Commissioner Presentation to Utah Student Association

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Commissioner Presentation to Utah Student Association

  1. 1. Utah Higher Education February 18, 2010 Bill Sederburg, Commissioner of Higher Education Joseph Watkins not Tiger Woods
  2. 2. Agenda Introduction to USHE The Economic Argument Current Status
  3. 3. Introduction 18 Regents University Network Utah Higher Education Assistance Authority Utah Educational Savings Plan Commissioner Senate Confirms
  4. 4. Network Coordinated by Regents & Commissioner’s Office
  5. 5. <ul><li>Lowest default rate in the nation </li></ul><ul><li>96,000 loans granted July-Dec. 2009 </li></ul><ul><li>One of nation’s best 529 plans </li></ul><ul><li>Over $3 billion in assets </li></ul><ul><li>College prep message to 8 th grade </li></ul><ul><li>Involves volunteers from business </li></ul>
  6. 6. It’s generally understood… <ul><li>Personal AND statewide economic success directly correlate to educational attainment </li></ul>
  7. 7. 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
  8. 8. 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
  9. 9. 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
  10. 10. 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
  11. 11. Findings <ul><li>Increasing relationship (.6 to .83) </li></ul><ul><li>Spreading out among the states </li></ul><ul><li>Little change in data for Utah </li></ul>
  12. 12. Economic Impact <ul><ul><li>Educate workers of the future for “careers” </li></ul></ul><ul><ul><li>Liberal arts education + career pathways </li></ul></ul><ul><ul><li>All USHE institutions </li></ul></ul>The “X Factor”
  13. 13. X Factor in Economic Development <ul><li>The building the “talent force” not just workforce </li></ul><ul><li>Ability to communicate </li></ul><ul><li>Ability to analyze situations </li></ul><ul><li>Ability to development “social intelligence” </li></ul>In essence: A well rounded person with a liberal education!
  14. 14. State Budget Challenges Positioning Utah for the Future “ Do more with less?”
  15. 15. Fiscal year 2010 budget gaps
  16. 16. 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
  17. 17. High stakes debate! <ul><li>$93,000,000 </li></ul><ul><ul><ul><li>University of Utah: $31 mil. </li></ul></ul></ul><ul><ul><ul><li>Utah State: $20 mil. </li></ul></ul></ul><ul><ul><ul><li>Weber State: $9 mil. </li></ul></ul></ul><ul><ul><ul><li>Southern Utah: $4 mil. </li></ul></ul></ul><ul><ul><ul><li>Snow: $3 mil. </li></ul></ul></ul><ul><ul><ul><li>Dixie State: $3 mil. </li></ul></ul></ul><ul><ul><ul><li>Eastern Utah: $2 mil. </li></ul></ul></ul><ul><ul><ul><li>Utah Valley: $8 mil. </li></ul></ul></ul><ul><ul><ul><li>Salt Lake Community $8 mil. </li></ul></ul></ul><ul><ul><ul><li>Pass-through programs $5 mil. (scholarships, financial aid, students assistance, etc.) </li></ul></ul></ul>
  18. 18. What is impact of $93 million cut?
  19. 19. Absorbed enrollment increases <ul><li>Fall 2008 +11,896 students </li></ul><ul><li>Fall 2009 +12,632 students </li></ul><ul><li>Total new students +24,528 students </li></ul>
  20. 20. 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%
  21. 21. State Funding for Higher Education (FY 2000 to FY 2010) 24% 53,000 new students State Tax Funds Increased 24% in 10 years
  22. 22. Reaching the Tipping Point <ul><li>Cuts have consequences </li></ul><ul><li>Support Governor’s Proposal </li></ul><ul><ul><li>Restores latest cut </li></ul></ul><ul><ul><li>Replaces this year’s $61 million with one-time </li></ul></ul>
  23. 23. Impact on Students <ul><li>Availability of classes </li></ul><ul><ul><li>Delays in graduation </li></ul></ul><ul><li>Full time faculty </li></ul><ul><ul><li>Mentoring & Engagement </li></ul></ul><ul><li>Advising </li></ul><ul><ul><li>Setting a career path </li></ul></ul><ul><li>Access </li></ul><ul><ul><li>Tuition & Fees </li></ul></ul><ul><li>Quality </li></ul>
  24. 24. Great things continue! <ul><li>Absorbing 24,000 students </li></ul><ul><li>Keeping tuition low </li></ul><ul><li>USTAR </li></ul><ul><ul><li>Regional initiatives </li></ul></ul><ul><li>Easy transferability of credit </li></ul><ul><li>Collaborative efforts </li></ul><ul><ul><li>General education </li></ul></ul><ul><ul><li>Lumina Tuning Project </li></ul></ul><ul><li>Utah is efficient </li></ul><ul><ul><li>Fewest dollars spent per 4-year degree of any state. </li></ul></ul><ul><ul><li>Estimated $1,300 less state money per student since 2008. </li></ul></ul>
  25. 25. Conclusion <ul><li>Institutions and their faculty are doing a great job responding to: </li></ul><ul><ul><ul><li>Budget Cuts </li></ul></ul></ul><ul><ul><ul><li>Enrollment Increases </li></ul></ul></ul><ul><ul><ul><li>Demand for services </li></ul></ul></ul><ul><li>Students need to be engaged in the debate </li></ul>A sincere thank you!

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