SUSTAINABILITY OF TWO-YEAR HIGHER EDUCATION INSTITUTIONS IN PENNSYLVANIA “Weathering the Storm“ resentation for BA 592 Dr. Jennifer Edmonds December 6, 2
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SUSTAINABILITY OF TWO-YEAR HIGHER
EDUCATION INSTITUTIONS IN PENNSYLVANIA
“Weathering the Storm“
Presentation for MBA 592 Dr. Jennifer Edmonds December 6, 2016
Will Robinson –
Neumann University – 1999 - 2003 Board of Advisors – Graduate Business School
Delaware Military Academy –2001- 2008 Founding Board Chair
Pennsylvania Institute of Technology – 2011 - Chair – Board of Trustees
Welcome & Thank You
64 - FOR PROFIT PROPRIETARY SCHOOLS- 26,013
17 - COMMUNITY COLLEGES – 133,737
15 - NON-PROFIT JUNIOR COLLEGES- 8,045
Pennsylvania 2016
2014 – about 165,000 7.9% of Pennsylvania Population hold an associates degree
Proprietary Two Year Institutions
Average age – 25.09 Male 25.88 FemaleExamples – Chubb, ITT, McCann, Johnson Technical InstituteCambria-Rowe College & School of Technology (13)
July 2016 – Department of Education Ceased to recognize –Accrediting Council for Independent Colleges and Schools
FOR PROFIT PROPRIETARY SCHOOLS- 26,013
17 -COMMUNITY COLLEGES 133,737Families of less than $40K make up 35% of CC studentsOften first in their families to attend collegeTypically younger – just out of high schoolAverage net tuition is $6,600 / yearLower achieving high school graduatesHarrisburg Area CC = 19,121 studentsSubsidized by local governments
Most credits transferable to a 4 year college
15 - NON-PROFIT JUNIOR COLLEGES-8,045
Average tuition for a two-year nonprofit college is $19,167Smaller classes than CCs –mentoring, counseling, advising
Examples:Harcum, Lackawana, Manor, Pennsylvania Institute of Tech.Typically open admissions
Middle States Commission on Higher Education accreditation
Challenges for Two Year Colleges•Retention•Chronic Financial Distress•Little or no endowment•Economic Equilibrium•No research funding•Deep discounting•Alumni gifting•Open Admissions• Few dormitories
Challenges for Two Year Colleges•Retention•Chronic Financial Distress•Little or no endowment•Economic Equilibrium•No research funding•Deep discounting•Alumni gifting•Open Admissions• Few dormitories
Chronic Financial Distress
Composite Financial Index (CFI) Ratios – the life or death of a college
CFI–Financial Rating System that U.S. Dept. of Education uses to calculate the eligibility of colleges to receive student aid funds
Composite Financial Index – 4 RatiosPrimary Ratio = net assets / total operating expenses – minimum 0.4Net Income Ratio = operating surplus / divided by operating income (2% to 4%
Return on Net Assets = change in net assets divided by net assets at the beginning of the year (3% to 4%)Viability Ratio = net assets / total long term debt (1.2-2.0)
Two Year Colleges versus - Tuition for Wilkes University's bachelor's degrees in business is $15,432 per academic year.Luzerne County Community College - $6,642Safe entrance portal for underachieversTeaching focusAgile curriculum development
Slightly higher institutional commitment vs social
Pennsylvania Institute of Technology SurveyTwo Year MSCHE accredited institutionCampuses in Media, Pa and Center City Philadelphia466 Students – Survey sent to + Amazon $5 card43 responses
Add a Slide Title - 5
25.6%
20.9%20.9%
11.6%
9.3%2.3%
9.3%What is your age?
18 to 21 22 to 25 26 to 29 30 to 33
34 to 37 40 to 45 46 or older
48.8%25.6%
2.3%4.7%
9.3%9.3%
How likely are you to continue attending Pennsylvania Institute
of Technology next term?
Extremely likely Very likely
Somewhat likely Not so likely
Not at all likely I will be graduating
39.5%
27.9%
16.3%
4.7%11.6%
How likely are you to rec-ommend Pennsylvania Insti-tute of Technology to oth-
ers?
Extremely likely Very likely
Somewhat likely Not so likely
Not at all likely
32.6%
34.9%11.6%
9.3%4.7%
7.0%Overall, are you satisfied with your
experience at Pennsylvania Institute of Technology?
Extremely satisfied
Very satisfied
Somewhat satisfied
Neither satisfied nor dissatisfied
Somewhat dissatisfied
Very dissatisfied
Extremely dissatisfied
Sustainability Solutions
Merge or become branch location of a 4 year college
Court local employers/industries for specialized programs
Certificate Programs
Facility Sharing
Questions ? Concerns? Comments?
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Annual Conference. Montclair, N.J.: MSCHE.
Carey, k. (2014, 07 03). Corinthian College is Closing. Its Students may be Better Off as a Result. Retrieved from The New York Times - The Upshot:
http://www.nytimes.com/2014/07/03/upshot/corinthian-colleges-is-closing-its-students-may-be-better-off-as-a-result.html
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ReferencesHammons, J. (1975). Systems Orientation ot a Systems College. Personnel and Guidance Journal, 521-525.
Howley, C., Johnson, J., Passa, A., & Uekawa, K. (2014). College Enrollment and Persistence in rural Pennsylvania Schools. Washington, D.C.: Institute of Education Sciences.
Islam, N., Beer, M., & Slack, F. (2015). E-Learning Challenges Faced by Academics in Higher Education. Journal of Education and Training Studies, 102-112.
Lightweis, S. (2014). The Challenges, Persistence, and Success of White, Working-Class First-Generation College Students. College Student Journal, 461-467.
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Learning, 21-34.
Maher, M., & Macallister, H. (2013). Retention and Attrition of Students in Higher Education: Challenges in Modern Times to What Works. Higher Education Studies, 62-73.
Martin, J. (2013). Turnaround: Leading Stressed Colleges and Universities to Excellence. Baltimore: The John Hopkins University Press.
Mastroni, J., & Schwartz, C. (1998). Planning Comprehensively and Implementing Incrementally in an Age of Tightening Budgets. In A. Cohen, New Directions for Community
Colleges (pp. 49-58). San Francisco: Jossey-Bass Publishers.
McFarlane, D. (2010). Teaching Unmotivated and Under-motivated College Students: Problems, Challenges, and Considerations. College Quarterly, 1-5.
McGee, P., & Reis, A. (2012). Blended Course Design: A Synthesis of Best Practices. Journal of Asynchronous Learning Networks, 7-22.
Nunley, C., & O'Keefe, K. (2007). Community Colleges: What You Don't Know May Surprise You. Journal of College Admission, 2-5.
Retention in Pennsylvania Two-Year Colleges. (2014, 9 26). U.S. News & World Report.
References.
Selingo, J. (2016, 7 5). How We Can Make Higher Education Great Again. Retrieved from Linkedin: https://www.linkedin.com/pulse/how-we-can-make-higher-education-great-again-
jeff-selingo
Skari, L. (2014). Community College Alumni: Predicting Who Gives. Community College Review, 23-40.
Statista. (n.d.).
Strauss, L., & Volkwein, J. (2004). Predictors of Student Commitment at Two-Year and Four-Year Institutions. The Journal of Higher Education, 203-226.
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