Transcript PPT 14 - Talent Dividend

The Higher Education
Challenge
•Lee Holcombe
•Higher Education Policy Institute
•www.highereducationpolicyinstitute.org
Texas remains on track to meet statewide
Participation goal
700,000
Total Increase in Enrollments at Public
and Independent Colleges and
Universities
600,000
Goal:
630,000
538,892
2000-2011
500,000
400,000
300,000
200,000
Actual
Target
100,000
0
2015
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
Texas is on track for meeting statewide
Success goal
Total Annual Undergraduate Degrees and
Certificates
200,000
Goal:
210,000
186,895
150,000
100,000
50,000
Target
Actual
0
2000
2005
2011
2015
Texas lags behind nation and key global
competitors in educational attainment
55 to 64
31.8
34.1
32.9
35.1
32.3
14.9
15.1
20.2
22.2
18.0
28.7
41.1
43.1
39.9
40.8
43.2
38.9
27.4
25.8
9.8
13.2
20.0
45 to 54
34.1
40.0
30.0
35 to 44
44.9
48.7
44.7
40.7
44.3
50.0
45.1
60.0
25 to 34
55.7
56.1
55.7
63.1
70.0
10.0
Percent of Adults with an Associate Degree or Higher by Age
Group – Texas, Mexico, U.S. & Select OECD Countries, 2009
0.0
Korea
Canada
Japan
United
Kingdom
France
United
States
Mexico
Texas
30,000.0
1995
Cost per student (US $)
25,000.0
20,000.0
United States
Finland
15,000.0
10,000.0
5,000.0
0.0
0
10
20
30
Tertiary-type A graduation rate
Source: Andreas Schleicher, OECD
40
50
Graduate supply
60
70
30,000.0
2008
Cost per student (US $)
25,000.0
Finland
20,000.0
15,000.0
10,000.0
5,000.0
0.0
0
10
20
Tertiary-type A graduation rate
Source: Andreas Schleicher, OECD
30
40
50
Graduate supply
60
70
0
West Virginia
Vermont
Kentucky
Tennessee
Florida
Alabama
Oklahoma
Arkansas
Ohio
Missouri
Hawaii
Indiana
Montana
Maine
Louisiana
Mississippi
Georgia
Michigan
Maryland
North Dakota
Nevada
Wyoming
North Carolina
Pennsylvania
South Carolina
Alaska
New Mexico
Washington
New Hampshire
United States
Virginia
Oregon
Wisconsin
Delaware
Arizona
South Dakota
Kansas
Texas
Idaho
Utah
New York
Massachusetts
New Jersey
Iowa
Rhode Island
Illinois
Connecticut
Minnesota
Colorado
California
Nebraska
5.2
30
25
20
15
10.2
12.5
13.0
13.1
13.2
13.6
14.5
14.8
15.2
16.6
16.9
17.0
17.4
17.4
17.8
18.7
19.8
21.1
21.1
21.8
21.8
21.8
22.2
22.2
22.3
23.2
23.2
23.2
23.3
23.5
24.3
24.3
24.5
25.4
25.8
26.1
26.2
26.6
27.5
27.6
28.7
29.1
29.8
29.8
30.3
30.6
30.7
40
35
38.4
Difference in College Attainment Between
Whites and Minorities,* 2009
33.3
34.0
45
10
5
* Minorities include African-American, Hispanic, and Native American
Source: U.S. Census Bureau, 2009 ACS (PUMS)
Change in State Revenues and State Expenditures as a Result of Not
Improving Educational Attainment Among Black and Hispanics
(Year 2030 Estimates)
$1,000,000,000
575,664,605
$500,000,000
254,512,050
$0
-$500,000,000
-690,737,473
-$1,000,000,000
-1,335,450,668
-$1,500,000,000
Sales Tax Revenues
Property Tax
Revenues
Medicaid
Expenditures
Corrections
Expenditures
Sources: Texas State Data Center, 2009 American Community Survey (PUMS), 2008-10 Current Population Survey (PUMS)
To remain globally competitive, Texas will need an
additional 4.1 million associate &
bachelor’s degrees by the year 2030 to reach
the internationally accepted goal of 60% of the
workforce with higher education attainment.
– Texas Business Leadership Council
• 1,858,399: Maintain recent growth in degree production
• 1,602,363: Maintain recent rates of in-migration of college education
residents
• 600,183: Award additional degrees to non-traditionally aged students