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KENTUCKY STATE UNIVERSITY Special Meeting of the Board of Regents 1:15 p.m., February 24, 2014 Board Room, Julian M. Carroll Academic Services Building Frankfort, Kentucky Regent Karen W. Bearden, Presiding
1. Call to Order:
MINUTES
Chairperson Karen Bearden called the meeting of the Kentucky State University Board of Regents to order at 3:17 p.m. on February 24, 2014.
II. Roll Call:
Chairperson Bearden asked the Secretary to conduct the Roll Call:
Regent Barfield, Present
Regent Bearden, Present
Regent Guarnieri, Absent
Regent Haskins, Present
Regent Henry, Absent
Regent Jeter-Davis, Present
Regent Lysonge, Present
Regent McFayden, Present
Regent Reddy, Absent
Regent Whitehead, Present
Regent Williams, Present
Eight Regents were in attendance. A quorum was declared.
III. Opening Remarks:
Chairperson Bearden welcomed the attendees to the meeting. She asked President Sias to provide her report.
IV. President's Report:
President Sias commended KSU upon its focus on heart health this month.
Financial Aid Cohort Default Rate:
President Sias discussed the Cohort Default rate and displayed a Powerpoint presentation. KSU receives $21 million in federal funds through federal loans and other aid for its students. Approximately 82% of KSU students receive some type of aid, equaling $11.9 million in loans. Some former KSU students have not been fulfilling their repayment terms and as a result, KSU's cohort loan default
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