The Condition of Higher Education in Iowa You can access the full report from our Higher Education Data Center https://www.iowacollegeaid.gov/sites/files/ college_aid/2014ConditionReport.pdf Background This report serves as an overview of Iowa’s population in relation to college readiness, persistence, affordability of higher education, educational attainment and the future employability of the citizens of the state. Iowa’s Changing Demographics • Iowa’s population is aging • Iowa’s population is becoming more diverse. Pages 3-4 in the report Education Levels • Of Iowa’s population, age 25 and older: • 90.7% have a high school education or higher. • 35.6% have an associate’s degree or higher. • 25.3% have a bachelor’s degree or higher Pages 5-6 in the report Percent of Population, Age 25 and Older with an Associate’s Degree or Higher Iowa’s Changing Workforce Demands • A growing number of jobs in the state require postsecondary education. • By 2018, approximately 1.1 million jobs in the state, or 62 percent will require education beyond high school. • Middle-skill jobs make up the majority of the state’s labor market Iowa’s Changing Workforce Demands • High growth is expected in: • • • • • • • • • • • Computer & Mathematical Healthcare Support Personal Care Healthcare Practitioner Community & Social Services Construction Business & Financial Arts/Entertainment/Media Installation/Maintenance/Repair Transportation & Material Moving Architecture & Engineering Field of Study & Employment • Fields with the lowest unemployment rates for recent graduates coincide with the fastest growing occupations. Pages 13-14 in the report Fastest Growing Occupations Require High Levels of Postsecondary Education Interest in STEM • As students progress to high school, interest in STEM-related fields appears to wane. • Interest is highest at the elementary school level, followed by middle school and last, high school. Page 18 in the report Percent of Students Statewide by Grade Who Said They “Liked it A Lot” (Grades 3-5) or Were “Very Interested” (Grades 6-12) in STEM Education & Poverty • The percent of school-aged children living in poverty is higher than the state average. • 41 percent of the student body in Iowa’s K-12 public schools was eligible for free or reduced lunch • College participation rates vary based on family income Pages 9-10 in the report Enrollment • Enrollment over the past three years has slightly decreased Pages 11-12 in the report Total Fall Enrollment by Institution Type College Readiness • Of the 2013 graduating seniors who took the ACT in high school, only 32 percent met all four ACT College Readiness Benchmark Scores. Pages15-16 in the report College Costs • Increases in college costs have outpaced increases in household income and appropriations for state financial aid programs. Percent Change in Median Household Income, College Costs and State Financial Aid Appropriations Growth in Aid Independent Applicants • Over the last 6 years, the number of students over the age of 25 who filed a FAFSA increased nearly 73% in comparison to 18% for traditional-aged college students. College Costs • Increasingly, Iowans applying for financial aid for college have higher need. • 53% were eligible for Pell Grants • 38% had a zero EFC College Costs • Median income of most state financial aid program recipients is well below that of the state as a whole. Conclusion • The benefits of increasing educational attainment extend beyond that of the individual. • This report influenced Iowa College Aid’s four main goals outlined in its strategic plan Strategic Goals 1. Communities are engaged in increasing college attainment 2. Increased number of low-income and underrepresented students who enroll and complete a degree or certificate Strategic Goals 3. Increased awareness about the needs of postsecondary attainment for adults. 4. Increased funding for students and student services. Questions? Iowa College Aid Update Program Administration Program Update • GEAR UP Scholarship • Students matched to FAFSA: 3,220 • Paid fall 2014: 2,332 • 2nd GEAR UP Grant • 7th year funding • Once the districts have been oriented, will be reaching out to college partners (spring, 2015) Program Update Cont… • College Access Challenge Grant • Did not qualify last 2 years due to MOE requirements; qualified this year • Exploring text messaging services to specific student audiences • Plan to pilot a financial aid program • Within the bounds of CACG regulations • Survey Program Update Cont… • Teach Iowa Scholar • Graduate in the top 25% academically from postsecondary teacher preparation programs during a corresponding academic year; • Secure full-time employment in an eligible teaching field (designated annually by the Department) in an Iowa school district, charter school, area education agency, or accredited nonpublic school that is recognized and approved by the Department. • Application live October 28. Deadline November 26. College Application Campaign • Fall, 2012 (pilot): 15 high schools • Fall, 2013: 33 high schools • Fall, 2014: 61 high schools FAFSA Completion Initiative • Assists high school administrators in determining which students have not completed a FAFSA • Encourage districts to implement targeted outreach and counseling for seniors with no FAFSA or an incomplete FAFSA • Iowa Pilot • Due to timing, released in May, 2014 • GEAR UP Iowa high schools • 8 signed agreements, 4 submitted files of seniors • 10 districts signed up for spring 2015 (more to come) Questions?