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PRESENTATION TO THE

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Source-The College Board ... Source- The College Board. Food Stamps. Earning and Taxes Paid by Education level ... Source-College Board ... – PowerPoint PPT presentation

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Title: PRESENTATION TO THE


1
PRESENTATION TO THE ILLINOIS BOARD OF HIGHER
EDUCATION APRIL 1, 2008
2
The High Cost of Efficiency
  • Or
  • Appropriate Investment in the States
    Intellectual Infrastructure

3
Many claim thatHigher Education should be
  • ECONOMICALLY
  • EFFICIENT

4
ITS THE ECONOMY
It is universally acknowledged that a community
without quality educational institutions is a
model for economic and social decay.
5
Utopia
  • The simulation game Utopia anticipates that
    without a competent education system the
    technical infrastructure of a community
  • subways, sewer systems, telephones, etc.
  • will fail on a daily basis.

6
Percentage of Individuals Ages 25 and Older
Living in Households in Poverty, by Education
Level, 2005
Source-The College Board
7
Percentage of Individuals Ages 25 and Older
Living in Households That Participated in Public
Assistance Programs, by Education Level, 2005

Source- The College Board
Medicaid
8
Percentage of Individuals Ages 25 and Older
Living in Households That Participated in Public
Assistance Programs, by Education Level, 2005

Source- The College Board
School Lunch
9
Percentage of Individuals Ages 25 and Older
Living in Households That Participated in Public
Assistance Programs, by Education Level, 2005

Source- The College Board
Food Stamps
10
Earning and Taxes Paid by Education level
11
(No Transcript)
12
Per Capita Social Benefitsof Higher Education
  • Democratization 1,662
  • Human Rights 3,059
  • Political Stability 6,429
  • Life Expectancy (Net) 1,082
  • Lower Crime Rates 5,347
  • Lower Health Costs 6,813
  • Other 510
  • Total Annual Value 24,902

13
Percentage of U.S. Citizens Ages 25 and Older
Who Voted, by Age and Education Level, 2004
Source-College Board
14
  • Higher Education is less and less affordable
    because students are being asked to pay not only
    for the cost of instruction but also for
  • New buildings
  • Building maintenance
  • Increased support costs

15
Student Debt
Public Universities-State appropriations vs.
Tuition and Fees FY 01-08
16
Student Debt
Community Colleges-State appropriations vs.
Tuition and Fees FY 01-08
17
Weighted Average Tuition Fees-Public
Universities-
18
Weighted Average Tuition Fees-Independents-
19
Weighted Average Tuition Fees-Community
Colleges-
20
Intellectual Infrastructure
21
World Education Percentage change in Higher
education enrollment, 1990 to 2004
Source National Center for Education
Statistics, U.S. Department of Education
22
Enrollments by Family Income
Percent Change in Enrolled Dependent Freshman Aid
Applicants from FY2002 to FY2007 Source ISU
23
McMahon
  • State investment is not only appropriate but
    necessary
  • State investment in higher education returns at
    rates far in excess of 10 (Long term return is
    35)

24
Recommendations
25
Georgias Hope Scholarship
  • All tuition and fees for the states top students
  • Powerful financial incentive to keep students in
    state

26
South Carolina Teacher Loan Program
  • Low-paying socially valuable professions
  • Teach in an area of critical need loan is
    cancelled

27
NEW YORK STATE PLAN
  • Higher education endowment
  • Need-based scholarships
  • Financial resources grow as tuitions grow

28
ILLINOIS cannot afford chronic underinvestment in
higher education.
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