c. the worth of degree programs across the state d. college default rate, possible federal...

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

C. The Worth of Degree Programs

Arkansas Employment After One Year by Degree Level for All Graduates (resident & non-resident)

Associate Certificate Bachelor Master Professional Doctoral30%

40%

50%

60%

70%

80%

90%

78%75%

74%

67%

51%49%

78%76%

72%

68%

63%

54%

76% 76%

71%

66%

62%

43%

2005-06 2006-07 2007-08

Source: Arkansas Departments of Information Systems, Workforce Services, & Higher Education, 2010 Arkansas Employment Outcomes Report, Figure 2.

Academic Year

Arkansas Employment After Five Years by Degree Level for All Graduates (resident & non-resident)

Associate Certificate Bachelor Master Professional Doctoral30%

40%

50%

60%

70%

80%

90%

73%

63%62% 62%

55%

44%

73%

64%63%

60% 61%

32%

72%

61% 64%

58%57%

44%

2001-02 2002-03 2003-04


Academic Year

Arkansas Employment After One Year by Degree Level (AR residents only)

Certificate Master Associate Bachelor Doctoral Professional30%

40%

50%

60%

70%

80%

90%

85%

81%80%

79%

68%

53%

84%84%

80%

77%

72%

66%

81% 81%78%

77%

60%

67%

2001-02 2002-03 2003-04


Academic Year

Arkansas Employment After Five Years by Degree Level (AR residents only)

Associate Master Certificate Bachelor Professional Doctoral30%

40%

50%

60%

70%

80%

90%

75%74%

67% 68%

59%

66%

73% 75%74%

69%

63%

53%

74%73% 73%

69%

62%62%

2001-02 2002-03 2003-04


Academic Year

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.

TRANSPORTATION

ARCHITECTURE

PHILOSOPHY AND RELIGION

PHYSICAL SCIENCES

BIOLOGICAL SCIENCES

VISUAL AND PERFORMING ARTS

RECREATION

ENGINEERING

FOREIGN LANGUAGES

LIBERAL ARTS/GENERAL STUDIES

FAMILY/CONSUMER SCIENCES

NATURAL RESOURCES AND CONSERVATION

COMMUNICATION

ENGLISH/LITERATURE

PSYCHOLOGY

SOCIAL SCIENCES

AGRICULTURE BUS & PRODUCTION

HISTORY

BUSINESS MGMT & ADMIN SERVICES

MATHEMATICS

COMPUTER & INFO SCIENCES

PROTECTIVE SERVICES

ENGINEERING TECHNOLOGIES

HEALTH PROFESSIONS

PUBLIC AFFAIRS

EDUCATION

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

28%45%47%49%50%52%53%56%57%57%57%59%59%60%60%61%62%62%63%64%64%67%67%68%72%

80%

72%55%53%51%50%48%47%44%43%43%43%41%41%40%40%39%38%38%37%36%36%33%33%32%28%

20%

% employed In AR % Not Employed In AR


After Five Years for 2003-04

Bachelor Degree Recipients (AR residents only)



TRANSPORTATION

ARCHITECTURE

PHYSICAL SCIENCES


PHILOSOPHY AND RELIGION

BIOLOGICAL SCIENCES


ENGINEERING

FOREIGN LANGUAGES

ENGLISH/LITERATURE

PSYCHOLOGY

RECREATION

HISTORY

NATURAL RESOURCES AND CONSERVATION

MATHEMATICS

COMMUNICATION

SOCIAL SCIENCES




PROTECTIVE SERVICES


HEALTH PROFESSIONS


PUBLIC AFFAIRS

EDUCATION

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

24%53%54%54%54%55%

60%61%63%63%63%64%64%65%65%65%66%66%66%69%71%71%72%74%77%

84%

76%47%46%46%46%45%

40%39%37%37%37%36%36%35%35%35%34%34%34%31%29%29%28%26%23%

16%

% Employed In AR % Not Employed In AR


After Five Years for 2003-04

Bachelor Degree Recipients (non- residents only)



FOREIGN LANGUAGES


RECREATION

PHYSICAL SCIENCES

PSYCHOLOGY

BIOLOGICAL SCIENCES

ARCHITECTURE

PUBLIC AFFAIRS

ENGLISH/LITERATURE


ENGINEERING

SOCIAL SCIENCES

HEALTH PROFESSIONS

COMMUNICATION


EDUCATION


HISTORY


PROTECTIVE SERVICES



0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

8%

15%

17%

17%

17%

17%

20%

21%

23%

23%

24%

26%

26%

27%

28%

28%

29%

30%

34%

35%

38%

41%

92%

85%

83%

83%

83%

83%

80%

79%

77%

77%

76%

74%

74%

73%

72%

72%

71%

70%

66%

65%

62%

59%

% Employed in AR % Not Employed in AR

Arkansas Employment by Residency Status After One Year for All Graduates (resident & non-resident)

Certificate Associate Bachelor Master Doctoral Professional0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

80.7%78.4%

76.7% 80.8%

59.8% 66.5%

40.4%40.1%

34.9%

24.4%22.4%

36.8%

AR Residents Non-Residents


AY 2007-08

Arkansas Employment by Residency Status After Five Years for All Graduates (resident & non-resident)

Certificate Associate Bachelor Master Doctoral Professional0%

10%

20%

30%

40%

50%

60%

70%

80%

AR Residents Non-Residents


AY 2003-04

Average Annual Arkansas Salaries by Degree Level for All Graduates (resident & non-resident)


Certificate Associate Bachelor Master Doctoral Professional

$24,317 $29,835

$37,227

$47,888

$66,059

$79,324

$18,639 $19,244 $26,116

$42,305

$54,153

$46,888

After Five Years (2003-04)

After One Year (2007-08)

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.

Certificate Associate Bachelor Master Doctoral Professional

$24,286 $29,717

$37,058

$48,060

$67,618

$77,986

$18,602 $19,112 $26,371

$42,580

$58,454

$46,888

After Five Years (2003-04)

After One Year (2007-08)

Average Annual Arkansas Salaries by Field of Study After Five Years

for All Graduates (resident & non-

resident)AY 2003-04


PHILOSOPHY AND RELIGIOUS STUDIES

HISTORY

LIBERAL ARTS AND SCIENCES, GENER


FAMILY AND CONSUMER SCIENCES/HUM

PSYCHOLOGY

ENGLISH LANGUAGE AND LITERATURE

SOCIAL SCIENCES

SECURITY AND PROTECTIVE SERVICES

COMMUNICATION, JOURNALISM, AND R

PUBLIC ADMINISTRATION AND SOCIAL

FOREIGN LANGUAGES, LITERATURES,

BIOLOGICAL AND BIOMEDICAL SCIENC

EDUCATION

TRANSPORTATION AND MATERIALS MOV

PARKS, RECREATION, LEISURE, AND

NATURAL RESOURCES AND CONSERVATI

AGRICULTURE, AGRICULTURE OPERATI

MATHEMATICS AND STATISTICS

BUSINESS, MANAGEMENT, MARKETING,

ARCHITECTURE AND RELATED SERVICE

PHYSICAL SCIENCES

HEALTH PROFESSIONS AND RELATED C

COMPUTER AND INFORMATION SCIENCE

ENGINEERING TECHNOLOGIES/TECHNIC

ENGINEERING

$10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000

$22,601

$27,997

$29,246

$29,783

$30,436

$30,554

$30,568

$30,907

$31,901

$32,143

$32,275

$34,407

$35,083

$36,218

$37,086

$37,489

$38,980

$39,092

$39,795

$40,969

$43,710

$44,528

$47,581

$48,050

$54,022

$64,871

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

• In 1970’s: 80% of the cost of attendance could be covered by a Pell grant

• Today, less than 40%

How college is paid for has changed

5.5% - 7.2%

4.5% - 5.4%

3.1% - 4.4%

2.0% - 3.0%

2005 Loan Default Rates

Source: U.S. Department of Education

6.8%

(5th)

6.9%

7.1%

7.2%

2.0%

2.6%

6.9%

2.2% (DC)

2.3% (VT)

6.8% - 9.7%

5.0% - 6.7%

3.6% - 4.9%

2.3% - 3.5%



8.8%

9.3%

9.7%

7.4%

2.3%

2.4%

2.4% (VT)

2.4%

7.6%

(4th)

7.6% - 9.9%

6.3% - 7.5%

4.5% - 6.2%

2.3% - 4.4%



9.3%

9.3%

9.9%

8.8%

2.8%

2.3% 3.1%

9.0%

(4th)

7.2% - 10.9%

6.0% - 7.1%

4.4% - 5.9%

1.8% - 4.3%



9.23%

9.9%

10.9%

9.6%

3.4%

1.8% 2.9%

10.15%

(2nd)

U.S. Department of Education Official Student Loan Default Rates

Default Rate Number of Loans In

Repay Number of Loans in

Default

Fiscal year Fiscal year Fiscal year 2006 2007 2008 2006 2007 2008 2006 2007 2008ASUJ* 7.7% 8.2% 10.1% 4,371 3,862 3,787 338 317 408ATU 8.9% 9.3% 9.8% 1,662 1,491 1,560 149 139 154HSU 6.2% 6.8% 9.8% 1,065 961 857 67 66 84SAUM 10.4% 11.5% 11.6% 749 691 723 78 80 84UAF 2.3% 3.4% 4.3% 3,606 2,570 2,459 85 87 106UAFS 9.6% 11.2% 10.8% 1,126 1,091 1,083 109 123 118UALR 6.9% 8.9% 9.1% 3,649 3,032 2,967 255 270 272UAM 11.5% 13.4% 14.7% 987 872 825 114 117 122UAMS 0.2% 1.2% 1.6% 922 543 594 2 7 10UAPB 15.4% 15.9% 17.3% 1,115 1,057 915 172 169 159UCA 6.9% 6.4% 9.4% 2,650 2,455 2,483 184 162 234Total 7.1% 8.3% 9.6% 21,902 18,625 18,253 1,553 1,537 1,751

US Average = 7.0%*Includes ASUN, ASUMH.

U.S. Department of Education Official Student Loan Default RatesDefault Rate Number of Loans In Repay Number of Loans in DefaultFiscal year Fiscal year Fiscal year

2006 2007 2008 2006 2007 2008 2006 2007 2008ANC 10.8% 9.7% 12.8% 166 133 132 18 13 17ASUB 9.2% 8.9% 11.8% 477 589 633 44 53 75ASUMH Included in ASUJASUN Included in ASUJBRTC 12.7% 14.4% 12.1% 376 381 328 48 55 40CCCUA 0.0% 0.0% 0.0%EACC 10.2% 11.7% 21.4% 68 94 121 7 11 26MSCC 0.0% 0.0% 0.0%NAC 11.1% 16.0% 9.2% 322 350 324 36 56 30NPCC 13.0% 18.5% 16.1% 169 253 267 22 47 43NWACC 6.8% 7.8% 8.9% 580 532 594 40 42 53OTC 15.4% 11.2% 9.9% 71 107 101 11 12 10OZC 16.5% 7.5% 13.9% 218 186 201 36 14 25PCCUA 9.8% 8.6% 21.2% 152 115 94 15 10 20PTC 10.3% 12.3% 14.9% 2,362 2,719 2,684 245 336 400RMCC 0.0% 0.0% 0.0%SACC 10.5% 9.8% 9.0% 276 243 221 29 24 20SAUT 13.2% 15.8% 10.7% 128 107 112 17 17 12SEAC 20.8% 13.6% 12.3% 254 279 291 53 38 36UACCB 13.8% 19.1% 18.5% 304 355 356 42 68 66UACCH 12.9% 12.5% 11.7% 77 72 68 10 9 8UACCM 11.1% 11.5% 7.5% 179 242 237 20 28 18

Total 11.2% 12.4% 13.3% 6,179 6,757 6,764 693 833 899http://www.nslds.ed.gov/nslds_SA/defaultmanagement/search_cohort.cfmUpdated September 13, 2010 by USDOE

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.

http://ifap.ed.gov/DefaultManagement/finalcdrg.html

25

Financial Aid Funding Trend

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

$(10,000,000)

$-

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

General Revenue FA Expense FA Balance

Fund Balance peaked in 2009 at 53m

GR peaked at 48m in 2008Expense (Student Awards) has increased since 2005

$24m

26

Arkansas Department of Higher EducationFinancial Aid

2011-2013 Biennial Forecast

FY10 FY11 FY12 FY13 $-

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000 Second Effort ScholarshipsPodiatryChiropracticWashington Center ScholarshipsOptometry LoansOsteopathySingle Parent ScholarshipDependents of Law Enf. Officers, etcJr/Sr Minority Teacher ScholarsSREB Minority Doctoral ScholarsAR Geographical Critical NeedsMinority Masters FellowsSURF ProgramTuition AdjustmentDependents of POWS, MIAS, KIASOptometry GrantsTargeted Teacher DevelopmentDental LoansDental AidVeterinary AidNational Guard Tuition AssistanceSTEPTeacher Opportunity ProgramWorkforce Improvement GrantsHigher Education Opportunities GrantsGovernor's ScholarsAcademic Challenge Scholarships

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

The Lumina Foundation Report:

A Stronger Nation Through Higher Education and Arkansas’s Progress

Dr. Karen WheelerAssociate Director

Department of Higher Education

Lumina’s Big Goal

Increase the percentage of Americans with high-quality degrees and credentials from

39% to 60% by the year 2025.

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).

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

68.7%

68.6%

Arkansas U.S.

College Going RatesArkansas vs. National

Source: ADHE SIS; NCES, Digest of Education Statistics 2009; Table 191.

AY1997 AY1998 AY1999 AY2000 AY2001 AY2002 AY2003 AY2004 AY2005 AY2006 AY2007 AY2008 AY2009 AY2010

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

123,139

133,620

154,125

185,678

Annual Unduplicated Enrollment for Public Institutions

Academic Year

En

roll

me

nt

50.8 percent increase in enrollment

Source: ADHE SIS, 2010.

AY1997 AY1998 AY1999 AY2000 AY2001 AY2002 AY2003 AY2004 AY2005 AY2006 AY2007 AY2008 AY2009 AY2010

-

5,000

10,000

15,000

20,000

25,000

30,000

15,244 15,054 15,412 16,157 16,365

17,526

19,147 19,449

20,749 21,578

22,468 23,575

25,553

28,183

Credentials Awarded, Public Institutions Only

Academic Year

Cre

de

nti

als

Aw

ard

ed

84% - Total Credentials Awarded283% - Certificates of Proficiency243% - Technical Certificates135% - Associate Degrees35% - Baccalaureate Degrees67% - Master Degrees87% - Doctoral Degrees

Source: ADHE SIS, 2010.

% In

crea

se

Top/Lowest Five CountiesPercentage of Young Adults (25-34)

with an Associate’s or Bachelor’s Degree

Lincoln

Stone

Chicot

Scott

Lee

Craighead

Benton

Washington

Faulkner

Pulaski

0% 5% 10% 15% 20% 25% 30% 35% 40%

8.0%

9.5%

9.7%

10.8%

11.2%

27.5%

27.8%

31.2%

33.0%

37.4%

0.263

0.299

0.337

0.334

0.355

Source: U.S. Census Bureau, SF3, 2000. American Community Survey SF3, R15002. Note: Sample Size must be 2,000 housing units or more.

2009 Top 5 Counties2000 Top 5 Counties2000 Bottom 5 Counties

Arkansas Democrat-GazetteMore in State Graduating, But Rate Still Low

Wednesday, 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

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.

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%)

Non-Traditional No More: Policy Solutions for Adult Learners

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.

Major Project Accomplishments

• Adults included in Lottery Scholarship awards.

• Identified state- and institutional-level barriers.

• Generated and shared detailed data on adult student success.

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

Age less than 20 31.5%

Age 20-24 36.1%

Age 25-34 18.5%

Age 35-44 8.4%

Age 45-54 3.9%

Age 55 or higher 1.6%

Traditional Students 67.6%

Non-Traditional Students 32.4%

Average Age 25.0

Arkansas Public Colleges and Universities2008 Fall Term, Undergraduate Students Only

Age Range 4-Year Universities

2-Year Colleges

Difference

Age less than 20 35.7% 25.2% 10.5%

Age 20-24 42.8% 26.5% 16.3%

Age 25-34 13.6% 25.6% -12.0%

Age 35-44 5.0% 13.3% -8.3%

Age 45-54 2.2% 6.5% -4.3%

Age 55 or higher 0.7% 2.9% -2.2%

Traditional 78.5% 51.7% 26.8%

Non-Traditional 21.5% 48.3% -26.8%

Average Age 23.0 27.9 -4.9%

Arkansas Public Colleges and Universities Graduates

Academic Year2008 (2007-08) Number Percent

Traditional 11,535 51.6%

Non-Traditional 10,812 48.4%

Total 22,347 100.0%

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.

F. Amounts Credited Due to the State Scholarship Stacking Policy

• One state stacking policy• Each institution has variations in FA packaging policies

Stacking Policies of the State’s Institutions

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.

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.

Reductions due to stackingFall 2010

Program# of

students AmountAcademic Challenge Scholarship 220 $ 229,453.66 Governor's Scholars Program 4 $ 2,767.00 Go! Grant 69 $ 24,428.00 National Guard Tuition Incentive Program 1 $ 2,500.00

294 $ 259,148.66

c. the worth of degree programs across the state d. college default rate, possible federal...

Documents

higher education

workforce services

academic year slide

degree level ar residents

worth of degree programs

lumina foundation report

field of study

residency status