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OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION

OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION. Interim Study November 10, 2010. In The Global Economy of the 21 st Century, 90 Percent of the Fastest-Growing Jobs Will Require a Higher Education. 3. 4.

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OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION

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  1. OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION Interim Study November 10, 2010

  2. In The Global Economy of the 21st Century, 90 Percent of the Fastest-Growing Jobs Will Require a Higher Education. 3

  3. 4

  4. Nationally, more than one-quarter (27.2 percent) of adults 25 and older have a bachelor’s degree or more, compared to Oklahoma at 22.2 percent. 5

  5. State Per Capita Personal Income v. Share of Adult Population with Bachelor's Degree or Higher No state with a low proportion of Bachelor’s degrees has a highper capita income. States with high proportion of bachelors degrees States with low proportion of bachelors degrees Outlier state that has high income and low degree attainment No state with a high proportion of Bachelor’s degrees has a lowper capita income. 6

  6. The Impact of Education on Individuals:Lifetime Earnings Education Level Estimated Lifetime Earnings Difference Compared to High School Graduate Less than 9th grade $976,350 -$478,903 High school dropout 1,150,698 -304,555 High school graduate 1,455,253 0 Some college, no degree 1,725,822 270,569 Associate degree 1,801,373 346,120 Bachelor's degree $2,567,174 $1,111,921 Master's degree 2,963,076 1,507,823 Doctorate 3,982,577 2,527,324 Professional degree 5,254,193 3,798,940 U.S. Department of Commerce-Economics and Statistics Administration-U.S. CENSUS BUREAU 7

  7. $ COST SAVINGS • All Oklahoma institutions of higher education have decreased their need for additional funds for mandatory operating obligations by cost savings efforts. • A total cost savings of $112.3 million from 2009-12. • Energy Conservation • Energy Conversion • Changes in Salaries and Benefits • Changes and Elimination of Positions • Reduction in Supplies and IT Expenditures 8 8

  8. $ $32.5 m $23 m $22.5 m $22.1 m $8.4 m $3.8 m COST SAVINGS $35 m $112.3 Million Cumulative SavingsOver 4 years $30 m $25 m $20 m $15 m $10 m $5 m $0 m 9 Travel, Periodicals and Other Supplies Salary and Benefits Utilities IT Equipment Faculty and Staff Positions 9

  9. Oklahoma’s 25 College and Universities have an active and productive grantsmanship program which contributes to the institutions funding outside the appropriations process. • In 2010, our institutions reported the receipt of $506.6 million in competitive grants for program development and research. 10

  10. System EfficienciesTotal System Administrative Costs FY92-FY09 $ 14% 11.9% 12% 11.1% 10% 9.3% 8.3% 8.2% 8.2% 8.1% 8.1% 7.9% 8% 7.8% 7.8% 7.8% System Admin Costs as a Percent of Total Budget 6% 4% 2% 0% FY08 FY10 FY06 FY09 FY11 FY92 FY94 FY96 FY98 FY00 FY02 FY04 11 11

  11. Book Banks • Many of our institution have recognized a financial need by their students for help with text books. • Over the past several years, our institutions have initiated a variety of methods to address these needs. • TCC Textbook Trust, which will pay up to $400 a semester for Tulsa Achieves students who do not have another scholarship or grant that pays for their books. The money will be distributed first-come, first-served to as many students as possible. • The University of Oklahoma, Southeastern Oklahoma State University, the University of Central Oklahoma and Cameron University have developed a books on reserve program which allows student to reserve textbooks at the institutions libraries. 12

  12. Joint Academic Programs • Reach Higher - Consortial bachelor's degree completion program via partnership of nine regional universities.  Just added associate degree options that involve consortia of community colleges/technical branches. • UCO operates a center on Rose State campus that offers 2+2 joint degree arrangements for students.  Upper division portion of degrees offered by UCO on the RSU campus. • SEOSU and EOSC partner in McCurtain County to offer courses and degrees in consortial arrangement. • ECU delivers the Bachelor of Science in Nursing major through ITV to Southeastern Oklahoma State University. • Statewide cooperative agreements between community colleges and Career Tech centers offer inverted 2+2 arrangements for earning college credits toward the AAS degree and having completion options available on the Career Tech site. • OSU and NOC partner with the NOC-Stillwater "Gateway" program.  Partner together to create resources and access points for students to complete developmental, general education, and transfer into upper division majors. 13

  13. 75.3% 69.3% 49.5% 44.8% 44.7% 41% Percentage of the higher education budget paid with state appropriations: Source: OSRHE, Educational and General Budgets Summary & Analysis, June 2010 100% 75% 50% 25% 1988 1990 2010 2008 2009 2011 14

  14. Why? The two primary reasons are: • Health Care Cost Increases • Corrections 15

  15. 20.6% 23.7% 15.8% 15.5% 14.5% 9.0% 6.4% 5.3% 4.8% 4.6% 4.1% 0.9% 0.5% 0.3% Iowa Ohio Texas Florida Hawaii Arizona Oregon Kansas Georgia Missouri Colorado Maryland Nebraska Arkansas National Average Affordability Research Institutions Percentage Change in Resident Undergraduate Tuition and Required Fees 2008-09 to 2009-10 30% 25% 20% 15% 10% 5% 0.4% 0.0% 0.0% 0% Oklahoma Mississippi 16

  16. 28.7% 26.2% 21.3% 14.2% 13.9% 13.1% 6.7% 6.6% 6. 5% 4.4% 4.1% 2.3% 1.6% 1.0% 0.0% 0.0% Ohio Iowa Texas Kansas Arizona Georgia Montana Missouri Colorado Nebraska Arkansas California Oklahoma Mississippi Washington National Average Affordability Regional Universities Percentage Change in Resident Undergraduate Tuition and Required Fees 2008-09 to 2009-10 30% 25% 20% 15% 10% 5% 0.0% 0% Florida 17

  17. 30.6% 30.3% 30% 23.2% 18.4% 8.8% 7.1% 6.2% 5.7% 5.3% 4.3% 2.0% 0.8% 0.6% 0.8% 0.3% Missouri Louisiana 0.0% 0.0% Iowa Texas -0.3% -0.4% Florida Kansas Arizona Georgia Alabama Nebraska New York California Colorado Oklahoma Wisconsin Mississippi Washington North Dakota National Average Affordability Community Colleges Percentage Change in Resident Undergraduate Tuition and Required Fees 2008-09 to 2009-10 30% 25% 20% 15% 10% 5% 0% 18

  18. FY11 Budgeted Income by Source 19

  19. FY11 Budgeted Expenses by Function 20

  20. 27.4% Degrees Conferred by Oklahoma Public Colleges and Universities 24,211 Source: 2010 Degrees Conferred Report/UDS Database 23,845 23,701 23,298 22,786 21,636 In 2008-09, State System institutions awarded a total of 24,211 associate and bachelor’s degrees – the most awarded in a single year in state history Number of Associate and Bachelor’s Degrees Conferred 20,458 19,488 18,998 This is 27.4 percent more degrees awarded than in 2000-2001. 21 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2000-01 2007-08 2008-09 21 7

  21. Enrollment 190,000 187,676 180,000 177,385 • Record Fall Enrollment • Overall Headcount Increased by 10,291 in Fall 2009 • First Time Freshman increased by 12.3 percent 170,000 160,000 150000 140,000 Source: 2009 Fall Preliminary Enrollment Report References Public Institutions 130,000 120,000 22 Fall 2008 Fall 2009

  22. Enrollment 190,000 180,000 178,053 170,000 • Record Spring Enrollment • Overall Headcount Increased by 11,269 in Spring 2010 • First Time Freshman increased by 31.7 percent 166,784 160,000 150000 140,000 Source: 2010 Spring Preliminary Enrollment Report References Public Institutions 130,000 120,000 23 Spring 2009 Spring 2010

  23. Fall 2010 Preliminary Enrollment Overall Enrollment Increase of 3.3% over Fall 2009 24

  24. OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION Interim Study November 10, 2010

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