VSCS-2015-16-Performance-Indicators-Web

VERMONT TECHNICAL COLLEGE LYNDON STATE COLLEGE JOHNSON STATE COLLEGE COMMUNITY COLLEGE OF VERMONT CASTLETON UNIVERSITY For the benefit of Vermont 2015-2016 Vermont State Colleges System Performance Indicators Executive Summary The Office of the Chancellor Comprehensive data and statistical report available at www.vsc.edu/data The VSCS has adopted six strategic priorities to support its mission: Increase the continuation rate of high school students on to postsecondary education Improve the retention and graduation rates at our colleges Become a more attractive destination for Vermont high school graduates Serve well more working age Vermonters Operate as a more integrated system to expand student opportunities and achieve operational efficiencies 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: Demonstrate competence in communication, research and critical thinking; Practice creative problem-solving both individually and collaboratively; Be engaged, effective, and responsible citizens; Bring to the workplace appropriate skills and an appreciation of work quality and ethics; 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 Page Complete report available at www.vsc.edu/data Table of Contents Six Strategic Priorities and VSCS Mission Overview Enrollment Revenues and Expenses 11 Outcomes 13 Affordability VSCS Performance Indicators 2015-2016 Page executive summary Overview 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 collegebound 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 Page Complete report available at www.vsc.edu/data 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 so in a way that sustains and enhances our academic mission VSCS Performance Indicators 2015-2016 Page executive summary Enrollment ■■ 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 Page Complete report available at www.vsc.edu/data CHART  TITLE Vermont High School Graduates: Where They Go to College Attending   an   out-­‐of-­‐state   institution 32% Students   not   continuing   to   postsecondary   education 38% Attending   college   in   Vermont 30% University  of   Vermont 28% Vermont   Independent   State   Vermont   Colleges   Institutions System 19% 53% Based on 2014 Vermont High School Graduates and the National Center for Education Statistics’ IPEDS Data System, 2014 First-time Students VSCS Enrollment by Vermont County of Residence As of October 15, 2016 Vermont CCV Castleton Johnson Lyndon Tech Total 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 Chittenden 1491 249 246 76 359 2421 Source: VSCS Institutional Data VSCS Performance Indicators 2015-2016 Page Campus-Based Colleges Longitudinal Enrollment History Campus-­‐Based  Colleges  Enrollment  History   6,000 Castleton   5,000 Johnson 4,000 3,000 Lyndon 2,000 Vermont  Tech 1,000 Total  Vermont   Students  at  Campus-­‐ based  Colleges 1980 1985 1990 1995 2000 2005 2010 2015 Source: VSCS Institutional Data Incoming  Class  Enrollments   at  Campus-­‐Based  Colleges Incoming Class Enrollments at Incoming   Incoming   CClass   lass   EEnrollments   nrollments   900   Campus-Based at   at  CColleges Campus-­‐Based   ampus-­‐Based   CColleges olleges 800   700   900   900   600   800   800   500   700   700   400   600   600   Fall  2015 Fall  2016   Fall   Fall   2015 2015 300   500   500   200   400   400   100   300   300   -­‐ 200   200   100   100   -­‐ -­‐ Page Fall   Fall   2016   2016   Vermont   First-­‐Year Vermont   Transfer Vermont   Vermont   First-­‐ Year First-­‐ Year Vermont   Vermont   Transfer Transfer Out-­‐of-­‐S tate   First-­‐Year Out-­‐of-­‐S tate   Transfer Out-­‐ S tate   Out-­‐ Out-­‐ S tate   Out-­‐ of-­‐oSf-­‐tate   of-­‐oSf-­‐tate   First-­‐ Year Transfer First-­‐ Year Transfer Source: VSCS Institutional Data Complete report available at www.vsc.edu/data executive summary 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 Revenues  FY16 Use  of  Reserves   &  O ne-­‐Time   Funds 2% (as   %  of  Expenses) Other  Net   Revenues 3% Grants  &   Contracts 8% Revenues FY2016 State   Appropriations 14% Net  Student   Tuition,   Fees,  Room  &  Board (Includes  Federal   Grants)  70% Education   Sales   &  Auxiliaries 3% Expenses  FY16 Student  Aid 4% Depreciation 6% Expenses FY2016 Source: VSCS Financial Statements VSCS Performance Indicators 2015-2016 Supplies  &   Services 21% Interest 3% Salary  &   Benefits 63% Utilities 3% Page ■■ 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 Millions Instructional Expenses and Enrollment Instructional  Expenses  and  Enrollment $80 12,000   10,000   $60 $40 8,000   VSCS  Total   Instructional   Expenses 6,000   VSCS  Total   Annual  F TE   Enrollment 4,000   2,000   $20 FY04 ■■ FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 -­‐ Source: VSCS Institutional Data 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 Page 10 Complete report available at www.vsc.edu/data executive summary Outcomes ■■ 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 VSCS  Total  Degrees  and  Certificates,  2015-­‐2016 VSCS Total Degrees and Certificates ■■ Retention rates across the VSCS Master's  and   Advanced   Degrees 4% Baccalaureate   Degrees 44% Certificates 9% Associate   Degrees 43% have increased 4.5% overall Source: VSCS Institutional Data from 2014 to 2016 Recent One-Year Retention Rates Peer Institutions Fall 2013– Fall 2014– Fall 2015– National Fall 2014 Fall 2015 Fall 2016 Benchmark2 Castleton 69% 74% 75% 66% Johnson 68% 68% 69% 66% Lyndon 61% 67% 68% 66% Vermont Tech 71% 78% 70% 61% CCV1 48% 50% 52% 60% At CCV, less than 5% of all enrolled students (under 300) are included in this traditional measure of “first-time, full-time” student retention Benchmarks are an average of public institutions across the US with similar enrollment size and profile Source: VSCS Institutional Data VSCS Performance Indicators 2015-2016 Page 11 ■■ 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 Graduation  Rates  o f  First-­‐time,  Full-­‐time   Students Graduation Rates of First-time, Full-time Students 60 Percentage of 50 40 Additional  G raduates  at   150% 30 On-­‐Time   (2/4  year)   Graduation  Rate 20 National  Average   (42%) students starting in 2010 and graduating by 2016 10 Castleton Johnson Lyndon Source: VSCS Institutional Data Vermont  Tech Time  to  Completion   CCV Graduates Time to Degree Completion 600 Over half (53%) of CCV associate degree graduates complete their degree beyond the standard 3-year measure 500 400 300 200 100 Source: VSCS Institutional Data Page 12 2013 2014 2015 10 11+ 2016 Graduation Year Complete report available at www.vsc.edu/data executive summary Affordability ■■ 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 2016  US  College  Scorecard:  Average  Annual  Net  Cost  of   Attendance US College Scorecard: Average Annual Net Cost of Attendance, 2016 Clinton   CC  (NY) Adirondack  CC  (NY) Community   College  of  V ermont Greenfield   CC  (CT) CCNH   (average) Lyndon  State  College Johnson   State  College SUNY  Plattsburgh Salem  S tate  University   (MA) University  of  Vermont SUNY  Albany Husson  University  (ME) Westfield  State  University  (MA) University  of  Southern   Maine Castleton   University Eastern  CT  S tate  University Vermont  Technical   College Keene  State  College  (NH) Plymouth  State  University  (NH) Colby  Sawyer  College  (NH) Southern   Vermont  College Green  Mountain   College Norwich   University St  M ichael's  College Wentworth   (MA) Champlain   College Endicott   College  (MA) 5,000 VSCS Performance Indicators 2015-2016 10,000 15,000 20,000 25,000 30,000 35,000 Page 13 ■■ 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 Sources  of  VSC  System  Financial  Aid Other  Aid 8% Sources of Financial Aid to VSCS Students Institutional   Aid 22% Federal  Aid 57% State  Aid 13% Source: VSCS Institutional Data Millions Total Institutional Aid Provided to Students Total  Institutional  Aid  Provided  to   Students $12 $10 $8 $6 $7.85 Million $8.77 Million $9.82 Million $4 $2 $0 2012-­‐2013 2013-­‐2014 2014-­‐2015 Source: VSCS Institutional Data Page 14 Complete report available at www.vsc.edu/data ■■ 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 2016  U.S  College  Scorecard:  Typical  Total  Debt  of  Graduates   with  Debt Median debt of graduates with federal debt Greenfield   CC  ( CT) Co mmunity  Co llege  o f  Vermo nt Clinton  CC  ( NY) Adirondack  CC  ( NY) CCNH  ( average) Vermont  Technical   College SUNY  Albany University  o f  Vermont SUNY  P lattsburgh Eastern   CT  State   University University  of  Southern  M aine Westfield  State   University  ( MA) Southern  Vermont  College Salem   State   University  ( MA) Castleton  University Green   Mountain  College Keene   State   Co llege   (NH) Johnson  State  College Husson  University  ( ME) Wentworth  ( MA) Plymouth  State  University  ( NH) Norwich  University Lyndon  State  College Endicott  College  ( MA) Co lby  Sawyer   Co llege   (NH) Champlain  College St  M ichael's  College VSCS Performance Indicators 2015-2016 5,000 10,000 15,000 20,000 25,000 30,000 Page 15 CASTLETON UNIVERSITY COMMUNITY COLLEGE OF VERMONT JOHNSON STATE COLLEGE LYNDON STATE COLLEGE VERMONT TECHNICAL COLLEGE OFFICE OF THE CHANCELLOR PO BOX 7, MONTPELIER, VT 05601 P (802) 224-3000 F (802) 224-3035 E INFO@VSC.EDU WWW.VSC.EDU