Intro

1
Intro

• The Refinancing of
• Higher Education Opportunity
• 1980 to Present
• Prof. Janice Friedels Higher Education Finance
  Class
• Iowa State University
• January 23, 2013
• Tom Mortenson
• Senior Scholar,
• The Pell Institute for the Study of Opportunity
  in Higher Education
• Higher Education Policy Analyst,
• Postsecondary Education OPPORTUNITY

2
The Refinancing of Higher Education Opportunity

• Overview
• States
• Federal
• Institutional
• Students and their families
• Consequences for (some) students

3
Distribution of Revenue Sources for Financing
Higher Ed
4
The Refinancing of Higher Education Opportunity

• Overview
• States
• Federal
• Institutional
• Students and their families
• Consequences for (some) students

5
State Fiscal Support for Operating Expenses
6
National Avg Resident Undergrad Tuition Fees in
Public Inst
7
Need-Based Grant Share of State Student Financial
Aid
8
The Refinancing of Higher Education Opportunity

• Overview
• States
• Federal
• Institutional
• Students and their families
• Consequences for (some) students

9
Need-Based Share of Federal Student Financial Aid
10
Purchasing Power of Pell Grant
11
The Refinancing of Higher Education Opportunity

• Overview
• States
• Federal
• Institutional
• Students and their families
• Consequences for (some) students

12
Core Revenue by Source for Public 4-Year
13
Changes in Core Revenue by Source for Public
4-Year
14
State Appropriations Share of Core Revenue
15
State/Local Appropriations Share of Core Revenue
at Public 4-Year Institutions
16
Change in State Approps Share of Core Revenue at
Public 4 Insts by State
17
Tuition fee Share of Core Revenue at Public
4-Year Insts
18
Tuition Fee Revenue Share of Core Revenue at
Public 4-Year Insts by State
19
Change in Tuition Revenue Share of Core Revenue
at Public 4-Year Insts By State
20
Core Expenditure Shares by Function for Public
4-Year Insts
21
Changes in Core Expenditure Shares by Function
for Public 4-Year Insts
22
Instruction Share of Core Expenditures in Public
4-Year Insts
23
Instruction Share of Core Expenditures in Public
4-Year Insts by State
24
Change in Instruction Share of Core Expenditures
in Public 4-Year Insts by State
25
Instruction Share of Core Expenditures in Public
4-Year Insts by State
26
Change in Tuition Share of Instruction Student
Services in Public 4-Year Insts by State
27
Tuition Share of Instruction Student Services
in Public 4-Year Insts
28
Public 4-Year Shares of Undergrads with without
Pell Grants
29
The Refinancing of Higher Education Opportunity

• Overview
• States
• Federal
• Institutional
• Students and their families
• Consequences for (some) students

30
Upper Family Income Limits for 1st, 2nd, 3rd
Quartiles
31
K-12 School Lunch Program
32
Financial Need Analysis Model

• Cost of Attendance
• Tuition and fees
• Room and board
• Books and supplies
• Personal and medical care
• Transportation
• Less Expected family contribution
• Income and assets
• Family size
• Number of children enrolled in college
• Equals Financial need
• Gift aid grants, scholarships, waivers
• Earnings from work/study
• Education loans subsidized/unsubsidized
  Stafford, PLUS
• Federal tax credits

33
Financial Resources Barriers
34
Mean Unmet Financial Need by Quartiles
35
Mean Student W/L Burden
36
Mean Net Price to Family
37
Mean Net to Family as a of Parents Income
38
The Refinancing of Higher Education Opportunity

• Overview
• States
• Federal
• Institutional
• Students and their families
• Consequences for (some) students

39
Pell Grants Enrolled in Public Private in Clgs
Univ
40
Pell Grant Shares in 4-Year 2-Year
41
High School Grad Rates by Family Income Quartiles
42
Change in High School Grad Rate
43
College continuation Rates by Income Quartiles
44
Change in College Continuation Rates
45
College Participation Rates by Family Inc
Quartiles
46
Change in College Participation Rates
47
Bachelors Degree Completion by Age 24
48
Change in Completion Rate
49
Baccalaureate Degree Attainment by Age 24
50
Change in Bachelors Degree Attainment Rate
51
Distribution of Bachelors Degrees Awarded by Age
24
52
Low Income Student Shares of Total
53
Tertiary Type-A Degree Attain 25-34 yr olds OECD
2003
54
Tertiary Type-A Degree Attain 25-34 OECD 2009
55
Change in Tertiary Type-A Degree Attain 25-34
OECD 2000-2009
56
Projected Tertiary Type-A Degree attain OECD 2020
57
Final
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