The Journal and Courier in Lafayette reported issues with the college’s funding, which has led to a study on whether to close 20 leased sites across the state.
Ivy Tech will receive nearly $60 million in new state funding, bringing the system’s total to nearly $500 million over the next two years, according to the Commission for Higher Education. The statewide community college system’s operating appropriation has grown more than 44 percent since 2006.
Funding levels started off strong — Ivy Tech saw funding levels of $3,248 per full-time student during the 2005-06 academic year — but quickly dropped as enrollment across the system skyrocketed after 2007.
Within two academic years, statewide enrollment had jumped 38 percent to 166,555 in 2009-10 as the recession drove unemployed Hoosiers to seek additional training. As Ivy Tech stretched state dollars, more students were seeking access to academic and remedial services.
During the 2011-12 academic year, each full-time equivalent student, meaning those who take 12 credit hours per semester, received $2,543 in state operation appropriations — roughly $1,000 less than the 2005 target.
State operating appropriations per real Ivy Tech student total $1,210 for the upcoming academic year, according to a calculation that factors in Ivy Tech’s 180,465-student enrollment figure during the last academic year. The Journal and Courier also reported state officials are worried about providing more funding because of concerns with graduation rates for the college statewide.