Our Impact

Private Colleges, Public Good

Return on Investment: Indiana’s 30 Private Colleges & Universities

ICI GRADUATES

Completions

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% 15%
  • Indiana’s Bachelor’s Degrees 29% 29%
  • Indiana’s STEM & Nursing Degrees 36% 36%

Workforce Talent

ICI Graduates have strong placement rates into careers and graduate school – most exceeding 90%

STATE IMPACT

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:

community service

leadership

arts and culture

education and business partnerships

COST EFFECTIVENESS

THE PAY OFF

<4%

Less than 4% of the state’s total higher education budget (non-capital) goes to ICI students with financial need.

29%

29% of Indiana’s bachelor’s degrees are earned by ICI college students.

Ten-Fold Savings

Average cost to the state per bachelor’s degree:

$5,436

per ICI bachelor’s degree

$56,524

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% 83%
  • ICI Students Receiving Federal Grants 33% 33%
  • ICI Students Receiving State Grants 21% 21%

Average institutional grant awarded: $17,987

Average federal grant awarded: $4,632

Average state grant awarded: $5,536

Pell Eligible

1 of every 3 ICI students is Pell eligible – the federal standard for financial need.