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Higher Education: A Presentation to the Budget Trends Commission May 27, 2008 Mark Misukanis Director of Fiscal Policy and Research Office of Higher Education. Projected Change in Working Age Population (Age 25-64) by Race/Ethnicity, 2000-2030. 7%. 152%. 270%. 169%. 341%. 75%. - PowerPoint PPT Presentation
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Higher Education:A Presentation to the
Budget Trends Commission May 27, 2008
Mark MisukanisDirector of Fiscal Policy and Research
Office of Higher Education
1
Projected Change in Working Age Population (Age 25-64) by Race/Ethnicity, 2000-2030
Source: Minnesota State Demographic Center
7% 152% 270% 169%
75%
341%
Educational Attainment and Rank Among States—Minnesota, 2000 (Percent)
19th
9th
7th
1st
12th
01020304050
Age 25-64 withGraduate/Prof. Degree
Age 25-64 with Bachelor's orHigher
Age 25-64 with AssociateDegree
Age 25-64 with High SchoolDiploma
Age 18-24 with High SchoolDiploma
Source: U.S. Census Bureau, 2000 Census
79.3
9.0
92.4
8.9
30.5
Minnesota Educational Attainment by Gender and Race/Ethnicity, Age 25-34—Indexed to Top Country
5
Percent with Bachelor’s Degree or Higher Percent with Associate Degree or Higher
White African-American Hispanic/Latino Native American/AK Native
Asian/Pacific Islander
Male Female Male Female Male Female Male Female Male Female
Source: U.S. Census Bureau, Public Use Micro-data Samples (Based on 2000 Census); Organisation for Economic Co-
operation and Development (OECD)
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
Top Country (Norway)
US Index = 0.86
Top Country (Canada)
US Index = 0.77
0.0
0.2
0.4
0.6
0.8
1.0
1.2
Minnesota High School Graduates1991-92 through 2014-15
6Source: Minnesota State Demographer and Office of Higher Education
Net Migration by Degree Level and Age Group—Minnesota
Source: U.S. Census Bureau, 2000 Census; 5% Public Use Micro-data Sample (PUMS) Files
22- to 29-Year-Olds 30- to 64-Year-Olds
32,299
2,370
11,296
2,791
-481
6,635
9,688
-10,000 0 10,000 20,000 30,000 40,000
40,188
8,376
7,276
2,863
3,551
7,406
10,716
0 10,000 20,000 30,000 40,000 50,000
Less than High School
High School
Some College
Associate
Bachelor’s
Graduate/Professional
Total
Post Secondary Headcount Enrollment 1997-2006
8
Annual Growth
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 RatePublic InstitutionsCommunity and Technical Colleges 96,417 93,631 98,509 101,875 105,267 109,844 113,408 112,582 112,111 114,616 1.9%State Universities 53,239 51,503 55,815 58,073 60,523 62,704 63,686 63,542 63,654 63,785 2.0%University of Minnesota 58,937 61,284 58,161 59,183 60,433 62,789 63,769 65,247 65,489 65,753 1.2%
Total Public 208,593 206,418 212,485 219,131 226,223 235,337 240,863 241,371 241,254 244,154 1.7%
Private InstitutionsColleges & Universities 58,773 62,084 54,013 57,351 57,649 59,948 60,480 61,912 63,067 64,433 1.0%Career Schools 7,020 8,772 10,977 9,705 9,624 12,845 33,511 40,967 56,455 23,343 13.4%Career Online Schools 50,572
Graduate & Professional 4,977 5,745 4,144 3,423 3,661 3,108 4,812 4,132 4,129 4,103 -2.1%
Total Private 70,770 76,601 69,134 70,479 70,934 75,901 98,803 107,011 123,651 142,451 7.8%
Total Enrollment 279,363 283,019 281,619 289,610 297,157 311,238 339,666 348,382 364,905 386,605 3.6%
Public Share of Total 74.7% 72.9% 75.5% 75.7% 76.1% 75.6% 70.9% 69.3% 66.1% 63.2%
Source: Office of Higher Education
Higher Education Spendingas a Percent of the General Fund
10Source: Department of Finance: February 2008 Forecast
Minnesota State Colleges and Universities Revenue Components
(000’s)
11Source: Integrated Postsecondary Education Data System
Minnesota State Colleges and UniversitiesTuition as a Share of Total Revenue
12Source: Integrated Postsecondary Education Data System
University of Minnesota Revenue Components
(000’s)
13Source: Integrated Postsecondary Education Data System
University of Minnesota Tuition as a Share of Total Revenue
14Source: Integrated Postsecondary Education Data System
MnSCU Instructional Spendingas a Share of Total
16Source: Integrated Postsecondary Education Data System
U of M Instructional Spendingas a Share of Total
18
Source: Integrated Postsecondary Education Data System
Net Price by Sector by Adjusted Gross Income Dependent Students
Private Non-Profit
Private For-Profit U of M
MnSCU 4 year
MnSCU 2 Year
19Source: Office of Higher Education
Student and Parent Saving
20
Minnesota 529 Plan :• Operating since 2001
• Current Assets of $625 million
• Account Beneficiaries 48,058
Student Borrowing
21
•In general, a larger percent of undergraduates in Minnesota had student loans than nationally, and Minnesota students borrowed more, on average, during the 2003-2004 academic year.
• Among Minnesota undergraduates who attended full-time for the full academic year, 63 percent had student loans.
• The average annual amount borrowed by all undergraduates was approximately $5,500. Full-time students who attended for the full academic year borrowed an average of $6,600 annually.
Student Borrowing (Continued)
22
•Much of the recent increase in the percentage of students with loans occurred in the upper income brackets. In 2000, 28 percent of full-time, full-year dependent students in Minnesota coming from families with incomes of $90,000 or more had student loans while, in 2004, 57 percent of similar students had loans.
• In Minnesota, full-time, dependent students whose parents belong to the middle income categories ($30,000-$89,999) were still more likely to borrow than those in the lowest or highest income categories.
•In recent years, students have increased their reliance on “alternative” student loans from on-federal sources.
Accountability Goals
23
Goal 1:Improve success of all students, particularly students from groups traditionally underrepresented in higher education
Goal 2:Create a responsive system that produces graduates at all levels who meet the demands of the economy
Goal 3:Increase student learning and improve skill levels of students so they can compete effectively in the global marketplace
Goal 4:Contribute to the development of a state economy that is competitive in the global market through research, workforce training and other appropriate means
Goal 5:Provide access, affordability and choice to all students
Other Topics
24
State Comparisons of Revenue per FTE
Higher Education Production and Migration
Source: SHEEO and NCHEMS
Future Budget Issues
25
1.High School Graduates and Preparation
2.The New Millennial Student
3.Faculty Retirements and Replacement
4.Workforce Supply
5. Facility Utilization and Other Cost Issues
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