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November 17, 2014
College Affordability in Kentucky
Factors Associated with Success in Postsecondary Education
College Readiness
Accessibility of Educational Opportunities
Support Services
AffordabilityAptitude & Capacity to Persevere
Sources of General Fund Revenue (2015)
Adult Students
Center on Wisconsin Strategy (COWS) Calculations from 2011 American Community Survey data.
No high school diploma; 110,197
High school diploma or equiva-
lency; 322,195
Some college, no degree, 209,868
Educational Attainment of Workers Needing Better Skills and Wages in KY
Source: Kentucky Council on Postsecondary Education Accountability Report 2012-2013.
Source: Source: Elizabethtown Community & Technical College; U.S Department of Education, Federal Student Aid.
Estimated Cost of Full-Time Attendance Maximum Pell Award $-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
Cost of Attending KCTCS Compared to Pell Grant 2013-2014
Source: Kentucky Higher Education Assistance Authority.
Sources of General Fund Revenue (2015)
KEES; $104,843,436
CAP; $62,292,639
KTG; $29,982,741
2014 Funding for Kentucky's Financial Aid Programs
Source: Kentucky Higher Education Assistance Authority. This analysis is based on KEES, CAP and KTG recipients for whom income information is available.
Sources of General Fund Revenue (2015)
$0-25,000 $25,001-50,000 $50,001-75,000 $75,001-100,000 $100,001+ $-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
Disbursement of KEES, CAP and KTG by Income 2013
KEES
CAP
KTG
FAFSA Reported Family Income
Am
ou
nt
of
Sta
te F
un
din
g D
isb
urs
ed
Source: Kentucky Higher Education Assistance Authority. This analysis is based on KEES, CAP and KTG recipients for whom income information is available.
CAP Need-Based KTG Need-Based KEES Merit-Based0
20
40
60
80
100
120
140
160
180
200Funding Levels of Kentucky's Scholarship Programs 2013
Additional Dollars to Fund All Those Eli-gible
Additional Dollars to Meet Statutory Re-quirements
Funding
Mil
lio
ns
of
Do
llar
s
Sources: Office of State Budget Director, 2014-2016 Budget of the Commonwealth.
2009 2010 2011 2012 2013 2014 2015 20160
5
10
15
20
25
30
35
40
45
Growing Amount of Lottery Revenues Being Moved from Scholarship Programs
Mil
lio
ns
of
Lo
tter
y D
oll
ars
No
t G
oin
g t
o F
inan
cial
Aid
Pro
gra
ms
Importance of Need-Based Aid for Low- and Moderate-Income Students
Effectively Influences Decision to Attend College
Increases Enrollment
Increases Persistence
Increases Number of Credits Earned
KY’s Postsecondary Education Tuition Tax Credit
• Expected to cost the state $20.8 million in 2016—compared to $14.8 million in 2012
• Benefits those with incomes well over $100,000
• Kentuckians with incomes below federal poverty level do not qualify
Potential Directions• Eliminate Postsecondary Education Tuition
Tax Credit and redirect funds to CAP• Make increased funding for postsecondary
education institutions and need-based financial aid higher priorities
• Allocate KENO lottery funds and any growth dollars in lottery funds to CAP
• Consider moving forward CAP and KTG award date and/or taking extent of financial need into account when awarding
• Study level of funding needed to incentivize low-income students to attend and persist in college
Some Ingredients for Low-Income Adult Student Success
Affordability Supports
Career Pathways
Kentucky Center for Economic Policy
www.kypolicy.org
859-986-2373
