National Center for Higher Education Management Systems 3035 Center Green Drive, Suite 150 Boulder, Colorado 80301 Using Funding Policy to Achieve State.

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Presentation transcript:

National Center for Higher Education Management Systems 3035 Center Green Drive, Suite 150 Boulder, Colorado Using Funding Policy to Achieve State Goals Higher Education Finance Study Commission Chicago, Illinois July 27, 2010

The Specifics of SJR 88 History and means of higher ed funding in Illinois –Comparisons –Reviewing for adequacy, equity, and reliability Compare productivity of Illinois institutions –State systems –Peer institutions Analyzing best practices for incentivizing certification and degree completion –Students –Institutions Review tuition and financial aid policies – assess roles in improving certification and degree completion Consider alternative funding mechanisms that will advance the goals of the Illinois Public Agenda for College and Career Success.

Policy Leadership slide 3 Strategies for Achieving Goal Attainment Planning and Leadership FinanceRegulationAccountabilityGovernance Goal 1 Goal 2 Goal 3 Goal 4 Consistency Alignment

The Flow of Funds slide 4 Federal Government Tax Policy Appropriations/GrantsStudent Aid Tuition Scholarships & Waivers Student Aid (Restricted) Income Available State and Local Govt. Funds Federal Government Higher Education StudentsInstitutions Economy K-12 Corrections Health Care Other Govt. Donors Foundations Corporations Stimulus Funds

The Flow of Funds - State 5 Federal Government Tax Policy Appropriations/GrantsStudent Aid Tuition Scholarships & Waivers Available State and Local Govt. Funds Higher Education Students K-12 Corrections Health Care Other Govt. Stimulus Funds Federal Government Student Aid Income Economy Public Institutions Private

The Flow of Funds slide 6 Appropriations/Grants Student Aid Tuition Scholarships & Waivers Available State and Local Govt. Funds Higher Education StudentsInstitutions Student Aid Federal Government

Finance Policy – The Options slide 7 Base-Plus Formulas Investment Funds Tuition & Aid Policy Focused on Revenue Generation Performance Funding Tuition & Aid Policy Focused on Attainment of Specified Outcomes Core Capacity Capacity Utilization/ Public Agenda Institution Focused Student Focused

Remember All allocation mechanisms have embedded within them incentives for institutional and student behavior Ask Are incentives within current mechanisms consistent with state goals

Characteristics of Sound Higher Education Finance Policy Comprehensive – encompasses –Appropriations to institutions –Tuition –Student financial aid Components all consistently promote pursuit of state goals Maintains affordability to –Students – judged against family income –States – judged against tax capacity Serves to maintain – as well as create – necessary educational capacity –Promotes alignment of institutional missions with state priorities