Private Colleges, Public Good
Return on Investment: Indiana’s 30 Private Colleges & Universities
Students at ICI colleges have Indiana’s highest four-year, on-time graduation rates.
Ratio: Enrollment to Degrees
ICI Colleges’ Share
- Indiana’s Undergraduates 15%
- Indiana’s Bachelor’s Degrees 29%
- Indiana’s STEM & Nursing Degrees 36%
ICI Graduates have strong placement rates into careers and graduate school – most exceeding 90%
ICI Colleges & Indiana’s Economy
$1.5 Billion contributed in salaries, wages, and benefits
$2.8 Billion contributed in institutional expenditures
21,600+ Hoosier employed by ICI institutions
TOTAL LOCAL ECONOMIC IMPACT: $5.1 Billion
ICI Colleges & Quality of Place
In addition to talent and dollars for communities across the state, ICI colleges anchor:
arts and culture
education and business partnerships
THE PAY OFF
Less than 4% of the state’s total higher education budget (non-capital) goes to ICI students with financial need.
29% of Indiana’s bachelor’s degrees are earned by ICI college students.
Average cost to the state per bachelor’s degree:
per ICI bachelor’s degree
per public college bachelor’s degree
Making it Possible
93% of ICI students receive financial assistance.
- ICI Students Receiving Institutional Grants from ICI Colleges 83%
- ICI Students Receiving Federal Grants 33%
- ICI Students Receiving State Grants 21%
Average institutional grant awarded: $17,987
Average federal grant awarded: $4,632
Average state grant awarded: $5,536
1 of every 3 ICI students is Pell eligible – the federal standard for financial need.