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Advancing Degree Attainment in Colorado: State Funding, Tuition, and Financial Aid

Colorado's educational landscape and challenges are explored, including disparities in degree attainment, high remediation rates, and underserved Hispanic population. Insights on state funding, tuition, and financial aid are provided to address the gaps. Initiatives, such as the Preschool to Postsecondary Alignment Act, aim to improve overall education success and workforce readiness. 8

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Advancing Degree Attainment in Colorado: State Funding, Tuition, and Financial Aid

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  1. The State, DHE, and CCHE Context

  2. Colorado Context • Colorado is a growth state- 8th in the nation • 47% of population (25-64) have at least an Associate Degree Source: Census Bureau, 12/27/2007

  3. Colorado Context • 33% of Colorado-born residents have at least an associate degree, well below the national average of 52% • Only 23% of Colorado-born residents have a bachelor’s degree, also below the average of 42% U.S. Census Bureau, 12/27/2007

  4. Colorado Context • High Remediation Rates • Underserved Hispanic Population • Low state funding, low tuition, low financial aid Surds, 2006, DHE Remedial Report “How Colorado Higher Education Measures Up,”, September 2007.

  5. Remediation Rates 2006 • Two Year Public Institutions – 56% • Four Year Institutions – 20% • Overall Rate – 30%

  6. Remedial Course Work • 44,395 students • 126,800 credit hours • 17,771 students failed or took incompletes Surds Remedial Course File (06-07) End of Term Completion

  7. Underserved Hispanic Population • The Hispanic Population is the Fastest Growing Demographic in Colorado • 38% have not graduated from high school • Only 6% have an associate degree • Only 8% have a bachelors degree U.S.Census Bureau, 2005 American Community Survey

  8. Underserved Hispanic Population • 33% increase in jobs requiring and undergraduate degree anticipated by 2012 • The only way to fill the demand will require growing the college-bound Hispanic population

  9. State Funding, Tuition, Financial Aid • Colorado ranks 8th in the nation in personal income per capita • Colorado ranks 49th out of 50 in state & local support for public higher education • Colorado tuition is relatively affordable compared to national averages

  10. State Funding, Tuition, Financial Aid • Community Colleges tuition – 80% of Peers • Four Year Institutions – 64% of Peers • Research Universities – 86% of Peers DHE Closing the Gap , 2007

  11. State Funding, Tuition, Financial Aid • Estimated Need-Based U.G. grant dollars /U.G. FTE • United States $446 • WICHE $386 • Colorado $274 • Colorado ranks 26th out of 50 states NASSGP - 2005

  12. Making Opportunity Affordable Planning Grant • The goal is to advance the goal of increasing degree attainment of Colorado citizens from 43% to 55% by 2025

  13. Meeting the degree attainment goal • Work Closely with K-12 colleagues to improve the overall state education system from P/K to 16/20. • Coordinate closely with Colorado Department of Education, 178 school districts, and local school boards • Increase the low college going rate • Decrease the rate of remediation

  14. Meeting the degree attainment goal • Help implement the Preschool to Postsecondary Alignment Act to bring about systemic change in the success rate of Colorado students

  15. SB212 – The First Task • Describing Postsecondary and Workforce Readiness

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