COLLEGE INFORMATION NIGHT

September 24, 20146:00pm

Agenda

• 6:00-6:30 Mrs. Sward

• 6:30-7:00 Mr. Michael WoodsVincennes University

Ms. Tara ThomsonIndiana State University

Mr. Tim HedrickToyota/VU Advanced Manufacturing

What is ‘college’?

• 1 year certificate program (i.e. Heating, Ventilation, and Air Conditioning Technology HVAC @ Ivy Tech)

• 2 year Associate’s Degree (i.e. A.S. in Law Enforcement @ VU)

• 4 year Bachelor’s Degree (i.e. Business Administration with a minor in Forensic Accounting @ ISU)

• Apprenticeship Program (i.e. Electricians Apprenticeship Program in Evansville www.evvjatc.org)

What is ‘college’?

The term ‘college’ is used collectively to mean any type of postsecondary

training beyond high school.

Importance of Higher Education

Why go to college?

Economic Impact for an Individual

College Graduates

Earn an extra $20,000 per yearEarn more than $1 million more over their

lifetime Experience ½ the unemployment riskAre more likely to live longer, experience better

health, and to practice health-promoting behaviors

Economic Impact for Indiana

College degree-holders represent a better prepared workforce that increases Indiana’s ability to attract

outside investment, create jobs, and spur new innovation.

As the state’s college graduates increase their standard of living, Indiana’s per capita income and tax revenues grow as well, paving the way for a higher standard of

living for all Hoosiers.

Economic Impact for Indiana

• By 2018, 55% of jobs in Indiana will require a degree or certificate

• Indiana ranks 40th nationally in higher education attainment and 41st in personal per capita income. U.S. Census Bureau, 2010

• Only 1/3 of Hoosier adults have more than a high school diploma.

Economic Impact for U.S.

Given changing demographics, our country will not have enough skilled Americans to compete globally unless many more students graduate

from college. - Complete College America www.completecollege.org

Who is the 21st Century Indiana College Student?

The 21st Century Indiana College Student:

We are taking too much time to graduate….

• 1 out of every 10 students completes a 2-year degree on time.

• 3 out of every 10 students complete a 4-year degree on time.

• Less than a third of Indiana's four-year college students graduate on time and just over half graduate after six years.

• One additional year of college, on average, will cost students $50,000 in tuition, lost wages, and other costs.

We are taking too many credit hours

• Bachelor’s degree should require 120 credit hours to complete (30 hours/year X 4 years = 120).

• Average student in Indiana takes 138 credit hours to complete their Bachelor’s degree.

• Associate’s degree should require 60 credit hours to complete (30 hours/year X 2 years = 60).

• Average student in Indiana takes 93 credit hours to complete their Associate’s degree.

For too many students, the path through college ends with no degree

and often lots of debt.

Solutions

• 15 to Finish! – Full time Indiana students are six times more likely to graduate with a four-year degree than part-time students

• Use your degree map – At Indiana public colleges, you get a degree map guarantee: If the course isn’t available to you when it is mapped, it is free!

• Students fresh out of high school are most likely to complete college. - www.completecollege.org

Food for Thought…

“A two-year degree or less can actually place a student in a better position for employment and

potential earnings.

In 38 of Indiana’s 92 counties, those with a recent associate degree earn more than those

with a recent bachelor’s degree.”Dr. Mary Ostrye, senior vice president and provost, Ivy Tech Community College

Cost of Higher Education in Indiana

Cost of Attendance in Indiana for 2014-2015 academic year

• IU $21,382 Tuition/Fees, Room/Board, Books • Purdue $20,032 Tuition/Fees & Room/Board • Ball State $17,804 Tuition/Fees & Room/Board • ISU $17,162 Tuition/Fees & Room/Board• USI $17,000 Estimated cost for 2014-2015• VU $14,850 Estimated cost for 2014-2015 with

housing

• Ivy Tech $3,859 Tuition only (30 hours)• UE $42, 656 Typical annual cost for 2014-2015

18

Student Loan Debt in Indiana

• 66% of Indiana college graduates have college loan debt.

• Hoosier students borrowed an average of $27,000 to finance a college degree in 2010

- Reaching Higher, Achieving More, www.in.gov/che

• Indiana has 3rd highest student loan default rate in the country

(www.theindychannel.com/news/education/former-college-students-drowning-in-loan-debt)

Student loan debt in Indiana (cont.)

College loan debt is a growing crisis with direct consequences to Indiana's economic health.

Graduates burdened with suffocating loan payments have less disposable income, and high school

students ill-informed in the college planning process often unknowingly marry their future to debt.

-Joseph Wood, President, ISM College Planning ‘Stemming the Tide of Student Loan Debt’, www.insideindianabusiness.com

What does this mean for students and families?

• Now more than ever, students must make sound decisions in choice of college, program of study, and how to finance their education

• Research colleges, majors, and careers

(Campus visits, college websites, rep visits @ B-R, internship senior year, Twin Rivers programs, VU programs while in high school, job shadowing,

talk with family and friends about college & careers, summer jobs)

CAMPUS VISITS(junior & senior years)

Campus visits

• Different types of visits– Large open houses/visit days– Individual visit

• How to set up a campus visit– Student/Parents responsibility to set up campus visit– Must have 2 forms from guidance office to be excused

absence!

• What to see on a campus visit

Campus visits (cont.)

What to see on a campus visit:

Admissions Office

Program of study (Business school, Health Sciences Dept., etc.)

Financial Aid Office

Attend a class, if possible

Tour campus

Eat on campus

Visit a dorm

Talk to current students

Anything of special interest to you (Band, Athletics, Chorus, etc.)

Questions to ask on a campus visit:

What are class sizes like?

What is the graduation rate?

What % of students graduate in four years?

What academic or other support is offered, such as free tutoring, writing lab, etc.?

Where are your graduates working and what are they earning?

Upcoming Campus Visits*more listed in the Guidance Newsletter

• USI Southern Hospitality Days – Oct. 4 & 18th; Nov. 8th

• Pre VU Days – Oct. 17 & 18; Nov. 21 & 22

• Sycamore Preview Days @ ISU – Oct. 13 & Nov. 11

• UE Purple Friday – Nov. 14th Open House – Nov. 1st

APPLYING TO COLLEGE(Senior year)

Indiana Colleges

• 31 Private or Independent Colleges• 7 Public University Systems• More than 75 college campuses across Indiana

Applying to college

• Online is preferred• Apply sooner rather than later• E-transcripts• BEWARE OF DEADLINES• Complete application typically includes:

– Application for Admission– HS Transcript– SAT/ACT Scores– Application Fee

SAT/ACT(Spring of junior year)

SAT/ACT

• Required by most 4 year schools• Will want to check with 2 year, community

college, or trade school (may not require)• Must register

(registration deadlines are posted in guidance office, senior newsletter, and on guidance webpage)

• Colleges recommend taking SAT or ACT the spring of your junior year

• SAT costs $52.50; ACT costs $54.50 • Fee waivers available

Scholarships & Financial Aid

Types of Financial Aid

• Grants• Scholarships• EARN Indiana (a.k.a. Work-Study)• Loans

Financial Aid in Indiana

• Over $280 million awarded in 2012-2013 to 80,000 students

• $30-35 million of non-need based aid awarded in 2012-2013

• Student Performance Incentives in Indiana(i.e. Academic Honors, Associate Degree, Accelerated Schedule)

Grants

• Financial aid that you do not have to repay; typically awarded by state or federal government

• Need based & non-need based awards

• State grants = Frank O’Bannon Grant (maximum = $4,108 for public school)

• Federal grants = Pell Grant (maximum = $5,730)

Scholarships

• Financial aid that you do not have to repay - We LIKE these!!

• May be given for academic excellence (merit-based), financial need, career or major specific, distinction in a certain activity (sports or 4-H), or affiliation with a religious, civic, or school organization.

• May be one-time award or renewable each year• ***Many are only awarded to incoming freshman

Scholarships (cont.)

• Barr-Reeve recipients for 2013-2014

• Many academic or merit-based scholarships are determined at the time of application

• Some colleges may require a separate application to be considered for scholarships (i.e. VU, Ivy Tech)

Merit-based scholarship examples

Indiana State University Academic Excellence ScholarshipAward: $4,000 per yearSchool: Indiana State University, Terre HauteMajor: AnyCriteria: Students must be admitted to ISU by Dec. 1st and meet

two of the following three criteria: 3.75 GPA and/or 1200SAT/26ACT and/or top 10% of graduating class.

Deadline: Students must be admitted to ISU by Dec. 1st

Vincenness University Academic/Technical Honors Diploma ScholarshipAward: $1,250 per year for four semestersSchool: Vincennes UniversityMajor: AnyCriteria: Must be a recipient of the Indiana Academic Honors or Technical

Honors diploma; Must fill out VU scholarship applicationDeadline: January 15, 2015

Merit-based scholarship examples (cont.)

Purdue Presidential ScholarshipAward: $4,000-$8,000 per yearSchool: Purdue UniversityMajor: AnyCriteria: High academic achievement; demonstrated experience in

leadership, service, and/or school or community activityDeadline: Nov. 1st (firm)

IUPUI Chancellor’s ScholarshipAward: $8,000 per year for four yearsSchool: IUPUIMajor: AnyCriteria: Must have applied by Dec. 1st to IUPUI and have a minimum 3.75

GPA with a minimum 1250 SAT or 28 ACT *Not available for spring entry students

Deadline: Apply to IUPUI by Dec. 1st.

E.A.R.N

• Employment Aid Readiness Network• Replaces the work-study program• Gives students with financial need access

to resume building, experiential, paid positions

• Provides employers up to 50% wage match for hiring EARN students

Loans

• Borrowed money, must be paid back…WITH INTEREST!!

• Many types of loans

• Some are federally regulated, some offered by private companies

• Loan payments typically start 6 months after graduation; repayment period of 10 years

How to apply for financial aid:

FILL OUT YOUR FAFSA EACH YEAR!!

FAFSA = Free Application for Federal Student Aid

How to apply for financial aid (cont.)

• FAFSA must be received by Federal Processor by March 10th of each year

• FAFSA will be available after Jan. 1, 2015 @ www.fafsa.ed.gov

• Attend Financial Aid Night in January 2015

• Contact Financial Aid Office at your university for university-specific forms or financial aid applications.

• Most colleges will offer ‘Early Aid Estimator’

How to apply for scholarships• Where do I look for scholarships?

– College’s website– Guidance newsletters each month; B-R website– Church, local organizations, parents’ employers– Search internet

• www.fastweb.com• www.collegeboard.org/scholarships• Never pay $ for scholarship

• DEADLINES!– IU – NOV. 1ST

– PURDUE – NOV. 1st

– VU – JAN. 15TH

Guidance top ten

• Read Directions• TAKE COLLEGE VISITS!!• READ GUIDANCE NEWSLETTERS!!• Apply early senior year (August – October)• Register with e-transcripts• File your FAFSA!• Apply for scholarships

– don’t sell yourself short!

• Check email regularly• Stay organized: calendar, folder, etc.• Enjoy this time as a family

*Resources*• Text Alerts - The Indiana Youth Institute will send you text reminders each month with helpful tips, deadline

reminders, and encouragement for college & career planning. Text ‘Grad’ plus your high school graduation year (i.e. grad2015, for example) to 69979. Visit www.triptocollege.org

• www.hoosierhot50.com – Hot Jobs in Indiana

• Indiana Commission for Higher Education: Twitter.com/HigherEdIN or facebook.com/IndianaCHE www.in.gov/che

• Complete College America – www.completecollege.org

• Indiana College Costs Estimator – can complete now to estimate costs @ www.indianacollegecosts.org

• E-transcripts www.parchment.com

• Division of Student Financial Aid - www.in.gov/sfa

• FAFSA – www.fafsa.ed.gov

• www.15tofinishindiana.org

Questions?