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Higher education financing trends… national patterns and implications for Illinois. Jane V. Wellman Illinois Higher Education Finance Commission Chicago, IL August 27, 2010. Topics to be covered . Major take-aways from national research re: trends in revenues and spending

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higher education financing trends national patterns and implications for illinois
Higher education financing trends… national patterns and implications for Illinois

Jane V. Wellman

Illinois Higher Education Finance Commission

Chicago, IL

August 27, 2010

topics to be covered
Topics to be covered
  • Major take-aways from national research re: trends in revenues and spending
  • Pricing, spending and subsidy trends
  • What the data say about adequacy and equity
  • Recommendations about future focus for IL
national patterns where the money comes from
National patterns: Where the money comes from

Source: Delta Cost Project IPEDS database, 1987-2008, 11-year matched set. Note: In private institutions, investment returns include unrealized gains/losses.

slide4

National patterns: Where the money goes

Operating expenses per FTE by major category, 1998 – 2008, in 2008 $

spending within e r 1998 2008 in 2008
Spending within E&R, 1998-2008 (in 2008 $)

National patterns: Where the money goes within E&R

slide6

Public Research Institutions: Average Subsidy/Student share of E&R Spending per student by State, 2008

Illinois

public masters institutions average subsidy student share of e r spending per student by state 2008
Public Masters’ Institutions: Average Subsidy/Student share of E&R Spending per student by State, 2008

Illinois

public community colleges average subsidy student share of e r spending per student by state 2008
Public Community Colleges: Average Subsidy/Student share of E&R Spending per student by State, 2008

Illinois

slide12

Public sector changes in E&R spending

per student, and in student share of costs, 2003-2008

degrees certificates awarded per fte vs total funding per fte 2006 2007
Degrees & Certificates awarded per FTE vs. Total Funding per FTE (2006-2007)

Source: SHEEO State Higher Education Finance Survey 2008: NCES IPEDS Completions Survey

recommendations for future illinois policy focus
Recommendations for future Illinois policy focus
  • Anchor financing strategy on using resources to meet goals
    • Adequacy focus will always put pressure on increasing revenues in research sector
    • Equity considerations and student share of costs appropriate factors to include
  • Build expectations for strategic cost management and productivity into fund management
    • Look for evidence of sustained investments in core functions
  • Develop – and use – metrics for monitoring spending including cost-management that address subsidies, prices as a share of costs, and how resources are used
  • Pay attention to state as well as institutional role in finding long-term solutions
  • Include attention to private providers