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Spending per student in Tertiary Education, 2003 Annual expenditure on educational institutions per student in tertiary education

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US Increasingly Lagging OECD in College Attainment

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Tertiary 5a Graduation Rates

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-5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 1990199119921993199419951996199719981999200020012002200320042005 Family Resources Student Debt Tuition and Fees Financial Need Cumulative Growth in Family Resources, Tuition, Financial Need and Student Debt for Median Income Family Attending a Private College or University A Burgeoning Affordability Gap being met through loans

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6 In an arms race, there is a lot of action, a lot of spending, a lot of worry, but if its a successful arms race, nothing much changes. The essence of an arms race is positionhow a country or university stands relative to others. No single institution alone can safely quit the race, even though all institutions, together, would be better off if everyone did. Unilateral disarmament will swiftly be punished by loss of position and increased vulnerability. (Winston, 2003) The academic arms race

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Research Private Research Public Masters Public Masters Private Bachelors Private Bachelors Public Cumulative Growth in Educational Cost per Degree Conferred by Broad Carnegie Classification and Control in 2005 CPI Adjusted Dollars

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Changes in Total E&G Spending/FTE Student*19872005 Average Annual % change 1987-2005 Public 4- yearMean7298144835.50% Median465292935.50% Private 4- yearMean8045209358.90% Median5835159659.50% 2-yearMean392976755.20% Median354270085.40%