Higher education civic academy changing the conversation
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Higher Education Civic Academy CHANGING THE CONVERSATION . . . Statewide Issues Conference Saturday, February 15, 2014. A broad-based public conversation about the community’s priority for higher education as . . . an investment of public funds for a nationally competitive Louisiana,

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Higher education civic academy changing the conversation

Higher Education Civic AcademyCHANGING THE CONVERSATION . . .

  • Statewide Issues Conference

  • Saturday, February 15, 2014


Higher education civic academy changing the conversation

  • A broad-based public conversation about the community’s priority for higher education as . . .

    • an investment of public funds for a nationally competitive Louisiana,

    • a gateway to the middle class, and

    • the key to a diverse, robust and shared prosperity

FOCUS


Higher education civic academy changing the conversation

Northern and Central Louisiana Interfaith and member institutions

Grambling State University Faculty Senate

Louisiana Delta Community Council Faculty Council

Louisiana Tech University Senate

University of Louisiana at Monroe Faculty and Staff Senates

SUMMIT COALITION


Higher education stories

HigherEducation STORIES


Historical trends in educational attainment

Pre-World War II, a college degree was an elitist degree, available to mostly upper-class

G.I. Bill spurred the number of lower-to-middle class people earning a college degree

Post-World War II most prosperous in history, due in part to the earning power of people with college degrees

Historical trends in educational attainment

Source: Harvard University study “PATHWAYS TO PROSPERITY: Meeting the challenge of preparing young Americans for the 21st century”

Source: Harvard University study “PATHWAYS TO PROSPERITY: Meeting the challenge of preparing young Americans for the 21st century” Feb. 2011”


Historical trends in educational attainment1

1973: 28% of U.S. workforce had a post-high school education

2007: 59% of U.S. workforce had post-high school education

Lifetime earnings for those with a college degree is $1 Million HIGHER than those with a high school education.

Historical trends in educational attainment

Source: Harvard University study “PATHWAYS TO PROSPERITY: Meeting the challenge of preparing young Americans for the 21st century”

Source: Harvard University study “PATHWAYS TO PROSPERITY: Meeting the challenge of preparing young Americans for the 21st century” Feb. 2011”


Historical trends in educational attainment2

Projected by 2018-2020: two-thirds of jobs will require a post-high school degree

85% of bachelor degree holders VOTED in the 2000 presidential election.

Conclusion? Higher education provides a catalyst to a prosperous economy, and civic participation for people to truly attain the American Dream.

Historical trends in educational attainment

Source: Harvard University study “PATHWAYS TO PROSPERITY: Meeting the challenge of preparing young Americans for the 21st century” Feb. 2011”


Higher education civic academy changing the conversation

Higher Education is a public investment in the people of Louisiana, not a fixed cost of government.

Affordable access for ALL families to the opportunity to send their children to college.

Public Funding must balance equity and performance measures to optimize the leveraging of public resources in K-12 education.

CORE VALUES OF SHARED PROSPERITY


Higher education provides social and economic value

Lack of education cost governments money:

  • Higher Incarceration rates: 87% of prisoners have a high school diploma or less

  • Increased Health costs: 93% of people with a high school diploma or less participate in a publically funded health program, i.e., Medicaid

  • Disproportional Mortality rates: 3.5X higher for high school dropouts than those with some college education

Higher Education Providessocial AND economic value


Investment in higher education is an investment in louisiana

  • The state gets $8 returned in the form of economic development for every $1 put into higher education

  • State cuts to higher education funding 2008-2013 resulted in $1 Billion in real dollars lost in Louisiana’s economy.

  • Result? Using the 8:1 multiplier, $8 Billion in economic activity was lost in Louisiana’s economy.

Investment in Higher Educationis an investment in Louisiana

Source: University of Louisiana System Economic Impact Study, 2008


Decline of louisiana tax revenue 2007 08 through 2011 2012

DECLINE OF Louisiana TAX REVENUE 2007-08 through 2011-2012

Source: FY 2008-12 La. State Budget


Higher education civic academy changing the conversation

STATE EXPENDITURES BY AREA: FY 2008-09

Source: FY 2008-09 Louisiana State Budget


Higher education civic academy changing the conversation

STATE EXPENDITURES BY AREA: FY 2011-12

Source: FY 2011-12 Louisiana State Budget


University job losses 2008 2014

UNIVERSITY Job LOSSES 2008 - 2014

Source: University of Louisiana System - Board of Regents Presentation


The take away

Overall Higher Ed revenues have declined:

  • due to economic conditions,

  • due to non-revenue neutral tax reductions,

  • due to unfunded mandates such as retirement, health insurance, etc.,

  • and no increases to offset changes in the cost of living.

    Higher Ed has a declining piece of the revenue pie in the face of declining overall state revenue- a double hit!!!

The Take AWAY:

Source: University of Louisiana System - Board of Regents Presentation


Formula for sustained growth

Long-term investment in Higher Ed

+ Jobs------------------------------------------------------------------------------------------= Sustainable growth in Louisiana's Economy

Formula for sustained growth


Jobs jobs jobs a projection through 2020

Jobs, JOBs, Jobsa Projection through 2020

Source: Louisiana Department of Labor


Formula for sustained growth1

Workforce and Innovation for a Stronger Economy (W.I.S.E) Plan is a good start to provide stabilization of higher education funding

Investment in Louisiana’s intellectual capital and human capital

Access for ALL families to have the chance to send their children to college

Formula for sustained growth


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