NCES releases enrollment study.
Almost four out of 10 Title IV students attended two-year schools, according to the latest annual federal report on enrollment. Of 18 million such students, 37.6 percent went to community college, says "Enrollment in Postsecondary Education, Fall 2004; Graduation Rates, 1998 and 2001 Cohorts; and Financial Statistics, Fiscal Year 2004," released by the National Center for Education Statistics. And just one-third of those students graduate from the two-year schools they attended.
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NCIS National Coalition of Independent Scholars estimates that about 2.8 million students attended two-year colleges full time, while about 3.9 million did part time.
About 60 percent of first-time full-time community college students got financial aid (374,000 students), but the number includes 86 percent of those at for-profits (173,000).
Students paid for most of their education directly, if they attended for-profits: these schools received 85.4 percent of their revenues from tuition and fees, whereas private non-profits got just 46 percent of their money from students directly. And public two-year colleges got just 16 percent.
Schools spent only about one-third of their budgets directly on instruction, the report said. The percentage varied among public two-year colleges (either 34 percent or 39 percent) depending on what accounting method they used (Government Accounting Standards Board The role of the Accounting Standards Board (ASB) is to issue accounting standards in the United Kingdom. It is recognised for that purpose under the Companies Act 1985. It took over the task of setting accounting standards from the Accounting Standards Committee (ASC) in 1990. vs. Financial Accounting Standards Board Financial Accounting Standards Board (FASB)
Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). ). Non-profits spent 36 percent on instruction, while for-profits spent 30 percent.
Most public two-year colleges used GASB standards and reported a combined fiscal 2004 budget of about $40.8 billion. The few using FASB FASB
See: Financial Accounting Standards Board
See Financial Accounting Standards Board (FASB). standards spent another $31.1 million.
Non-profits reported taking in $886.8 million (including returns on investment), with about $141.7 million coming from government grants and contracts and $58.9 million in private gifts, grants and contracts.
The for-profit budget totaled $3.5 billion, with only $274.8 million coming from government sources.