between Kentucky and Auburn for Veterinary Medical Education - PowerPoint PPT Presentation

An Enduring Relationship between Kentucky and Auburn for Veterinary Medical Education

Presentation Objectives • Why has this relationship endured? • Data for substantive review • Potential paths forward

This enduring relationship to facilitate veterinary education dates back to 1951.

Early AU CVM Graduates from KY Name Graduated Hometown Clifton Covington 1922 Mayfield, KY Joseph Hobbs 1938 Anchorage, KY James Faughn 1941 Benton, KY William Caplinger 1943 Frankfort, KY Ernest Stratmeyer 1943 Paducah, KY Name Graduated Hometown Joseph Stearns 1943 Louisville, KY Abram Allen 1955 Kevil, KY Frank Canon 1944 Louisville, KY Kermit Burdette 1955 Renfro Valley, KY Orin Peters 1946 Sturgeon, KY Harry Flotemersch 1955 Bellevue, KY James Vaughn 1947 Paducah, KY Robert Houk 1955 Horse Cave, KY Tom Maddox 1950 Greenville, KY Thomas Howard 1955 Louisville, KY Steele Mattingly 1955 Trinity, KY Julian Maupin 1955 Richmond, KY Wellington Moore 1955 Lexington, KY William Pumpelly 1955 Cynthiana, KY William Rogers 1955 Wickliffe, KY Thomas Snider 1955 Shelbyville, KY William Wise 1955 Ravenna, KY John Thomas Vaughan 1955 Tuskegee, AL

Southern Regional Education Board (SREB) • The Southern Regional Education Board is a non-partisan compact of 16 member states formed in 1948 by the region’s governors and legislatures. • Each governor signed the Compact language and each state legislature then ratified the exact same language. • A compact is basically a legally binding contractual arrangement among the states. Southern Regional Education Board (SREB)

AU-SREB-Kentucky Relationship The Commonwealth of Kentucky through the Kentucky Council on  Postsecondary Education ( CPE ) has funded seats for their residents at Auburn University College of Veterinary Medicine ( AU CVM ) through a regional contract program of the Southern Regional Education Board ( SREB ) since 1951. This 68 -year collaboration has resulted in the outstanding and  affordable veterinary education of over 1,800 Kentucky residents. Of the 117 Kentucky residents applying to AU CVM to enter the Class  of 2023 in the Fall of 2019, 81 were interviewed and 38 have been accepted and enrolled.

AU-SREB-Kentucky Relationship Kentucky SREB Academic Year Contract Fee Contract Seats Total KY Payment Paid Amount 2011-2012 $25,000 $25,000 152 $ 3,800,000 2012-2013 $25,800 $25,800 152 $ 3,921,600 2013-2014 $26,600 $26,600 152 $ 4,043,200 2014-2015 $27,700 $27,700 152 $ 4,210,400 2015-2016 $29,100 $29,100 152 $ 4,423,200 2016-2017 $29,100 $31,100 152 $ 4,423,200 2017-2018 $30,500 $32,600 152 $ 4,636,000 2018-2019 $31,000 $33,500 152 $ 4,712,000 2019-2020 $31,000 $33,500 152 $ 4,712,000

All Kentucky dollars go to Kentucky residents to directly pay the difference between in-state and non-resident tuition. A Annualized Tuition Resident Two-semester n Non-resident Two- Annualized Kentucky Contract SREB Contract Difference - Academic Year Tuition & Fees n Semester Tuition & Fees Tuition Difference Fee Paid Amount Kentucky Contract u Fee Paid 2011-2012 $16,692 $39,272 $25,403 $25,000 $25,000 $403 2012-2013 $17,440 $41,172 $26,699 $25,800 $25,800 $899 2013-2014 $17,852 $42,382 $27,596 $26,600 $26,600 $996 2014-2015 $18,194 $43,366 $28,319 $27,700 $27,700 $619 2015-2016 $18,418 $44,022 $28,805 $29,100 $29,100 ($296) 2016-2017 $18,696 $44,840 $29,412 $29,100 $31,100 $312 2017-2018 $20,060 $46,748 $30,024 $30,500 $32,600 ($476) 2018-2019 $20,360 $47,609 $30,655 $31,000 $33,500 ($345) 2019-2020 $20,649 $48,476 $31,305 $31,000 $33,500 $305

Of Kentucky’s dollars appropriated to this program, there are no added SREB administrative costs, and there are no administrative costs added by AU CVM. Currently, all Kentucky $$$ directly reduce the tuition costs of Kentucky residents.

Kentucky students are admitted to AU CVM due to this program who would not otherwise be admitted to Auburn.

Of the Colleges of Veterinary Medicine in the United States, Auburn Ranks 4 th from the lowest for in- state tuition and 18 th from the lowest for out-of-state tuition. http://www.aavmc.org/students-applicants-and- advisors/exploring-the-cost-of-a-veterinary- medical-education.aspx on 30-Aug-2018

Resident tuitions have increased by nearly 250 percent over the past 15 years. Colleges are ordered from left to right based on the amount of change in tuition and fees between 1999 and 2014. From Dicks MR, Bain B, and Knippenberg R. 2015 AVMA Report on Veterinary Debt and Income. P. 22.

Resident or Contract Non-resident Total Tuition Costs* Educational Debt $82,369.00 $196,621.00 for Class of 2017 Total Tuition Costs* $84,716.00 $201,396.00 for Class of 2018 Of the 34 Colleges in US & Carribean, Auburn ranks second from lowest for in-state

AU CVM Summary of Student Attrition 2012 to 2018 • 93.7% of students completed their DVM in 4 years • 96.6% of students completed their DVM within 6 years

Employment 2018 graduates number of offers: range 1 to 8; average 2.4

AU CVM Senior Survey Results Two Weeks Prior to Graduation

$87,233 $82,702 $73,104 $52,646 $33,578

Investigation during summer 2018: Employment information revealed that Kentucky residents with Auburn DVMs had returned to the commonwealth of Kentucky after four to eight years at an overall rate of 55.62%. This rate varied by graduating class from 44.12% to 71.43%. Kentucky residents # of residents # Employed in Kentucky % Employed in Kentucky Years from graduation graduating in the class of graduated in July 2018 in July 2018 until July 2018 2010 35 25 71.43% 8 2011 34 15 44.12% 7 2012 36 18 50.00% 6 2013 35 19 54.29% 5 2014 38 22 57.89% 4 2010 to 2014 178 99 55.62% 4 to 8

AU College of Veterinary Medicine total budget = $88 M annually for 525 DVM students = $168,00 per DVM student Kentucky is asked to pay $32,000 per student paying in-state tuition in the next budget cycle A Annualized Tuition Resident Two-semester n Non-resident Two- Annualized Kentucky Contract SREB Contract Difference - Seats on Total Kentucky Annual Academic Year Tuition & Fees n Semester Tuition & Fees Tuition Difference Fee Paid Amount Kentucky Contract Contract Budget amount u Fee Paid 2019-2020 $20,588 $48,244 $31,113 $31,000 $33,500 $113 152 $4,712,000 2020-2021 est.* $20,946 $49,369 $31,976 $32,000 $34,500 ($24) 152 $4,864,000 2021-2022 est.* $21,253 $50,288 $32,664 $32,000 --- $664 152 Estimation based off 3% increase in tuition with no increase in student services fee or college professional fees (lack of differential change would leave annualized tuition difference unchanged). Potential Contract Amount 2020-2021 Annual Cost Seats per Total Total Seat Total Contract % Reduction from per Student Class Seats Reduction 2019-2020 contract $32,000 38 152 0 $4,864,000 -3.23% $32,000 37 148 4 $4,736,000 -0.51% $32,000 36 144 8 $4,608,000 2.21% $32,000 35 140 12 $4,480,000 4.92% $32,000 34 136 16 $4,352,000 7.64% $32,000 33 132 20 $4,224,000 10.36% $32,000 32 128 24 $4,096,000 13.07% $32,000 31 124 28 $3,968,000 15.79% $32,000 30 120 32 $3,840,000 18.51% $32,000 29 116 36 $3,712,000 21.22%

Presentation Objectives • Why has this relationship endured? • Data for substantive review • Potential paths forward