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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