VSCS-2015-16-Performance-Indicators-Web

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,

Executive Summary The Office of the Chancellor

2015-2016

Vermont State Colleges System Performance Indicators

For the benefit of Vermont

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

TaBlE OF COnTEnTS

2 Six Strategic Priorities and VSCS Mission

4 Overview 6 Enrollment 9 Revenues and Expenses

11 Outcomes 13 affordability

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

Overview

executive summary

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

■

■ 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

executive summary

Vermont High School Graduates: Where They Go to College

VSCS Enrollment by Vermont County of Residence

As of October 15, 2016

education 38%

institution 32%

System 53%

Vermont 28%

Institutions 19%

Vermont 30%

Based on 2014 Vermont High School Graduates and the National Center for Education Statistics’ IPEDS Data System, 2014 First-time Students

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

Source: VSCS Institutional Data

First-­‐Year Transfer First-­‐Year Transfer

-­‐

First-­‐Year Transfer First-­‐Year Transfer

Incoming Class Enrollments at Campus-Based Colleges

Source: VSCS Institutional Data

-­‐

First-­‐Year Transfer First-­‐Year Transfer

Campus-Based Colleges Longitudinal Enrollment History

0

1,000

2,000

3,000

4,000

5,000

6,000

1980 1985 1990 1995 2000 2005 2010 2015

Johnson Lyndon

Source: VSCS Institutional Data

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

executive summary

3%

Appropriations 14%

Contracts 8%

Funds

3%

Benefits 63%

Utilities 3%

Services 21%

Depreciation 6%

4% Interest3%

Revenues FY2016

Expenses FY2016

Source: VSCS Financial Statements

■ 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

■

■ Salaries and benefits have been reduced by $4 million, from $125.3 million in FY2014 to $121.3 million in FY2016

■

■ Total headcount has been reduced by 172 employees, from 2,305 to 2,133 during the same period

-­‐

$20

$40

$60

$80

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

Expenses

Enrollment

Source: VSCS Institutional Data

Instructional Expenses and Enrollment

■

■ The number of degrees and certificates conferred to Vermonters by the VSCS has remained high, at 1,666 or 82% of all degrees conferred in 2015-2016 and at 81% the previous academic year Total degrees awarded in 2015-2016 was 2,043

■

■ The VSCS awarded 96 master’s and advanced study degrees in 2015-2016

executive summary

Certificates 9%

Degrees 43%

Degrees 44%

Degrees 4%

■

■ Retention rates across the VSCS have increased 4.5% overall from 2014 to

2016

Source: VSCS Institutional Data

Source: VSCS Institutional Data

VSCS Total Degrees and Certificates

Recent One-Year Retention Rates

Fall 2013– Fall 2014– Fall 2015– National

Fall 2014 Fall 2015 Fall 2016 Benchmark 2

Castleton 69% 74% 75% 66%

Johnson 68% 68% 69% 66%

Lyndon 61% 67% 68% 66%

Vermont Tech 71% 78% 70% 61%

1 At CCV, less than 5% of all enrolled students (under 300) are included in this traditional measure of “first-time, full-time” student retention.

2 Benchmarks are an average of public institutions across the US with similar enrollment size and profile.

0 10 20 30 40 50 60

150%

Graduation

Rates of

First-time,

Full-time

Students

Percentage of

students starting

in 2010 and

graduating by 2016

CCV

Graduates

Time

to Degree

Completion

■

■ Retention and graduation rates are based on a cohort of students who enroll in college for the first time, as full-time students, each fall

■

■ Retention and graduation rates for all VSCS colleges (except CCV) are defined

by the federal College Scorecard as about the national average for four year public institutions (https://collegescorecard.ed.gov/)

■

■ This measure captures less than 5% of CCV’s total enrollment each fall

■

■ Gaps in retention and graduation rates between first-generation, Pell-recipient students and their higher income and continuing-generation peers are

minimal across the VSCS

0 100 200 300 400 500 600

2013 2014 2015 2016 Graduation Year

Over half (53%) of CCV associate degree graduates complete their degree beyond the

standard 3-year measure.

Source: VSCS Institutional Data

Source: VSCS Institutional Data

■

■ VSCS average annual net cost of attendance for Vermont residents is competitive with neighboring states, according to the U.S Department of Education College Scorecard This measure reflects the total in-state cost (published tuition and required fees, books and supplies, and the weighted average cost for room, board, and other expenses) minus grant and scholarship aid

executive summary

US College Scorecard: Average Annual Net Cost of Attendance, 2016

Attendance

■ The VSCS is increasing institutional aid to students In FY2015, total institutional aid provided ($9,822,013) was equivalent to 40% of the State’s appropriation to the VSCS

■

■ Institutional aid is the second largest component of grant aid to VSCS students after federal aid

Total Institutional Aid Provided

to Students

$0

$2

$4

$6

$8

$10

$12

2012-­‐2013 2013-­‐2014 2014-­‐2015

Students

57%

13%

Aid 22%

8%

Sources of Financial Aid to VSCS Students

Source: VSCS Institutional Data

Source: VSCS Institutional Data

$7.85 Million

$8.77 Million

$9.82 Million

■ Typical total debt of VSCS graduates as reported on the U.S College Scorecard is comparable to other public and private institutions in the region

U.S College Scorecard: Typical Total Debt, 2016

Median debt of graduates with federal debt

offiCe of tHe CHanCellor

po boX 7, montpelier, vt 05601

p (802) 224-3000

f (802) 224-3035

Castleton universitY CommunitY ColleGe of vermont JoHnson state ColleGe lYndon state ColleGe vermont teCHniCal ColleGe