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Senate Interim Committee on the Cost of a College Education

Senate Interim Committee on the Cost of a College Education. Ms. Kathy Swan, Chair Coordinating Board for Higher Education August 30, 2006. 2. 3. 4. Estimated Average Annual Salary in Missouri by Degree Earned (FT). Certificate Degree $30,475 Associate Degree $29,472

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Senate Interim Committee on the Cost of a College Education

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  1. Senate Interim Committee on the Cost of a College Education Ms. Kathy Swan, Chair Coordinating Board for Higher Education August 30, 2006

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  5. Estimated Average Annual Salary in Missouri by Degree Earned (FT) • Certificate Degree $30,475 • Associate Degree $29,472 • Bachelors Degree $30,011 • Masters Degree $44,665 • Doctorate Degree $50,683 • Professional Degree $52,261 5

  6. Average Prose, Document, and Quantitative Literacy of Adults in Missouri and the Nation, By Educational Attainment: 2003 6

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  8. Civic Involvement 8

  9. Educational Attainment for Those in State and Federal Prisons, in Local Jails, on Probation, and in the General Population Source: U.S. Department of Justice, Bureau of Justice Statistics, Education and Correctional Populations, January 2003 9

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  12. Number of Degrees Conferred in Missouri by Level, FY 2005 • Certificate Degrees 2,098 • Associate Degrees 10,099 • Bachelors Degrees 32,519 • Masters Degrees 16,449 • Doctorate Degrees 884 • Professional Degrees 1,468 • Other Degrees* 507 TOTAL 64,024 12 *includes post baccalaureate and post master’s degrees

  13. 13 *Includes the scholarship programs administered by the DHE: Bright Flight, Missouri College Guarantee, Charles Gallagher, Marguerite Ross Barnett, Public Service Officer or Survivor, Vietnam Veteran’s Survivor, Advantage Missouri (FY01-FY06)

  14. Components of Tuition Policies • Alignment of tuition with inflation factors, contingent on level of state investment • Predictability of tuition increases • Maximum tuition limit based on formula • Seeking increased external funding 14

  15. Administrative reviews & streamlining--mailing, purchasing, payroll, leave entry, grade reporting Utilization of energy management systems Restructure/reduction of departments, divisions, programs & staff Elimination of vacant positions Implementation of billing audits Increase use of adjunct faculty & temporary staff Deferral of facility maintenance Implementation of performance contracts Reduction in athletic teams Increase collaboration with other higher education institutions Initiate textbook rental programs Reduction/elimination of paper communications Cost Containment Examples at Missouri’s Public Colleges & Universities 15

  16. Ms. Kathy Swan, ChairCoordinating Board for Higher Education Department of Higher Education 3515 Amazonas Drive Jefferson City, MO 65109 573.751.2361 www.dhe.mo.gov

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