Michael Q. McShane, PhD. -What are some of the big issues in higher - - PowerPoint PPT Presentation

Michael Q. McShane, PhD.

• What are some of the big issues in higher education today?
• Is Mizzou more or less efficient or effective than the other public

institutions of higher education in Missouri?

• How does Mizzou stack up the 115 other Research-1 Universities in the

region and in the US?

• According to data from the New York Federal Reserve, the wage premium (that is the extra

income earned by people with college degrees) has been rising, in fits and starts, since the 1970s.

• Today, the average worker with a bachelor’s degree earns around $64,000 per year, while a

worker with an associate’s degree earns $50,000, and a worker with just a high school diploma earns $41,000. Over a working lifetime, the New York Fed estimates that the total wage premium for a bachelor’s degree is approximately $1 million and $325,000 for an associate’s degree.

• Also according to the Federal Reserve, the total outstanding student debt in the United

States is more than $1.2 trillion. This is more than the total credit card debt in the nation (estimated at $733 billion) and total outstanding auto loan debt as well (estimated at $1.06 trillion).

• The average debt load of those 7 million people in default is only $14,014.

5000 10000 15000 20000 25000 30000 35000 40000

Harris-Stowe State University Lincoln University Missouri Southern State University Missouri Western State University Truman State University Northwest Missouri State University Missouri University of Science and technology Southeast Missouri State University University of Central Missouri University of Missouri-Kansas City University of Missouri- St. Louis Missouri State University University of Missouri

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Harris-Stowe State University Lincoln University University of Missouri Kansas City University of Central Missouri University of Missouri St. Louis Southeast Missoui State University Missouri University of Science and Technology Missouri Southern State University University of Missouri Columbia Missouri Western State University Northwest Missouri State University Truman State University Missouri State University- Springfield

Hispanic Asian White Black

18 19 20 20 21 21 21 23 24 26 24 24 25 25 28 27 26 28 30 31

5 10 15 20 25 30 35

8 24 30 33 44 46 47 49 52 55 65 71 74 10 20 30 40 50 60 70 80 90 100

$46,000

$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000

38% 45% 53% 55% 59% 63% 64% 65% 68% 69% 71% 72% 82%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

10,000 20,000 30,000 40,000 50,000 60,000 70,000 0.00 2,000.00 4,000.00 6,000.00 8,000.00 10,000.00 12,000.00 14,000.00 16,000.00 18,000.00 20,000.00 Median Earnings Average Yearly Cost

$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 Median Earnings Average Cost

1000 2000 3000 4000 5000 6000 5 10 15 20 25 30 35 Romance Languages Religious Studies Black Studies Statistics Art History History Classics English Communications Philosophy Women and Gender Studies Geography Sociology Political Science Anthropology Economics Mathematics Geology Biology Physics and Astronomy Chemistry Psychology h-index Citations

5 10 15 20 25 30 35 Math Biology Economics English Psychology Chemistry History

UMKC UMSL MST MU

5 10 15 20 25 30 35 40 45 50 Math Biology Economics English Psychology Chemistry History KU IOWA ILL MU

• Mizzou is neither in crisis nor thriving. On most indicators, comparing Mizzou to

its peers both regionally and nationally, Mizzou falls in the middle of the pack.

• The majority of students in public higher education in Missouri do not attend
• Mizzou. The universities that they do attend vary widely in effectiveness.

Understanding where Mizzou stands in the context of the state’s public higher education system is important.

• With respect to research productivity, Mizzou is not as head and shoulders

above the other public universities in state as one might expect it to be given its status as the state’s sole public Research 1 University. In a regional context, compared to other R-1 universities, it similarly fails to distinguish itself from the pack.