This fact sheet provides statistics comparing New York public, for-profit, and nonprofit postsecondary institutions with respect to:
- Enrollment—total vs. students using the GI Bill and DOD Tuition Assistance,
- Dollars received for students using the GI Bill and Tuition Assistance,
- Federal student aid (grants and loans), and
- Select student outcomes—default and graduation rates.
Figure 1 shows that although for-profits enroll a small minority of New York students (4%), they attract a larger share of GI Bill beneficiaries (14%). However, for-profits account for a disproportionate share (26%) of New York students who defaulted on their federal student loans. The cohort default rate for New York students is much higher at for-profit schools (14.2%) compared to public (9.2%) and nonprofit (4.3%) institutions and their graduation rate (50.1%) 6 years after New York students enroll is lower than that of public (57.6%) and nonprofit institutions (70.8%). The data supporting figure 1 can be found in Table 1.
Table 2 shows the top 15 New York institutions in terms of GI Bill revenue. Only 3 for-profit operating in New York—DeVry, Berkeley, and Monroe Colleges at #4, 7, and 13, respectively—made it into the top 15 list, receiving a total of about $19 million in GI Bill revenue. Columbia University and Excelsior University were #1and #2, respectively at about $15 million each in GI Bill revenue.
Table 3 looks at the top recipients of GI Bill dollars for New York postsecondary institutions that operate under a common governance system. Aggregating GI Bill dollars for institutions that are under common governance (ownership with respect to for-profit schools), shows a different array of schools than Table 2, which focuses on revenue and enrollment at individual campuses. For example, the State University of New York System includes all 62 branches of the State University of New York and Bryant & Stratton College includes all 9 campuses in the state. The University System of New York still dominates with its 62 campuses receiving about $25 million and enrolling about 8,700 beneficiaries. However, among for-profits, Berkeley College, which operates 3 campus in New York, received about $8.3 million, or more than $17,000 per beneficiary compared to about $2,900 at State University of New York System. The high average revenue per beneficiary at all 6 New York for-profits reflects their high tuition. Table 3 also shows that 4 of the 5 schools with such data received from about 61% to 94% of their revenue from federal sources—federal student aid, the GI Bill, or DOD Tuition Assistance.
View the PDF for the tables and full content, as well as description of the data used in this fact sheet (under “sources”).Final NY Template_v5