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Higher education financing trends… national patterns and implications for Illinois

Higher education financing trends… national patterns and implications for Illinois. Jane V. Wellman Illinois Higher Education Finance Commission Chicago, IL August 27, 2010. Topics to be covered . Major take-aways from national research re: trends in revenues and spending

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Higher education financing trends… national patterns and implications for Illinois

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  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

  3. National patterns: Where the money comes from Source: Delta Cost Project IPEDS database, 1987-2008, 11-year matched set. Note: In private institutions, investment returns include unrealized gains/losses.

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

  5. Spending within E&R, 1998-2008 (in 2008 $) National patterns: Where the money goes within E&R

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

  7. Illinois/National Comparisons - Public Research Sector - AY 2008

  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

  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

  12. Public sector changes in E&R spending per student, and in student share of costs, 2003-2008

  13. Degrees & Certificates awarded per FTE vs. Total Funding per FTE (2006-2007) Source: SHEEO State Higher Education Finance Survey 2008: NCES IPEDS Completions Survey

  14. 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

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