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Quick Facts: Finance - - (Postsecondary) MS Word PDF - ...

State Higher Education Finance: FY 2011 - The State Higher Education Finance report is produced annually by the State Higher Education Executive Officers (SHEEO) to help policymakers and educators address broad public policy questions with respect to public financing of higher education. This report examines: the levels of state funding to colleges and universities necessary to maintain the economic and social well-being of the American people; appropriate tuition levels; the amount of student financial assistance necessary, and; how colleges and universities might use available resources to increase productivity without impairing the quality of services to students. (SHEEO, March, 2012) ...

The State Fiscal Stabilization Fund and Higher Education Spending in the States - An examination of available state budget information can help address whether the stabilization fund was successful in supporting state higher education spending or if it enabled states to make larger cuts to their higher education spending than they otherwise would have. This paper is the first in a four-part series examining the stabilization fund's effect on state spending for higher education. (New America Foundation, December 2010)...

Trends in College Pricing -- 2009 - Published tuition and fees at public four-year colleges and universities rose at an average annual rate of 4.9% per year beyond general inflation from 1999-2000 to 2009-10, more rapidly than in either of the previous two decades. The rate of growth of published prices at both private not-for-profit four-year and public two-year institutions was lower from 1999-2000 to 2009-10 than in either of the previous two decades. (The College Board, October 2010)...

Investing in Change: How Much Do Achieving the Dream Colleges Spend--and from What Resources--to Become Data-Driven Institutions? - This report analyzes the experiences of five community colleges and the investments they made in implementing an institution-wide improvement process aimed at increasing student success. The colleges in this study are located in the southeastern and southwestern United States. The report examines how, where, and with what resources these colleges supported their reforms, as well as the key activities driving their overall expenditures. (Elizabeth Zachry and Erin Coghlan, MDRC, June 2010)...

Postsecondary Institutions and Price of Attendance in the United States: Fall 2009, Degrees and Other Awards Conferred: 2007-08 and 12-Month Enrollment: 2007-08 First Look - This First Look report is based on the collection of data from more than 6,700 postsecondary education institutions that participate in Title IV federal student financial aid programs. (Laura Knapp, Janice Kelly-Reid and Scott Ginder, National Center for Education Statistics, October 2009)...

State Higher Education Finance FY 2009 - This State Higher Education Finance (SHEF) report provides a review of state and local support, tuition revenue, and enrollment trends for the most recent fiscal year. All the leading indicators, however, indicate that fiscal year 2008 is the last year of a short recovery. As a result, it is important to consider the upward trends in this report within the current economic context in the United States. The current recession will most certainly impact state financing of higher education in the year ahead. (State Higher Education Executive Officers, August 2009)...

39th Annual Survey Report on State-Sponsored Student Financial Aid: 2007-2008 Academic Year - Report provides data regarding state-funded expenditures for student financial aid and illustrates the importance of efforts made by the states to assist postsecondary students. (National Association of State Student Grant and Aid Programs, 2009)...

Squeeze Play 2009--The Public's Views on College Costs Today: Public Agenda and the National Center for Public Policy and Higher Education - This series of studies from Public Agenda and the National Center have monitored two different trends in the public perception of college education: 1) The necessity of higher education; and 2) the availability of higher education. Today, two thirds of Americans (67%) now saying that access to higher education is a problem. (National Center for Public Policy and Higher Education, March 2009) ...

Policy Advisory to State Fiscal Policymakers: Postsecondary Education Spending Priorities for the American Recovery and Reinvestment Act of 2009 - This advisory defines the intent of the American Recovery and Reinvestment Act of 2009 as it relates to higher education funding. Recommendations are made for higher education fiscal policymaker's allocation funds from the Act. (NCHEMS, February 2009)...

Trends in College Spending: Where Does the Money Come From? Where Does it Go? - This report highlights a number of key issues related to recent trends in how colleges spend their money. Lack of “good” data and a myopic focus on revenues have distracted attention from this important topic. This report attempts to increase general understanding, awareness and interest in the topic of college spending patterns by showing the connections between enrollments, revenue, spending and results. (Delta Cost Project, Jane Wellman, Donna Desrochers and Colleen Lenihan, January 2009)...

The Global State of Higher Education and Rise of Private Finance - In the past two decades, financing higher education has undergone a remarkable transformation. This issue brief examines the role of private financing for higher education globally and an analysis of drivers behind the changes that have occurred. The brief concludes with future research topics that will allow key stakeholders to take advantage of private capital in their quest to improve and expand higher education around the world. (Ryan Hahn, Institute for Higher Education Policy, August 2007)...

Recession, Retrenchment, and Recovery: State Higher Education Funding & Student Financial Aid - As the nation emerges from the first recession of the 21st century, states need to assess the consequences, take stock of their challenges and resources and do what they can to prepare for the inevitable next fiscal crisis. The goal of this report is to identify and disseminate successful state-level strategies and policy tools to protect students’ access to postsecondary education through recession, retrenchment and recovery, and to identify strategies to help bridge these cycles. Of particular concern was the effect of recessions on access to college for students, particularly low-income students. (College of Education, Illinois State University, October 2006) ...

Grants for Students: What They Do, Why They Work - Student aid policy around the developed world depends to varying degrees on the idea that the cost of post-secondary education needs to be subsidized. This report finds that despite the fact that governments around the world are spending hundreds of billions of dollars to support and widen participation in higher education, policymakers pay surprisingly little attention to what the research on these subsidies actually says. This paper summarizes the literature with respect to grants and their impact on access to education and finds that the evidence is neither simple nor straightforward. The paper identifies some critical issues in the data that have not received adequate attention and pose some serious questions of well-known economic theories. The paper’s concluding sections apply the lessons that can be drawn from the literature to existing policy regimes in OECD countries. (Alex Usher, Educational Policy Institute, August 2006) ...

A New Look at the Institutional Component of Higher Education Finance: A Guide for Evaluating Performance Relative to Financial Resources - More money does not always translate into higher quality, according to this report from the National Center for Higher Education Management Systems (NCHEMS). Researchers compared higher education budgets with performance in the states and found that higher education can succeed when state funding drops off. Postsecondary education in Colorado, for example, remained productive and successful, despite lower levels of funding than other states. The report also features charts and data-points which should be of interest to policymakers. Also available online is an executive summary. (Patrick J. Kelly and Dennis P. Jones, NCHEMS, 2005)...

Bridging Troubled Waters: Competition, Cooperation and the Public Good in Independent and Higher Education - Budget cuts, tuition hikes and the distribution of financial aid are changing the nature of higher education in the states. In some cases, public institutions have started to act like private ones by raising private funds or contracting with state governments to provide selected services. How can higher education continue to serve the public good in a market-driven policy environment? This policy brief attempts to answer that question by examining recent postsecondary trends, including the privatization of public higher education and the growing competition between institutions of higher learning. (American Council on Education, 2005)...

Financing Higher Education - Throughout the world, financing of higher education is immensely sensitive politically, although there has been widespread acceptance of two core objectives, both for their own sake and for reasons of national economic performance: (1) strengthening quality and diversity; and (2) improving access. According to the author, economic theory argues for a three-part strategy to better meet the needs of society and student: (1) deferred variable fees; (2) income-contingent loans; and (3) active measures to promote access. The author examines higher education finance reforms in Britain in 1998 and 2004, discussing lessons learned, possible applications to other nations and the state of higher education finance in several other nations. (Nicholas Barr, Finance & Development, June 2005)...

How Latino Students Pay for College PDF - Although the percentage of Latino students receiving financial aid for college is at an all-time high, Latinos receive the lowest average federal aid awards of any racial or ethnic group, receiving an average financial aid award of $6,250, compared to the national average of $6,890 in 2003-04. This brief argues that Latinos rely heavily on federal aid – and on grants in particular – because they are more likely to be first-generation college students and to have relatively low family incomes. The brief offers a profile of Latino undergraduates along with an overview of Latino undergraduates participating in financial aid, and has sections on: (1) grants; (2) loans; (3) federal financial aid; (4) state financial aid; and (5) institutional aid. Policy recommendations at the federal, state/local, institutional and K-12 community levels are listed, starting on page 23. (Excelencia in Education and the Institute for Higher Education Policy, August 2005)...

Expanding College Access: The Impact of State Finance Strategies - This report examines the impact of state finance strategies on high school graduation rates and college access, particularly in the areas of tuition, need-based grants and non-need grants. The report considers two main factors – academic preparation and financial access – for assessing the impact of state finance strategies. The report provides a review of prior access studies, describes a new conceptual model for assessing the impact of state finance strategies, gives analysis of the impact of state finance strategies, offers simulations of alternative state and federal finance strategies and provides recommendations regarding finance strategies. (Edward P. St. John, Choong-Geun Chung, Glenda D. Musoba, Ada B. Simmons, Ontario S. Wooden and Jesse P. Mendez, Indiana Education Policy Center at Indiana University, February 2004) ...

Coping with Recession: Public Policy, Economic Downturns and Higher Education - As state funding for higher education shrinks, college enrollments continue to grow. How can postsecondary education cope with the most ethnically and economically diverse student body ever during a time of fiscal crisis? As American education enters the 21st century, the challenges – and opportunities – facing higher education have never been greater. (Patrick M. Callan, The National Center on Public Policy and Higher Education, February 2002)....

Network News: Focus on Finance Policy, Access and Affordability - This newsletter edition examines issues related to finance policy, access and affordability. The opening commentary sets the stage and instructs why finance policy is important. The newsletter also includes a summary of national studies on the cost of postsecondary education and the impact of student financing on access, and an analysis of changes in accounting standards and reporting mechanisms over time and their impact on state budgetary analysis. (State Higher Education Executive Officers, April 2002)...

State Spending for Higher Education in the Coming Decade - The most recent fiscal crisis in the states has forced policymakers to make tough decisions regarding spending for postsecondary education – a situation that is unlikely to change. This report from Don Boyd of the Nelson A. Rockefeller Institute of Government suggests that even if state governments close their current budget gaps, they will still be unable to fund higher education in the future to maintain current service levels. (Don Boyd, National Center for Higher Education Management Systems, 2002) ...

The Affordability of Higher Education: A Review of Recent Survey Research - A review of survey research conducted by Public Agenda for The National Center for Public Policy and Higher Education, to supplement the Losing Ground report finds that Americans are opposed to approaches that reduce access to college either by raising tuition or admitting fewer students. They are more sympathetic to approaches that emphasize greater contributions from the state or savings by colleges themselves. The report also notes that the public has not thought through the complexities of higher education financing. (John Immerwahr, Public Agenda, May 2002)...

Financing Higher Education in the New Century: The Third Annual Report from the States - This is the third edition of an annual report produced by the State Higher Education Executive Officers (SHEEO) in cooperation with MGT of America. The report summarizes major financing trends in higher education in the 50 states, drawing upon several national data sources, including the Grapevine project at Illinois State University, the American Association of State Budget Officers and The College Board. It also presents original data gathered from state higher education finance officers on recent legislative actions and plans. (Mary McKeown-Moak, SHEEO, June 2001)...

State Spending for Higher Education: Prospects for Funding Higher Education - This 1999 report accurately predicts the challenges states will face in the first decade of the 21st century. According to author Harold Hovey, many states will find it impossible to maintain current public services within existing tax structures, and continuing support for other services will place enormous pressure on higher education budgets. Indeed, he foretold that colleges and universities – ignoring past trends – will be unprepared for the economic downturn. If higher education does disproportionately well in times of prosperity, it suffers disproportionately in times of economic recession. (Harold A. Hovey. The National Center on Public Policy and Higher Education, July 1999)...


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