Using Funding Policy to Achieve State Goals

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 Alignment Consistency

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

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

Available State and Local Govt. Funds Higher Education The Flow of Funds Student Aid Appropriations/Grants Tuition Students Institutions Scholarships &Waivers Student Aid FederalGovernment

Finance Policy – The Options InstitutionFocused StudentFocused Core Capacity Capacity Utilization/Public Agenda

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

Using Funding Policy to Achieve State Goals

Using Funding Policy to Achieve State Goals

Presentation Transcript

USING A POLICY AUDIT TO ALIGN COMMUNITY COLLEGE FINANCE WITH STATE POLICY GOALS

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Strategies to achieve goals

How to Achieve your Goals

Facilitating Partnerships to Achieve Common Goals

10 QUALITIES TO ACHIEVE GOALS

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