Presentation is loading. Please wait.

Presentation is loading. Please wait.

Higher education financing trends… national patterns and implications for Illinois Jane V. Wellman Illinois Higher Education Finance Commission Chicago,

Similar presentations


Presentation on theme: "Higher education financing trends… national patterns and implications for Illinois Jane V. Wellman Illinois Higher Education Finance Commission Chicago,"— Presentation transcript:

1 Higher education financing trends… national patterns and implications for Illinois Jane V. Wellman Illinois Higher Education Finance Commission Chicago, IL August 27, 2010

2 Topics to be covered Major take-aways from national research re: trends in revenues and spending Pricing, spending and subsidy trends What the data say about adequacy and equity Recommendations about future focus for IL 2

3 National patterns: Where the money comes from Source: Delta Cost Project IPEDS database, , 11-year matched set. Note: In private institutions, investment returns include unrealized gains/losses. 3

4 National patterns: Where the money goes Operating expenses per FTE by major category, 1998 – 2008, in 2008 $

5 Spending within E&R, (in 2008 $) 5 National patterns: Where the money goes within E&R

6 Illinois Public Research Institutions: Average Subsidy/Student share of E&R Spending per student by State, 2008

7 Illinois/National Comparisons - Public Research Sector - AY 2008 National averageIllinoisIllinois Rank E&R spending per student $15,619$16,28220 State and local subsidy per student $8,055$7,

8 Public Masters Institutions: Average Subsidy/Student share of E&R Spending per student by State, 2008 Illinois

9 Illinois/National Comparisons - Public Masters AY 2008 National averageIllinoisIllinois Rank E&R spending per student $12,185$13,56013 State and local subsidy per student $6,578$7,

10 Public Community Colleges: Average Subsidy/Student share of E&R Spending per student by State, 2008 Illinois

11 Illinois/National Comparisons – Public Community Colleges AY 2008 National averageIllinoisIllinois Rank E&R spending per student $10,396$7,83646 State and local subsidy per student $7,404$5,

12 12 National Public % change Research sector$14,219$15, % Student share42%48%+14.3% Masters sectpr$11,39212, % Student share40%46%+15% Community Colleges$9,600$10, % Student share27%28%+3.7% Illinois public institutions Research sector$14,980$16, % Student Share43%55%+28% Masters sector$12,750$13, % Student share35%48%+37% Community colleges$7,052$7,836+11% Student share27%31%+14.8% Public sector changes in E&R spending per student, and in student share of costs,

13 Degrees & Certificates awarded per FTE vs. Total Funding per FTE ( ) slide 13 Source: SHEEO State Higher Education Finance Survey 2008: NCES IPEDS Completions Survey

14 14

15 15

16 Recommendations for future Illinois policy focus Anchor financing strategy on using resources to meet goals – Adequacy focus will always put pressure on increasing revenues in research sector – Equity considerations and student share of costs appropriate factors to include Build expectations for strategic cost management and productivity into fund management – Look for evidence of sustained investments in core functions Develop – and use – metrics for monitoring spending including cost- management that address subsidies, prices as a share of costs, and how resources are used Pay attention to state as well as institutional role in finding long-term solutions Include attention to private providers 16


Download ppt "Higher education financing trends… national patterns and implications for Illinois Jane V. Wellman Illinois Higher Education Finance Commission Chicago,"

Similar presentations


Ads by Google