Funding Higher Education: 2010 and Beyond 2010 INDIANA STUDENT LEADERS SUMMIT February 5, 2010
$5,090,667,914 (total expenditures all public postsecondary institutions 2008-09 academic year)
Indiana’s Public Higher Education System • 5 four-year Public Postsecondary Institutions • 2 two-year Public Institutions • 31 Public Campuses and 12 Instructional Sites • 407,000 Students in 2008-09 • 1,500 buildings worth $12B • $2.3B in salary and compensation • IHEs have their own: • Police, power plants, roads, utility infrastructure, hospitals, restaurants, entertainment industry, lodging, etc…
Examples of Expenditure Mix Purdue University ITCCI
Sources of Revenue • State Appropriations • Tuition & fees • Tuition vs fees • Resident & Non-resident • Grants & contracts • Federal government (research) • Private industry • Philanthropy • Investment Income • Other services • auxiliaries
Examples of Revenue Mix Purdue University ITCCI
State Appropriations to Public IHEs Compound Annual Growth Rate: 4.7%
State General Fund and PTRC Revenue Growth FY98 – FY09 Indiana’s Fiscal Position Source: State Budget Agency.
Compare State Revenue Growth with Higher Education Appropriations FY00 – FY10 Indiana’s Fiscal Position State revenue forecast for FY 10 and FY 11 will be available December 2008
Higher Education Appropriations per FTE by State, 2007 National Context Source: SHEEO SHEF, State Higher Education Finance FY2007.
Higher Education Tuition, State and Local Revenue per FTE National Context