innovation in higher education

INNOVATION IN HIGHER EDUCATIONLS360 Presents…

State Appropriation Reduction

FY00

FY01

FY02

FY03

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

05

10152025303540

MCC State Aid (Millions)

• “Change in State Aid Funding,”• FY 2000-2013

State Appropriations at CPI

26.2%

25.1%

41.1%

7.6%

MCC Percent of Funding FY12

Taxes

State Aid

Tuition and Fees

Other

24.4%

37.1%

26.6%

11.9%

MCC Percent of Funding FY00

Taxes

State Aid

Tuition and Fees

Other

Average Expenses for Higher Education

Ave debt for BA (Four year public)

Ave debt for AA (Two year Public)

Ave total cost for BA (Four year Public)

Ave total cost for AA (Two year Public)

27,200

10,444

24,488

15,635

Series1

Source: CollegeBoard

State Appropriation Reduction

Fiscal Year - 2011 ( 5.0 ) % $ ( 3.0 ) M

Fiscal Year - 2012 ( 7.0 ) % ( 5.3 ) M

Fiscal Year - 2013 ( 7.8 ) % ( 3.9 ) M (Projected)

Total ( 19.8 ) % $ ( 12.2 ) M

State Appropriations at CPI

$51 $52 $51 $52 $52 $53$56 $58

$59$55

$51$47

$60 $61 $63 $65 $67 $69 $71 $71 $73 $74 $75$78

$81

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

UCM Appropriation CPI Adjusted

$ (34) MGAP

FBelow Chart Assumes 3% CPI for FY 2012-13 and 7.8% State Funding Reduction in 2013.

Appropriations versus Tuition & Fees

$0

$10

$20

$30

$40

$50

$60

$70

$80

2000 2006 2013

Ap

pro

pri

ati

on

s, $

57

Ap

pro

pri

ati

on

s, $

52

Ap

pro

pri

ati

on

s, $

47

Tu

itio

n, $

30

Tu

itio

n, $

54

Tu

itio

n, $

77

Millio

n

Fiscal Year

65%

35%

62%

38%

49% 51%

Videos