Act 606: Financial Aid Training 3-Hour. Academic Challenge Scholarship

Act 606: Financial Aid Training3-Hour

Academic Challenge Scholarship

It is our hope that the lottery funded scholarship known as the Arkansas Academic Challenge Scholarship will:--increase student success--reduce student loans--prepare more students for high wage high demand jobs benefit Arkansas’s economy--increase the percentage of adults in Arkansas that hold a college degree

• Increase participation of direct-from-high-school students from 3,600 to over 10,000 annually

• Projected to serve over 29,000 students during the 2010-11 academic year

“NEW” Academic Challenge

Arkansas Academic Challenge Scholarship

• Student categories– Traditional – Current Achiever– Nontraditional

General Eligibility Requirements

• U.S. Citizen or Lawful Permanent Resident• Arkansas Resident• Attend an eligible Arkansas Institution• Satisfactory Academic Standing• Continuing Eligibility Requirements


• Scholarships awarded under the “NEW” Academic Challenge will begin Fall 2010

• NO INCOME REQUIREMENT• Aligned with Smart Core • Expanded to include nontraditional students• Basic eligibility criteria

– Traditional Students• Accepted for admission at an approved institution of higher education as

a full-time student in a program of study that leads to a baccalaureate degree, associate degree, qualified certificate or a nursing school diploma

• Applicant must complete the YOUniversal Scholarship Application and the FAFSA

Academic Challenge Scholarship Traditional

– Traditional Student requirements (cont..)Must meet one of the following criteria:

– Graduate from an Arkansas public high school, successfully complete the Smart Core curriculum and achieve a 2.5 high school GPA OR obtain a 19 on the ACT

– (before 2014 -- No Smart Core), Graduate from an Arkansas public high school, achieve a 2.5 high school GPA AND obtain a 19 on the ACT OR score proficient on all state-mandated end-of-course assessments

– If student graduates from an Arkansas public high school that is identified as a school in which 20% or more of the students received a letter grade of “B” or higher but did not score proficient or higher on the end-of-course assessment, the student must achieve a 2.5 high school GPA AND obtain a 19 on the ACT OR score proficient on all state-mandated end-of-course assessments

Grade Inflation Clause

Delayed Until 2011


– If a student has a disability identified under the Individuals with Disabilities Education Act and graduated from an Arkansas public high school but did not complete the Smart Core because of the applicant’s individualized education program, the student must achieve a 2.5 high school GPA AND obtain a 19 on the ACT OR score proficient on all state-mandated end-of-course assessments

– Graduate from a private, out-of-state high school or home school and achieve a 19 on the ACT


Continued Eligibility Criteria:– Maintain a 2.50 cumulative GPA– Complete 27 semester hours the first academic year and

30 semester hours each year thereafter

– Renewed annually until recipient first:1. Earns Bachelor’s degree2. Attempts a total of 130 semester hours in 8 semesters

The Academic Challenge Scholarship requires “Traditional” students to:

--- take 12 hours during the first Fall semester after high school graduation and take 15 hours each semester thereafter--- complete remediation within the first 30 hours of coursework

Academic Challenge Scholarship Current Achievers

– Current Achievers• Accepted for admission at an approved institution of

higher education as a full-time student in a program of study that leads to a baccalaureate degree, associate degree, qualified certificate or a nursing school diploma


Academic Challenge Scholarship Current Achievers

Current Achievers• Must meet all of the following criteria

– Entered college before the 2010-11 academic year as a full-time first-time freshman within 12 months after graduating high school

– Has been continuously enrolled (fall and spring), completing at least 12 hours each semester, since high school graduation

– Has completed at least 12 semester credit hours at an approved Arkansas institution

– Achieved a 2.5 postsecondary GPA

Academic Challenge Scholarship Current Achiever

Continued Eligibility Criteria:– Maintain a 2.50 cumulative GPA– Complete 15 semester hours each consecutive semester

(Fall & Spring)


The Academic Challenge Scholarship requires “Current Achiever” students to:

--take 15 hours each semester -- complete remediation within the first 30 hours of coursework

Funding CAP for Current Achievers

• Current Achiever student funding: – $41.5 Million for 2010-2011– If sufficient funds are not available, awards will be

prioritized• Level of progress toward completion of their baccalaureate or associate

degree, certificate program or nursing diploma• Highest cumulative GPA• Students majoring in an area identified as a critical workforce need, and

the STEM fields

Academic Challenge Scholarship Nontraditional

Nontraditional Students• Accepted for admission at an approved institution of

higher education as a full-time or part-time student in a program of study that leads to a baccalaureate degree, associate degree, qualified certificate or a nursing school diploma



– Nontraditional Students• Must meet one of the following criteria

– Graduate from an Arkansas public high school and achieved a 2.5 high school GPA or obtained a 19 on the ACT; or

– Graduated from a private high school, out-of-state high school, home school or obtained a GED and achieved a 19 on the ACT; or

– Has completed at least 12 semester credit hours and achieved a 2.5 postsecondary GPA.


Continued Eligibility Criteria:– Maintain a 2.50 cumulative GPA– Complete 15 semester hours each semester (Fall and

Spring) if a full-time student and at least 6 semester hours each semester if a part-time student


The Academic Challenge Scholarship requires “Nontraditional” students to:

--- take at least 6 hours each semester for part-time --- take at least 15 hours each semester for full-time--- complete remediation within the first 30 hours of coursework

Funding CAP for Nontraditional Students

• Nontraditional student funding: – $17.9 Million for 2010-2011– If sufficient funds are not available, awards will be

prioritized• Level of progress toward completion of their baccalaureate or associate

degree, certificate program or nursing diploma• Highest cumulative GPA • ACT or ACT equivalent score• Students majoring in an area identified as a critical workforce need, and

the STEM fields

AWARD AMOUNTS

– $5,000 per year for full-time students at a 4-year institution

– Scholarship at a 2-year college will be one-half (50%) of the scholarship award amounts for 4-year institution

– Award amounts will be prorated for part-time students (only applies to nontraditional category)• ½ award amount – 6-8 hours• ¾ award amount – 9-14 hours


Application Deadline Dates:– Traditional Students

• June 1 of senior year in high school• Can start applying in November of Senior year

– Current Achiever Students• June 1 for the Fall term• November 1 for the Spring term (subject to change)

– Nontraditional Students• June 1 for the Fall term• November 1 for the Spring term (subject to change)

Application/Award Statistics

• Number of Applicants:– Traditional (High School Seniors) – 16,951– Current Achiever/Nontraditional – 45,004

• Number Awarded (so far): as of 12/10/2010

– Traditional (High School Seniors) – 12,887– Current Achiever/Nontraditional – 12,267

Administrative Processing

1. Electronic (TRIAND) transcripts – Transcript retrieval– Smart Core criteria– GPA– ACT & other test scores

2. Notifications to students (emails)1. Award Notices2. Incomplete Notices3. Ineligible Notices

New Universal Application for ADHE Scholarships and Grants

www.adhe.edu

Launched on January 1, 2010Search and apply for all ADHE administered scholarships

and grants at one timeReceive e-mail status notificationsAvailable all year, but deadlines built into processingManage your account 24/7 to include:

Updating personal information and collegeReviewing transcript and test score information

Universal Application Homepage

Scholarship Reporting System for Counselors

Reporting abilities:– List of Seniors that have submitted scholarship

application– Status of Application– Provide the ACT/GPA/Smart core indication that is

being used to evaluate student

• What other reporting items would be helpful???

QUESTIONS???

Contact Information:[email protected](501) 371-2050

mailto:[email protected]

Financial Aid in Arkansas

Financial Aid Programs Administered by the Arkansas Department of Higher

Education

ADHE Programs

• Academic Challenge Scholarship (Lottery)• Governor’s Scholars Program • Higher Education Opportunity Grant (GO Opportunities) • State Teacher Education Program (STEP)• Teacher Opportunity Program (TOP) • Military Dependents’ Scholarship • Law Enforcement Officer’s Dependents Scholarship• Arkansas Health Education Grant (ARHEG)• Workforce Improvement Grant

General Eligibility Requirements

• U.S. Citizen or Permanent Resident Alien• Arkansas Resident• Eligible Arkansas Institution• Satisfactory Academic Standing• Continuing Eligibility Requirements

• Scholarship program that encourages Arkansas’s best & brightest high school students to remain in Arkansas for their college education

• Categorized into two (2) designations:– Governor’s Distinguished Scholarship (up to $10,000 per year)

• 32 ACT or 1410 SAT; and• 3.5 academic GPA; or• National Merit or National Achievement Finalist

– Governor’s Scholarship (up to $4,000 per year)• 27 ACT; or • 3.5 academic GPA• Students ranked based on ACT, GPA, Rank In Class & Leadership• Awarded to one (1) student per Arkansas county

Governor’s Scholars Program

• Full-time - 15 semester hours– 12 semester hours 1st semester freshman year

only• Governor’s Distinguished Scholarship - maintain a

3.25 GPA• Governor’s Scholarship – maintain 3.0 GPA• Recipients must complete 27 hours the first year and

30 hours each year thereafter• Program leads to a bachelor’s degree• Deadline - February 1st

Higher Education Opportunities Grant• Known as the “Go! Grant”• Need-based grant program that provides

assistance to disadvantaged students– Full-time = $1,000 per year– Part-Time = $500 per year

• Renewable for up to $4,000

Higher Education Opportunities Grant(GO! Grant)

Basic Eligibility Requirements:

– Accepted for admission in a qualified certificate program, associate degree program or a baccalaureate program at an approved institution

– Demonstrate financial need (complete FAFSA)• $25,000 max family AGI for family with one (1) in the household

– Additional $5,000 per additional number in household up to ten (10) additional household members

– Recipients must maintain 2.0 GPA & continue to meet the need criteria

– Available to any student that meets the basic eligibility requirements regardless of age and high school grad date (traditional & non-traditional students)

State Teacher Education Program (STEP)

• Basic Eligibility Criteria– Hold a valid Arkansas teaching license– Teach full-time in a public school district in Arkansas in a

designated shortage area– Graduate from a teacher education program after April

2004– Have an outstanding federal student loan balance

• Loan Repayment Amounts:– $3,000 per year for a maximum of three (3) years for

teaching in a subject and/or geographic shortage area• Additional $1,000 per year minority teacher

Teacher Opportunity Program (TOP)

• Basic eligibility criteria– Be employed as a classroom teacher or administrator

by a school district in the state for no less than three (3) years

– Returns to an approved institution of higher education to pursue additional education related to job

• Priority will be given to those applicants that are pursuing an additional licensure in a subject area declared to be a shortage area

• Award Amount: Reimbursement– Cost associated with six (6) semester credit hours or

the equivalent

Critical Academic Shortage Areas– Math (Secondary)– Middle Childhood– Special Education– Science (Secondary)

• Life/Earth Science (7-12)

• Physical/Earth Science (7-12)

– Foreign Language• Spanish• French• Mandarin Chinese

– Library Media– School Counselor– Gifted & Talented

Military Dependents Scholarship

• Dependent or spouse of MIA, KIA or POW or 100% permanent and total disability

• Arkansas resident• State supported college, university or technical

institute• Must apply for Chapter 35 benefits from the

VA• Waiver of tuition, fees, room and board in

excess of VA benefits

Law Enforcement Officers Dependents Scholarship

• Dependent/spouse of Arkansas law enforcement officer

• Killed or totally disabled in the line-of-duty• State supported college, university or

technical institute• Waiver of tuition, fees and room• Under 23 years old (except spouse)

Eligible Law Enforcement Officers

• State Highway Police• Municipal Police• Sheriff or Deputy Sheriff• Constable• Game Warden• Municipal Firefighter• Some Highway Department Employees

Eligible Law Enforcement Officers

• State park employees• State forestry employees when fighting fires • State correction employees• Emergency Medical Technicians• Department of Community Punishment

Employees• Teachers

Arkansas Health Education Grant (ARHEG)• Provides assistance for Arkansas residents

attending certain out-of-state health and medical professional schools– School of Dentistry– School of Optometry – School of Veterinary Medicine– School of Podiatric Medicine– School of Chiropractic Medicine– School of Osteopathic Medicine

http://rds.yahoo.com/_ylt=A0WTb_tRV3tKYiUAMdeJzbkF;_ylu=X3oDMTBpdnJhMHUzBHBvcwMxBHNlYwNzcgR2dGlkAw--/SIG=1jul7gek1/EXP=1249683665/**http:/images.search.yahoo.com/images/view

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Workforce Improvement Program

• Students 24 and older that have unmet financial need

• Allocated to campuses based upon percentage of students 24 and older

• Up to $2,000 per year

Financial Aid in a Nutshell

Money from a source other than the family to assist with the cost of attending college

Types of AidGift Aid

– Grants

– Scholarships

Non-gift Aid– Loans

– Employment

Sources of Aid• Federal government

• States

• Colleges

• Private sources

Financial Need

Cost of Attendance (COA)

– Expected Family Contribution (EFC)

Financial Need

Cost of Attendance

• Direct costs

• Indirect costs

• COA varies widely from college to college

Expected Family Contribution (EFC)

• Amount family can reasonably be expected to contribute

• Stays the same regardless of college• Two components

– Parent contribution– Student contribution

• Calculated using FAFSA data and a formula specified in law

FAFSA4caster

Why do we need the FAFSA4caster?

• Help students determine how they are going to pay for college

• Eligibility for aid influences decisions about college

• Financial aid planning process before college applications are due

Benefits of the FAFSA4caster• Provides an estimated Expected Family

Contribution (EFC)

• Calculate eligibility for federal aid, including grants

• Reduce time to complete the Free Application for Federal Student Aid (FAFSA)

PIN Registration• Web site: www.pin.ed.gov• Can request PIN before

January 1, 2010• Not required, but speeds

processing• May be used by students and

parents throughout aid process, including subsequent school years

Special Circumstances

• Dependent students having difficulty obtaining parental information– May submit incomplete FAFSA– FAFSA provides examples of acceptable and

unacceptable special circumstances– Students should contact financial aid office at their

college– Students must document their special

circumstance

Private Sources

• Foundations

• Community organizations and civic groups

• Religious or ethnicity-based organizations

• Organizations related to student’s field

• Local businesses and employers

Sources of Information• USDE Counselor’s Website

www.fsa4counselors.ed.gov• ADHE Website

www.adhe.edu• Arkansas Student Loan Authority

www.fundmyfuture.info• Student Aid on the Web

www.studentaid.ed.gov• Federal Student Aid Gateway

www.federalstudentaid.gov• Free Application for Federal Student Aid

www.fafsa.ed.gov

http://www.fsa4counselors.ed.gov/

http://www.adhe.edu/

http://www.fundmyfuture.info/

http://www.studentaid.ed.gov/

http://www.federalstudentaid.gov/

http://www.fafsa.ed.gov/

Sources of Information

• FAFSA PIN Applicationwww.pin.ed.gov

• FAFSA Forecasterwww.fafsa4caster.ed.gov

http://www.pin.ed.gov/

http://www.fafsa4caster.ed.gov/

59

Future of Arkansas Higher Education

State Per Capita Personal Income v. Share of AdultPopulation with Bachelor's Degree or Higher (2008)

$16,000

$18,000

$20,000

$22,000

$24,000

$26,000

$28,000

$30,000

$32,000

$34,000

$36,000

$38,000

15% 20% 25% 30% 35% 40% 45% 50%

Percentage of Adult Population with a Bachelor's Degree or Higher

Per

Cap

ita

Inco

me

Source: U.S. Census Bureau, ACS 2006

DC

TX

NM

FL

NDNC

AL

IN

LA

MIWI

SD

WY

TN

NV

AR

IAOH

ID

SCKY

MS

WV

MOME

AZ

VA

NJ

PA

MD

MT

CT

MA

CO

NE

AK

GAHI

KSOR

DE

IL

RI MN

WA

UT

VT

NHNY

CA

OK

No state with a low proportion of Bachelor’s degrees has a high per

capita income.

No state with a high proportion of Bachelor’s

degrees has a low per capita income.

2008= 18.8%

2002= 19.7%

2006 2005 200220072008

60

U.S. Census BureauData Set: Census 2000 Summary File 3 (SF 3)

18.1% - 28.1%

12.0% - 18.0%

6.3% - 11.9%

White15.5%

Union14.9%

Yell10.9%

Scott16.4%

Clark19.8%

Ashley10.1%

Polk10.9%

Pope19.0%

Drew17.3%

Clay7.4%

Benton20.3%

Desha11.1%

Lee7.3%

Logan9.4%

Saline9.6%

Pulaski28.1%

Arkansas12.2%

Newton11.8%

Lonoke14.6%

Cross9.9%

Chicot11.7%

Dallas9.6%

Stone9.8%

Prairie9.0%

Sharp9.2%

Phillips12.4%

Grant11.0%

Madison10.1%

Fulton10.5%Carroll

13.8%

Jefferson15.7%

Miller12.5%

Searcy8.4%

Pike10.1%

Izard11.7%

Marion10.4%

Poinsett6.3%

Boone12.7%

Baxter12.8%

Garland18.0%

Perry11.1%

Sevier16.6%

Mississippi11.3%

Bradley11.9%

Washington24.5%

Monroe8.4%

Johnson13.1%

Ouachita12.7%

Lincoln7.6%

Columbia16.8%

Nevada10.7%

Greene10.9%

Jackson10.3%Franklin

11.0%

Faulkner25.2%

Calhoun7.3%

Conway11.5%

Van Buren11.5%

Craighead20.9%

Randolph10.6%

Crawford9.7%

Woodruff8.0%

Cleburne13.9%

Montgomery8.8%

Lawrence8.5%

Crittenden12.8%

St. Francis10.3%

Cleveland10.0%

Hot Spring11.2%

Sebastian8.4%

Little River9.9%

Howard11.6%

Hempstead11.0%

Lafayette9.5%

Independence13.7%

Arkansas ranked 51st (16.7%) Nation-wide in 2000 for Bachelors & Higher

Percent of County Populationthat hold Bachelors & Higher 2000

Pope 19.0%

Washington 24.5%

Pulaski 28.1%

Clark 19.8%

Benton 20.3%

Faulkner 25.2%

Craighead 20.9%

Where Arkansas Bachelors Degree (and higher) Holders live

(2000)

U.S. Census BureauData Set: Census 2000 Summary File 3 (SF 3)

23.00%

2.31% - 8.00%

0.10% - 2.30%

Yell0.5%

White2.3%

Union1.5%

Scott0.2%

Polk0.5%

Clark0.9%

Pope2.3%

Drew0.7%

Ashley0.5%

Clay0.3%

Benton7.0%

Desha0.4%

Lee0.2%

Pike0.3%

Logan0.5%

Miller1.1%

Saline3.2%

Izard0.4%

Grant0.4%

Pulaski23.0%

Arkansas0.6%

Newton0.2%

Lonoke1.7%

Cross0.4%

Chicot0.4%

Dallas0.2%

Stone0.3%

Perry0.3%

Prairie0.2%

Sharp0.4%

Phillips0.7%

Fulton0.3%

Madison0.3%

Carroll0.8%

Jefferson2.9%

Searcy0.2%

Marion0.4%

Poinsett0.4%

Boone1.0%

Baxter1.3%

Garland3.9%

Sevier0.3%

Mississippi1.2%

Bradley0.3%

Washington8.0%

Monroe0.2%

Johnson0.7%

Ouachita0.8%

Lincoln0.3%

Columbia0.9%

Nevada0.2%

Greene0.9%

Jackson0.4%Franklin

0.4%

Faulkner4.4%

Howard0.4%

Calhoun0.1%

Conway0.5%

Van Buren0.5%

Craighead3.7%

Randolph0.4%

Crawford1.1%

Woodruff0.2%

Cleburne0.8%

Montgomery0.2%

Lawrence0.3%

Crittenden1.3%

St. Francis0.6%

Cleveland0.2%

Hot Spring0.8%

Sebastian4.3%

Little River0.3%

Hempstead0.6%

Lafayette0.2%

Independence1.1%

Arkansas ranked 51st (16.7%) Nation-wide in 2000 for Bachelors & Higher

60% of all college AR graduates reside in 9 counties

Pulaski 23.%

• Strengthening the Arkansas Education Pipeline

4641

29

1612

4

100

74

9th GradeEnrollment

High SchoolGrads

EnrolledDirectly into

College

First-timeFull-timeDegreeSeekingCohort

RetainedAfter 1 Year

GraduatedWithin 6Years

WithAssociate

Degree

WithBachelorDegree

Percent 96-97 Arkansas 9th Grader’s Progression into High School and College (percent)

100%

71%

28%

Fall 2000 College Freshmen

96-97 Arkansas 9th Grader’s Progression into High School and College (number)

17,11615,172

10,701

5,817

37,160

1,4934,324

27,335

9th GradeEnrollment

High SchoolGrads

EnrolledDirectly into

College

First-timeFull-timeDegreeSeekingCohort

RetainedAfter 1 Year

GraduatedWithin 6Years

WithAssociate

Degree

WithBachelorDegree

Fall 2000 College Freshmen

100%

71%28%

Arkansas_cnty.shp12 - 2526 - 4950 - 74

Reading Remediation Rates by CountyFall 2007

% Needing Remediation

First-time entering (full- and part-time) students seeking an associate or baccalaureate degree.


English Remediation Rates by CountyFall 2007





Math Remediation Rates by CountyFall 2007




Unduplicated Remediation Rates by CountyFall 2007


70

Arkansas Public Universities Six-Year Graduation Rates (2001 Cohort)

25.2%

22.3%

28.8%

19.2%

29.5%

58.9%

45.9%

0.0% 70.0%

Reading*

English *

Math *

Math, Reading and English

Any Remediation

Not Remediated

Fall Cohort

A student who has to take remediation graduates at less than half the rate of students who come to college with the requisite skills.

71

By the end of this decade, more than 60% of jobs will require college education1

26%Today, 26% of Arkansas’s young adults aged 25-34 have a college degree.2

1 Carnevale, T., Georgetown University Center on Education and the Workforce, 2009. High-growth fields based on national projections of total new and replacement jobs. http://cew.georgetown.edu/research/jobs/79012.html2 “College degree” means an associate degree, bachelor’s degree, or higher. National Center for Higher Education Management Systems (NCHEMS), 2008 (from U.S. Census Bureau, 2008 American Community Survey Public Use Microdata Sample File.) http://www.higheredinfo.org

Is 26% enough?

http://cew.georgetown.edu/research/jobs/79012.html

http://www.higheredinfo.org/

72

Current percentage of young adults (25-34) with a college degree3

3 “College degree” means an associate degree, bachelor’s degree, or higher. National Center for Higher Education Management Systems (NCHEMS), 2008 (from U.S. Census Bureau, 2008 American Community Survey Public Use Microdata Sample File.) http://www.higheredinfo.org

45% - 53%

39% - 44%

33% - 38%

26% - 32%

31%

36%

36%

29%31%

28%

41%

34%

36%

38%

48%34%

41%

44%

44%

50%

30%

37%

39%

34%

43%

46%

30%

40%

35%

26%

32%

36%

32%

48%

28%

43%

31%

36%

36%

32%42%

36%

36%

34%

28%

45%

44%46%

53%

46%

46%

41%

36%

43%


73

Current percentage of young adults (25-34) with a college degree3

3 “College degree” means an associate degree, bachelor’s degree, or higher. National Center for Higher Education Management Systems (NCHEMS), 2008 (from U.S. Census Bureau, 2008 American Community Survey Public Use Microdata Sample File.) http://www.higheredinfo.org

Arka

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Loui

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Nev

ada

Wes

t Virg

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New

Mex

ico

Alas

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klah

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Ariz

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Tenn

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eTe

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Alab

ama

Kent

ucky

Miss

issip

piG

eorg

iaId

aho

Sout

h Ca

rolin

aW

yom

ing

Flor

ida

Calif

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aD

elaw

are

Indi

ana

Mai

neM

ichi

gan

Mon

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Nor

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arol

ina

Ohi

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rego

nM

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tah

Was

hing

ton

Wisc

onsin

Colo

rado

Haw

aii

Kans

asVi

rgin

iaIll

inoi

sPe

nnsy

lvan

iaRh

ode

Isla

ndN

ebra

ska

Sout

h D

akot

aVe

rmon

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aryl

and

Conn

ectic

utIo

wa

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Ham

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Min

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Nor

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10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

26%

53%


74

1. Strengthening the Arkansas Education Pipeline

2. Improving Preparation 3. Decreasing Remediation 4. Accessing Financial Aid5. Increasing Retention and Graduation6. Enhancing Funding and Governance 7. Addressing Data Needs8. Supporting Economic Development 9. Issues for Further Study

75

Arkansas Higher Education is Changing

123,139

138,809

173,974

100,000

110,000

120,000

130,000

140,000

150,000

160,000

170,000

180,000

En

roll

men

t

Annual Unduplicated Enrollment, Public Institutions Only

41 percent increase in enrollment

76

Credentials Awarded are Increasing

15,531 15,498 15,857

16,674 16,942

18,132

19,840 20,162

21,608

22,475

23,543

25,019

27,833

15,000

17,000

19,000

21,000

23,000

25,000

27,000

29,000

AY1997 AY1998 AY1999 AY2000 AY2001 AY2002 AY2003 AY2004 AY2005 AY2006 AY2007 AY2008 AY2009

Cre

den

tial

s

Academic Year

Credentials Awarded, Public Institutions Only

79 % Increase in Credentials

234 % Certificate of Proficiency

31 % BA/BS Degrees

192 % Technical Certificates

120 % Associates Degrees

49 % Masters Degrees

93 % Doctoral Degrees

77

• Bright and Sunny • With a chance for late

afternoon showers

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Slate.com

112

Speed to Market and Close to Customer

Ed Barlow, Futurist:

1. Implement a series of initiatives that expedite the number of degrees produced and the speed at which degrees are produced.

2. Enhance the production of degrees in high –demand programs that are needed for the modern Arkansas economy.

3. Incentivize students to complete a degree and to work in Arkansas.

113

The following successes were accomplished with the help of legislative support during the last two years:

•Developed a universal scholarship web application that allows students to apply for the state’s 21 scholarship programs via one online application. • Reduced the major factor for tuition and fee increases in Arkansas which were caused by large numbers of tuition waivers in the form of institutional scholarships. These tuition waivers resulted in higher tuition costs for all students. • Provided for the seamless transfer of credits earned in completing an AA/AS degree to the universities. • Developed a “Comprehensive Accountability Report” that provides the good, bad and ugly of higher education (in general) and for each institution. • Expanded the eligibility for the state’s need-based scholarships to adult learners. Low income adults can now qualify for a $1,000 annual scholarship. • Developed the state’s lottery scholarship criteria. In addition to $53 million in new financial aid for traditional students, scholarship funds were also allocated for adult learners/returning students ($12 million) and currently enrolled students ($43 million for 2010 to be phased out over the next 3 years). The scholarship criteria for continuing eligibility are designed to encourage speed to graduation.• Established a standard remediation exit measure as a requisite for students moving into credit bearing courses in the remediated subject.

The following initiatives were conducted through ADHE policy revisions and receipt of grant funds.

• Based ten percent of the funding formula upon course completion FTE. • Doubled the academic program degree production standard from 3 to 6 degrees per

year . Slightly lower productivity standards for STEM and technical majors.• Altered the academic program review process to include technical experts for AS and

Certificates and out-of-state reviewers for BA/BS baccalaureate. • Developed a “financial condition” report that shows how higher education institutions

spend and manage their money. • Changed the metric for determining if an institution was financially viable to borrow

funds. In addition, institutions had to declare source of funds for maintenance. • Provided extensive professional development on student success strategies. • Promoted the importance of college readiness, college attendance and financial aid in

Arkansas high schools. Acquired more than $1,000,000 a year in funding from grants. • Provided for 43 Career Coaches to work in Arkansas’s poorest communities and high

schools with low college attendance. • Conducted a two-year adult learner task force of institutional leaders to determine

how our institutions could be more adult-friendly.

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Issues that higher education will be addressing in the next few years• Improving remediation – assure skill attainment and

maximize student success • Seamless transfer of credit among institutions • Maintaining financial aid programs• Maintaining state support for institutions • Increased accountability• Enhanced academic program viability/review• Out-of-state students • Increase bachelor’s degree production with a target of

7,000 more bachelor’s degree per year (11k -18k) by 2015 (an increase of 64%)

civic involvementcivic involvementvolunteer activity by

education levels

Bureau of Labor Statistics. (2003). Volunteering in the United States, 2003. USDL03-888. U.S. Department of Labor.

50%

40%

30%

20%

10%

0%

Less Than High School Diploma

High School Diploma

Some College

B.A. or Higher

9.9%(48 hours)

21.7%(48 hours)

34.1%(52 hours)

45.6% (60 hours)

Perc

enta

ge V

olun

teer

ing

blood donation by education level, 1994:

Source: DBD Worldwide. (2000). DBD Lifestyle Survey. Chicago. Available at www.bowlingalone.com

20%

15%

10%

5%

0%


High School Diploma

Some College

B.A. or Higher

6%

11%

13%

17%

Perc

enta

ge D

onati

ng B

lood

percentage who donate regularly

civic involvementcivic involvement

participation assistance programs

Source: Postsecondary Education Opportunity, May 28, 1997, pg 47.


High School Diploma

Some College& Bachelor’s

Degree or More

24.3%

10.2%

4.6%

Ever Participated in Assistance Programs

education level

governmentgovernment

governmentgovernmentincarceration rates by

education levels

2.5%

2.0%

1.5%

1.0%

0.5%

0.0%


High School Diploma

Some CollegeB.A. or Higher

1.9%

1.2%

0.3%0.1%

Perc

enta

ge In

carc

erat

ed

Source: Harlow, C.W. (2003). Education and Correctional Populations. Bureau of Justice Statistics, Department of Justice. NCJ195670.

economicPercent Below Poverty

Threshold, 2004

economicPercent Below Poverty

Threshold, 2004

Census Bureau

40%

30%

10%

0%


High School Diploma

Some College

B.A. or Higher

32%

15%

10%

4%

Perc

enta

ge H

ome

Ow

ners

hip

20%

economiceconomicunemployment rates and

education level, 2004

Source: Employment Policy Institute

10

8

6

4

2

0


High School Diploma

Some CollegeB.A. or Higher

9.7%

7.5%

5.1%4.6%

economiceconomic

Average family income by educational attainment,

2003

Source: Postsecondary Education Opportunity, 2005

25

175

50

100

75

125

150

0LT-9 9-12 HSG Some ProfMA PhDBAAA

Inco

me

($00

0)

College

3,798,9405,254,193Professional degree

2,527,3243,982,577Doctorate

1,507,8232,963,076Master's degree

$1,111,921$2,567,174Bachelor's degree

346,1201,801,373Associate degree

270,5691,725,822Some college, no degree

01,455,253High school graduate

-304,5551,150,698High school dropout

-$478,903$976,350Less than 9th grade

DifferenceCompared to

High School Graduate

EstimatedLifetimeEarnings

Education Level

Source: Federal Reserve Bank of Dallas, 2005

The Impact of Education on Individuals:Lifetime Earnings

economiceconomic

124

Contact [email protected]

mailto:[email protected]

http://www.adhe.edu/

Documents

Act 606: Financial Aid Training 3-Hour. Academic Challenge Scholarship