Faculty  Persons identified by the institution as such and typically those whose initial assignments are made for the purpose of conducting instruction, research or public service as a principal activity (or activities). They may hold academic rank titles of professor, associate professor, assistant professor, instructor, lecturer or the equivalent of any of those academic ranks. Faculty may also include the chancellor/president, provost, vice provosts, deans, directors or the equivalent, as well as associate deans, assistant deans and executive officers of academic departments (chairpersons, heads or the equivalent) if their principal activity is instruction combined with research and/or public service. The designation as “faculty” is separate from the activities to which they may be currently assigned. For example, a newly appointed president of an institution may also be appointed as a faculty member. Graduate, instruction, and research assistants are not included in this category.  
Fall Cohort  The group of students entering in the fall term established for tracking purposes. For the Graduation Rates component, this includes all students who enter an institution as full-time, first-time degree or certificate-seeking undergraduate students during the fall term of a given year. First-time student (undergraduate)
Fall Term  The part of the academic year that begins between late August and November 1.  
FASB (Financial Accounting Standards Board) Financial Accounting Standards Board (FASB) is recognized by the American Institute of Certified Public Accountants (AICPA) as the body authorized to establish accounting standards. In practice it defers to the Governmental Accounting Standards Board (GASB) for the setting of accounting standards for local and state government entities.  
Financial Aid  Grants, loans, assistantships, scholarships, fellowships, tuition waivers, tuition discounts, veteran’s benefits, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This includes Title IV subsidized and unsubsidized loans made directly to students.  
First-generation student Students whose parent(s) or legal guardian(s) have not completed a bachelor’s degree  
First-professional certificate (post-degree) An award that requires completion of an organized program of study designed for persons who have completed the first-professional degree. Examples could be refresher courses or additional units of study in a specialty or subspecialty.  
First-professional degree An award that requires completion of a program that meets all of the following criteria: (1) completion of the academic requirements to begin practice in the profession; (2) at least 2 years of college work prior to entering the program; and (3) a total of at least 6 academic years of college work to complete the degree program, including prior required college work plus the length of the professional program itself. First-professional degrees may be awarded in the following 10 fields: Chiropractic (D.C. or D.C.M.) Dentistry (D.D.S. or D.M.D.) Law (L.L.B., J.D.) Medicine (M.D.) Optometry (O.D.) Osteopathic Medicine (D.O.) Pharmacy (Pharm.D.) Podiatry (D.P.M., D.P., or Pod.D.) Theology (M.Div., M.H.L., B.D., or Ordination) Veterinary Medicine (D.V.M.)  
First-time student (undergraduate) A student attending any institution for the first time at the undergraduate level. Includes students enrolled in academic or occupational programs. Also includes students enrolled in the fall term who attended college for the first time in the prior summer term, and students who entered with advanced standing (college credits earned before graduation from high school).  
First-year student A student who has completed less than the equivalent of 1 full year of undergraduate work; that is, less than 30 semester hours (in a 120-hour degree program) or less than 900 contact hours.  
Fiscal Year  A twelve-month period running from July 1st through the following June 30th.  
Freshman  A first-year undergraduate student.  
Fringe Benefits  Cash contributions in the form of supplementary or deferred compensation other than salary. Excludes the employee’s contribution. Employee fringe benefits include retirement plans, social security taxes, medical/dental plans, guaranteed disability income protection plans, tuition plans, housing plans, unemployment compensation plans, group life insurance plans, worker’s compensation plans, and other benefits in-kind with cash options.  
Fringe benefits expenditures Cash contributions (of the institution) in the form of supplementary or deferred compensation other than salary. Excludes the employee’s contribution.  
Full-time equivalent (FTE) students

A measurement equal to one student enrolled full time for one academic year. The three mostly used FTE definitions are: A. IPEDS Definition (using instructional activity): The number of FTE students is calculated based on the credit and/or contact hours reported by the institution on the IPEDS Enrollment (EF) component and the institution’s calendar system, as reported on the Institutional Characteristics (IC) component. The following table indicates the level of instructional activity used to convert the credit and/or contact hours reported to an indicator of full-time equivalents (FTE students):

  • Quarter calendar system
    • Enrollment level (One FTE over 12-month period)
  • Undergraduate 45 credit hours, 900 contact hours
  • Graduate 36 credit hours
  • Semester/trimester/4-1-4 plan/other calendar system (ULV current calendar system is considered 4-1-4 plan)
    • Enrollment level (one FTE over 12-month period)
  • Undergraduate 30 credit hours 900 contact hours
  • Graduate 24 credit hours
B. ULV Definition (for Accreditation Purposes): Undergraduate students: A Main Campus undergraduate student who takes 12 credits or more is calculated as 1, and otherwise, term credit hours divided by 15; Athens’ students, term credit hours divided by 8; CAPA students, term credit hours divided by 12, and other regional campuses students, term credit hours divided by 8; Bakersfield Credential students, credit hours divided by 8; and CalPolyCLAD students, semester hours divided by 9. Graduate students: Main Campus (MBA, MPA, MHA) students, term credit hours divided by 6; Main Campus PsyD, MA Psy) students, semester ours divided by 9; PASC students, Graduate (Tier 1), term hours divided by 9, and Doctoral (Tier 2), term hours divided by 6; DPA, EdD, and Bakersfield Credential students, term credit hours divided by 9; Law students, term hours divided by 9; Regional Campus students, term hours divided by 6; Athens’ students, term hours divided by 6; CalPoly CLAD students, semester hours divided by 9. C. Other commonly used definitions: total number of full-time students plus one third part-time students.
Full-time instructional faculty Those members of the instruction/research staff who are employed full time and whose major regular assignment is instruction, including those with released time for research. Also, includes full-time faculty for whom it is not possible to differentiate between teaching, research and public service because each of these functions is an integral component of his/her regular assignment. Primarily instruction Instruction combined with research and/or public service
Full-time staff (employees) As defined by the institution. The type of appointment at the snapshot date determines whether an employee is full time or part time. The employee’s term of contract is not considered in making the determination of full or part time.  
Full-time student Undergraduate–A student enrolled for 12 or more semester credits , or 12 or more quarter credits, or 24 or more contact hours a week each term. Graduate–A student enrolled for 9 or more semester credits, or 9 or more quarter credits, or a student involved in thesis or dissertation preparation that is considered full time by the institution. First-professional–As defined by the institution.