2B - Presentation - Technical Institutes FY17 Tuesday, February 02, 2016 3:23 PM WORKFORCE INNOVATION THROUGH TECHNICAL EDUCATION SD Technical Institutes Presentation to Joint Appropriations I February 4, 2016 LA A lflJ I STI
STRENGTHENING & INCREASING SOUTH DAKOTA'S WORKFORCE • Ed ucate 6,300 students each year • Provide technically skilled degrees (AAS , diploma , certificates) • Offer a cost effective & timely route to successful, fulfilling employment S~UTHEAST TECH
STRENGTHENING & INCREASING SOUTH DAKOTA'S WORKFORCE • SD employers count on a fresh infusion of talent each year - 2,500 graduates • More tho n 1,200 industry experts help guide curriculum & programs • 85% of responding graduates remain in South Dakota to fill high-tech , high-need careers or continue their education
NATIONALLY RECOGNIZED
TECHNICAL I NSTITUTE 'S STRATEGIC PLAN • Overarching Goal: Provide qual ity • People: Lead a sys t em with the postsecon dary educa ti on and appropria te qua lity and quan ti ty of traini ng to enab le Sou th Dakota's i ns tructor s, s ta ff and admi nis trat ors. wo rk force and economy to grow. • Plant: En sure fac i li t ies are adequa te, • Product: Grow a t ech ni cal ly s kil led sa fe and capab le of m ee ting workforce prepared to meet the evo lv in g indust ry demands and are c ha ll enges of indust ry and conduc i ve to learning. co nt inui ng educat ion. <: ~I~ I Ul)'UUl'1 1.- cd d.
PRODUCT Grow a technically skilled workforce prepared to meet the challenges of industry and continuing education.
ENROLLMENTS, FTE & GRADUATES • E nrcllments • Full-iime Equivo en I FTEJ • Graduates r-::-- ~ 1 ~ lt" J)'llUIWCtJJ.
RETENTION Technical Institute Retention of First-time, Full-time Students 100% 90% ~ at i ona l, 2-Year 80% Public Ins titutions National 2-year 70% ~ LA T I institution retention 60% is 59%. SD technical 50% ..,. MTI institutes averaged 40% 73% in 2014. + S T I 30% Source: IPEDS Doto Center 20% - wor 10% 0% 20 10 201 1 20 12 20 13 20 14
·~ RETENTION Retention Rates - First- Ti me College Freshmen Returning Their Second Year: Two-Year Public - 2010 In 20 1 0, SD t echnica l institutes led the na tion in retenti on at 65 . 5% as a system_ NY came in 2nd at 60-7%. Source: National Information Center for .. Higher Education Policymaking and Analysis ---?.
GRADUATION Technical Inst itute Graduation, 150% Expected Time 100.00% ~------------ 90.00% -+---- .. Na ti onal 2- Y ear 80.00% -+------------- P ub l ic I ns titutions National 2-year public 70.00% +-- ..., LAT I graduation rate is 19%. 60.00% +----- SD technical institutes 50.00% +-------------- ~ MT I ranged from 37-73% in 40.00% - 2014 (2011 cohort). 30.00% ~--~~-------- - s11 20.00% ~ .. - -• -- - •----. - --- S otJrce. · IPEDS Data Center 10.00% +-------------- WDT 0.00% --~---------- 2007 2008 2009 20 l O 201 1 Coho rt Cohort Cohort Cohort Cohort
GRADUATION Technical Institute Graduates 3250 -,-~ As a system, the technical institutes are 3000 -Graduates working to educate 2 750 - 2522 3,000 graduates per 2500 2289 23 12 : ~ --· year by 2021 . 2250 L- 222 ~ ~ - . ~ 10 .,,-- ..... ~ ---.: - Hf gh Demand Program 2000 1~ ----------~ High demand Graduates 1 750 programs are those -• 2021 GOA L - 1 500 eligible for the Build T ota l 11 iiiii 9 3 125 0 +---~ -1 ·; 15 ~;;:: 1 1 s3 : - 1-1 :s ::~ m ~ ~- ;.;;;;: Dakota Scholarship. - tt Graduates 1 000 9~ -- 750 -+-~ Source: TI Placemen/ Reports 2009- 10 20 10- 11 20 11- 12 20 1 2- 13 20 13- 14 20 14-- 15
GRADUATION In 2013, 51.2% of technical Graduation rates institute by state students graduated in 150% of Public two yea., colleyH expected time P, at fllU' 1 oar colleges - highest in the country. NOTE : Sisseton- Wohpeton Tribal College's graduation .. ~ fl 18 JI •• information was Pereet't.age po.ms horn lhe Naoonal afflsoc included in fhe SD 2- yeor public college report . Source : The Chronicle of Higher Education
GRADUATION grndua ion rates • Compare sta e a,erages for 21 ear P\ibtlt co;leges The national average was South Dakota s 1. 2, , graduate ·n 1 50'• um" 19.4%. ND came in 2nd graduate ,n I DO", time behind SD at 40. 9%. NOTE: Sisseton-Wahpeton Tribal College's graduation infomiofion was included in fhe SD 2 -year public college report. Source: The Chronicle of Higher Educa on
PLACEMENT Pl acement of Technical Inst itute Graduates Survey Respondenfs , 6 Months Following Graduation 1878 98.10% • 2000 100 . 00% - 2012 1800 90.00% 1600 80.00% 1400 70.00% 1200 60.00% 1000 50 .00% 4 0.00% 2 01 4 800 600 30.00% 400 20.00% - • Tota l Pl aceme nt of 200 10.00% 2 01 4 R eson de nts, 6 mon hs fo ll ow i ng ~-----!- 0. 00% 0 ro ·o1 :;:: sp o-nd en ~ . gra duati on c omh1.. ; ng in A. f'TJ ed = crce:: E ducoi on
FYl 7 BUDGET PROPOSAL • Provides increased support: • Postsecondary State Aid - $1, 188,045 • Per Student Allocation (PSA) - $1,026, 956 • 2.7% Inf lat i onary Increase • Fu ll-ti me E qu i va l ent (F TE } Grow th • National Guard Tuition Assis tan ce - $161 ,088 • Tuition Buy-Down - $915,900
FYl 7 BUDGET PROPOSAL Per Student Allocation (PSA) - $1,026,956 • P art l: 2.7% In fl atio nary In crease - $528,260 • Part 2: Full-ti me E quivalent (F TE ) Growth - $498,696 Inflationary Proposal: F Y1 7ts t.FTE = 5,905 F Y16 P SA =$ 3,395. 71 FY17 PropPSA=$3,48 7.3 9 PSA lncrease = $ 91. 68 -fYl 6Est.FTE =5 ,762 Xlnf l ationlnc. 2 .7% - -Y l 6 P SA = $3 ,395.71 XFY16Est.FTE 5l6 2 = 1 43 .68 FY 17 Inflation = $528, 260 Increase in RE FY l 7 Prop PSA = $3,487.39 PSA I ncre a se =$ 91 FTE Growth: = = FY17 Es tima ted RE 5, 905 FY 16 PSA = $3 ,395.71 FY 17 P SA $3,487.39 = X Increase in R E - FY16 Es t imated H E 5,762 X In fla ti onary I ncrea se 2.7% 143 = 1 43 Increase in R E FYl 7 Proposed PSA = $3,487.39 FY17 Growth = $498 , 696
FYl 7 BUDGET PROPOSAL • National Guard Tuition Assistance - $161 ,088 • Pay f or half the tuiti on of Na ti onal Guard m embe rs • Move d to E ducation from Depar tm en t of M il itary National Guard Tuiti on Assistance FY l 7 Pr oposed PSA = $3,487.39 Appropria tion = $161,088 + Na tio na l Guard In crease to P SA = $ 27 .2 8 =Es~ t. ~F ~Y~ l ~7 ~Ff= E ~------- = -~5~, 9=05 _I Total FY l 7 PSA for National Guard= $3,514.67 = Na ti ona l Guard In crease to P SA $ 27 . 28
FYl 7 BUDGET PROPOSAL • Tuition Buy-Down - $915,900 • Keep state tu iti on at $109 pe r c redit hour in FY 17 • F ac ility Fee = $35 pe r credit • Ma int enance & Repa ir F ee = $5 per cr edit • T ect1no log y Fee = $1 per cre dit • Ex i st ing tuition buy down ( $9 15,920) alleviat es st uden ts paying app roxim ate ly $5 per cred it in state tuiti on • Proposed buy - down ($9 15,900) w il l f und approx i ma tely $10 pe r credit hour • Dis tr ibuted ea ch semester after dr op/add dead line by c red its enro ll ed
STATE AID - FYl 7 BUDGET PROPOSAL • Distribution of state aid detailed in SD Administrative Rule 24:10:42:28 • 25% of total distributed to each institute for baseline operations • Remaining 75% distr ibuted based on cost of programs by weighted program factors • High cost, low density programs (Fa ctor = 5) • High cost pr og rams ( F actor = 3) • Standard cost programs (Fact or = 1) • Total state aid divided into four equal , quarterly payments • Payments are based on FTE from the prior fiscal year
STATE AID - FYl 7 BUDGET PROPOSAL FYl 6 Example Program category payment (75%): $24,190,959 (FYI 6 State Appropr iation) $19,586,3 14 - $4,896,578.50 = $14,089,735.50 - $2,708,957 (FY I 6 bond pa ymenj) - $9 15,920 (tuit ion buy do w n) Weighted Per Student Value = - $Ul00,000 ISB55- Bu il d Dako ta cap a city gran t s\ $t"t{689J35.50 I 1{ 5"' 7. 6) + (3 * 1,7 60.36) +f l * = $ 19 ,566,082 (total a v ailab le for dist ri bution) 4,wO)] - $1,5 76 .31 + $ 20.232 /FYJ6 Amendment\ = $19,586,314 Program Category Payments in FYl o: LA TI = $4,5 55 ,563.99 M TI = $2,968,534.14 Base li ne state aid received by each school (25%) : $-19 ,586,314 ". 25 = $4,896,578.50 I 4 = S TI = $5,282, 1 66 .62 WOT = $1,883,470.74 $1 ,224,144.63 per technical institute
FYl 7 FORMULA FOR DISTRIBUTION Estimated Distribution of Funds in FY17 LATI MTI STl WOT Prop osed Total FYl 7 St ate App opria t io n $24,908.796 Le as e payments for existing bonds . Proposed F YI 7 S ate Bond Paym ent $2 ,322.850 Prop osed Tu ition Buy- Down Ass is ance $1,83 1.820 $602,962 -$370,628 $506,706 $26 1, 524 Pr opose d Na i ona l Guard T ui'ion Ass ista n ce $161.088 $6 ,076,782 $4,408 ,1 80 $6,840,732 Proposed FYI 7 F ormu la Oi5lribu ion , .!\, ml . $20,593.038 $3,267,345 FTE Calculation Using &timates Es . FY 16 Tui ion Collected $18,530,000 FTE Value /Cred it Hour 30 Tu ition fee per c redit (F Yl 6) $109 $3,487.39 Propo s ed Per St ud ent A ll ocation (FY I 7) l 7 fro 1 5-- 16 cre di t s) 5 ,90 5 f, 50 2,030 925 Es . # of FfE Ca l cu l ated [FY 1,800 Ca l cu la i on of . eed fo r Formula Distr ibu i on $20,593,038 {Under) or Ove r Need $ -
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