Nationally, students at independent colleges receive three times the amount of institutional aid as do students at public universities and five times as much as students at for-profit institutions. Independent, not for profit colleges and universities are dedicated to providing high quality education that is affordable to all.
A review of default rates on student loans for graduates of For Profit, Public and Not For Profit Colleges in 2011 and 2012. For Profit schools have the highest default rate while non profit colleges have the lowest rates.
The ACCEL program provides an opportunity for students at eligible high schools to take college level coursework for credit towards both high school and college graduation, giving them a head start on college success. More than 7,000 Georgia high school students used the ACCEL program to take college level coursework in FY2013.
GICA member institutions partner with the State of Georgia to provide college-level courses to the brightest high school students. 18% of ACCEL students chose GICA institutions for their coursework. This means 1,305 high school students are already taking advantage of the availability of a private college close to home.
The majority of student aid at GICA member colleges & universities comes from institutional grant aid. More than half of a first-time, full-time student’s financial aid package comes from funds raised by the campus and provided to the student with no expectation of repayment. In 2011-2012, more than $85 million dollars in institutional grant aid was dispersed to students.
These institutions commit to provide affordable higher education to Veterans by partially or fully funding tuition and fee expenses that exceed the student’s GI Bill benefits.
Through smaller classes, hands-on learning, and a student-focused approach, Georgia’s independent colleges and universities create a more seamless pipeline to an on-time graduation.
Graduates of nonprofit independent colleges are far less likely to default on their federal student loans than are graduates of public and for-profit institutions. For FY 2011, the federal student loan default rate for graduates of independent colleges was 5.2% compared with 9.6% for public institutions and 13.6% for for-profit institutions.
The majority of student aid at GICA member colleges and universities is institutional grant aid.
In payroll alone, GICA member institutions contribute nearly $531 million dollars annually.
24% of undergraduate students at GICA independent colleges are over age 25. Georgia's independent colleges educate many of the State's "adult learners." Georgia's independent, not-for-profit colleges are committed to providing access to all of Georgia's students.
Georgia Independent College Association (GICA) member institutions educate Georgia's adult learners. Nearly a quarter of undergraduate students enrolled at GICA member colleges are aged 25 or older.
The Georgia Independent College Association member institutions enroll a diverse population of students. More than half of the student body defines their race as other than "white."
The Federal Pell Grant program provides need-based aid to low-income undergraduate students to promote access to postsecondary education. An even greater percentage of students at Georgia's private colleges receive Pell compared to those at USG public institutions. Indeed, 46% of students attending GICA member independent colleges and universities are eligible and receive Pell.
GICA institutions raise substantial scholarship and grant dollars each year in order to assist students. Institutional aid does not include any federal or state aid. Institutional aid is raised from corporations, foundations and private donors.
I am so grateful to receive the Tuition Equalization Grant. I can honestly say that I don't think going to college would be possible without it. Money is hard to come by, and TEG is necessary for me to successfully complete and graduate from college in order to excel in life.
TEG helps me attend college. In this tough economy, even a difference of a few hundred dollars could reduce my chances of a college education. I depend on PELL, TEG, and work-study to help me fund my college education.
Technical college students can more easily and seamlessly transfer credits to private colleges under an agreement signed recently between 19 member colleges in the Georgia Independent College Association and the 25 Technical College System of Georgia institutions. The agreement will facilitate college completion throughout the state.
State-funded tuition assistance for Georgia residents attending qualified private colleges rose to its highest level in 2009. Since then, tuition aid has fallen from $1,200 annually to $700 (FY 2013). If the $6 million cut in the House version of the FY 2014 budget holds, the TEG will be back at the 1978 level of $500 per student, per year.
GICA member institutions partner with the State to increase college completion rates to ensure that Georgia remains competivive in workforce and economic development. As of 2012, fewer than 34% of Georgia residents have attained an Associate's (two-year) degree or higher.