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Agenda Item No. 15

Agenda Item No. 15 . Economic Feasibility of Bond Issue for Arkansas Tech University. Relevant Information. $5.12 million for 30 years @ 5.25% Educational & General Purposes

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Agenda Item No. 15

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  1. Agenda Item No. 15 Economic Feasibility of Bond Issue for Arkansas Tech University

  2. Relevant Information • $5.12 million for 30 years @ 5.25% • Educational & General Purposes • Proceeds will be used to expand the engineering building, purchase academic facilities, expand the science facility, and various other capital improvements

  3. Relevant Financial Information • Net Budgeted 2008-09 Tuition and Fee Revenues ($30,310,403 - $9,829,085) . . . . . • Maximum Allowable Debt Service ($20,481,318 x 25%) . . . . . . . . . . . . . . . . . . • Existing Debt Service . . . . . . . . . . . . . . • Estimated Debt Service for Proposed Issue . . . . . . . . . . . . . . . . . . . . . . . . . . . • Tuition and Fee Revenue Remaining for Additional Debt Service. . . . . . . . . . . . . $20,481,318 $5,120,329 $2,418,690 $337,127 $2,364,512

  4. Agenda Item No. 16 Economic Feasibility of Bond Issue for Southern Arkansas University

  5. Relevant Information • $2.0 million for 30 years @ 5.50% • Educational & General Purposes • Proceeds will be used for the renovation and updating of current academic and administrative facilities.

  6. Relevant Financial Information • Net Budgeted 2008-09 Tuition and Fee Revenues ($16,592,017 - $5,814,092) . . . . . . . . • Maximum Allowable Debt Service ($10,777,925 X 25%) . . . . . . . . . . . . . . . . . . . • Existing Debt Service . . . . . . . . . . . . . . . . . . • Estimated Debt Service for Proposed Issue . . . . . . . . . . . . . . . . . . . . . . . • Tuition and Fee Revenue Remaining for Additional Debt Service. . . . . . . . . . . . . . . . . $10,777,925 $2,694,481 $1,600,861 $148,533 $945,087

  7. Agenda Item No. 17 Proposed Changes to Higher Education Bond Projects for Black River Technical College • Delete the Renovation of Classroom Facilities project in the amount of $220,000 and apply the funds to the Academic Complex • Academic Complex allocation is now $2.220 million

  8. Agenda Items No.18 Distribution of Mineral Lease Funds • It is recommended that up to $1.5 million be allocated to the University of Arkansas, Fayetteville for expenses associated with the connection and expansion of ARE-ON to all public universities in the state. • $3,055,554 has been distributed since April of 2007

  9. Arkansas Higher Education Coordinating Board Agenda Item 2: Retention and Graduation Rates April 24, 2009 Presented byRick Jenkins, Associate DirectorPlanning and Accountability

  10. What is Retention? • A student is retained if they enrolled in one fall term and returned to enroll in the next fall term. • ADHE’s methodology uses cohorts consisting of students that are: • first-time entering students, • full-time enrolled students, and • are seeking a degree or certificate

  11. Statewide Retention Rates Both the native and total retention rate for all Arkansas public colleges and universities has decreased slightly for the past five cohort years.

  12. 4.8 5.3 4.2 5.0 6.5 Retention Rates by Gender Females come back to college more frequently than males, but this “gender gap” is decreasing.

  13. Retention Rates by Race

  14. How Are Graduation Rates Calculated • ADHE’s methodology uses cohorts consisting of students that are: • first-time entering students, • full-time enrolled students, and • are seeking a degree or certificate [This number becomes the denominator] • Did the student in the above cohort graduate within six years (for universities) or within three years (for colleges)? [This number becomes the numerator.]

  15. National Graduation Rates • According to The National Center for Higher Education Management Systems (NCHEMS at www.higheredinfo.org), the latest nationwide NCES/IPEDS native graduation rates are for Cohort Year 2007 and are: • For Bachelors degrees = 56.1% • For Associates degrees = 27.8%

  16. University Graduation Rates Graduation Rates at Universities is down slightly.

  17. University Graduation Rates The University of Arkansas Fayetteville has the highest graduation rate among the universities, followed by the University of Central Arkansas.

  18. College Graduation Rates College graduation rates have been increasing since Cohort Year 2002.

  19. College Native Graduation Rates SAUT has the highest native graduation rates followed by ASUB and UACCH.

  20. College Cumulative Graduation Rates SAUT has the highest cumulative graduation rates followed by ASUB and UACCH.

  21. What is Success Rate? • Success Rate is the sum of the retention rate and the graduation rate (including both native and cumulative). • If a student has not yet graduated within the desired time period, but they are still enrolled, they are considered a success as they have not “dropped out!”

  22. University Success Rates University success rates are very similar to university graduation rates.

  23. College Success Rates Two-year college success rates are down over 2 percentage points since Cohort Year 2001.

  24. Summary • Statewide Retention Rates have decreased over the last 1 year and 5 years. • University Graduation Rates have decreased over the past 2 years, but have increased over the past 5 years. • College Graduation Rates have increased over the past 2 years, but have decreased over the past 5 years. • University Success Rates have decreased over the past 2 years, but have increased over the past 5 years. • College Success Rates have decreased over the past 1 year and have decreased over the past 5 years. • Overall, there seems to be no consistent trend.

  25. Arkansas Higher Education Coordinating Board Agenda Item 3: Athletes Retention and Graduation Rates April 24, 2009 Presented byRick Jenkins, Associate DirectorPlanning and Accountability

  26. One Year Retention Rates Athletes, especially athletes on scholarship, have higher retention rates than all Arkansas public college students.

  27. Six-Year Graduation Rates Athletes, especially athletes on scholarship, have higher graduation rates than all Arkansas public college students.

  28. Big Three Sports v. Other Sports Students participating in Women’s Basketball have the highest 6-year graduation rate followed by Other Sports, All Students at Arkansas public colleges, Men’s Basketball and Football.

  29. Summary • The athletic experience in Arkansas has a positive academic effect on athletes as, in most cases, they demonstrate higher retention and graduation rates than the overall student body. • The sports having the poorest retention and graduation rates are Football and Men’s Basketball.

  30. Arkansas Higher Education Coordinating Board Agenda Item 4: New Program Productivity April 24, 2009 Presented byRick Jenkins, Associate DirectorPlanning and Accountability

  31. Current Productivity Standards Productivity for certificate and associate programs (Degree Levels 1-4) are measured after three years. * Certificates of Proficiency programs – 3 awards per year * Technical Certificate programs – 3 awards per year * Associate degree programs – 3 awards per year * Advanced Certificate programs – 3 awards per year Baccalaureate and higher programs (Degree Levels 5-12) are measured after five years. * Baccalaureate degree programs - 3 awards per year * Post-Baccalaureate degree programs – 3 awards per year * Master’s degree programs – 2 awards per year * Specialist degree programs – 2 awards per year * Doctoral degree programs – 1 award per year * First Professional / Post-First Professional programs – 1 award per year The new AHECB standards for productivity begin in 2010.

  32. Degree Levels 1 - 4 • 44 new Certificate of Proficiency programs (Degree Level 1) started in AY 2005 (2004-2005) – 41 remain active • 68 new Technical Certificate programs (Degree Level 2) began in in AY 2005 (2004-2005) – 53 remain active • 18 new Associate degree programs (Degree Level 3) began in in AY 2005 (2004-2005) – 16 remain active • 2 new Advanced Certificate programs (Degree Level 4) began in in AY 2005 (2004-2005) – 2 remain active

  33. Degree Levels 1 - 4

  34. Degree Levels 5 - 12 • 10 new Baccalaureate degree programs (Degree Level 5) started in AY 2003 (2002-2003) – 9 remain active • 5 new Post-Baccalaureate degree programs (Degree Level 6) began in in AY 2003 (2002-2003) – 5 remain active • 13 new Masters degree programs (Degree Level 7) began in in AY 2003 (2002-2003) – 13 remain active • 2 new Specialist degree programs (Degree Level 8) began in in AY 2003 (2002-2003) – 2 remain active • There were no new Doctoral degree programs (Degree Level 9), First Professional degree programs (Degree Level 10), or other new programs that began in in AY 2003 (2002-2003)

  35. Degree Levels 5 - 12

  36. Degree Levels 1 - 4

  37. Degree Levels 5 - 12

  38. SUMMARY • Of the 132 new programs for Degree Levels 1-4 created in AY 2005, 20 programs (15.2) percent were discontinued in some manner. • Of the 132 new programs for Degree Levels 1-4 created in AY 2005, 65 programs (49.2 percent) met the productivity standards. • For Degree Levels 1-4, these institutions had success rates of 75.0 percent or higher -- UAFS, ASUB, ASUMH, ASUN, BRTC, CCCUA, OZC, RMCC, and SACC. • Of the 30 new programs for Degree Levels 5-12 created in AY 2003, 1 program (3.3 percent) was discontinued in some manner. • Of the 30 new programs for Degree Levels 5-12 created in AY 2003, 23 programs (76.7 percent) met the productivity standards. • For Degree Levels 5-12, these institutions had success rates of 75.0 percent or higher -- ASUJ, ATU, HSU, UALR, UAMS, UAPB, and UCA.

  39. New Program Viability Standards • The new Program Viability Standards as passed by the AHECB in 2008 will begin in 2010. If the new standards were in effect today, the impact would be: • 2 less Technical Certificates meeting standard(38 successful instead of 40 or 55.9 percent successful instead of 58.8 percent) • 1 fewer Baccalaureate degree meeting standard(6 successful instead of 7 or 60.0 percent successful instead of 70.0 percent) • 2 less Masters degrees meeting standard(11 successful instead of 13 or 84.6 percent successful instead of 100.0 percent) • 1 fewer Specialist degree meeting standard(1 successful instead of 2 or 50.0 percent successful instead of 100.0 percent)

  40. Agency Update

  41. RMCC • Legislative Postscript • Changes for Higher Education • Budget • Stimulus • Concurrent Task Force • Program Viability • Say Go College Campaign

  42. Rich Mountain Community College April 9, 2009

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