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Retention Update Susan Awbrey November 2009

Retention Update Susan Awbrey November 2009. Why Retain Students?. Why Retain Students? Impact on student’s future - Life satisfaction and type of work - More career options - Better promotion opportunities

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Retention Update Susan Awbrey November 2009

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  1. Retention Update Susan Awbrey November 2009

  2. Why Retain Students?

  3. Why Retain Students? • Impact on student’s future • - Life satisfaction and type of work • - More career options • - Better promotion opportunities • - Higher lifetime earnings (Census Bureau 2006) • * $1.2 million high school • * $1.6 million associates degree • * $2.1 million bachelors degree • Impact on society • - Michigan’s economy calls for more college graduates • - More educated citizenry provides better decision making • Cost to university

  4. Budgetary Impact of Retention • Per student increase = 32 credits X $292.75 + 60 credits X $319.75 = $28,553* • Based on in-state tuition • Note: it takes 3 students who stay for only their first year to equal the amount of funding received from 1 graduate.

  5. How Does OU’s Retention Compare with Other Michigan Public Universities?

  6. Freshman to Sophomore Retention Rate Fall 2008; Source: IPEDS

  7. Oakland University First Year Retention Based on OIRA Data

  8. 6-Year Graduation Rates (IPEDS)

  9. Poor Retention is like Cholesterol and Vytorin: • It has at least two main causes: • Type of students, faculty engagement

  10. Type of Students

  11. Percent of New Students Entering Michigan Public Universities GPA 3.0 or Higher (College Board Handbook)

  12. Percent of Oakland University Incoming FTIACs with 3.0 High School GPA or Above Based on OIRA Data

  13. Institution’s Median Composite ACT Score for New Students Entering Michigan Public Universities (Barrons College Profiles)

  14. Why is just changing admissions criteria alone is not enough? • Raising entrance criteria eliminates less qualified students, but • doesn’t attract better students. • If done in isolation, it impacts funding needed to run institution • and to acquire resources to provide a quality education.

  15. What does it take to recruit higher achieving students? • * A Strong Reputation for Quality (National) • * Engaged Faculty • * Outstanding Facilities and Resources • * Student Scholarships and Grants

  16. Percent of Total Financial Aid Devoted to Scholarships and Grants vs. Loans and Work Study (Based on OIRA Data)

  17. Funding for Non-Need Based and Total Scholarships & Grants Based on OIRA Data

  18. Retention by Scholarship From Senate Presentation by Dr. Mary Beth Snyder

  19. Faculty Engagement of Students

  20. Comparison of First Year Retention Rates of Three Universities with Median ACTs of 22 Based on Data fromBarrons College Profiles

  21. 2007 National Survey of Student Engagement – First Year All NSSE Data from What First-year and Senior Students are Telling Us About Their Oakland University Experience, OIRA

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