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Higher Education Finance Gary Benson ERDC ARRA SLDS Grant Conference. Utilizing Metrics Developed by the Delta Cost Project. The Delta Project on Postsecondary Education Costs, Productivity, and Accountability: Independent, nonprofit organization
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Higher Education Finance Gary Benson ERDC ARRA SLDS Grant Conference
Utilizing Metrics Developed by the Delta Cost Project • The Delta Project on Postsecondary Education Costs, Productivity, and Accountability: • Independent, nonprofit organization • Concerned with productivity and accountability in postsecondary education • Had three basic questions regarding the financing of higher education: • Where does the money come from? • Where does the money go? • What does the money buy?
The Delta Cost Project • Developed metrics • Revenue • Expenditures • Productivity • Developed database • Used IPEDS data • Produced reports • Developed on-line reports by institution • Database now maintained by National Center for Education Statistics (U.S. Department of Education) • Reports now prepared by American Institute for Research (AIR)
Washington Higher Education Financials • Uses the definitions and metrics developed by the Delta Cost Project • Pulled data directly from IPEDS to the P20DW • Looks at only Washington institutions from 2002 to 2012 • Where are the students taught? • Where does the money come from? • Where does the money go? • How much are students subsidized? • What does the money buy? • Degrees and completions • Productivity
Washington Higher Education Financials • Five sectors: • Private (for-profit and nonprofit) career schools • Private (nonprofit and for-profit) baccalaureate institutions • Public community and technical colleges • Public comprehensive institutions • Public research universities • All dollar values have been adjusted to 2012 dollars using the IPD-PCE • All dollar values are on a per FTE student basis
instructional activity mostly (81%) takes place at public institutions
instructional activity is mostly (90%) at the undergraduate level
The predominant amount of growth in the last 10 years has occurred at community and technical colleges
Tuition is the primary (89%) source of revenue at private career schools
Tuition is the primary (74%) source of revenue at Private Baccalaureate Institutions
Tuition, state appropriations, and governmental contracts are major sources of revenue at community and technical colleges
State appropriations per student are declining while tuition revenue is increasing at the community and technical colleges
Tuition is a growing revenue source at the comprehensive institutions
State appropriations per student are declining while tuition is increasing at the comprehensive institutions
Tuition, governmental contracts, and auxiliary enterprises are the primary revenue sources at the research universities
Major changes in state appropriations and tuition have occurred at the research universities
Spending at the private career schools is mostly (90%) on education-related activities
Spending at the private baccalaureate institutions is primarily (84%) on education-related activities
Spending at the community and technical colleges is mostly (76%) on education-related activities
Spending at the comprehensive institutions is oriented (66%) towards education-related activities
Spending at the research universities is mixed between education along with research and auxiliary enterprises
The “student subsidy” is the difference between education-related spending and tuition revenue
At the private career schools there have been years when students pay more than is spent on education
The private baccalaureate institutions provide a subsidy to students
The subsidy at the community & technical colleges is declining
The subsidy at the comprehensive institutions has been cut in half in the last four years
Tuition is a growing source of revenue for education-related spending at the public institutions; but still less than at the private institutions
There were 73,500 degrees and 30,000 non-degree awards earned by students in 2012
Nearly half of the awards were earned at the community & technical colleges
The private career schools primarily awarded certificates requiring less than four academic years
The private baccalaureate institutions awarded mostly degrees
The community & technical colleges predominantly awarded associate’s degrees along with short-term certificates
The public comprehensive institutions award bachelor’s degrees along with master’s degrees
While all types of completions have shown growth over the last 10 years, short-term certificates have exploded
The number of completions (degrees and certificates) per 100 FTE students has increased significantly at the CTC’s
Degrees earned per 100 FTE students has increased in all the four-year sectors
Spending per completion is relatively low at the career schools and fallen dramatically at the CTC’s
Spending per degree has fallen at the comprehensive institutions and increased in the other sectors
Contact the ERDC ERDC Website www.erdc.wa.gov ERDC Location General Administration Building 210 11th Ave SW, Room 318 Olympia, WA 98504-3113 ERDC Mailing Address P.O. Box 43113Olympia, WA 98504-3113 ERDC Phone/Fax Phone: (360) 902-0599Fax: (360) 725-5174