The Postsecondary Challenge: More Degrees for the Dollars We Spend Travis Reindl ECS National Forum on Education Policy Austin, TX July 1, 2008.

The Postsecondary Challenge: More The Postsecondary Challenge: More Degrees for the Dollars We SpendDegrees for the Dollars We Spend

Travis ReindlTravis Reindl

ECS National Forum on Education PolicyAustin, TX • July 1, 2008

Slide 2

The Attainment Challenge: Adults with a College Degree, 2005

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Benchmark for International Competitiveness by 2025 (55%)

SOURCE: NCHEMS

Slide 3

The Attainment Challenge: Change in 18-44 Year Old Population, 2005-2025

-0.88

-6.59

0.42

2.031.87

5.49

0.33

1.41

-8

-6

-4

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0

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4

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8

18-24 25-44Mill

ion

s White

African American

Hispanic

Other

SOURCE: U.S. Census Bureau

Slide 4

The Finance Challenge: Too Much on Price, Not Enough on Cost

SOURCE: AGB

Association of Governing Boards Survey (2007)

QUESTION: Did you present expenditures per student (not tuition or room and board costs) to your governing board at any time in the 2006 fiscal year? [all institutions; n=700]

42%

58%Yes No

Slide 5

The Finance Challenge: Short and Long Term Fiscal Squeeze

Short Term: Recession spells trouble for higher education budgets; growing number of states making or planning cuts.

Long Term: Competition for public resources will intensify as the population ages, leaving higher education vulnerable:

> Higher education’s share of state budgets continues to fall, from 13% in FY97 to 11.2% in FY07.

> Every state faces spending commitments that will outpace revenues.

SOURCES: NASBO; Rockefeller Institute

Slide 6

The Political Challenge: A Worried Public

SOURCES: NCPPHE, Public Agenda

Slide 7

The Political Challenge: A Skeptical PublicAMERICANS ARE SPLIT ON THE QUESTION OF WHETHER

MORE SPENDING BY COLLEGES IS LEADING TO MORE LEARNING FOR STUDENTS

SOURCES: NCPPHE, Public Agenda

Slide 8

A Productivity Agenda for Higher Education

Recasting state finance systems to reward institutions for graduating students, not just enrolling them.

Increasing the efficiency and cost-effectiveness of academic programs and administrative operations.

Aligning resources in ways that allow institutions to serve more students.

Slide 9

For More Information

Travis ReindlProgram DirectorJobs for the Future88 Broad StreetBoston, MA [email protected]

www.makingopportunityaffordable.org