MAKING T HE CASE F OR WHY HIGHE R E DUCAT ION MAT T E RS - - PowerPoint PPT Presentation

Aar Aaron Thom

• n Thompson, Ph.D., President

pson, Ph.D., President Council on P Council on Postsecondar

• stsecondary Education

y Education

MAKING T HE CASE F OR WHY HIGHE R E DUCAT ION MAT T E RS

Hig he r E duc a tion L iste ning T

• ur

Hig he r E duc a tion L iste ning T

• ur

Is Colle g e Worth It? Is Colle g e Worth It?

4

Build broad understanding that higher education is the key to personal opportunity and Kentucky’s economic growth.

Hig he r E duc a tion’s Re turn on Inve stme nt Hig he r E duc a tion’s Re turn on Inve stme nt

Hig he r E duc a tion’s Re turn on Inve stme nt Hig he r E duc a tion’s Re turn on Inve stme nt

Ave ra g e T

• ta l Cost of Cre de ntia l for KY Hig h Sc hool Cla ss of 2010

$7,700 $26,000

Ce rtific a te Assoc ia te Ba c he lor’s

$3,400

Hig he r E duc a tion’s Re turn on Inve stme nt Hig he r E duc a tion’s Re turn on Inve stme nt

Pe rc e nta g e of T

• ta l Cost Subsidize d by Aid

Financial Aid Net Cost

69% 66% 52%

Ce rtific a te Assoc ia te Ba c he lor’s

Hig he r E duc a tion’s Re turn on Inve stme nt Hig he r E duc a tion’s Re turn on Inve stme nt

Ave ra g e Annua l T uition a nd F e e Inc re a se s a t Public Institutions

Hig he r E duc a tion’s Re turn on Inve stme nt Hig he r E duc a tion’s Re turn on Inve stme nt

Certificate Associate Bachelor's

Median Loan Debt Median Interest

$8,819 $14,211 $29,742

Me dian L

• an De bt plus Inte r

e st

Hig he r E duc a tion’s Re turn on Inve stme nt Hig he r E duc a tion’s Re turn on Inve stme nt

$2.9M $2.2M $1.4M $1.2M $978K

Hig he r E duc a tion’s Re turn on Inve stme nt Hig he r E duc a tion’s Re turn on Inve stme nt

86% 14% 88% 12% 94% 6% 85% 5%

Medicaid SNAP SSI Unemployed

No Colle g e Colle g e

12

Make higher education affordable for all Kentuckians.

Priority T wo: Afforda bility Priority T wo: Afforda bility

Ke e p tuition a nd fe e inc re a se s low. He lp stude nts finish

• n time .

Improve fina nc ia l lite ra c y & “c olle g e knowle dg e .”

14

Ensure more students earn degrees or certificates regardless of race, income, age or geography.

Priority T hre e : Suc c e ss Priority T hre e : Suc c e ss

Close a c hie ve me nt g a ps. Inc e ntivize c omple tion. We lc ome & support a dult stude nts.

16

Meet Kentucky’s current & future workforce needs through high-quality, innovative programs.

Priority F

• ur: Qua lity &

Innova tion Priority F

• ur: Qua lity &

Innova tion

Re va mp a c a de mic prog ra m re vie w. Imple me nt QA Commons initia tive . Inc re a se work- ba se d le a rning .