Commissioner's Presentation to Utah Student Association

Utah Higher Education February 18, 2010 Bill Sederburg, Commissioner of Higher Education Joseph Watkins not Tiger Woods

Agenda Introduction to USHE The Economic Argument Current Status

Introduction 18 Regents University Network Utah Higher Education Assistance Authority Utah Educational Savings Plan Commissioner Senate Confirms

Network Coordinated by Regents & Commissioner’s Office

Lowest default rate in the nation
96,000 loans granted July-Dec. 2009
One of nation’s best 529 plans
Over $3 billion in assets
College prep message to 8 th grade
Involves volunteers from business

It’s generally understood…
Personal AND statewide economic success directly correlate to educational attainment

Educational Attainment and Income AK AR DE GA HI IL IN IA KS LA ME MD MA MT NE NV NJ NY NC ND OH OK OR PA RI SC SD VT VA WA AL CA CO CT FL ID KY MI MN MS MO NH NM TN TX UT WV WI WY $15,000 $22,000 $29,000 $36,000 $43,000 $50,000 10 15 20 25 30 35 40 45 AZ Personal Income Per Capita Percent of Adults Age 25-64 with Bachelor’s Degrees 1980 Correlation = 0.64 Source: U.S. Census Bureau, Decennial Census’ and American Community Survey US

Educational Attainment and Income $15,000 $22,000 $29,000 $36,000 $43,000 $50,000 10 15 20 25 30 35 40 45 Personal Income Per Capita Percent of Adults Age 25-64 with Bachelor’s Degrees 1990 Correlation = 0.76 AK AR DE GA HI IL IN IA KS LA ME MD MA MT NE NV NJ NY NC ND OH OK OR PA RI SC SD VT VA WA US AL CA CO CT FL ID KY MI MN MS MO NH NM TN TX UT WV WI WY AZ Source: U.S. Census Bureau, Decennial Census’ and American Community Survey

Educational Attainment and Income $15,000 $22,000 $29,000 $36,000 $43,000 $50,000 10 15 20 25 30 35 40 45 Personal Income Per Capita Percent of Adults Age 25-64 with Bachelor’s Degrees 2000 Correlation = 0.80 PA AK AR DE GA HI IL IN IA KS LA ME MD MA MT NE NV NJ NY NC ND OH OK OR RI SC SD VT VA WA US AL CA CO CT FL ID KY MI MN MS MO NH NM TN TX UT WV WI AZ WY Source: U.S. Census Bureau, Decennial Census’ and American Community Survey

Educational Attainment and Income $15,000 $22,000 $29,000 $36,000 $43,000 $50,000 10 15 20 25 30 35 40 45 Personal Income Per Capita Percent of Adults Age 25-64 with Bachelor’s Degrees 2005 Correlation = 0.83 WI TX NM NC AK AZ AR DE GA HI IL IN IA KS LA ME MD MA MT NE NV NJ NY ND OH OK OR PA RI SC SD VT VA WA US AL CA CO CT FL ID KY MI MN MS MO NH TN UT WV WY Source: U.S. Census Bureau, Decennial Census’ and American Community Survey

Findings
Increasing relationship (.6 to .83)
Spreading out among the states
Little change in data for Utah

Economic Impact
Educate workers of the future for “careers”
Liberal arts education + career pathways
All USHE institutions
The “X Factor”

X Factor in Economic Development
The building the “talent force” not just workforce
Ability to communicate
Ability to analyze situations
Ability to development “social intelligence”
In essence: A well rounded person with a liberal education!

State Budget Challenges Positioning Utah for the Future “ Do more with less?”

Fiscal year 2010 budget gaps

Simple Explanation: Economic Situation FY 2010 FY 2011 FY 2012 FY 09 -17% Base 8% ARRA 1 Time -3%Leg. action Final Cut of 12% 98% Base 5% Cut Leg. Leadership Govs. Budget $93 M Starting Point FY 11 Depth depends on economy

High stakes debate!
$93,000,000
University of Utah: $31 mil.
Utah State: $20 mil.
Weber State: $9 mil.
Southern Utah: $4 mil.
Snow: $3 mil.
Dixie State: $3 mil.
Eastern Utah: $2 mil.
Utah Valley: $8 mil.
Salt Lake Community $8 mil.
Pass-through programs $5 mil. (scholarships, financial aid, students assistance, etc.)

What is impact of $93 million cut?

Absorbed enrollment increases
Fall 2008 +11,896 students
Fall 2009 +12,632 students
Total new students +24,528 students

Utah System of Higher Education Total Enrollment Spring 3 rd Week 2010 Total Headcount* Budget-related FTE** USHE Institution 2009 2010 Change % 2008 2009 Change % University of Utah 29,251 30,429 1,178 4.03% 22,328 23,413 1,085 4.86% Utah State University 21,866 23,229 1,363 6.23% 14,612 15,553 941 6.44% Weber State University 19,347 20,953 1,606 8.30% 11,115 12,265 1,150 10.35% Southern Utah University 7,395 7,448 53 0.72% 5,426 5,802 376 6.93% Snow College 3,541 3,851 310 8.75% 2,281 2,819 538 23.59% Dixie State College 6,052 7,693 1,641 27.12% 4,144 5,261 1,116 26.93% College of Eastern Utah 1,790 2,135 345 19.27% 1,223 1,488 265 21.67% Utah Valley University 23,214 26,322 3,108 13.39% 14,969 17,278 2,309 15.43% Salt Lake Community College 25,832 29,332 3,500 13.55% 13,832 16,043 2,211 15.98% USHE Total 138,288 151,392 13,104 9.48% 89,931 99,922 9,991 11.11%

State Funding for Higher Education (FY 2000 to FY 2010) 24% 53,000 new students State Tax Funds Increased 24% in 10 years

Reaching the Tipping Point
Cuts have consequences
Support Governor’s Proposal
Restores latest cut
Replaces this year’s $61 million with one-time

Impact on Students
Availability of classes
Delays in graduation
Full time faculty
Mentoring & Engagement
Advising
Setting a career path
Access
Tuition & Fees
Quality

Great things continue!
Absorbing 24,000 students
Keeping tuition low
USTAR
Regional initiatives
Easy transferability of credit
Collaborative efforts
General education
Lumina Tuning Project
Utah is efficient
Fewest dollars spent per 4-year degree of any state.
Estimated $1,300 less state money per student since 2008.

Conclusion
Institutions and their faculty are doing a great job responding to:
Budget Cuts
Enrollment Increases
Demand for services
Students need to be engaged in the debate
A sincere thank you!

Commissioner's Presentation to Utah Student Association

by HigherEdUtah on Feb 25, 2010

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Commissioner’s Presentation to Utah Student Association — Presentation Transcript