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KCTCS

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  1. The Kentucky community and technical college system Budget Review Subcommittee on Postsecondary EducationPresident Jay K. Box

  2. KCTCS • The Kentucky Community and Technical College System was created in 1997 by the General Assembly with the introduction of House Bill 1, the Postsecondary Education Improvement Act. • KCTCS is a system of 16 independently accredited colleges that serve all 120 counties and collectively enroll more than 40% of the state’s undergraduate population.

  3. KCTCS • KCTCS students have multiple options for their educational path: • Short-term certificates that can be earned in a year or less • Associate’s degrees that can be earned in two years • All offered at a tuition rate about half of the other public institutions in Kentucky. • Many KCTCS students earn their credential and go directly into the workforce. While others start at a KCTCS college before transferring to a four-year university.

  4. Presentation • The KCTCS Student Profile • Comparative Data • Types of Financial Assistance • Student Financial Literacy and Understanding Loan Debt

  5. KCTCS Student Profile • Enrollment: 107,683 • Part-Time Students: 47% • Full-Time Students: 53% • Credential Seeking Students Receiving Financial Aid: 78% • Independent Students: 57% • Average Income: $24,102 • Total Financial Aid Awarded: $295,116,460

  6. Annual Cost of Attendance (COA)

  7. COA at 2 Year Institutions Contiguous States

  8. KCTCS – Affordability and Accessibility

  9. Types of Federal/State Student Aid

  10. Types of Federal Student Loans

  11. Additional Financial Data

  12. Student Financial Aid Literacy College financial aid offices cannot tell a student how much he or she should accept in aid; students are entitled to the full amount they qualify for, regardless of need. Thus, financial literacy is a must for our students. • All student borrowers receive Entrance and Exit Counseling as required by law to borrow federal loans. • All colleges provide financial literacy training either through First Year experience (FYE) classes, college orientation or through web resources. • All colleges routinely provide additional financial literacy awareness information.

  13. Debt Management Practices • KCTCS contracts with two loan default prevention vendors – KHEAA and EdFinancial. • Early Intervention Strategies • Repayment Education • Delinquency Resolution • KCTCS colleges utilize several strategies to help individuals in default: • Text and email reminders to use available resources (such as the National Student Loan Database System and the DOE’s Federal Student Aid Website) • Calling campaigns to offer student loan repayment guidance

  14. We offer the most affordable education in Kentucky and we are dedicated to keeping higher education accessible for all Kentuckians.

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