State Budgets for Colleges And College Prices

1
State Budgets for CollegesAnd College
Prices Observations from the SREB Fact
Book Presented to the Maryland House Ways and
Means Committee Annapolis, MD February 3, 2004
1
2
State appropriations for operating expenses
related to higher education in Maryland ended a
10 year rise in fiscal 2003.
2
3
State Appropriations for OperatingExpenses
Related to Higher Education(not adjusted for
inflation)
SREB States
206
United States
150
Maryland
139
100
Source SREB Fact Book Table 77 Grapevine.
3
4
After adjusting for inflation, in Maryland for
fiscal 2004, there is 85 for every 100
appropriated in 1990.
4
5
State Appropriations for OperatingExpenses
Related to Higher Education(adjusted for
inflation)
SREB States
102
100
United States
94
Maryland
85
Source SREB Fact Book Table 77 Grapevine.
5
6
Looking more narrowly at funding for operating
expenses at public campuses, funding grew from
2001 through 2003.
6
7
Public Funding Increases 2001 to 2003 Public
Four-Year Colleges (not adjusted for inflation)
2.5 million
697.2 million
SREB
102.3 million
559.0 million
Maryland
104.8 million
1.3 billion
Source SREB Fact Book Table 72 SREB-State Data
Exchange.
7
8
Public Funding Increases 2001 to 2003 Public
Four-Year Colleges (not adjusted for inflation)
2.5 million
2003 697.2 million
SREB
102.3 million
559.0 million
Maryland
104.8 million
1.3 billion
Source SREB Fact Book Table 72 SREB-State Data
Exchange.
7
9
Public Funding Increases 2001 to 2003 Public
Four-Year Colleges (not adjusted for inflation)
2.5 million
2003 697.2 million
SREB
102.3 million
559.0 million
Maryland
104.8 million
1.3 billion
Source SREB Fact Book Table 72 SREB-State Data
Exchange.
7
10
Public Funding Increases 2001 to 2003 Public
Four-Year Colleges (not adjusted for inflation)
2.5 million
2003 697.2 million
SREB
102.3 million
559.0 million
Maryland
104.8 million
1.3 billion
Source SREB Fact Book Table 72 SREB-State Data
Exchange.
7
11
When enrollment growth is factored in,
per-student funding rose less than 300.
8
12
Changes in Funding Per-FTE 2001 to 2003 Public
Four-Year Colleges (changes not adjusted for
inflation)
-524
2003 8,034
SREB
815
6,441
Maryland
292
14,475
Source SREB Fact Book Table 72 SREB-State Data
Exchange.
9
13
When inflation is taken into account, per-student
funding was lower in 2003 than in 2001.
10
14
Changes in Funding Per-FTE 2001 to 2003 Public
Four-Year Colleges (adjusted for inflation)
-1,072
2003 8,034
SREB
Maryland
455
6,441
-618
14,475
Source SREB Fact Book Table 72 SREB-State Data
Exchange.
11
15
State appropriations and tuition and fees
revenues are approaching each other as shares of
college budgets.
12
16
Public University Budget Sources
SREB
State Appropriations
Maryland
Tuition and Fees
SREB
Source SREB Fact Book Table 79 NCES.
13
17
The costs of college for students and their
families are increasing.
14
18
Tuition and Fee Increases 1998 to 2003 In-State
Undergraduates, Public Colleges(adjusted for
inflation)
Maryland
SREB States
United States
Source SREB Fact Book Tables 52 and 53
SREB-State Data Exchange and NCES.
15
19
Tuition and Fee Increases 1998 to 2003 In-State
Undergraduates, Public Colleges(adjusted for
inflation)
MD 4,974
SREB 3,253
U.S.3,728
Source SREB Fact Book Tables 52 and 53
SREB-State Data Exchange and NCES.
15
20
Tuition and Fee Increases 1998 to 2003 In-State
Undergraduates, Public Colleges(adjusted for
inflation)
MD 4,974
SREB 3,253
U.S.3,728
MD 2,553
SREB 1,488
U.S.1,952
Source SREB Fact Book Tables 52 and 53
SREB-State Data Exchange and NCES.
15
21
Tuition and Fees In Maryland as a Percent of
U.S. Median
Public Two-Year Colleges
Public Four-Year Colleges
Source SREB Fact Book Tables 52 and 53
SREB-State Data Exchange and NCES.
17
22
Per-Capita Incomeas a Percent of U.S. Average
Maryland
SREB states
Source SREB Fact Book Table 5 U.S. Bureau of
Economic Analysis.
18
23
Going to college must be affordable for more
students...
19
24
because population growth and economic
conditionsmean that demand for higher education
is strong.
20
25
Projected Public High School Graduates in Maryland
Source SREB Fact Book Table 8 NCES.
21
26
Changes in College Enrollment 1994 to 2000
Total
Black
10,700 now 26 of total
White
-19,700 still 63 of total
Source SREB Fact Book Tables 21, 33, 34 NCES.
22
27
Changes in College Enrollment 1994 to 2000
Total
Black
10,700 26 of total in 2000
White
-19,700 still 63 of total
Source SREB Fact Book Tables 21, 33, 34 NCES.
22
28
Changes in College Enrollment 1994 to 2000
Total
Black
10,700 26 of total in 2000
White
-19,700 63 of total in 2000
Source SREB Fact Book Tables 21, 33, 34 NCES.
22
29
Demand for higher education could be and should
be even higher.
23
30
Adults with a College Education
Maryland
United States
Source SREB Fact Book Table 4 U.S. Bureau of
the Census.
24
31
And diversity among graduates could be and
should be even greater.
25
32
Adults with Bachelors or Higher Degrees in 2000
White
Black
Hispanic
Source SREB Fact Book Table 6 U.S. Bureau of
the Census.
26
33
Going to college must be affordablefor more
students from less advantaged backgrounds.
27
34
Percentages of Family Income Required to Pay
Annual Tuition and Fees (lowest fifth of family
incomes)
Four-Year College 2002
1997
Two-Year 2002
1997
Source SREB Fact Book Table 51 SREB-State Data
Exchange and NCES.
28
35
Percent of First-Time Freshmen Receiving Student
Financial Aid, Public Colleges, 2001
White
Black
Four-Year Colleges Universities
Hispanic
Two-Year Colleges
Source SREB Fact Book Tables 54 and 59 U.S.
Bureau of the Census.
29
36
For further information contact Joe.Marks_at_SREB
.org 404-875-9211
30