September is the time when many students return to colleges and universities. Higher education is a large enterprise in North Carolina. Here are a few numbers you may find interesting:
(Unless noted, all figures are for North Carolina colleges and universities and for the past academic year)
Average Annual Tuition & Fees: Public 4-yr. Institution, $6,577; Public 2-yr. Institution, $2,308; Private, 4-year Institution, $28,990[i]
State Funding: $3,948,278,833 for UNC System and Community College System for 2016-17[ii]
State Ed Funding Per Student: $8,894 – NC Educational Appropriations for UNC System and Comm. College System/FTE Student (Constant Adjusted 2015 Dollars) [iii]
U.S. Ed Funding Per Student: $6,966 – U.S. Average Educational Appropriations/FTE Student (Constant Adjusted 2015 Dollars)[iv]
State Financial Aid: $296,169,045 (awarded in 2014-15)[v]
Student Debt: $23,440[vi] (Average debt of a graduate of four-year public institution in North Carolina)
Average Faculty Pay (FullTime): Public Doctoral Institution -$120,421; Private Doctoral Institution-$174,655; Public Masters Institution-$89,588, Private Masters Institution- $87,208 (see footnote for source)
Graduation Rate: 61.4 percent, all 4-year institutions; by ethnicity – 79.2% Asian, 66.7% White; 47.1% Black[viii]
Largest Endowments in North Carolina[ix]: Public Institution – University of North Carolina at Chapel Hill, $2.98 billion; Private Institution – Duke University, $7.29 billion
Test Scores:
19 – Average score by NC students on ACT (all NC students required to take ACT exam) [x];
21 – U.S. Average ACT score[xi]
1478 – Average SAT score by NC students (63 percent of NC high school seniors take SAT exam)
1490 – Average SAT score by U.S. students [xii]
NC Educational Attainment: Highest level of educational achievement[xiii]
8th Grade or Less – 5 percent
Some High School – 8.5 percent
High School Diploma – 26.6 percent
Some College – 21 percent
Associate Degree – 9.2 percent
Bachelor’s Degree – 18.6 percent
Master’s Degree – 7.2 percent
Doctoral Degree – 1.3 percent
Professional Degree – 1.6 percent
[i] Almanac 2016-17, published by The Chronicle of Higher Education. p. 85. Available at: http://www.chronicle.com/specialreport/The-Almanac-of-Higher/51 (subscription may be required)
[ii] Joint Conference Committee Report on the Base, Capital and Expansion Budgets (House Bill 1030). Available at: http://www.ncleg.net/Sessions/2015/Budget/2016/Conference_Committee_Report_2016-06-27.pdf
[iii] State Higher Education Finance, 2015, published by the State Higher Education Executive Officers Association, p. 34. Available at: http://sheeo.org/sites/default/files/project-files/SHEEO_FY15_Report_051816.pdf
[iv] State Higher Education Finance, 2015, published by the State Higher Education Executive Officers Association, p. 34. Available at: http://sheeo.org/sites/default/files/project-files/SHEEO_FY15_Report_051816.pdf
[v] North Carolina State Education Assistance Authority Annual Report, North Carolina Education Assistance Authority. Available at: http://www.ncseaa.edu/pdf/2014-15_Annual_Report.pdf
[vi] Southern Regional Education Board. Available at: http://www.sreb.org/
[vii]Figures from U.S Department of Education, National Center for Education Statistics, 2014-15. Available at: www.nces.org
[viii] U.S. Department of Education. Figures represent the proportion of full-time, degree-seeking undergraduates who entered a degree granting four-year institution in fall of 2008 and graduated within six years. Data available at: www.neces.ed.gov
[ix] Almanac 2016-17, published by The Chronicle of Higher Education, p. 54. Available at: http://www.chronicle.com/interactives/almanac-2016#id=2_101. (Subscription may be required).
[x] ACT 2015 scores, available at: www.act.org
[xii] News Release, Sept. 4, 2015, North Carolina Department of Public Instruction. Available at: http://www.ncpublicschools.org/newsroom/news/2015-16/20150904-01
[xiii] American Community Survey, U.S. Census Bureau, 2014.
Faculty pay figures from:U.S Department of Education, National Center for Education Statistics, 2014-15. Available at: www.nces.org
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