APC members appreciate the continued support from New York State for their commitment to providing access for all students, especially those who are under-represented, minority students, or the first in their family to attend college. For over forty years, the Legislature has been a true champion for TAP, state-supported financial aid and other opportunity programs. Thousands of our alumni have benefitted from these programs and we hope that commitment continues.

Increasingly, misinformation, political agendas, and a lingering national narrative are affecting perceptions and fueling decision-making that is detrimental to proprietary colleges in New York State, that have a long history of success and the 26,000 students they serve. As we look to 2020, the Association is committed to working with our state and federal legislators in creating a policy that ultimately serves the best interest of our students. In an effort to foster a more constructive dialogue about the quality education and the value our members’ provide, APC is voluntarily compiling and disclosing information about each of our member institutions. Much of this information is publicly available on various state and federal websites but for the first time, APC is also releasing pertinent financial information from our member’s most recent audited financial statements.

Using the links to the right, you will find the following information for each APC member college:

General Overview

  • Year the institution was founded
  • Family Leadership
  • Accreditation
  • Campus locations
  • Institutional website
  • Website listing the Board of Directors, if available
  • Website for consumer information
  • College Scorecard website for each member

Information from College Navigator

U.S. Department of Education provides a wealth of information on the College Navigator and College Scorecard websites. APC has provided the following information from College Navigator for each member:

Student Demographics for Fall 2018

  •  # of students enrolled
  • % of students that attend part-time and full-time
  • % of students that are women and men 
  • # of veterans served
  • % of Black/African American students
  • % of Hispanic students
  • % of students receiving Pell Grants

Financial Information

• Total advertising expenses for 2018 and the percentage of overall expenses spent on advertising. This information comes from our members’ audited financial statements.

• 2018 90/10 ratio—Since 1992, the federal government has regulated the amount of federal funds a for-profit college can receive from tuition revenue. The federal rule is referred to as “90/10” meaning that 10 percent of tuition revenue must come from a private source other than Pell or federally backed student loans. All APC member colleges meet the federal measure without difficulty and on average, APC member colleges receive 60% of their tuition revenue from Pell and federally backed student loans. Learn more information about the 90/10 ratio.

• Academic Year 2016/2017 Financial Responsibility Composite Score—Annually U.S. Department of Education calculates a composite score for all colleges and universities. The composite score reflects the overall relative financial health of institutions along a scale from negative 1.0 to positive 3.0. A score greater than or equal to 1.5 indicates the institution is considered financially responsible. Learn more information about Financial Responsibility Composite Scores.

• 2016 3-Year Cohort Default Rate (CDRs)—The U.S. Department of Education recently released the 2016 three-year Cohort Default Rates (CDR). Recent studies show that student loan borrowers who struggle the most to repay their loans are often non-completers. In fact, student borrowers who do not complete a degree default on their student loans at a rate of almost three times higher than borrowers who earned a degree. Fortunately, Cohort Default Rates are decreasing nationally across all sectors of higher education. The average default rate for APC member colleges is 10.89 percent. This is considerably lower than the national average for the proprietary sector of 15.6% in FY 2015. Learn more information about CDRs.

• IPEDS Expenses per FTE for 2017—Each year institutions are required to report their financial information to the U.S. Department of Education Integrated Post-secondary Education Data System (IPEDS). This data is analyzed and the percentage of income and expenses in core areas per full-time enrollee are calculated. See individual institutional data.

Because APC member colleges receive no direct state or federal support, over 92 percent of their overall revenue comes from tuition and fees. This compares to just 20 percent tuition revenue received at public institutions and 30 percent tuition revenue received at non-profit institutions.

Conversely, APC member colleges focus 93 percent of their expenses on educational instruction and student supports and services. This compares favorably against public institutions at 46 percent and non-profit institutions at 63 percent total spending on educational instruction and student supports and services.

 

Percentage of Overall Revenues
from Tuition and Fees
tution fees

 Source: IPEDS, U.S. Department of Education, 2016-2017 Data

Percentage of Expenses Focused on
Educational Instruction and Student Support
student support

 Source: IPEDS, U.S. Department of Education, 2016-2017 Data