intro opportunity for higher education in a perfect storm the inter-ivy, first generation college...

62
Intro Opportunity for Higher Education in a Perfect Storm The Inter-Ivy, First Generation College Student Network Brown University Providence, Rhode Island February 28, 2015 Tom Mortenson Senior Scholar, The Pell Institute for the Study of Opportunity in Higher Education Higher Education Policy Analyst, Postsecondary Education OPPORTUNITY

Upload: cynthia-mckinney

Post on 02-Jan-2016

215 views

Category:

Documents


0 download

TRANSCRIPT

Intro

Opportunity for Higher Educationin a Perfect Storm

The Inter-Ivy, First Generation College Student NetworkBrown University

Providence, Rhode IslandFebruary 28, 2015

Tom MortensonSenior Scholar,

The Pell Institute for the Study of Opportunity in Higher EducationHigher Education Policy Analyst,

Postsecondary Education OPPORTUNITY

The Perfect Storm

• Reality versus Policy

• Demographics

• Labor Markets

• State Policy Choices

• Federal Policy Choices

• Consequences for (some) students

• Is this class warfare?

The Perfect Storm

Realities:

• Stages of economic development:• Primary: agriculture, natural resources

• Secondary: manufacturing

• Tertiary: human capital

• Dynamic demography• Shrinking white/growing minority populations

• Growing shares of poor children in K-12 and higher education

• Aging population, living longer

• Globalization

The Perfect Storm

Federal policy choices:

• Progressive policy era: 1862 to 1980• 1862: Morrill Land Grant Act

• 1895: Second Morrill Land Grant Act

• 1944: Servicemen’s Readjustment Act

• 1957: National Defense Education Act

• 1965: Higher Education Act

• 1972: Pell Grant program

• 1978: Middle Income Student Assistance Act

• Regressive policy era: 1980 to present• 1981, 1982, 1994: Pell Grant maximum award reduced

• 1987: Federal aid moves away from need-based grants

• Aging population, living longer

The Perfect Storm

State policy choices:

• Progressive policy era: to 1980• Universal K-12 education

• State teachers’ colleges

• Junior colleges

• Need-based grant aid

• Increased funding efforts for higher education

• Regressive policy era: 1980 to present• Cutbacks in state appropriations efforts

• Colleges and universities raise tuition charges to students

• Growth in merit based scholarship programs

The Perfect Storm

Institutional policy choices:

• Progressive policy era: to 1980• Universal K-12 education

• State teachers’ colleges

• Junior colleges

• Need-based grant aid

• Increased funding efforts for higher education

• Regressive policy era: 1980 to present• Enrollment management

• Prestige race (U.S. News)

• Revenue replacement: full pay versus institutional aid, non- residents versus state residents

• Research versus instruction in public 4-year institutions

The Perfect Storm

• Reality versus Policy

• Demographics

• Labor Markets

• State Policy Choices

• Federal Policy Choices

• Consequences for (some) students

• Is this class warfare?

K-12 School Lunch Program

Low Income Student Shares of Total

The Perfect Storm

• Reality versus Policy

• Demographics

• Labor Markets

• State Policy Choices

• Federal Policy Choices

• Consequences for (some) students

• Is this class warfare?

The Perfect Storm

• Reality versus Policy

• Demographics

• Labor Markets

• State Policy Choices

• Federal Policy Choices

• Consequences for (some) students

• Is this class warfare?

Need-Based Grant Share of State Student Financial Aid

The Perfect Storm

• Reality versus Policy

• Demographics

• Labor Markets

• State Policy Choices

• Federal Policy Choices

• Consequences for (some) students

• Is this class warfare?

Need-Based Share of Federal Student Financial Aid

Purchasing Power of Pell Grant

The Perfect Storm

• Reality versus Policy

• Demographics

• Labor Markets

• State Policy Choices

• Federal Policy Choices

• Consequences for (some) students

• Is this class warfare?

Pell Grant Shares in 4-Year & 2-Year

Tertiary Type-A Degree Attain 25-34 yr olds OECD 2003

Projected Tertiary Type-A Degree attain OECD 2020

The Perfect Storm

• Reality versus Policy

• Demographics

• Labor Markets

• State Policy Choices

• Federal Policy Choices

• Consequences for (some) students

• Is this class warfare?

Download this PowerPoint from:

www.postsecondary.org

Email to request PowerPoint from:

[email protected]

Contact Information:

Financial Need Analysis ModelCost of Attendance

Tuition and fees

Room and board

Books and supplies

Personal and medical care

Transportation

Less: Expected family contributionIncome and assets

Family size

Number of children enrolled in college

Equals: Financial needGift aid: grants, scholarships, waivers

Earnings from work/study

Education loans: subsidized/unsubsidized Stafford, PLUS

Federal tax credits

Financial Resources & Barriers

Mean Unmet Financial Need by Quartiles

Mean Student W/L Burden

Mean Net Price to Family

Mean Net to Family as a % of Parents’ Income