Graduation Rate Report January 2016

Transcription

1 Graduation Rate Report January 2016 Summary Four Year Graduation Rate (cohort rate for 2008 entrants) Minnesota Private College Council member institutions have long been leaders in graduating students in four years. Our 17 member institutions have a combined four year graduation rate of 66%. This compares to: o o o 51% at the University of Minnesota (all campuses), 58% at the University of Minnesota Twin Cities and 23% at the Minnesota State 4 year Universities (MnSCU). National Comparison Nationally, Minnesota Private College Council member institutions graduation rate ranks 3 rd behind Maryland and the District of Columbia. Member institutions collectively rank first in the Midwest. Students of Color Member institutions 4 year graduation rate for students of color is 52% compared to at the University of Minnesota and 13% at MnSCU. Productivity Students Entering in 2008 Students Graduating 4 Years Later MPCC Member Institutions 8,836 5,797 Public 4 Year Institutions 16,897 6,122

2 Minnesota Postsecondary Graduation Rates by Sector by Race (Class Starting in 2008) Minnesota's Private Colleges (MPCC) Minnesota State Universities University of Minnesota Other Private not for profit Colleges (4 Year) Private for profit Colleges (4 Year) Grand Total Source: U.S. Department of Education, IPEDS 2008 Cohort Note: Calculation for Students of Color does not include unknown race/ethnicity or nonresident values Analysis: Minnesota Private College Council, January 2016 Grand Total White All Students of Color American Indian / Alaskan Native Asian Black Hispanic Native Hawaiian / Pacific Islander Two or More Unknown Race/ Ethnicity Nonresident Bachelor's or equivalent adjusted cohort 8,836 7,115 1, year graduation 66% 69% 52% 53% 57% 36% 55% 100% 64% 45% 69% 5 year graduation 73% 76% 62% 58% 68% 51% 62% 100% 70% 50% 76% 6 year graduation 74% 77% 64% 58% 69% 53% 63% 100% 71% 52% 78% Bachelor's or equivalent adjusted cohort 8,984 7, year graduation 23% 25% 13% 9% 9% 6% 20% 20% 16% 23% 19% 5 year graduation 43% 45% 18% 25% 22% 34% 30% 35% 39% 38% 6 year graduation 48% 50% 33% 20% 32% 26% 37% 30% 44% 46% Bachelor's or equivalent adjusted cohort 7,913 6,206 1, year graduation 51% 53% 36% 45% 30% 48% NA NA 34% 50% 5 year graduation 69% 71% 59% 53% 64% 50% 63% NA NA 51% 69% 6 year graduation 72% 74% 63% 56% 68% 55% 66% NA NA 54% 71% Bachelor's or equivalent adjusted cohort 1, year graduation 42% 44% 32% 33% 25% 32% NA 0% 24% 5 year graduation 55% 57% 44% 47% 35% 45% NA 0% 39% 6 year graduation 58% 45% 47% 45% NA 0% 39% Bachelor's or equivalent adjusted cohort year graduation 30% 36% 26% NA 31% 17% 29% NA 0% 25% 25% 5 year graduation 36% 45% 34% NA 38% 22% 47% NA 0% 27% 25% 6 year graduation 37% 45% 39% NA 45% 26% 47% NA 0% 27% 75% Bachelor's or equivalent adjusted cohort 27,252 22,042 3, , year graduation 46% 48% 36% 33% 43% 25% 38% 31% 34% 44% 5 year graduation 63% 51% 47% 59% 52% 46% 46% 42% 59% 6 year graduation 63% 66% 55% 49% 63% 45% 55% 46% 50% 44% 63%

3 100% Graduation Rates of Minnesota and US Institutions by Sector 80% MPCC members 66% 74% University of Minnesota (all campuses) 51% 72% State Universities (MnSCU) 48% Other Minnesota Private Not for Profit Colleges 42% 58% Nationwide Private Nonprofit Institutions 66% 52% Nationwide Public Institutions 34% 59% 20% 23% 0% 4 year 6 year Percent of Students Completing a Bachelor's Degree (Full time, First time Undergraduates who Began a 4 Year Program in 2008) Source: U.S. Department of Education, IPEDS 2008 Cohort Analysis: Minnesota Private College Council, January year 6 year 4 year 6 year 4 year 6 year 4 year 6 year 4 year 6 year

4 Minnesota and National Four Year Graduation Rates for Students of Color 52% 50% 44% 32% 30% 26% 26% 20% 13% 10% 0% Minnesota Private College Council University of Minnesota Source: U.S. Department of Education, IPEDS 2008 Cohort Analysis: Minnesota Private College Council, January 2016 Minnesota State Universities Other MN Nonprofits Minnesota For Profits National Nonprofits National Publics

5 Minnesota Private College Council Member Institutions 8,836 5,797 Minnesota Public 4 Year Institutions 16,897 6,122 (20,000) (15,000) Entering Full Time (10,000) Freshmen (5,000) in 2008 Number 5,000 Graduating 10,000 After 4 Years Source: U.S. Department of Education, IPEDS 2008 Cohort Analysis: Minnesota Private College Council, January 2016

6 District of Columbia Maryland MPCC Members* Rhode Island Connecticut Minnesota Massachusetts Pennsylvania Maine Vermont Oregon California Washington New Hampshire Indiana Colorado New York Iowa Illinois Alaska Ohio Nebraska Louisiana New Jersey North Carolina Missouri Wisconsin Tennessee Texas Georgia Arkansas South Dakota Virginia Michigan Kentucky South Carolina Oklahoma Florida Montana West Virginia Mississippi Kansas Arizona Nevada Utah New Mexico Alabama North Dakota Hawaii Idaho Delaware Private Nonprofit 4 Year Graduation Rate by State 16% 68% 67% 66% 65% 64% 63% 62% 61% 61% 61% 59% 58% 58% 55% 55% 54% 53% 53% 51% 51% 50% 50% 49% 47% 47% 47% 45% 44% 44% 39% 38% 37% 37% 37% 37% 34% 33% 32% 29% 29% 25% 25% Source: Minnesota Private College Council analysis of IPEDS graduation rate data for 2008 cohort. * The Minnesota Private College Council members includes the 17 members of the association. The "Minnesota (all nonprofits)" category includes six additional nonprofits in Minnesota. 0% 10% 20% 30% 50% 70% 80%

7 MPCC Members* Delaware New Hampshire Vermont Virginia Washington New Jersey South Carolina Maryland Pennsylvania Connecticut Iowa Illinois Florida New York Arizona Massachusetts North Carolina Minnesota California Indiana Colorado Michigan Ohio Missouri Oregon Rhode Island Maine Wisconsin Kansas Texas Mississippi Georgia Kentucky Alabama Nebraska South Dakota West Virginia Oklahoma Wyoming Arkansas North Dakota Tennessee Louisiana Montana Utah Hawaii Idaho Nevada New Mexico Alaska District of Columbia Public 4 Year Graduation Rate by State 5% 10% 45% 44% 43% 43% 43% 43% 43% 39% 39% 36% 35% 34% 34% 34% 33% 33% 32% 32% 30% 29% 27% 26% 26% 26% 25% 25% 24% 24% 23% 23% 23% 21% 20% 19% 18% 17% 16% 14% 55% 53% 52% 0% 10% 20% 30% 50% 70% 66% Source: Minnesota Private College Council analysis of IPEDS graduation rate data for 2008 cohort. * The Minnesota Private College Council members includes the 17 members of the association. The "Minnesota (all nonprofits)" category includes six additional nonprofits in Minnesota.

8 Graduation Rate Trends: Percent of Cohort Graduating in Four Years by Sector 100% 90% 80% 70% 50% 30% 20% +5 Percent Since Percent Since Percent Since Percent Since % 0% Source: U.S. Department of Education, IPEDS 1998 through 2008 Cohort. Analysis: Minnesota Private College Council, January Entering Cohort Year Minnesota Private College Member Institutions University of Minnesota State Colleges and Universities Other Private Not For Profits

9 Graduation Rate Trends Percent Graduating in Four Years: Minnesota's Private Colleges Compared to All Other Not For Profit Colleges in U.S. 100% 90% 80% 70% 61% 63% 61% 65% 66% 64% 64% 66% 65% 65% 66% 50% 30% 20% 10% 0% 50% 50% 50% 51% 51% 51% 52% 52% 53% 53% 52% Minnesota Private College Member Institutions Nationwide Private Not For Profit Entering Cohort Year Source: U.S. Department of Education, IPEDS 1998 through 2008 Cohort. Analysis: Minnesota Private College Council, January 2016.

10 COMPARING COLLEGE COSTS considering graduation rates and lost earnings $120,000 $100,000 TOTAL: $124,548 TOTAL: $108,932 Graduating from a private nonprofit college in 4 years is less costly than graduating from a public college in 6 years. $80,000 $79,800 $60,000 TOTAL: $59,830 $79,800 Opportunity cost lost earnings for two years of employment $40,000 $20,000 $0 $59,830 Minnesota Private College Council Members $16,868 $27,881 University of Minnesota All Campuses $10,690 $18,442 MnSCU 4 Year Institutions 4 year grad rate: 66% 6 year grad rate: 72% 6 year grad rate: 48% Average net tuition for 5th and 6th years Average 4 year net tuition Analysis: Minnesota Private College Council, January Note: Estimated annual lost earnings of $39,900 is from Michigan State University's Collegiate Employment Research Institute report "Recruiting Trends "