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1 Jobs and Prosperity Oklahoma’s Road to HIGHER EDUCATION: November 19, 2013.

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Presentation on theme: "1 Jobs and Prosperity Oklahoma’s Road to HIGHER EDUCATION: November 19, 2013."— Presentation transcript:

1 1 Jobs and Prosperity Oklahoma’s Road to HIGHER EDUCATION: November 19, 2013

2 State Regents’ Legislative Agenda and Budget Request Complete College America Prohibit Weapons on Campus Oklahoma’s Promise

3 The State Regents, all 25 institutions, and all governing boards believe that there is no scenario where allowing guns on our campuses will do anything other than create a more dangerous environment for our students, our faculty, our staff and our visitors. 3 Campus Security In past six legislative sessions, legislation has been introduced or discussed that would allow students to carry weapons onto college campus. We have successfully stopped the legislation to date. It will continue to be a top priority of our higher education system to ensure that this legislation does not become law.

4 1,000 3,000 5,000 7,000 9,000 11,000 13,000 15, ,717 2,004 2,982 5,889 9,155 12, ,000 19,000 14,669 16,929 18,298 19, , ,081 19, , Number of Oklahoma’s Promise Scholarship Recipients Assumes 1% annual increases in OK Promise high school enrollment and 65% completion rate of high school requirements for scholarship eligibility.

5 5

6 In The Global Economy of the 21 st Century, 90 Percent of the Fastest-Growing Jobs Will Require a Higher Education. In The Global Economy of the 21 st Century, 90 Percent of the Fastest-Growing Jobs Will Require a Higher Education. 2 6 Source: United States Bureau of Labor Statistics

7 7 Source: Bureau of the Census 2012 compared to Oklahoma at 23.8 percent. Nationally, more than one-quarter (29.1 percent) of adults 25 and older have a bachelor’s degree or more.

8 State Per Capita Personal Income v. Share of Adult Population with Bachelor's Degree or Higher The Overwhelming Majority of States That Have a High Percentage of Their Citizens with a College Degree Have a Higher Per Capita Income. CaliforniaColorado ConnecticutDelaware IllinoisMaryland MassachusettsMinnesota New HampshireNew Jersey New YorkRhode Island VermontVirginia WashingtonWyoming No state with a low percentage of its citizens with a college degree has a high per capita income. AlabamaArizonaArkansas FloridaGeorgiaIdaho IndianaIowaKansas KentuckyLouisianaMaine MichiganMississippiMissouri Montana NebraskaNevada New MexicoNorth CarolinaOhio OklahomaOregonSouth Carolina South DakotaTennesseeTexas UtahVermontVirginia West VirginiaWisconsin 8 Source: United States Bureau of Economic Analysis

9 Learn More, Earn More 2012 Median U.S. Earnings by Educational Attainment (for workers age 25 and older) Source: Bureau of Labor Statistics, Current Population Survey 2012Bureau of Labor Statistics, Current Population Survey

10 $1,455,253 High School Graduate $1,725,822 Some College $1,801,373 Associates Degree $2,567,174 Bachelor’s Degree $2,963,076 Master’s Degree $3,982,577 Doctorate $5,254,193 Professional Lifetime Earnings! Source: U.S. Department of Commerce Economics and Statistics Administration – U.S. Census Bureau $1.1 M more in a Lifetime than HS Grad 10

11 No High School Diploma 12.4% High School Diploma 8.3% Some College 7.7% Associates Degree 6.2% Bachelor’s Degree 4.5% Master’s Degree 3.5% Professional Degree 2.1% Doctoral Degree 2.5% Source: Bureau of Labor Statistics, Current Population Survey 2012Bureau of Labor Statistics, Current Population Survey

12 Percent of Oklahoma Residents Who Graduate with a Bachelor’s Degree Remain In the State and are Employed In the State One Year After Graduation Students Who Learn Here, Earn Here Source: 2012 Employment Outcomes Report 87% Remain in the State 12

13 Link Academic Programs to the needs of Business Healthcare, Allied Health and Nursing Engineering Business Aviation and Aerospace Wind Turbine Technology Health Information Management Management Information Systems 13

14 A total cumulative cost savings of $451.7 million from $451.7 m $411 m $74 m Changes in Salaries and Benefits Changes and Elimination of Positions Energy Conservation and Conversion Reduction in Supplies IT Savings Source: FY15 Institutional Budget Needs Survey $0 m $50 m $100 m $150 m $200 m $250 m $300 m $350 m $400 m $450 m $500 m $112 m $347 m Higher Education Cost Savings 14 FY14 Cost Savings $43.6

15 15 Higher Education Cost Savings $1 m $15 m $30 m $45 m $60 m $75 m Transfers and Other Supplies Utilities $2.1 m $73.5 m $49.3m $70.9 m $16.3 m Travel, Periodicals and Other Source: Oklahoma State Regents for Higher Education Personnel and Benefits 15

16 Information Technology Cost Savings $239.7 Million FY14 $48.2 Million 16

17 Oklahoma’s 25 College and Universities have an active and productive grantsmanship program which contributes to the institutions funding outside the appropriations process. Source: Oklahoma State Regents for Higher Education In FY14, our institutions reported $620.3 million in competitive grants for program development and research. 17

18 FY12FY10 History of State Appropriations FY11 18 FY09 $1,050.9 billion FY13 FY14 $988.5 million System Overview FY08 $1,001 billion $1,039 billion $943.7 million $955 million $945 million

19 19 FY80 FY90 FY00 FY10 FY13 5% 15% 10% 20% 15.6% 15.3% Higher Education’s Percent of Oklahoma Total State Appropriations 18.6% FY % 14.8% 14.6%

20 % 40% 100% 80% 60% 0% State Appropriations as a percent of Total Higher Education Budget 50.8% 39.9% 39.5% % 74.2%

21 21 Record Enrollment 177, ,067 Academic Year 2008 Academic Year 2013

22 Tuition and Mandatory Fees 5% 5.8% Tuition and Mandatory Fee Increases in 2009 – % % % 2013

23 California 72% 5 – year Change in Public Four Year College Tuition and Fees Washington 64% Arizona 78% Source: College Board: Average Published Tuition and Fees by State through Florida 67% Georgia 63% 23

24 24 Nationally, Oklahoma is Ranked: 8 th in Higher Education Efficiency 7 th in College Affordability 19 th in STEM Job Growth Source: “Enterprising States” – A Project of the US Chamber of Commerce and the National Chamber Foundation ENTERPRISING STATES

25 “According to the report, Oklahoma places 8 th in Nation on the list of States with the lowest student debt.” The Project on Student Success – Institute for College Access and Success Student Debt Report Oklahoma is 21% below the national average in student debt. 25

26 26 “Over the Last Two Decades, the United States has declined in Degree Completion From 1 st in the World to 16 th in the World” Organization for Economic Cooperation and Development Korea Canada Japan Russia Ireland Norway New Zealand United Kingdom Australia Denmark Luxembourg FranceIsrael Belgium Sweden USA

27 Transform Remediation Strengthen Pathways to College Degrees and Certificates Reward Performance Increase Adult Degree Completion Focus On College Readiness 27

28 28 30,500 Goal 1,700 50, ,945

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30 Oklahoma Public Higher Education: Economic and Social Impacts H I G H E R E D U C A T I O N R E P O R T RESEARCH FOUNDATION 30

31 Battelle Findings on the Economic Impact of Oklahoma Higher Education H I G H E R E D U C A T I O N R E P O R T Public higher education has an impact of $9.22 billion on the state’s economy annually and supports more than 85,000 Oklahoma jobs; The estimated return on investment for public higher education is $4.72 for every $1.00 of state funding; Public universities have a strong and flourishing presence in advanced research, conducting $360 million in annual research and growing their research volume at a pace that exceeds the national growth rate. For every $1 in state funding, public universities attract an additional $2.24 in federal funding. 31

32 FallinForBusiness.com Perceptions of Oklahoma’s Business Climate “The Quality of our two/four year college and university system” #1 Business Climate Strength in the State 32

33 33 FallinForBusiness.com Highest Ranked Business Climate Factors Quality of 2/4 year College/University system Access to supplies required to conduct business Career-Tech System Preparation for the workplace Affordable housing options for employees Recreational opportunities Perceptions of Oklahoma’s Business Climate

34 34 Jobs and Prosperity Oklahoma’s Road to HIGHER EDUCATION:


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