Geor Georgia as Hi s High gher er E Education L Landsc scap - - PowerPoint PPT Presentation

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Geor Georgia as Hi s High gher er E Education L Landsc scap ape: e: Demograph phics cs, F Fund unding and and Wha hat Stude dents P Pay Jennifer Lee, Policy Analyst jlee@gbpi.org @jjesunlee October 25, 2017 @GaBudget

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October 25, 2017

Geor Georgia’ a’s Hi s High gher er E Education L Landsc scap ape: e: Demograph phics cs, F Fund unding and and Wha hat Stude dents P Pay

Jennifer Lee, Policy Analyst jlee@gbpi.org @jjesunlee @GaBudget

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www.gbpi.org @GaBudget

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Agenda

  • Why Higher Education (Still) Matters
  • Strengths of Georgia’s Public Higher Education System
  • How Higher Education Has Changed
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Why Higher Education (Still) Matters

  • Strong Workforce
  • Economic Development
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Why Higher Education (Still) Matters

  • Higher Earnings
  • Broad Social Benefits
  • Economic Mobility
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SUCCESS x ACCESS = MOBILITY

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Strengths of Georgia’s Higher Education System

  • Long tradition and support of public

colleges and universities

  • Largest merit-based state scholarship

and grant program (HOPE)

  • Diverse by race, ethnicity, income
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How Higher Education Has Changed

  • More diverse
  • More necessary
  • More expensive
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Pell No Pell

  • 100,000

200,000 300,000 2006 2015

27% 43% University System Enrollment

More e St Studen ents W ts With F h Financial N Need eed

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More e St Studen ents W ts With F h Financial N Need eed

52%

  • 50,000

100,000 150,000 200,000 2006 2016

29% Pell No Pell Technical College Enrollment

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Growing R Raci cial a and E Ethnic Diver ersi sity

  • 150,000

300,000 1976 2016 All Other Hispanic/Latino Asian Black or African-American White

University System Enrollment

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Growing R Raci cial a and E Ethnic Diver ersi sity

Technical College Enrollment

  • 50,000

100,000 150,000 2000 2016 All Other Asian Hispanic Black or African-American White

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Employer ers D s Dem emanding M More e Educati tion By 2020…

60% of jobs will require postsecondary ed 32% will require at least a bachelor’s.

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Median Weekly Earnings by Educational Attainment

Source: U.S. Bureau of Labor Statistics. Adjusted for inflation. People 25 years and older.

More e Nec eces essa sary f for Financial Sec Secur urity

$638 Less than high school, $488

$757

High school graduates, $668 $857 Some college or associate's, $761 $1,046 Bachelor's degree

  • r higher, $1,193

$- $200 $400 $600 $800 $1,000 $1,200 $1,400 1979 1984 1989 1994 1999 2004 2009 2014

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Bachelor’s Degree Attainment by age 24 by family income

Source: The Pell Institute, Indicators of Higher Education Equity in the United States, 2017 Historical Trend Report.

6% First (Lowest) Quartile, 12% 11% Second Quartile, 20% 15% Third Quartile, 35% 40% Fourth (Highest) Quartile, 58%

0% 10% 20% 30% 40% 50% 60% 70% 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015

Key Fact ctor i in n Economic M Mobi bility and I Ineq nequality

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Higher Education is More Expensive

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Funding and Enrollment are Sensitive to Economic Downturns

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State Funding Per-Student Average Tuition and Fees

$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $- $2,000 $4,000 $6,000 $8,000 $10,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

State Budget and Tuition and Fees are Related

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HOPE Cuts Led to Higher Costs for Students

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0% 10% 20% 30% 40% 50% 60%

Research Universities Comprehensive Universities State Universities State Colleges Technical Colleges

Zell Miller Scholarship/Grant HOPE Scholarship/Grant

Highest Tuition Does Not Necessarily Mean Most Expensive

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Highest Tuition Does Not Necessarily Mean Most Expensive

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Half of Students Use Loans to Finance Their Education

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State Universities (ex. University of North Georgia) Percentage of Core Revenues by Source

In 2006:

Tuition and Fees, 25% 35%

State Funding, 45% 32%

Federal Grants, 13% 21%

2006 2015

State Funding Tuition and Fees Federal Grants (includes Pell)

College Revenue Sources Have Changed

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State Universities (ex. University of North Georgia) Percentage of Core Revenues by Source

In 2015:

Tuition and Fees, 25% 35%

State Funding, 45% 32%

Federal Grants, 13% 21%

2006 2015

State Funding Tuition and Fees Federal Grants (includes Pell)

College Revenue Sources Have Changed

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  • Family making $60,000
  • In 2014-15, average net

price was $12,722

  • Up 11 percent from five

years prior

Lowest Tuition Does Not Necessarily Mean Most Affordable

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  • Family making $30,000

(quarter of Georgia families)

  • In 2014-15, average net price

was $9,326

  • Up 32 percent from five years

prior

Lowest Tuition Does Not Necessarily Mean Most Affordable

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How Higher Education Has Changed

  • More diverse
  • More necessary
  • More expensive
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Recommendations

Higher education matters.

  • Work to return higher education funding back to historical levels.
  • Designate a portion of the state treasury’s Revenue Shortfall Reserve

as a pool to protect students against large tuition increases during budget cuts.

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Recommendations

College has become more necessary and more expensive for diverse students and families.

  • Develop a state aid program that responds to family financial need.
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For more information & to stay involved, sign up for GBPI’s email list www.gbpi.or

  • rg

Jennifer Lee, Policy Analyst jlee@gbpi.org @jjesunlee @gabudget