Transcript
- Slide 1
- Sandy Baum Higher Education Policy Analyst Professor of Economics Emerita, Skidmore College AGB March 2010 Colleges and Students in Difficult Economic Times: Prices, Student Aid, and Student Debt www.agb.org
- Slide 2
- Funding Sources
- Slide 3
- State Tax Appropriations for Higher Education: Total Appropriations in Constant 2008 Dollars (in Millions), Appropriations per Public FTE Student in Constant 2008 Dollars, and Public FTE Enrollment (in Thousands), 1971-72 to 2008-09 Source: The College Board, Trends in College Pricing 2009 3
- Slide 4
- Inflation-Adjusted Endowment Assets per FTE Student at Private Not-for-Profit Four-Year Colleges and Universities Relative to FY2000, FY2000 to FY2008 Sources: The College Board, Trends in College Pricing 2009; NACUBO Endowment Study; Commonfund Institute; NCES, IPEDS; calculations by the authors. Data are from NACUBO and Commonfund Institute where available.
- Slide 5
- Prices
- Slide 6
- Average Published Charges for Undergraduates by Type and Control of Institution, 2009-10 (Enrollment-Weighted) Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.. 6
- Slide 7
- Average Annual Percentage Increase in Inflation-Adjusted Published Prices by Decade, 1979-80 to 2009-10 Source: The College Board, Annual Survey of Colleges; NCES, Integrated Postsecondary Education Data System (IPEDS). 7
- Slide 8
- Distribution of Full-Time Undergraduates at Four-Year Institutions by Published Tuition and Fees, 2009-10 Source: The College Board, Annual Survey of Colleges. 8
- Slide 9
- Average Published Charges for Undergraduates by Carnegie Classification, 2009-10 (Enrollment-Weighted) Source: The College Board, Annual Survey of Colleges. 9
- Slide 10
- What Students Pay
- Slide 11
- Average Estimated Undergraduate Budgets, 2009-10 (Enrollment-Weighted) Source: The College Board, Trends in College Pricing 2009 11
- Slide 12
- Net Price: Published Tuition and Fees, Net Tuition and Fees, and Room and Board in Constant 2009 Dollars, Full-Time Undergraduate Students, 1994-95, 1999-2000, 2004-05 and 2009-10 12 Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.
- Slide 13
- Net Price by Income: Private Four-Year Colleges Net Tuition & Fees, Net Room & Board and Other Costs, and Total Grants in Constant 2007 Dollars by Income Group, Full-Time Dependent Students : 1992-93, 1995-96, 1999-2000, 2003-04 and 2007-08 Sources: The College Board, Trends in College Pricing 2009; NCES, NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2007.;
- Slide 14
- Student Aid
- Slide 15
- Undergraduate Student Aid by Source (in Billions), 2008-09 15 Source: The College Board, Trends in Student Aid 2009
- Slide 16
- Average Institutional Grants and Average Federal plus State Grants per Full-Time Dependent Student by Parent Income Public Institutions, 2007-08 Sources: NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2007. 16 Distribution of Full-Time Dependent Students in Public Institutions by Parent Income, 2007-08
- Slide 17
- Average Institutional Grants and Average Federal plus State Grants per Full-Time Dependent Student by Parent Income and Price Level of Institution, 2007-08 Private Not-for-Profit Four-Year Institutions Sources: The College Board, Trends in Student Aid 2009; NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2007.
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- Only Need-based Aid? Defining need-based aid Ability vs. willingness to pay Does non-need-based aid take dollars out of the pockets of low-income students? Rawls
- Slide 19
- Meeting Full Need Meeting need vs. gapping Packaging Rationing funds / competing priorities
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- No Loan Promises Promises made in better times: Is it always right to keep them? What will be sacrificed to keep these promises? Are there negative externalities for the vast majority of students who must borrow to go to college?
- Slide 21
- How Students Pay
- Slide 22
- Percentage Growth in Mean Family Income by Quintile in Constant 2008 Dollars, 19781988, 19881998, and 19982008 Sources: The College Board, Trends in College Pricing 2009; U.S. Census Bureau, Current Population Survey, Table F-1, Table F-3, and FINC-01; calculations by the authors. 22
- Slide 23
- Distribution of Total Undergraduate Debt by Sector and Type of Degree or Certificate, 2007-08 Source: NPSAS, 2008; The College Board, Trends in Student Aid 2009 23
- Slide 24
- A Problem Temptation to view ethical principles such as equity in admissions and financial aid policies as a luxury we cant afford in these hard times.
- Slide 25
- The Solution? Thoughtful leadership A balancing act