State Universities of Academicand Research Excellence andNational Preeminence ActPresentation toGovernor Rick Scott       ...
I. Our Commitment to Florida’s Economic             Development  Corporations are keenly interested in a skilled workforc...
I. Our Commitment to Florida’s Economic             Development Six years of declining state support have madeFlorida uni...
I. Our Commitment to Florida’s Economic             Development Our highest priorities are focused on Florida’seconomic d...
II. Florida’s Universities do not reflect             market forces
II. Florida’s Universities do not reflect                market forcesIt is good business to be priced below the market, b...
II. Florida’s Universities do not reflect             market forcesTuition and Fees are the same regardless of mission or ...
II. Florida’s Universities do not reflect                market forces• Florida provides many choices for higher education...
III. The Preeminence Bill Introduces a      New Standard of Accountability• Many statistics, but accountable only on enrol...
IV. Tuition is Controlled and Accessibility             is not Threatened• Increases must be approved by Trustees and Gove...
Summary• We are committed to economic development and jobs,  and eager to invest in Florida• Market forces are being suppr...
FSU FUNDING: MAJOR IMPACT
FSU’s National US News Ranking Among PublicUniversities Greatly Outstrips Its Financial Ranking
State Universities of Academic & Research Excellence and National Preeminence Act
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State Universities of Academic & Research Excellence and National Preeminence Act

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Florida State University President Eric Barron's presentation to Florida Governor Rick Scott on the State Universities of Academic & Research Excellence and National Preeminence Act.

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State Universities of Academic & Research Excellence and National Preeminence Act

  1. 1. State Universities of Academicand Research Excellence andNational Preeminence ActPresentation toGovernor Rick Scott April 12, 2012 THE FLORIDA STATE UNIVERSITY
  2. 2. I. Our Commitment to Florida’s Economic Development  Corporations are keenly interested in a skilled workforce and cutting-edge research  Highly ranked universities attract top faculty and students The top 100 research universities attract more than $40B in corporate and federal research, the remaining 550 universities garner only about $10B Top tier research universities are major economic engines; students are more competitive in the market for high-paying jobs
  3. 3. I. Our Commitment to Florida’s Economic Development Six years of declining state support have madeFlorida universities much more efficient, but we arelosing ground in our ability to drive research,promote economic development, serve students FSU: Faculty #’s have dropped by 50 each of the last 4 years; more than 300 total; 1/3 of Assistant Profs Nearly 80 STEM faculty have left; only 20 re-hired because of budget constraints 13 Business faculty have left since 2010 including eminent scholars (for higher salaries)
  4. 4. I. Our Commitment to Florida’s Economic Development Our highest priorities are focused on Florida’seconomic development objectives and jobs forstudentsWe are ready, if we have the opportunity to investFSU: Entrepreneurial University STEM excellence in energy and materials Comprehensive focus on successful longevity Critical needs for timely graduation National Academy members Educational partnership to recruit corporations
  5. 5. II. Florida’s Universities do not reflect market forces
  6. 6. II. Florida’s Universities do not reflect market forcesIt is good business to be priced below the market, but not to thepoint of being at such a distinct competitive disadvantage thatyou can’t deliver qualityKey factor: STEM degrees are considerably more expensivethan other degreesTuition and Fees:FL Research Universities: $5,583 – 5,825 (the lowest)Highest Public Research: $16,132Average Public Research: $9,500Average of all publics: $8,244
  7. 7. II. Florida’s Universities do not reflect market forcesTuition and Fees are the same regardless of mission or rank 19 97 100 NR
  8. 8. II. Florida’s Universities do not reflect market forces• Florida provides many choices for higher education, including community colleges, colleges, and universities• The price difference ranges from about $3000 to $5900 – remarkably inexpensive and a narrow range• But, consider the student loan default rate: • National average: 8.8% • Florida average: 10.5% • FSU: 3.4%• Top-ranked programs have higher graduation rates, a positive impact on job potential; lower default rates – all of these factors are significant market forces
  9. 9. III. The Preeminence Bill Introduces a New Standard of Accountability• Many statistics, but accountable only on enrollment target• Bill based on 14 national standards of excellence• Serve state needs – STEM, efficiency, quality• Metrics incentivize universities to reach preeminent status rather than act as an entitlement• For the first time, Universities that meet the standard must describe how the proposed tuition increases will be utilized to benefit students and the State• Proposals for growth, economic development, and student advancement will be a public discussion for the first time• Framework for additional metrics
  10. 10. IV. Tuition is Controlled and Accessibility is not Threatened• Increases must be approved by Trustees and Governors• If increase occurs too quickly, market will respond• Strong commitment to financial aid – for every economic class, expected family contribution + scholarships exceeds tuition and fees by more than $2000• Dedicate a portion of every tuition increase to financial aid
  11. 11. Summary• We are committed to economic development and jobs, and eager to invest in Florida• Market forces are being suppressed; expect negative consequences• A new level of accountability is being introduced• We remain committed to being highly accessible
  12. 12. FSU FUNDING: MAJOR IMPACT
  13. 13. FSU’s National US News Ranking Among PublicUniversities Greatly Outstrips Its Financial Ranking

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