Current Issues in Higher Education Council on Undergraduate Research Terry Hartle
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Current Issues in Higher Education Council on Undergraduate Research Terry Hartle February 23, 2012
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Current Issues in Higher Education Council on Undergraduate Research Terry Hartle February 23, 2012. Federal Policy/Higher Education in the Last Decade. Enrollment up Federal student aid increasing Price of college up Student debt up Loan defaults starting to increase - PowerPoint PPT Presentation
Transcript of Current Issues in Higher Education Council on Undergraduate Research Terry Hartle
Current Issues in Higher Education
Council on Undergraduate Research
Terry HartleFebruary 23, 2012
Federal Policy/Higher Education in the Last Decade
• Enrollment up
• Federal student aid increasing
• Price of college up
• Student debt up
• Loan defaults starting to increase
• Graduation rates flat
• Government regulation way up
Enrollment
Public, 2-yr, 49%
Public, 4-yr24%
Private, 4-yr, 31%
0%
10%
20%
30%
40%
50%
99-00 '01-'02 '03-'04 '05-'06 '07-'08 '09-'10
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Total Federal Loan and Pell Grant Dollars
$138.8
$52.4
$40
$50
$60
$70
$80
$90
$100
$110
$120
$130
$140
99-00 '01-'02 '03-'04 '05-'06 '07-'08 '09-'10
Bil
lio
ns
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Price of College
Public, 2-yr
Public, 4-yr
Private, 4-yr
For-profit
Health insurance
Median Income
New Car
Prescription Drugs
Medical Care
Housing-10%
10%
30%
50%
70%
90%
99-00 '01-'02 '03-'04 '05-'06 '07-'08 '09-'10
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Cumulative Debt
$22,600
Average Debt Per Borrower (Private),
$28,100
$19,800
Average Debt Per Borrower (Public),
$22,000
$15,000
$20,000
$25,000
$30,000
99-00 '01-'02 '03-'04 '05-'06 '07-'08 '09-'10
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11.9%
8.8%
5.2%4.6% 4.5%
3.7%
15.0%
9.3%
8.8%
5.6%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
Co
ho
rt D
efa
ult
Ra
te
Public 2-yr Public 4-yr Private 4-yr For-Profit Overall
Default Rates Rising
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Graduation Rates
52%Public, 4-yr, 53%
63%Private, 4-yr, 64%
50%
70%
90%
'00-'01 '01-'02 '02-'03 '03-'04 '04-'05 '05-'06 '06-'07 '07-'08
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Government Regulation Way Up
• 150 + new regulations in 2008 reauthorization
• Obama Administration
• HR 2117
FY 2013 Budget Proposals for Postsecondary Education
• Community College/Business partnerships to train 2 million skilled workers
• Race to the Top
• First in the World fund
• New formula for campus-based aid
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FY 2013 Budget Proposals for Postsecondary Education
• Better data for families
• Student loan interest rate
• Make AOTC permanent
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Looming Pell Grant Issue
FY 2014 Shortfall
– Estimated shortfall of $8 billion
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