Agency Presentation Slides FY13 - BOR Thursday, January 12, 2012 9:28 AM Fi al Yi r 201 Budg t H nng Joint Appr pri tion 1n1nitt January 17-1 , 2012
The State of Public Higher Education in South Dakota outh Dakota Board of Rege nt s - 2 01 2 • Tc rr y Baloun, • Kathryn Johns on n ca Hill ity , Pr e id e nt • Jam Han en , Pie rr e • D an Kr gman • Har v y J w tt , Ab rd en Br king , Vi Pr id nt • Rand y M rri , p arfi h • Rand y cha £ r • Carol Pag on ioux Fall Madi on • Patri k Wi b r, Montro •
Our Challenge: Delivering a Career- and Job-Ready Workforce Higher education and · workforce deYelop1nent go hand in hand . ur priorities are to : • Enroll and graduate more itizen . rm d with du ation and ski ll s, th y will h Ip build , D' nomy. • Attract new residents to South Dakota. With an aging demographi , it i e ential to attract more yomig people to D as our future workforce. • Leverage univer ity-based re ear hand develop1nent. Research initiative contr ib ute significan tl y to D's conomic growth . • Grow graduate programs. l mpro e ' l ow ranking of itizen v ith grad u at or prof . ional d gr , who "i ll become ou r future workforce . •
Higher Education Pays Personal Dividends Increasing levels of education pay off in higher earnings and lower unemployment rates. I di n \nnu al Eami ne in 20 10 nempl )nlCnl llal ~ -01 D t onil D • . ... r roi Ion ID rt' \I t r\ OCj!r 4.t J Ba ht-lor· Oeiir .J6J u \ 7.t .1!1 9.l 11.J ... , I \ 'I han II h hool Oiplom U.S . Bureau ef Source : labor Srarirrics, • Current Populanon Surrer
SD Wages by Hiring Preference Levels I liring Preference 2009 Average Salary ondary du ati n at I than th 29,625 o iat d gr I v I A ociate deor e 41,27 Bah lor' · cl gr 45,2 9 0,27_ Ba h lor' d gr and, ork xp n n c Mat r' cl gr 54,543 Doctoral d gr e $64,5 6 i nal cl gr Fir t pro£ 121,345 Sourc e: SD D eparrmenc of Labor &. R e9u l at1on •
~ Higher Education Also Serves the Public Good • A n1ore highl y e du c ated • Who benefit s? p pul ation: )"" Local ormnuniti s Attr a t a nd retain high-te h bu in e a nd indu tr · w · tat )"" Luw r s un e mp loym nt rat e Low r h a lth c ost s )"" Th e Na tion )"" l mproY es Yoter parti c ip a tion a nd c i\; c engagem e nt Re ult in be tt er e du a tion for hildr n )"" Rai aggr gat a rnin g a nd Phcco C11<!1t · Cbod Copp,:; SD T cun;m in co m e pot e nti al Sou r ce : The olle9e Bou rd, "Educat,on Pays 10 IO" •
As a State, We Are Making Progress to Enroll More Students . .. • A near-record Pub lic Uni ve rsi ty E nr ollme nt 40,000 35 ,000 number of 30,000 25 ,000 20,000 students are 15 ,000 10,000 being served 5,000 0 ....._,--.------,r---,-~- --.-~-.--..-.----.------, by D public universities, at K-1 2 Enro llm e nt 134 , 000 th e same tim 132 , 000 130 , 000 128 , 000 th at K-1 2 126 , 000 124 , 000 122 , 000 e nrollm e nt s 120 , 000 118 , 000 ha, e decl in ed, th n 116 , 000 ,........., ,--, 114 , 000 ...... 8 g 8 0 ... 1 , 1 d. 0 0 N N N N ources: Board ef Re9ents' Fact Book FY 2012; • South Dakota Department ef E dt 1 canon
... but There is Much More to Do • En ure higher education re1nain affordable for c 11 citizen ar full · n1anag tuition and f • mer as • SD i nl) tat with ut a tat -fm1d d n d -ba d finan ic 1 aid progra1n to incr ase low-inc01n coll g participation . Undergraduate Res i dent - Average Student Loan Debt FY12 Tuition & Fees as a Pa rt of Total Cost South Dakota System 2011 National Average : $25,250 30.000 S3 0,000 • Total Cost • Tuition 5.000 s 2; , ooo 0.000 S20, s 1 ;, ooo 15,000 SI0,000 10.000 S5,000 5,000 • so 0 'lloa rd '?f lkg<nt< h,cr &ok J- l' ZO 12 ·o ur «:
No Growth in State-Funded FTE • ain tin1 that student headcount is up 21 °/o (6,259) . t th 3. 1 50 • ene ra l f un ded 3,::?91 3.300 3,1 50 3, 000 2. 50 -· 00 2.550 -. ~oo _.250 2,1 00 1,950 1, 800 1.650 l, 00 •FrJOand Fl'I I . ~11.11.ifundtJ FTE art ,nc/udtd ,n t.bt Gma.,J Funtkd co lumn . •
Today's Reality: Declining state support drives up tuition and fees and limits access to lower-income students 60°, 57% tate uppo1t --r---t-- t-:. --- ,:..+ - 55°0 so•. 45', 4 % upport 40°. State support of South Dakota 39% 35°. +---+---+--+--t public higher education dropped from 57% to 39 % in 11 years. 30°, +----t---t---+-- -L-----------------_J- t---! n ·o1 FY02 FY03 FY04 F\'05 n '06 FY07 FYOS FY09 n ·10 n ·11 FY12 Why ha s this happ e n d? , I · . 6° 1 0 cut in general fi.m d support OYeT 3 ye.i.rs equals a S27. million cut to higher cduca ion' budget. >" ~o new state dolJars since FY98 to fw1d state- support eru·olJment grnwth of 69 students equals a hortfall of S 3. I million. 8c>JrJ ,if Soum. FYOJ . FYIJ R,11""'' fJtt &,el, • , S 18 million shortfall in state fundina of utilitv costs. fl'J 2- Pro1ur.ed daLa :.> No inflationary dollars on base operating expenses equals a S 3 million loss in purchasing p ower since 199 .
~ Li mited State Support Puts Pressure on Tuition to Fill Funding Gaps Appropriations Per FfE NetTuition Revenue Per FfE FYlO Publi Po tsecondary FY10 Public Postsecondary : du cat ion Education 7 .000 $14.000 $13, 090 6. 2:!I 6.161 SS.169 56.000 SS.145 S ,000 $10.000 su~t s~ . 126 4,147 - 4.000 000 $6, 451 6,520 S6 , 7JI 6.000 5.- "'6 $5.64 3.000 I. 46 4.000 il Sl.000 I 1,000 2.000 s. $- r MT WY D IA MN U IT iD WY fT IN IA iD D • Source : SHEEO Srau H19hu Education Finance 1 SHEF ) Report , 2010 lums. l t) numbcn n,1/ J1f,:,fr"m ~o · ,. Fa ,, & lO k} for enrollment mn u11J tl \f ,if (. 1-1£1- J'1IU t1Jp1 uJ
19% of Public Higher Education Budget Supported by State Tax Dollars Board of Regent FY12 Al l Fund by Fund ourre $793,301,375 Room& Board $33,995,849 ~ General Funds SlSO 748,788 4°0 "' 19% Stimulus ID Sl0 ,623, -123 1•. HEFF S20,092,844 3•. School & Public Lands Sl, 918,0-13 o•. Federal Restncted $233,674, '72 30°. Federal Appropriated $10,793,774 funds are not part of "Sou ; Stimulus Ill £he ba,e bud9a, but one-time 10~ Source : BourJ ef Rc9enis'J,s ul '!ffiu monle, that will be tllm1naud In F ri 3 . •
Getting more students graduated ... Groups Pl'rcentagl' Freshmen 4,470 4,865 4,721 4,857 5,336 5,241 +17% Undergraduate Degree Graduates 3,616 3,728 4,004 4,075 4,256 n/a +18% +13% Fall FTE Enrollment 23,605 24,089 24,512 25,468 26,625 26,719 Total Graduates 4,788 4,918 5,272 5,360 5,591 n/a +17% • ou rce : B oard ef R e9e nr s' i rscem Jaw
... to stay and become our future labor force in South Dakota. Proje cte d Change in South Dakota Population by Age 2005-2025 80,000 73,003 70,000 60,000 50,000 40,000 30,000 20,000 10 ,000 118 0 -944 -1 ,913 - 1, 380 -1 0,000 -20,000 0-17 18-24 25-44 45-64 65 and Older • S ource : U .S. Census Bureau
~ Meeting our Goal to Produce More Graduates: BOR Policy Changes • Redu ed er dit hour evv gener 1 tudie degre • require1nents for mo t for 'r ad) adult ' bachelor and as ociate • B f d- up rti ul ti n degrees agree111 nt " ' ith t hni al From 128 to 120 er cl.it hour s in tih1t for bach lor d gr e oil g -r adin • From 64 to 60 cre dit hours for with DOE initiativ a o iate d gre Chang effecth- S umm er _ OL Also co ns idering: h1dent saYings to degree of • P rf onnanc fw1<ling S2 000 • ow r - o t a ociate deore • R d ign of r 111 dial at t, o univ r ity nt r ur " ' ork •
Postsecondary Placement of High School Graduates in South Dakota • Regental ystem • Tedmical I n tih1te • Prh·ate/ For-Profit In titution Out - of - tate In tih1tions D Did ·ot Attend • .S. D epartment of Edu canon, D1 9est of So ur ce : U Edu ca non Scanm cs
t -U- _;J_', ~ 2010-11 Undergraduate Degrees Awarded at SD Public Universities 1000 ~ 900 800 700 600 ;oo 400 300 200 100 0 • Source: /J oard ef R e9e n u' FYI 2 Face B ook ST E.lf: Sdrnu , T u:hnolo8J·, En 9Jneuln9, and .\fathematics
~ ~ How are we doing? Pla ement Study ofBOR Fre hn1e11 Migration Graduates • Dis net importer of • 70 o/o of D re ident oil ge fre hmen (200 data): tudent re1nain in tat 2, 1 34 fresh men i mporte d after college graduation to from o th r states; work or pursue additional 1 , 5 64 fres h1 ne n le ft to edu ation. atte nd c oll ege out of state. Net gain to SD= 570 • About 3 of every 10 out - stud e nts of-state students also stay • in 2000, impor / xport in at f olluwing ratio ha hift d. graduation . •
Default Rates: South Dakota Students Pay Back Their Debts Average Loan Default Rate for In titution in the U. . All 2007 - 09 (3 - Ye<1rAverages) Proprietary 3. +o 0 o outh Dakota +.90°0 4.50°0 10 .30°0 6. +o 0 o . 'ation 7.; 0°0 4.00°0 1- . ;0 °0 D's ta te Rank 10 31 14 + South Dakota Postse ondary Institution Loan Default Rates 2006-09 _ oos Type _006 In titution 2007 2009 PdYa tc 1.88°0 +.00°0 3. 30° 0 6.20° 0 7.1 00 00 PI"op1ietan· .00 00 9. 13 .50 °0 Te chnical +. 31 °0 3.90°0 +. 20° ,o 6.90°0 • 1.s1°0 2.20°0 2.60° 0 4.00°0 Rcgcntal Souru : U .S. Depanment of Education cchorr default rates
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