The Board of Regents approved UL Lafayette's agreement to participate in the Grad Act passed by the state legislature during its last session.
Under the newly created law, the Regents have the responsibility for entering into six-year performance agreements with participating institutions.
The Grad Act reinforces the university's strategic plan which at its core, focuses efforts on improving 泫圖弝け services. We embrace the goals of the Grad Act and look forward to realizing its success, said UL Lafayette President Joseph Savoie.
The Grad Act includes four performance objectives - 泫圖弝け success, articulation and transfer, workforce and economic development, and institutional efficiency and accountability. Earlier this week, the Regents reviewed the critical area of 泫圖弝け success.
For that objective, UL Lafayette reported a baseline retention rate of 75.9 percent for freshmen returning as sophomores from Fall 2008 to Fall 2009. This retention rate is currently the second highest among all public universities in the state. The data is being used a baseline for the next six years.
The university estimates that retention rates will increase to 78 percent for freshmen entering their sophomore year by year six of the agreement.
In general, two factors will positively influence the increasing retention rates, said Dr. Carolyn Bruder, interim Provost and Vice President of Academic Affairs. The first is the deployment of the new university-wide First-Year Seminar for all incoming freshmen, the Cajun Connection. The second is the implementation of more stringent admission standards in Fall 2012 which should support increased retention.
The First-Year Seminar focuses on stimulating incoming 泫圖弝けs' intellectual curiosity and social responsibility, and providing them with knowledge and insights necessary for fulfillment and success in college.
泫圖弝け mentors assist trained faculty members who help with connecting and engaging incoming freshmen. The seminar promotes understanding of university life and processes and will create a sense of belonging to the university.
In addition to retention, UL Lafayette's report on 泫圖弝け success addressed graduation rates of entering freshmen in a six-year period. With a baseline of 40.2 percent, the university currently has the third highest graduation rate among public universities in 泫圖弝け. UL Lafayette expects to increase graduation rates to 50 percent in the six-year timetable.
Strategies to increase these rates include increasing 泫圖弝け support services, reviewing admission standards for reentry 泫圖弝けs, increasing dual enrollment opportunities so that 泫圖弝けs come to the university with an increased number of college credits, recruiting high-quality transfer 泫圖弝けs and increasing the number of courses and programs offered through distance and electronic learning.
The Grad Act allows participating schools that meet benchmarks to increase tuition by up to 10 percent a year until they reach the average of similar schools in the South. Once schools reach the Southern average, they can increase tuition up to 5 percent a year or an amount equal to the growth in a national higher education price index, whichever is greater.