 2 COMPLETE REPORT AVAILABLE AT WWW.VSC.EDU/DATA TaBlE OF COnTEnTS 2 Six Strategic Priorities and VSCS Mission 4 Overview 6 Enrollment 9 Revenues and Expenses 11 Outcomes 13 affordability VSCS PERFORMANCE INDICATORS 2015-2016 Page 3 EXECUTIVE SUMMARY Overview The Vermont State Colleges System is the extension of Vermont’s public education system into the postsecondary years. We enroll more Vermonters than all of the other Vermont colleges and universities combined; our colleges are where most Vermonters go to earn degrees and credentials of value in this state. In a time when employers need more qualified workers in order to stay in Vermont or to expand, we enroll over 10,000 Vermont students, a full two thirds of all Vermonters attending college in Vermont, and serve 9,000 more annually in our certificate and professional programs. all VSCS institutions offer non-degree certificate and continuing education programs. Our colleges are poised to serve more Vermonters—whether high school students, recent graduates, or incumbent workers—with programs that will help them improve their skills and opportunities for advancement in non-degree programs. The VSCS serves significantly more first-generation and Pell-eligible Vermont students than any other Vermont higher education institution. We are innovating new ways to increase high school graduate continuation on to college and we’re working hard to increase the number of college- bound students who choose to attend college in Vermont. We continually strive to improve retention rates by strengthening student support services. One of our highest priorities is increasing affordability by reducing student debt. The financial landscape our Vermont students face is challenging. Our institutions have by far the Page 4 COMPLETE REPORT AVAILABLE AT WWW.VSC.EDU/DATA lowest tuition rates in the state, but their tuition and fees are well above the in-state national average—a direct result of low state support. We compete with discounting practices of better endowed Vermont institutions, but too often it is less expensive for Vermont students to attend colleges in neighboring states—paying out-of-state tuition—than it is to attend a Vermont State College. It is difficult for the average Vermonter to attend our institutions without significant financial assistance. The VSCS serves a high number of Pell grant recipients and yet our typical total debt for graduates compares with that of many Vermont private institutions. This is why increasing operational efficiencies and directing budgetary savings to students is another of our highest priorities. Every dollar of funding received by the Vermont State Colleges System is used as efficiently as possible, and limited resources are devoted to supporting students and learning. The VSCS is implementing strategic priorities to put our colleges in a stronger financial position and to focus resources on students. The VSCS is moving aggressively to reduce costs and become more efficient on a system-wide basis, while being careful to do so in a way that sustains and enhances our academic mission. VSCS PERFORMANCE INDICATORS 2015-2016 Page 5 EXECUTIVE SUMMARY Enrollment ■■ The Vermont State Colleges System (VSCS) enrolls more Vermonters than all of the other Vermont colleges and universities combined. (Source: National Center for Education Statistics’ IPEDS Data System.) ■■ This fall’s entering class at the four campus-based colleges has a higher number of Vermonters enrolled than 2015. ■■ 53% of all Vermont high school graduates continuing on to college in Vermont enrolled in the VSCS in 2014. 28% enrolled at UVM, and 19% enrolled at all of the Vermont independent institutions combined. (Source: National Center for Education Statistics’ IPEDS Data System.) ■■ Enrollment at the residential campuses increased by 183 students, from 6,585 to 6,768. When CCV is included, the Fall 2016 headcount enrollment of 12,009 shows a slight decline from Fall 2015 of 27 students, or .2%. From Fall 2014 to Fall 2015, there was a decline of 2.2%. ■■ 2016 Fall enrollment is up at CU (+4.3%), VT Tech (+5.5%) and JSC (+.7%) and down slightly at CCV (-2%) and lSC (-.7%). ■■ In 2015-2016, 2,386 high school students accessed dual enrollment courses in the Vermont State Colleges System, including 352 who accessed VSCS college courses offered in technical centers. 171 were enrolled in Early College and VaST programs for at least one semester in 2015-2016. 513 high school students enrolled in “Introduction to College Studies” last year, a free course provided by the Community College of Vermont. 60% of these students were first-generation. 330 high school CTE students are earning college credit through the Vermont Tech Concurrent Enrollment program. Page 6 COMPLETE REPORT AVAILABLE AT WWW.VSC.EDU/DATA CHART TITLE Vermont High School Graduates: Where They Go to College Attending an out-‐of-‐state institution University of 32% Vermont Attending 28% college in Vermont Vermont State Independent 30% Colleges Vermont Students not System Institutions continuing to 53% 19% postsecondary education 38% Based on 2014 Vermont High School Graduates and the National Center for Education Statistics’ IPEDS Data System, 2014 First-time Students VSCS Enrollment by Vermont County of Residence As of October 15, 2016 Vermont CCV Castleton Johnson Lyndon Tech Total Grand Isle 63 13 14 4 11 105 Essex 44 4 11 37 11 107 Bennington 282 120 32 16 48 498 Orange 234 50 59 36 121 500 Lamoille 227 38 211 16 38 530 Addison 276 151 36 10 75 548 Orleans 276 39 97 104 67 583 Windham 345 70 42 33 118 608 Caledonia 269 51 70 236 67 693 Windsor 468 120 92 41 134 855 Franklin 460 114 170 38 92 874 Washington 508 109 131 63 142 953 Rutland 532 569 68 26 112 1307 Chittenden 1491 249 246 76 359 2421 Source: VSCS Institutional Data VSCS PERFORMANCE INDICATORS 2015-2016 Page 7 Campus-Based Colleges Longitudinal Enrollment History Campus-‐Based Colleges Enrollment History 6,000 Castleton 5,000 Johnson 4,000 3,000 Lyndon 2,000 Vermont Tech 1,000 Total Vermont Students at Campus-‐ based Colleges 0 1980 1985 1990 1995 2000 2005 2010 2015 Source: VSCS Institutional Data Incoming Class Enrollments at Campus-‐Based Colleges Incoming ClassIncoming Incoming Enrollments Class Class at Enrollments Enrollments 900 Campus-Based Colleges 800 at at Campus Campus-‐Based -‐Based Colleges Colleges 900 700 900 800 600 800 500 700 700 Fall 2015 600 400 600 500 300 500 Fall 2016 Fall Fall 2015 2015 400 200 400 300 100 300 Fall Fall 2016 2016 200 200 -‐ Vermont Vermont Out-‐of-‐State Out-‐of-‐State 100 100 First-‐Year Transfer First-‐Year Transfer -‐ -‐ Vermont Vermont Vermont Vermont OutOut-‐of-‐-‐ofState -‐State OutOut-‐of-‐-‐ofState -‐State FirstFirst-‐Year-‐Year TransferTransfer FirstFirst-‐Year-‐Year TransferTransfer Source: VSCS Institutional Data Page 8 COMPLETE REPORT AVAILABLE AT WWW.VSC.EDU/DATA EXECUTIVE SUMMARY Revenues and Expenses ■■ The base appropriation from the State of Vermont is no more than it was in 2008 ($24.3 million). In FY2016 the State earmarked an additional $700,000 for financial aid for Vermont students attending a VSCS institution. ■■ Despite an average tuition increase of 4%, in FY2016 total revenue from tuition and fees went down due to enrollment declines from FY2015 to FY2016. Revenues FY16 Use of Reserves (as % of Expenses) & One-‐Time Funds Other Net 2% Revenues 3% Grants & Contracts 8% Revenues State Appropriations FY2016 14% Net Student Tuition, Education Sales Fees, Room & Board & Auxiliaries (Includes Federal 3% Grants) 70% Expenses FY16 Student Aid Interest 4% 3% Depreciation 6% Expenses FY2016 Supplies & Services Salary & 21% Benefits 63% Utilities 3% Source: VSCS Financial Statements VSCS PERFORMANCE INDICATORS 2015-2016 Page 9 ■■ System-wide, instructional costs decreased by over $12.9 million from FY2014 to FY2016. ■■ The VSCS has been aggressive in adjusting program delivery costs, resulting in a 11% decline in cost per annual FTE from FY2014 to FY2016. Instructional Expenses and Enrollment Instructional Expenses and Enrollment $80 12,000 Millions 10,000 VSCS Total Instructional $60 8,000 Expenses VSCS Total Annual FTE 6,000 Enrollment $40 4,000 2,000 $20 -‐ FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 Source: VSCS Institutional Data ■■ Salaries and benefits have been reduced by $4 million, from $125.3 million in FY2014 to $121.3 million in FY2016.

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