BYU-Idaho’s fourth core theme is “Delivering education that is affordable for students and the Church.”
Objective 1 – Low Cost
Maintain an annual cost below the median of national and regional peers. Key indicator for Objective 1:
• Average annual cost of attendance.
Objective 2 – Default Rates
Maintain a student loan default rate below the national average with an aspirational goal of less than 3 percent. Key indicators for Objective 2:
• Loan default rate.
Rationale for Selection of Indicators: Most of the Core Theme indicators were selected after a robust discussion in University Council on February 28, 2017. Although there have been some minor changes and modifications to those indicators following regular and ongoing discussions in President’s Council and University Council meetings, the overall set of indicators has served us well. All of the key indicators were selected from a larger list of metrics included on the Institutional Dashboard.
Key Indicators for Objective 1 – Low Cost
Source: U.S. Department of Education College Scorecard
Expectation: Below the national and regional peers' median.
Status: Meeting expectation.
Notes: The average annual cost includes the average annual net price for federal financial aid recipients, after aid from the school, state, or federal government. For public schools, this is only the average cost for in-state students. The national median cost excludes for-profit universities and two-year colleges. The regional median includes Boise State University, Brigham Young University, Idaho State University, Southern Utah University, University of Idaho, University of Utah, Utah State University, Utah Valley University, Weber State University, and Westminster College. The cost of attendance for each regional peer institution can be viewed on the Regional Peer Costs page.
Key Indicators for Objective 2 – Default Rates
Source: U.S. Department of Education Federal Student Aid
Expectation: Below the national rate – an aspirational goal of less than 3 percent.
Status: Meeting expectation.
Notes: The three-year student loan default rate gives the percentage of students with a loan that go into default within three years of graduation. The national default rate excludes for-profit universities and two-year colleges. The regional default rate includes Boise State University, Brigham Young University, Idaho State University, Southern Utah University, University of Idaho, University of Utah, Utah State University, Utah Valley University, Weber State University, and Westminster College. The national and regional default rate are calculated as the total number of borrowers defaulted from all included institutions divided by the total number of borrowers who entered repayment from all included institutions.
The indicators suggest that BYU-Idaho is successfully meeting expectations for core theme four and its objectives.