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Officials from Indiana鈥檚 public colleges and universities agreed Thursday that their schools need to do a better job at convincing Hoosier students of the value of four-year degrees.

The discussion took place during the Indiana Fiscal Policy Institute鈥檚 annual luncheon in downtown Indianapolis.

Representatives from Indiana, Purdue, Ball State and Vincennes universities, as well as Indiana State and Ivy Tech Community College, conceded that rising tuition costs are deterring thousands of students from post-high school educations.

鈥淗ow do we demonstrate the value of the education?鈥� asked Christopher Ruhl, chief financial officer and treasurer at Purdue University. 鈥淲hy would I spend all this money and incur all this debt? That鈥檚 what students are asking. And we鈥檝e also got to sell this better and make sure the degree is worth the value. What鈥檚 your return on investment? Is this a good value? We hope at Purdue the answer is a resounding yes, but we have to continue focusing on that.鈥�

More student aid 鈥� and transparency about costs

Despite pushback from some state lawmakers and budget officials, Indiana鈥檚 public colleges and universities are slated to increase tuition and fees over the biennium 鈥� up to 4.9% per year 鈥� according to .

The revelation has since put the state鈥檚 higher education officials in the hot seat and prompted calls for Indiana schools to renew efforts to make degrees more affordable and valuable for students.

Concerns also surround Indiana鈥檚 declining college-going rate. The state鈥檚 higher education commissioner indicated in June that Indiana鈥檚 already dismal college-going rate has declined by roughly another half-percent.

Data released last year showed that only half of Indiana鈥檚 2020 high school graduates pursued some form of college education beyond high school. The drop marked the, but the decline has been ongoing for the last five years.

That鈥檚 compared to five years ago, when 65% of Indiana鈥檚 high school graduates pursued some form of higher education.

Dominick Chase, a senior vice president for Ivy Tech Community College, said Indiana institutions 鈥渨ant to keep prices low as possible,鈥� not just for tuition, but for other expenses, too.

鈥淣o one likes to be surprised by the end of the process when you have fees you weren鈥檛 expecting at the beginning,鈥� he said, adding that鈥檚 why Ivy Tech strives to 鈥渂e transparent at the front about how much it鈥檚 going to cost.鈥�

The state鈥檚 largest public postsecondary institution is trying to ease the financial burden on students by , he noted. This fall, eligible students are assessed just $17 per credit hour for textbooks. Next year, that fee will drop to $16 per credit hour.

Dwayne Pinkney, Indiana University鈥檚 executive vice president for finance and administration, emphasized that IU鈥檚 tuition prices are among the lowest in the Big 10, and that the school is 鈥渃ommitted to getting institutional aid鈥� to as many students as possible.

鈥淲e certainly recognize that tuition increases create challenges for students and families,鈥� he said. 鈥淲e鈥檙e making sure we鈥檙e doing everything we can.鈥�

Still, Pinkney doubled down that 鈥渋nvestments鈥� in the state鈥檚 schools still offer 鈥済reat returns.鈥� He said 80% or more of the university鈥檚 funds are needed to compensate 鈥渢he excellent faculty, researchers and support staff who provide the best opportunities for our students.鈥�

Anand Marri, Ball State鈥檚 interim provost and executive vice president for academic affairs, said utility costs are also on the rise, affecting some schools鈥� budgets. Even though the Muncie school has the largest geothermal system in the country, utility costs have increased by more than 5%, he said.

Marri added that university research shows a four-year degree provides more than $1.7 million to a graduate over their lifetime, and that schools 鈥渉ave to get that message across to an increasingly skeptical audience.鈥�

Even so, Chase recognized how easy it is 鈥渢o get on YouTube now and learn things faster.鈥�

鈥淚 don鈥檛 think, as a consumer in this day in age, that we鈥檇 want to take this length of time to learn something,鈥� he said of traditional college degrees. 鈥淪tudents want to do more, faster.鈥�

Vincennes University President Charles Johnson agreed, and said the state鈥檚 schools can collaborate even more, given 鈥渢here are multiple ways to get the same bachelor鈥檚 degree.鈥�

Indiana State University Vice President Diann McKee said focusing on higher education pathways is especially important for attractions and retaining first generation and Pell Grant-eligible students.

鈥淭hose are the students we primarily serve,鈥� McKee said. 鈥淚t鈥檚 really important for us, and for them, to make sure we鈥檙e maintaining affordability for four-year degrees.鈥�

Prospects for new Indianapolis campus

Also discussed during the Thursday meeting was the dissolution of Indiana University-Purdue University Indianapolis (IUPUI). Following a 53-year partnership, the school will be separated into two 鈥� Indiana University Indianapolis and Purdue University in Indianapolis 鈥� beginning in July 2024.

University officials reiterated Thursday that the split will help each school expand their academic and research portfolios, in addition to making a positive impact on the state鈥檚 economy.

Dan Hasler, chief operating officer for Purdue in Indianapolis, said the restructured urban campus won鈥檛 have its own chancellor. Instead, the goal is for Boilermakers and faculty at the Indianapolis location to be 鈥渋n sync鈥� with the flagship West Lafayette campus.

The Indianapolis extension will especially focus on various 鈥渇lavors鈥� of engineering degrees, as well as other science and business-related majors.

He further noted that 80% of students who apply to Purdue鈥檚 West Lafayette campus to do computer science get rejected 鈥� not because they aren鈥檛 qualified, but because the university 鈥渋s out of space.鈥� The Indianapolis location is a chance to give those students the education they want, Hassler continued.

Between 800 and 1,100 new first-year students are expected in Indianapolis in Fall 2024, with the goal that most students will be residential on the campus in the coming years.

As Purdue looks forward, Hasler said the university is hoping to introduce additional fields of study, including in agriculture and motorsports engineering 鈥� given the close proximity to the Indianapolis Motor Speedway.

On the Indiana University side, Michael Huber, vice president of university relations, said the Indianapolis campus will help meet 鈥渟ignificant demand鈥� for health and life sciences. While the 65-mile corridor running from West Lafayette to Indianapolis has become what some are calling the 鈥淗ard Tech Corridor,鈥� Huber said IU is coining the stretch of Interstate 69 between Bloomington and Indianapolis the 鈥淟ife Science Corridor.鈥�

To help, new applied research partnerships with Eli Lilly, also located in Indianapolis, are in the works, he said.

Additional libraries and health services are also coming together on the campus that can be shared by students at both universities, he said.

The two university officials said the combined central Indiana campus should help increase retention of current students, as well as recent graduates.

IU Indianapolis announced its own initiative last month to offer direct admission to Indianapolis Public Schools students who have a grade point average of at least 3.0. Huber said the program has already garnered a 鈥渇lood鈥� of interest from other Marion County high schools who want the same opportunity for their students.

鈥淲e鈥檙e banking on relationships,鈥� Hasler added, referring to collaborations in Indianapolis between the universities and industry.

But he emphasized that Indiana-based companies 鈥渉ave to compete,鈥� too. That means more internships, apprenticeship programs and other incentives will need to come together to better 鈥渨oo鈥� students to stay in the Hoosier state.

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