INDIANAPOLIS, Ind. - The Commission for Higher Education delivered the state's clearest and most comprehensive picture yet of college graduation rates in Indiana with the release of the first "Indiana College Completion Reports."
The full, 43-page report is attached to this article as a PDF.
Among the key findings from the Indiana Completion Reports:
-Time is the Enemy: On-time college completion is the exception in Indiana with the majority of students taking longer to graduate. Less than one out of every 10 students finishes a two-year degree within two years, and just three out of every 10 students finish a four-year degree within four years. An additional year of college can cost a Hoosier student nearly $50,000 in extra tuition, lost wages and related costs. Taking longer to complete not only means students pay more, but it also decreases the chances that they graduate at all.
-Full-time vs. Part-time: Full-time student success rates are significantly higher than part-time student success rates. Full-time students at Indiana colleges are nearly twice as likely to earn a two-year degree and six times more likely to graduate with a four-year degree than their part-time student peers.
-The Completion Achievement Gap: A closer look at Indiana's completion picture reveals stark disparities in graduation rates for low-income and minority Hoosier students. The gap in graduation rates for Indiana college students by race and ethnic groups is 24 percentage points at the state's two-year colleges and 31 percentage points at Indiana four-year colleges.
-Transfer Students and Degree Changers: Traditional graduation rates do not fully capture all forms of student success, including transfer students and students who earn a different degree type than what they set out to pursue (e.g., changed from a four-year degree to a two-year degree). Incorporating transfer students and degree changers increases the statewide success rate by 8 percent for two-year college entrants and by 13 percent for four-year college entrants.
-The Cost Per Completion: Indiana's two-year colleges spend an average of $31,369 for each degree produced. Indiana's four-year colleges spend an average of $62,208 for each degree produced.