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C . The Worth of Degree Programs Across the State

C . The Worth of Degree Programs Across the State D. College Default Rate , Possible Federal Consequences of Default Increases, and Total Loans by Institution E. The Lumina Foundation Report, “A Stronger Nation Through Higher Education”, and Arkansas’s Progress

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C . The Worth of Degree Programs Across the State

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  1. C. The Worth of Degree Programs Across the State D. College Default Rate, Possible Federal Consequences of Default Increases, and Total Loans by Institution E. The Lumina Foundation Report, “A Stronger Nation Through Higher Education”, and Arkansas’s Progress F. Amounts Credited Due to the State Scholarship Stacking Policy

  2. C. The Worth of Degree Programs

  3. Arkansas Employment After One Year by Degree Level for All Graduates (resident & non-resident) Academic Year Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 2.

  4. Arkansas Employment After Five Years by Degree Level for All Graduates (resident & non-resident) Academic Year Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 1.

  5. Arkansas Employment After One Year by Degree Level (AR residents only) Academic Year Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 12.

  6. Arkansas Employment After Five Years by Degree Level (AR residents only) Academic Year Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 12.

  7. Arkansas Employment by Field of Study After Five Years for All 2003-04 Bachelor Degree Recipients (resident & non-resident) Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 5.

  8. Arkansas Employment by Field of Study After Five Years for 2003-04 Bachelor Degree Recipients (AR residents only) Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 16.

  9. Arkansas Employment by Field of Study After Five Years for 2003-04 Bachelor Degree Recipients (non- residents only) Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 19.

  10. Arkansas Employment by Residency Status After One Year for All Graduates (resident & non-resident) AY 2007-08 Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 7.

  11. Arkansas Employment by Residency Status After Five Years for All Graduates (resident & non-resident) AY 2003-04 Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 6.

  12. Average Annual Arkansas Salaries by Degree Level for All Graduates (resident & non-resident) Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 8.

  13. Average Annual Arkansas Salaries by Degree Level (AR residents only) Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, based on Table 9.

  14. Average Annual Arkansas Salaries by Field of Study After Five Years for All Graduates (resident & non-resident)AY 2003-04 Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 11.

  15. D. College Default Rate, Possible Federal Consequences of Default Increases, and Total Loans by Institution

  16. How college is paid for has changed • In 1970’s: 80% of the cost of attendance could be covered by a Pell grant • Today, less than 40%

  17. 2005 Loan Default Rates 2.6% 2.3% (VT) 7.2% 6.9% 2.2% (DC) 7.1% 6.8% (5th) 6.9% 2.0% Source: U.S. Department of Education

  18. 2006 Loan Default Rates 2.4% 2.4% 2.4% (VT) 2.3% 7.4% 8.8% 9.7% 9.3% 7.6% (4th) Source: U.S. Department of Education

  19. 2007 Loan Default Rates 2.3% 3.1% 2.8% 9.3% 9.9% 9.0% (4th) 8.8% 9.3% Source: U.S. Department of Education

  20. 2008 Loan Default Rates 1.8% 2.9% 3.4% 9.9% 9.23% 9.6% 10.9% 10.15% (2nd) Source: U.S. Department of Education

  21. US Average = 7.0% *Includes ASUN, ASUMH.

  22. Schools subject to loss of FFEL/FDSLP/Pell eligibility, 3 years of rates >=25.0%A school subject to loss of eligibility to participate in the Federal Family Education Loan (FFEL) Program, William D. Ford Federal Direct Loan (Direct Loan) Program, and/or Federal Pell Grant Program has FY 2008, FY 2007, and FY 2006 official cohort ` rates that are 25.0% or greater. If a school fails to successfully appeal this sanction, it will lose eligibility to participate in the FFEL, Direct Loan, and/or Federal Pell Grant Program until September 30, 2012. For more information on this sanction and specific exceptions, please refer to the Cohort Default Rate Guide.

  23. Financial Aid Funding Trend GR peaked at 48m in 2008 Expense (Student Awards) has increased since 2005 Fund Balance peaked in 2009 at 53m $24m

  24. Arkansas Department of Higher EducationFinancial Aid2011-2013 Biennial Forecast

  25. E. The Lumina Foundation Report, “A Stronger Nation Through Higher Education”, and Arkansas’s Progress

  26. The Lumina Foundation Report:A Stronger Nation Through Higher Education and Arkansas’s Progress Dr. Karen Wheeler Associate Director Department of Higher Education

  27. Lumina’s Big Goal Increase the percentage of Americans with high-quality degrees and credentials from 39% to 60% by the year 2025.

  28. Why Degrees/Credentials Are Critical • For generations the American economy has created large numbers of middle-class jobs that required no college-level knowledge or skills. • Due to global competition, these jobs are rapidly disappearing. • Lower-skills jobs are not producing middle-class wages (or tax revenues).

  29. College Going Rates Arkansas vs. National Source: ADHE SIS; NCES, Digest of Education Statistics 2009; Table 191.

  30. 50.8 percent increase in enrollment Source: ADHE SIS, 2010.

  31. 84% - Total Credentials Awarded 283% -Certificates of Proficiency 243% - Technical Certificates 135% - Associate Degrees 35% - Baccalaureate Degrees 67% - Master Degrees 87% - Doctoral Degrees % Increase Source: ADHE SIS, 2010.

  32. Top/Lowest Five CountiesPercentage of Young Adults (25-34) with an Associate’s or Bachelor’s Degree 2009 Top 5 Counties 2000 Top 5 Counties 2000 Bottom 5 Counties Source: U.S. Census Bureau, SF3, 2000. American Community Survey SF3, R15002. Note: Sample Size must be 2,000 housing units or more.

  33. Arkansas Democrat-GazetteMore in State Graduating, But Rate Still LowWednesday, Dec. 15, 2010 “Yes, we made strides. That’s wonderful, but everybody knows that we have a long way to go.” Kathy Deck University of Arkansas Economist

  34. High School Attainment • 81.3% of Arkansans hold a high school diploma or equivalent. (National=84.6%) • High school diploma/GEDs have increased in all but one Arkansas county (Bradley). • Arkansas still is 45th in nation.

  35. Higher Education Attainment • Second to last with 18.9% of adults with a bachelor’s. (Nationally=27.5%) • West Virginia is last in terms of bachelor’s at 17.1%. • 60 counties saw increases in the percentage of adults with bachelor’s degrees. • SREB report that 37% of FT-FT four-year students in 2002 graduated in 6 years. (Lowest of the 16 SREB states) (Nationally=55%)

  36. Non-Traditional No More: Policy Solutions for Adult Learners

  37. WICHE Project Goals • To increase access and success for the adult learner population in postsecondary education. • To stimulate and guide policy and practice changes that will make it easier for “ready adults”—those who are just shy of having enough credits to obtain a degree but haven’t yet returned to college-to earn their diplomas.

  38. Major Project Accomplishments • Adults included in Lottery Scholarship awards. • Identified state- and institutional-level barriers. • Generated and shared detailed data on adult student success.

  39. Arkansas Public Colleges and Universities 2008 Fall Term, Undergraduate Students Only

  40. Arkansas Public Colleges and Universities2008 Fall Term, Undergraduate Students Only

  41. Arkansas Public Colleges and Universities Graduates

  42. Summary • Two-year public colleges serve substantially higher rates of non-traditional students than do four-year universities. • Traditional students make up about two-thirds of public higher education enrollment. • Traditional students make up about one-half of public higher education graduates, only slightly higher than Non-Traditional students.

  43. F. Amounts Credited Due to the State Scholarship Stacking Policy

  44. Stacking Policies of the State’s Institutions • One state stacking policy • Each institution has variations in FA packaging policies A postsecondary institution shall not award state aid in a student aid package in excess of the cost of attendance. When a student receives a student aid package that includes state aid and the student’s aid package exceeds the cost of attendance, the institution shall repay state aid in the amount exceeding cost of attendance, starting with state aid received under the Academic Challenge Scholarship.

  45. Stacking Definitions • Cost of Attendance - An estimate of a student’s educational expenses that is designed to provide an accurate projection of the reasonable costs for the period of enrollment. • State Aid – scholarships or grants awarded to a student from public funds, including without limitation the Academic Challenge Scholarship, DHE scholarship and grant programs, state general revenue, tuition, and local tax revenue. • Student aid package – federal aid, state aid, and other aid a student receives for postsecondary education expenses • “Federal Aid” – scholarships or grants awarded to a student as a result of the FAFSA, excluding the Pell Grant • “Other Aid” – scholarships, grants, tuition waivers, or housing waivers awarded to a student from a postsecondary institution or private sources.

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