Facilities Forum State-by-State Analysis of Demographics, Affordability, and Appropriations.

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Presentation transcript:

Facilities Forum State-by-State Analysis of Demographics, Affordability, and Appropriations

Demographic Change Overview: Alabama Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Alabama Number of East South Central Region1 Households By Income Segment (Thousands), 2015 Average Alabama University Net Price as a Percent of Alabama Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 33% Public 42% Alabama Median Household Income, 2014 Data Source: U.S. Census Private $42,278 East South Central region includes Alabama, Kentucky, Mississippi, and Tennessee. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Alabama Educational Appropriations per Student FTE, Alabama Net Tuition as a Percentage of Total Educational Revenues, Alabama Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Alaska Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Alaska Number of Pacific Region1 Households By Income Segment (Thousands), 2015 Average Alaska University Net Price as a Percent of Alaska Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 14% Public 25% Alaska Median Household Income, 2014 Data Source: U.S. Census Private $67,629 Pacific region includes Alaska, California, Hawaii, Oregon, and Washington. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Alaska Educational Appropriations per Student FTE, Alaska Net Tuition as a Percentage of Total Educational Revenues, Alaska Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Arizona Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Arizona Number of Mountain Region1 Households By Income Segment (Thousands), 2015 Average Arizona University Net Price as a Percent of Arizona Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 22% Public 35% Arizona Median Household Income, 2014 Data Source: U.S. Census Private $49,254 Mountain region includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Arizona Educational Appropriations per Student FTE, Arizona Net Tuition as a Percentage of Total Educational Revenues, Arizona Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Arkansas Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Arkansas Number of West South Central Region1 Households By Income Segment (Thousands), 2015 Average Arkansas University Net Price as a Percent of Arkansas Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 30% Public 53% Arkansas Median Household Income, 2014 Data Source: U.S. Census Private $44,922 West South Central region includes Arkansas, Louisiana, Oklahoma, and Texas. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Arkansas Educational Appropriations per Student FTE, Arkansas Net Tuition as a Percentage of Total Educational Revenues, Arkansas Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: California Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: California Number of Pacific Region1 Households By Income Segment (Thousands), 2015 Average California University Net Price as a Percent of California Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 20% Public 44% California Median Household Income, 2014 Data Source: U.S. Census Private $60,487 Pacific region includes Alaska, California, Hawaii, Oregon, and Washington. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: California Educational Appropriations per Student FTE, California Net Tuition as a Percentage of Total Educational Revenues, California Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Colorado Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Colorado Number of Mountain Region1 Households By Income Segment (Thousands), 2015 Average Colorado University Net Price as a Percent of Colorado Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 24% Public 42% Colorado Median Household Income, 2014 Data Source: U.S. Census Private $60,940 Mountain region includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Colorado Educational Appropriations per Student FTE, Colorado Net Tuition as a Percentage of Total Educational Revenues, Colorado Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Connecticut Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Connecticut Number of New England Region1 Households By Income Segment (Thousands), 2015 Average Connecticut University Net Price as a Percent of Connecticut Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 23% Public 38% Connecticut Median Household Income, 2014 Data Source: U.S. Census Private $70,161 New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Connecticut Educational Appropriations per Student FTE, Connecticut Net Tuition as a Percentage of Total Educational Revenues, Connecticut Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Delaware Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Delaware Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average Delaware University Net Price as a Percent of Delaware Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 31% Public 46% Delaware Median Household Income, 2014 Data Source: U.S. Census Private $57,522 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Delaware Educational Appropriations per Student FTE, Delaware Net Tuition as a Percentage of Total Educational Revenues, Delaware Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: District of Columbia Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: District of Columbia Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average District of Columbia University Net Price as a Percent of District of Columbia Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 21% Public 25% District of Columbia Median Household Income, 2014 Data Source: U.S. Census Private $68,227 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: District of Columbia Educational Appropriations per Student FTE, District of Columbia Net Tuition as a Percentage of Total Educational Revenues, District of Columbia Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Florida Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Florida Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average Florida University Net Price as a Percent of Florida Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 22% Public 48% Florida Median Household Income, 2014 Data Source: U.S. Census Private $46,140 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Florida Educational Appropriations per Student FTE, Florida Net Tuition as a Percentage of Total Educational Revenues, Florida Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Georgia Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Georgia Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average Georgia University Net Price as a Percent of Georgia Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 25% Public 40% Georgia Median Household Income, 2014 Data Source: U.S. Census Private $49,555 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Georgia Educational Appropriations per Student FTE, Georgia Net Tuition as a Percentage of Total Educational Revenues, Georgia Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Hawaii Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Hawaii Number of Pacific Region1 Households By Income Segment (Thousands), 2015 Average Hawaii University Net Price as a Percent of Hawaii Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 14% Public 27% Hawaii Median Household Income, 2014 Data Source: U.S. Census Private $71,223 Pacific region includes Alaska, California, Hawaii, Oregon, and Washington. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Hawaii Educational Appropriations per Student FTE, Hawaii Net Tuition as a Percentage of Total Educational Revenues, Hawaii Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Idaho Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Idaho Number of Mountain Region1 Households By Income Segment (Thousands), 2015 Average Idaho University Net Price as a Percent of Idaho Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 27% Public 39% Idaho Median Household Income, 2014 Data Source: U.S. Census Private $53,438 Mountain region includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Idaho Educational Appropriations per Student FTE, Idaho Net Tuition as a Percentage of Total Educational Revenues, Idaho Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Illinois Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Illinois Number of East North Central Region1 Households By Income Segment (Thousands), 2015 Average Illinois University Net Price as a Percent of Illinois Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 24% Public 36% Illinois Median Household Income, 2014 Data Source: U.S. Census Private $54,916 East North Central region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Illinois Educational Appropriations per Student FTE, Illinois Net Tuition as a Percentage of Total Educational Revenues, Illinois Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Data for Illinois is currently unavailable Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Indiana Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Indiana Number of East North Central Region1 Households By Income Segment (Thousands), 2015 Average Indiana University Net Price as a Percent of Indiana Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 32% Public 46% Indiana Median Household Income, 2014 Data Source: U.S. Census Private $48,060 East North Central region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Indiana Educational Appropriations per Student FTE, Indiana Net Tuition as a Percentage of Total Educational Revenues, Indiana Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Iowa Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Iowa Number of West North Central Region1 Households By Income Segment (Thousands), 2015 Average Iowa University Net Price as a Percent of Iowa Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 18% Public 38% Iowa Median Household Income, 2014 Data Source: U.S. Census Private $57,810 West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Iowa Educational Appropriations per Student FTE, Iowa Net Tuition as a Percentage of Total Educational Revenues, Iowa Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Kansas Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Kansas Number of West North Central Region1 Households By Income Segment (Thousands), 2015 Average Kansas University Net Price as a Percent of Kansas Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 26% Public 37% Kansas Median Household Income, 2014 Data Source: U.S. Census Private $53,444 West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Kansas Educational Appropriations per Student FTE, Kansas Net Tuition as a Percentage of Total Educational Revenues, Kansas Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Kentucky Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Kentucky Number of East South Central Region1 Households By Income Segment (Thousands), 2015 Average Kentucky University Net Price as a Percent of Kentucky Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 28% Public 39% Kentucky Median Household Income, 2014 Data Source: U.S. Census Private $42,786 East South Central region includes Alabama, Kentucky, Mississippi, and Tennessee. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Kentucky Educational Appropriations per Student FTE, Kentucky Net Tuition as a Percentage of Total Educational Revenues, Kentucky Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Louisiana Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Louisiana Number of West South Central Region1 Households By Income Segment (Thousands), 2015 Average Louisiana University Net Price as a Percent of Louisiana Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 23% Public 47% Louisiana Median Household Income, 2014 Data Source: U.S. Census Private $42,406 West South Central region includes Arkansas, Louisiana, Oklahoma, and Texas. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Louisiana Educational Appropriations per Student FTE, Louisiana Net Tuition as a Percentage of Total Educational Revenues, Louisiana Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Maine Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Maine Number of New England Region1 Households By Income Segment (Thousands), 2015 Average Maine University Net Price as a Percent of Maine Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 30% Public 55% Maine Median Household Income, 2014 Data Source: U.S. Census Private $51,710 New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Maine Educational Appropriations per Student FTE, Maine Net Tuition as a Percentage of Total Educational Revenues, Maine Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Maryland Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Maryland Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average Maryland University Net Price as a Percent of Maryland Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 19% Public 31% Maryland Median Household Income, 2014 Data Source: U.S. Census Private $76,165 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Maryland Educational Appropriations per Student FTE, Maryland Net Tuition as a Percentage of Total Educational Revenues, Maryland Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Massachusetts Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Massachusetts Number of New England Region1 Households By Income Segment (Thousands), 2015 Average Massachusetts University Net Price as a Percent of Massachusetts Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 22% Public 39% Massachusetts Median Household Income, 2014 Data Source: U.S. Census Private $63,151 New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Massachusetts Educational Appropriations per Student FTE, Massachusetts Net Tuition as a Percentage of Total Educational Revenues, Massachusetts Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Michigan Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Michigan Number of East North Central Region1 Households By Income Segment (Thousands), 2015 Average Michigan University Net Price as a Percent of Michigan Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 26% Public 38% Michigan Median Household Income, 2014 Data Source: U.S. Census Private $52,005 East North Central region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Michigan Educational Appropriations per Student FTE, Michigan Net Tuition as a Percentage of Total Educational Revenues, Michigan Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Minnesota Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Minnesota Number of West North Central Region1 Households By Income Segment (Thousands), 2015 Average Minnesota University Net Price as a Percent of Minnesota Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 22% Public 35% Minnesota Median Household Income, 2014 Data Source: U.S. Census Private $67,244 West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Minnesota Educational Appropriations per Student FTE, Minnesota Net Tuition as a Percentage of Total Educational Revenues, Minnesota Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Mississippi Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Mississippi Number of East South Central Region1 Households By Income Segment (Thousands), 2015 Average Mississippi University Net Price as a Percent of Mississippi Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 33% Public 56% Mississippi Median Household Income, 2014 Data Source: U.S. Census Private $35,521 East South Central region includes Alabama, Kentucky, Mississippi, and Tennessee. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Mississippi Educational Appropriations per Student FTE, Mississippi Net Tuition as a Percentage of Total Educational Revenues, Mississippi Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Missouri Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Missouri Number of West North Central Region1 Households By Income Segment (Thousands), 2015 Average Missouri University Net Price as a Percent of Missouri Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 22% Public 24% Missouri Median Household Income, 2014 Data Source: U.S. Census Private $56,630 West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Missouri Educational Appropriations per Student FTE, Missouri Net Tuition as a Percentage of Total Educational Revenues, Missouri Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Montana Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Montana Number of Mountain Region1 Households By Income Segment (Thousands), 2015 Average Montana University Net Price as a Percent of Montana Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 23% Public 39% Montana Median Household Income, 2014 Data Source: U.S. Census Private $51,102 Mountain region includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Montana Educational Appropriations per Student FTE, Montana Net Tuition as a Percentage of Total Educational Revenues, Montana Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Nebraska Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Nebraska Number of West North Central Region1 Households By Income Segment (Thousands), 2015 Average Nebraska University Net Price as a Percent of Nebraska Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 18% Public 35% Nebraska Median Household Income, 2014 Data Source: U.S. Census Private $56,870 West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Nebraska Educational Appropriations per Student FTE, Nebraska Net Tuition as a Percentage of Total Educational Revenues, Nebraska Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Nevada Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Nevada Number of Mountain Region1 Households By Income Segment (Thousands), 2015 Average Nevada University Net Price as a Percent of Nevada Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 26% Public 31% Nevada Median Household Income, 2014 Data Source: U.S. Census Private $49, 875 Mountain region includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Nevada Educational Appropriations per Student FTE, Nevada Net Tuition as a Percentage of Total Educational Revenues, Nevada Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: New Hampshire Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: New Hampshire Number of New England Region1 Households By Income Segment (Thousands), 2015 Average New Hampshire University Net Price as a Percent of New Hampshire Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 17% Public 26% New Hampshire Median Household Income, 2014 Data Source: U.S. Census Private $73,397 New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: New Hampshire Educational Appropriations per Student FTE, New Hampshire Net Tuition as a Percentage of Total Educational Revenues, New Hampshire Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: New Jersey Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: New Jersey Number of Middle Atlantic Region1 Households By Income Segment (Thousands), 2015 Average New Jersey University Net Price as a Percent of New Jersey Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 28% Public 39% New Jersey Median Household Income, 2014 Data Source: U.S. Census Private $65,243 Middle Atlantic region includes New Jersey, New York, and Pennsylvania. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: New Jersey Educational Appropriations per Student FTE, New Jersey Net Tuition as a Percentage of Total Educational Revenues, New Jersey Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: New Mexico Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: New Mexico Number of Mountain Region1 Households By Income Segment (Thousands), 2015 Average New Mexico University Net Price as a Percent of New Mexico Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 32% Public 39% New Mexico Median Household Income, 2014 Data Source: U.S. Census Private $46,686 Mountain region includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: New Mexico Educational Appropriations per Student FTE, New Mexico Net Tuition as a Percentage of Total Educational Revenues, New Mexico Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: New York Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: New York Number of Middle Atlantic Region1 Households By Income Segment (Thousands), 2015 Average New York University Net Price as a Percent of New York Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 19% Public 41% New York Median Household Income, 2014 Data Source: U.S. Census Private $54,310 Middle Atlantic region includes New Jersey, New York, and Pennsylvania. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: New York Educational Appropriations per Student FTE, New York Net Tuition as a Percentage of Total Educational Revenues, New York Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: North Carolina Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: North Carolina Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average North Carolina University Net Price as a Percent of North Carolina Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 27% Public 59% North Carolina Median Household Income, 2014 Data Source: U.S. Census Private $46,784 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: North Carolina Educational Appropriations per Student FTE, North Carolina Net Tuition as a Percentage of Total Educational Revenues, North Carolina Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: North Dakota Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: North Dakota Number of West North Central Region1 Households By Income Segment (Thousands), 2015 Average North Dakota University Net Price as a Percent of North Dakota Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 21% Public 34% North Dakota Median Household Income, 2014 Data Source: U.S. Census Private $60,730 West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: North Dakota Educational Appropriations per Student FTE, North Dakota Net Tuition as a Percentage of Total Educational Revenues, North Dakota Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Ohio Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Ohio Number of East North Central Region1 Households By Income Segment (Thousands), 2015 Average Ohio University Net Price as a Percent of Ohio Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 28% Public 45% Ohio Median Household Income, 2014 Data Source: U.S. Census Private $49,644 East North Central region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Ohio Educational Appropriations per Student FTE, Ohio Net Tuition as a Percentage of Total Educational Revenues, Ohio Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Oklahoma Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Oklahoma Number of West South Central Region1 Households By Income Segment (Thousands), 2015 Average Oklahoma University Net Price as a Percent of Oklahoma Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 23% Public 41% Oklahoma Median Household Income, 2014 Data Source: U.S. Census Private $47,199 West South Central region includes Arkansas, Louisiana, Oklahoma, and Texas. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Oklahoma Educational Appropriations per Student FTE, Oklahoma Net Tuition as a Percentage of Total Educational Revenues, Oklahoma Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Oregon Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Oregon Number of Pacific Region1 Households By Income Segment (Thousands), 2015 Average Oregon University Net Price as a Percent of Oregon Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 26% Public 43% Oregon Median Household Income, 2014 Data Source: U.S. Census Private $58,875 Pacific region includes Alaska, California, Hawaii, Oregon, and Washington. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Oregon Educational Appropriations per Student FTE, Oregon Net Tuition as a Percentage of Total Educational Revenues, Oregon Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Pennsylvania Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Pennsylvania Number of Middle Atlantic Region1 Households By Income Segment (Thousands), 2015 Average Pennsylvania University Net Price as a Percent of Pennsylvania Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 31% Public 45% Pennsylvania Median Household Income, 2014 Data Source: U.S. Census Private $55,173 Middle Atlantic region includes New Jersey, New York, and Pennsylvania. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Pennsylvania Educational Appropriations per Student FTE, Pennsylvania Net Tuition as a Percentage of Total Educational Revenues, Pennsylvania Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Rhode Island Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Rhode Island Number of New England Region1 Households By Income Segment (Thousands), 2015 Average Rhode Island University Net Price as a Percent of Rhode Island Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 23% Public 53% Rhode Island Median Household Income, 2014 Data Source: U.S. Census Private $58,633 New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Rhode Island Educational Appropriations per Student FTE, Rhode Island Net Tuition as a Percentage of Total Educational Revenues, Rhode Island Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: South Carolina Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: South Carolina Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average South Carolina University Net Price as a Percent of South Carolina Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 35% Public 40% South Carolina Median Household Income, 2014 Data Source: U.S. Census Private $44,929 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: South Carolina Educational Appropriations per Student FTE, South Carolina Net Tuition as a Percentage of Total Educational Revenues, South Carolina Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: South Dakota Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: South Dakota Number of West North Central Region1 Households By Income Segment (Thousands), 2015 Average South Dakota University Net Price as a Percent of South Dakota Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 31% Public 38% South Dakota Median Household Income, 2014 Data Source: U.S. Census Private $53,053 West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: South Dakota Educational Appropriations per Student FTE, South Dakota Net Tuition as a Percentage of Total Educational Revenues, South Dakota Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Tennessee Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Tennessee Number of East South Central Region1 Households By Income Segment (Thousands), 2015 Average Tennessee University Net Price as a Percent of Tennessee Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 30% Public 42% Tennessee Median Household Income, 2014 Data Source: U.S. Census Private $43,716 East South Central region includes Alabama, Kentucky, Mississippi, and Tennessee. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Tennessee Educational Appropriations per Student FTE, Tennessee Net Tuition as a Percentage of Total Educational Revenues, Tennessee Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Texas Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Texas Number of West South Central Region1 Households By Income Segment (Thousands), 2015 Average Texas University Net Price as a Percent of Texas Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 20% Public 39% Texas Median Household Income, 2014 Data Source: U.S. Census Private $53,875 West South Central region includes Arkansas, Louisiana, Oklahoma, and Texas. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Texas Educational Appropriations per Student FTE, Texas Net Tuition as a Percentage of Total Educational Revenues, Texas Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Utah Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Utah Number of Mountain Region1 Households By Income Segment (Thousands), 2015 Average Utah University Net Price as a Percent of Utah Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 18% Public 34% Utah Median Household Income, 2014 Data Source: U.S. Census Private $63,383 Mountain region includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Utah Educational Appropriations per Student FTE, Utah Net Tuition as a Percentage of Total Educational Revenues, Utah Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Vermont Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Vermont Number of New England Region1 Households By Income Segment (Thousands), 2015 Average Vermont University Net Price as a Percent of Vermont Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 27% Public 36% Vermont Median Household Income, 2014 Data Source: U.S. Census Private $60,708 New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Vermont Educational Appropriations per Student FTE, Vermont Net Tuition as a Percentage of Total Educational Revenues, Vermont Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Virginia Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Virginia Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average Virginia University Net Price as a Percent of Virginia Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 24% Public 38% Virginia Median Household Income, 2014 Data Source: U.S. Census Private $66,155 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Virginia Educational Appropriations per Student FTE, Virginia Net Tuition as a Percentage of Total Educational Revenues, Virginia Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Washington Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Washington Number of Pacific Region1 Households By Income Segment (Thousands), 2015 Average Washington University Net Price as a Percent of Washington Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 22% Public 45% Washington Median Household Income, 2014 Data Source: U.S. Census Private $59,068 Pacific region includes Alaska, California, Hawaii, Oregon, and Washington. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Washington Educational Appropriations per Student FTE, Washington Net Tuition as a Percentage of Total Educational Revenues, Washington Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: West Virginia Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2016-2031 2005-2015 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: West Virginia Number of South Atlantic Region1 Households By Income Segment (Thousands), 2015 Average West Virginia University Net Price as a Percent of West Virginia Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 32% Public 57% West Virginia Median Household Income, 2014 Data Source: U.S. Census Private $39,552 South Atlantic region includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: West Virginia Educational Appropriations per Student FTE, West Virginia Net Tuition as a Percentage of Total Educational Revenues, West Virginia Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Wisconsin Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Wisconsin Number of East North Central Region1 Households By Income Segment (Thousands), 2015 Average Wisconsin University Net Price as a Percent of Wisconsin Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 16% Public 31% Wisconsin Median Household Income, 2014 Data Source: U.S. Census Private $58,080 East North Central region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Wisconsin Educational Appropriations per Student FTE, Wisconsin Net Tuition as a Percentage of Total Educational Revenues, Wisconsin Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.

Demographic Change Overview: Wyoming Change in Number of High School Graduates, 2005-2015 Vs. 2016-2031 Data Source: Western Interstate Commission for Higher Education 2005-2015 2016-2031 Hispanic, White, and Black Students as a Share of All High School Graduates, 2016 Vs. 2031 Data Source: Western Interstate Commission for Higher Education Source: Knocking at the College Door: Projections of High School Graduates, Western Interstate Commission for Higher Education, 2016, www.wiche.edu/knocking; EAB interviews and analysis.

Affordability Overview: Wyoming Number of Mountain Region1 Households By Income Segment (Thousands), 2015 Average Wyoming University Net Price as a Percent of Wyoming Median Household Income2 Data Source: U.S. Census Data Source: IPEDS, U.S. Census Note: Net price calculated for students receiving financial aid (in-state students only for publics). 22% Public 43% Wyoming Median Household Income, 2014 Data Source: U.S. Census Private $55,690 Mountain region includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. Net price data from IPEDS variable “Average net price-students awarded grant or scholarship aid, 2014-15”, in state for public institutions and all students for private institutions. Source: EAB analysis of IPEDS data, National Center for Education Statistics; Current Population Survey, 2016 Annual Social and Economic Supplement, U.S. Census Bureau, July 21 2017; 2016 Current Population Survey, Annual Social and Economic Supplements Data Tables, Historical Household Income, U.S. Census Bureau, July 23 2017; EAB interviews and analysis.

State Appropriations Overview: Wyoming Educational Appropriations per Student FTE, Wyoming Net Tuition as a Percentage of Total Educational Revenues, Wyoming Data Source: State Higher Education Executive Officers Association Data Data Source: State Higher Education Executive Officers Association Data Source: “2016 State Higher Education Finance (SHEF) Report”, State Higher Education Executive Officers, http://www.sheeo.org/projects/shef-fy16; EAB interviews and analysis.