Higher Education Civic Academy CHANGING THE CONVERSATION . . .

1. Higher Education Civic AcademyCHANGING THE CONVERSATION . . . • Statewide Issues Conference • Saturday, February 15, 2014

2. 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

3. 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

4. HigherEducation STORIES

5. 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”

6. 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”

7. 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”

8. 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

9. 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

10. 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

11. DECLINE OF Louisiana TAX REVENUE 2007-08 through 2011-2012 Source: FY 2008-12 La. State Budget

12. STATE EXPENDITURES BY AREA: FY 2008-09 Source: FY 2008-09 Louisiana State Budget

13. STATE EXPENDITURES BY AREA: FY 2011-12 Source: FY 2011-12 Louisiana State Budget

14. UNIVERSITY Job LOSSES 2008 - 2014 Source: University of Louisiana System - Board of Regents Presentation

15. 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

16. Long-term investment in Higher Ed + Jobs------------------------------------------------------------------------------------------= Sustainable growth in Louisiana's Economy Formula for sustained growth

17. Jobs, JOBs, Jobsa Projection through 2020 Source: Louisiana Department of Labor

18. 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