House Education Committee Morehead State University
President Wayne D. Andrews February 28, 2012
Reduced State Support for Higher Education
Slicing the Higher Education Budget Pie $ in millions
Based on proposed FY 13 budget
High School Diploma Attainment % of Adults (age 25+) with HS Diploma (1990 Census)
Source: US Census Bureau (1990 Federal Census data)
High School Diploma Attainment % of Adults (age 25+) with HS Diploma (2010 Census)
Source: US Census Bureau (2010 Federal Census data)
High School Diploma Attainment % Change in Adults (age 25+) with HS Diploma over 20 Years
Source: US Census Bureau (1990, 2010 Federal Census data)
College Going Rates High School Class of 1999
Source: KY Council on Postsecondary Education
College Going Rates High School Class of 2009
Source: KY Council on Postsecondary Education
College Going Rates
Source: KY Council on Postsecondary Education
% Change in Classes of 1999 and 2009
2011-12 Tuition is $6,942.
Total Grant Aid is $8,593 excluding any institutional awards and direct loan eligibility.
A student with a zero Expected Family Contribution, 18 ACT and 3.0 GPA would receive $1,601 more in grant aid than tuition costs.
Morehead State
Example of how maximum need based aid provides affordable access to college
Affordability
2011-12 Tuition is $16,250.
Total Grant Aid is $11,557, excluding any institutional awards and direct loan eligibility.
A student with a zero Expected Family Contribution, 18 ACT and 3.0 GPA would have a net tuition price of $4,693 before any institutional awards and without using any direct loan eligibility.
UPike
Example of how maximum need based aid provides affordable access to college
Affordability
2011-12 Tuition is $16,250.
Total Grant Aid is $11,557, excluding any institutional awards and direct loan eligibility.
A student with a zero EFC, 18 ACT and 3.0 GPA would have a net tuition price of $4,693 before any institutional awards and without using any direct loan eligibility.
UPike
Example of how maximum need based aid provides affordable access to college
$7,510 Avg. Institutional Award
After adding average institutional award of $7,510, student would receive a total of $19,067, or $2,817 more in grant aid than tuition.
Affordability
Bachelors Degree Attainment % of Adults (age 25+) with Bachelors Degree (1990 US Census)
Source: US Census Bureau (1990 Federal Census data)
Bachelors Degree Attainment % of Adults (age 25+) with Bachelors Degree (2010 US Census)
Source: US Census Bureau (2010 Federal Census data)
Bachelors Degree Attainment % Change of Adults (age 25+) with Bachelors Degree over 20 Years
Source: US Census Bureau (1990, 2010 Federal Census data)
MSU’s Commitment
• True to historic mission • 1,997 students • 6,925 alumni
• Established partnerships • Investments in infrastructure
The Nation is Watching
21st Century Model
• Collaborations (UCM) • Partnerships (public/private) • Distance and online learning • Increase funds for tuition assistance
