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Institute of Education Sciences

IPEDS Finance Data Reveal How Pension Benefits May Contribute to the Growth of Public Postsecondary Institutions’ Financial Liabilities

In the long-standing conversation of high college costs, ever wonder what public colleges and universities owe? For Fiscal Year (FY) 2017, the National Center for Education Statistics (NCES) using the Integrated Postsecondary Education System (IPEDS) found that 1,624[1] public institutions carried debt and total financial obligations of $451 billion in current dollars (see figure 1).

New finance data from IPEDS can now provide more insight about these obligations than was previously available.

Several common financial obligations or liabilities[2] can be found across all U.S. postsecondary institutions. A portion of an institution’s liabilities can be attributed to pension benefits and contributions (i.e., pension liabilities). Since fiscal year 2015, IPEDS collected data on these obligations as a specific part of the total debt held by public postsecondary institutions.  For example, the total amount of pension benefits and contributions that public institutions owed their employees in FY 2017 was $95 billion (see figure 1).

 



 

Before FY 2015, institutions did not have to report to NCES their pension liabilities and the total liabilities for public institutions were $304 billion in FY 2014.  However, after the change in reporting standards, the total liabilities for all public institutions jumped to $395 billion in FY 2015. This increase is greater than increases in all other fiscal years from 2012 to 2017. This finding suggests that the implementation of the new pension reporting standards may have contributed to the change in the increasing trend of total liabilities data.

Reporting Change in Context

Prior to the revised pension reporting standards, dating back to 1997, public institutions reported the difference between their annual required contribution to the pension plan(s) and the actual annual contribution (e.g., net pension obligation). The revised standards—known as Government Accounting Standards Board (GASB) Statements 67 and 68—require institutions to report the entire unfunded pension amount (e.g., net pension liability), not just the amount of deficiency in annual payments.

Including the full current pension liability of the institution instead of the annual shortfall in pension funding of the institution resulted in large shifts in the balance sheet of many public institutions. For example, if an institution had a total of $2 million in pension liabilities, prior to 2015 this institution would not report the $2 million in net pension liabilities, just the amount below the required contribution for that year that was actually paid. Now, this institution must report the full $2 million in net pension liabilities, even if the annual required contribution had been paid in full. This revision of the financial reporting standards resulted in increased transparency and accuracy of the total amount of liabilities reported by institutions.

Additional IPEDS Resources

NCES encourages educational researchers to use IPEDS data—a primary source on U.S. colleges, universities, and technical and vocational institutions. For more information about the IPEDS data, visit the IPEDS Survey Components page.

While finance data from the IPEDS collection may seem to be targeted for accountants and business officers, researchers interested in a postsecondary institution’s financial health can explore through expense and revenue metrics, resulting in possible data-driven, bellwether information. To learn more about an institution’s finance data, in particular its pension benefits, click here for the current finance survey materials; archived changes to the survey materials in 2015–16 (FY 2015)—such as the implementation of the new pension reporting standards; and links to Video Tutorials, FAQs, glossary definitions and other helpful resources.  

 

 By Bao Le, Aida Ali Akreyi, and Gigi Jones


[1] This total includes 735 four-year public institutions, 889 two-year public institutions, and 63 administrative public system offices (41 four-year and 22 two-year offices). Administrative system offices can report on behalf of their campuses. The four non-Title IV-eligible U.S. service academics are not included.

[2] Liabilities include long-term debts (current and noncurrent) as well as other current and noncurrent liabilities such as pensions, compensated absences, claims and judgments, etc.

Explore Transfer Student Data from the Integrated Postsecondary Education Data System (IPEDS)

Transfer students who attend full time complete a degree at higher rates than those attending part time. There were 2.1 million students who transferred into a 4-year institution during the 2009-10 academic year. At public institutions, which had the majority of transfer students (1.3 million) in 2009-10, 61 percent of full-time transfers completed their degree after 8 years of entering the institution, compared to 32 percent of part-time transfers (figure 1).

 



 

While NCES data users may be more familiar with the postsecondary transfer student data in the Beginning Postsecondary Study, NCES also collects data on this topic through the Integrated Postsecondary Education Data System (IPEDS) collection. IPEDS annually requires over 4,000 colleges and universities to report their transfer data starting from enrollment to completion. As defined by IPEDS, students who transfer into an institution with prior postsecondary experience–whether credit was earned or not–are considered transfer-in students. Students who leave an institution without completing their program of study and subsequently enrolled in another institution are defined as transfer-out students.

Below are some of the key data collected on student transfers through the different IPEDS survey components:

  • Fall Enrollment (EF): Transfer-in data

Collected since 2006-07, institutions report the fall census count and specific characteristics—i.e., gender, race/ethnicity, and attendance status (full and part time)—of transfer-in students.

  • Graduation Rates (GR): Transfer-out data

Collected since 1997-98, GR collects counts of students who are part of a specific first-time, full-time student cohort. Data users can calculate the transfer-out rates of first-time, full-time students by race/ethnicity and gender for each institution that reports transfer-out data. NCES requires the reporting of transfer-out data if the mission of the institution includes providing substantial preparation for students to enroll in another eligible institution without having completed a program. If it is not part of the institution’s mission, an institution has the option to report transfer-out data.

  • Outcome Measures (OM): Transfer-in and transfer-out data

Collected since 2015-16, OM collects information on entering students who are first-time students as well as non-first-time students (i.e., transfer-in students). Institutions report on the completions of transfer-in students at three points in time: at 4, 6, and 8 years. Also, any entering student who does not earn an award (i.e., certificate, associate’s degree, or bachelor’s degree), leaves the institution, and subsequently enrolls in another institution is reported as a transfer-out student. Click to learn more about OM. All institutions reporting to OM must report their transfer-out students regardless of mission.

 

NCES has been collecting IPEDS for several decades, which allows for trend analysis. Check out the IPEDS Trend Generator’s quick analysis of transfer-in students' fall enrollment. Also, the National Postsecondary Education Cooperative commissioned a 2018 paper that provides a high-level examination of the most common issues regarding U.S. postsecondary transfer students and presents suggestions on how NCES could enhance its student transfer data collection. For example, one caveat to using IPEDS transfer data is that information on where students transfer from or to is not collected. This means IPEDS data cannot be used to describe the various pathways of transfer students, such as reverse, swirling, and lateral transferring.[1]. While these nuances are important in today’s transfer research, they are out of the scope of the IPEDS collection. However, IPEDS data do provide a valuable national look at transfers and at the institutions that serve them. 

 

[1] A reverse transfer is defined as a student who transfers from a high-level institution to a low-level institution (e.g., transferring from a 4-year institution to a 2-year institution). Students who take a swirling pathway move back and forth between multiple institutions. A lateral transfer student is a student who transfers to another institution at a similar level (e.g., 4-year to 4-year or 2-year to 2-year). 

 

 

By Gigi Jones

 

 

 

Classification of Instructional Programs and the 2020 Update

How many bachelor’s degrees in computer science were awarded to women last year? What is Megatronics? What colleges and universities in Rhode Island offer degree programs in Animal Science?1

These are examples of the many questions NCES receives related to fields of postsecondary study. The ability of NCES to provide information on these topics and many related questions rests on the standardized use of the Classification of Instructional Programs (CIP).                         

The CIP, a taxonomy of instructional programs, provides a classification system for the thousands of different programs offered by postsecondary institutions. Its purpose is to facilitate the organization, collection, and reporting of fields of study and program completions.

NCES uses CIP Codes in the Integrated Postsecondary Education Data System (IPEDS) Completion Survey to report how many degrees and certificates were awarded for each field of study. Each field is represented by a 6-digit CIP code, and classified according to 2- and 4-digit prefixes of the code. Each 6-digit CIP Code includes the following elements:  Numeric Code, Title, Description, Illustrative Example and Cross Reference. For example:

 

11.1003 Computer and Information Systems Security/Information Assurance.
A program that prepares individuals to assess the security needs of computer and network systems, recommend safeguard solutions, and manage the implementation and maintenance of security devices, systems, and procedures. Includes instruction in computer architecture, programming, and systems analysis; networking; telecommunications; cryptography; security system design; applicable law and regulations; risk assessment and policy analysis; contingency planning; user access issues; investigation techniques; and troubleshooting.

Examples: [Information Assurance], [IT Security], [Internet Security], [Network Security], [Information Systems Security]
See also: 43.0116 – Cyber/Computer Forensics and Counterterrorism

 

CIP Codes and IPEDS Completions Survey data are used by many different groups of people for many different reasons. For instance, economists use the data to study the emerging labor pools to identify people with specific training and skills. The business community uses IPEDS Completions Survey data to help recruit minority and female candidates in specialized fields, by identifying the numbers of these students who are graduating from specific institutions.  Prospective college students can use the data to look for institutions offering specific programs of postsecondary study at all levels, from certificates to doctoral degrees.

 

 

2020 CIP Update:  Call for Comments

The CIP was initiated in 1980 and has been revised four times since—in 1985, 1990, 2000, and 2010. The 2020 CIP will focus on identifying new and emerging programs of study and presenting an updated taxonomy of instructional program classifications and descriptions. A CIP code will be deleted only when there is strong evidence that it is no longer offered at any IPEDS postsecondary institutions. NCES tentatively plans to implement the CIP 2020 during the 2020–21 IPEDS collection year.

The 2020 CIP revision will be the first time that NCES has solicited comments from the general public about a planned revision. To view the 2020 CIP Federal Register Notice (FRN), please visit: https://www.regulations.gov/document?D=ED-2018-IES-0126-0002.  Comments regarding the 2020 CIP were submitted on the regulations.gov website through March 27, 2019.

UPDATE: Following the public comment and revision period, the final version of CIP:2020 was posted on July 1, 2019: https://nces.ed.gov/ipeds/cipcode/Default.aspx?y=56

 

By Michelle Coon

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1How many bachelor’s degrees in computer science were awarded to women last year? A total of 4,134 women received a bachelor’s degree in computer science for the 2016–17 academic year.

What is Megatronics? A program that prepares individuals to apply mathematical and scientific principles to the design, development and operational evaluation of computer controlled electro-mechanical systems and products with embedded electronics, sensors, and actuators; and which includes, but is not limited to, automata, robots and automation systems. Includes instruction in mechanical engineering, electronic and electrical engineering, computer and software engineering, and control engineering.

What colleges and universities in Rhode Island offer degree programs in Animal Science? Only The University of Rhode Island offers degrees in Animal Science.

 

Expanding Student Success Rates to Reflect Today’s College Students

By Gigi Jones

Since the 1990s, the Integrated Postsecondary Education Data System (IPEDS) has collected and published graduation rates for colleges and universities around the country. These rates were based on traditional college students—first-time, full-time degree- or certificate-seeking undergraduate students (FTFT) who, generally, enrolled right after high school.

While these data are insightful, some have argued the FTFT graduation rate only provides a part of the picture because it doesn’t consider non-traditional students, including those who are part-time students and transfers. This is an important point because, over the past decade, the number of non-traditional students has outpaced the increase in traditional students, mostly driven by growth in those who have transferred schools.  

The new IPEDS Outcome Measures survey was designed to help answer these changes. Starting with the 2015-16 collection cycle, entering students at more than 4,000 degree-granting institutions must be reported in one of four buckets, also called cohorts (see Figure below).

The FTFT cohort is similar to what has been collected since the 1990s, but the Outcome Measures adds three new student groups to the equation: 

  • First-time, part-time students (FTPT), who attend less than a full-time credit workload each term (typically less than 12-credits) and who have no prior postsecondary attendance; 
  • Non-first-time students, also known as transfer-in students, who are enrolled at a full-time level (NFTFT); and
  • Non-first-time students, also known as transfer-in students, who are enrolled at a part-time level (NFTPT).

For these four cohorts, postsecondary institutions report the awards conferred at two points of time after the students entered the institution: 6 years and 8 years. If students did not receive an award, then institutions must report their enrollment status one of three ways: 1) Still enrolled at the same institution; 2) Transferred out of the institution; or 3) Enrollment status is unknown.

These changes help respond to those who feel that the FTFT graduation rates do not reflect the larger student population, in particular public 2-year colleges that serve a larger, non-traditional college student population. Since 2008, steps have been taken to construct and refine the data collection of non-traditional college students through a committee of higher education experts (PDF) and public Technical Review Panels (see summaries for panels 37, 40 and 45).

The 2016-17 preliminary Outcome Measures data were released on October 12, as part of a larger report on IPEDS winter data collection. The data for individual schools can be found on our College Navigator site.  The final data for 2015-16 will be released in early 2018. Sign up for the IES News Flash to be notified when the new data are released or follow IPEDS on Twitter. You can also visit the IPEDS Outcome Measures website for more information. 

While this is an important step in the process, we are continuing to improve the data collection process. Starting with the 2017-18 Outcome Measures collection, the survey includes more groups (i.e., Pell Grant v. Non-Pell Grant recipients), a third award status point (4-years after entry), and the identification of the type of award (i.e., certificates, Associate’s, and Bachelor’s). Watch for the release of these data in fall 2018. 

EDITOR'S NOTE: This post was updated on October 12 to reflect the release of Outcome Measures data.

Getting to Know and Use the Integrated Postsecondary Education Data System

By Sarah Souders

More than 3,915,918 individuals were employed by degree-granting postsecondary institutions in 2015. These employees provided services and support to the 19,977,270 students attending the nation’s 4,562 degree-granting institutions.

We know this information—and much more—because of the Integrated Postsecondary Education Data System (IPEDS), a program in the National Center for Education Statistics (NCES). In fact, these data points only scratch the surface of information collected and updated annually by IPEDS. Each year, IPEDS issues 12 surveys to all postsecondary institutions receiving Title IV Federal Aid[1] and some institutions that participate by choice. The surveys provide data on a broad range of topics, from enrollment, admissions, and cost to grad rates, faculty, and human resources.  These data are reported by gender, race/ethnicity, institution type, and more.

But we don’t just want people to know about the data – we want them to use it!

The “Use the Data” landing page (see image below) provides many options for analysis. Users can look up and compare institutions, view trends and statistical tables for specific data points, download a complete survey file, customize a data file, or download a report summarizing the data for specific institutions.

Screen shot of IPEDS Use the Data website

There are many options for analysis given the extensive data collection and number of tools. One tool, the IPEDS Trend Generator, allows users to select a subject and question to observe trends over time. The trend generator allows users to explore enrollment trends, among many other topics.

Below is an example of a bar graph that can be generated using this tool. With the click of a couple of buttons, you can quickly learn that the number of students attending postsecondary institutions (as measured by 12-month enrollment) has been declining in recent years, after peaking in 2010-11 at 29,522,688 students. By 2014-15, enrollment decreased to 27,386,275 students, a decline of more than 2 million students.  

In addition to producing graphical displays, data from the Trend Generator can quickly be exported to an Excel file.

Chart showing trend data on postsecondary enrollment

Users also have the option to create custom data files which can be exported to Excel, SAS, STATA, or SPSS files. Users can choose individual or specific institutions using their own criteria, or groups of similar institutions can be selected at once by using predetermined categorizations. Some pre-set groupings include whether the institution is the state’s land grant institution, a Historically Black College and University, or a tribal college. Institutional groupings can also be selected by geographic characteristics and other groupings, such as highest degree offered, availability of distance education, and Carnegie classification. The full list of institutional groupings can be found on the IPEDS website

After selecting the institutions, users can choose the variables to be analyzed. In the screenshot below, you can see that the variable “number and salaries of non-medical full-time staff” allows users to select breakouts by academic rank, such as professor, associate professor, lecturer, etc. These breakouts can provide greater detail with regard to current and average salary. Once the variables are selected, the desired data file is complete and can be exported into one of the available formats.

Screenshot of IPEDS categories

The Integrated Postsecondary Education Data System contains a multitude of data which can be accessed for all levels of analysis, whether you are an experienced statistician or just a casual user. If you are using the data and have questions or comments, contact the IPEDS Help Desk by phone at 1-877-225-2568 or by email: ipedshelp@rti.org .

Sarah Souders was a 2017 summer intern for NCES. She is a student at The Ohio State University. 

[1] Title IV of the HEA authorizes the federal government’s primary student aid programs, which are the major source of federal support to postsecondary students. Title IV aid includes programs like Pell Grants, Stafford Loans, Perkins Loans, Supplemental Educational Opportunity Grants, and Federal Work Study. If an institution accepts aid from programs authorized by Title IV of the Higher Education Act of 1965, as amended (20 USC 1094, Section 487(a)(17) and 34 CFR 668.14(b)(19)), then they are required to complete all IPEDS surveys.