Finance & Governance of Higher Education in Louisiana Louisiana Board of Regents Governance Comm. Baton Rouge September 29, 2011 David Longanecker, President,

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Presentation transcript:

Finance & Governance of Higher Education in Louisiana Louisiana Board of Regents Governance Comm. Baton Rouge September 29, 2011 David Longanecker, President, Western Interstate Commission for Higher Education (WICHE) Louisiana Board of Regents Governance Comm. Baton Rouge September 29, 2011 David Longanecker, President, Western Interstate Commission for Higher Education (WICHE) Comments on Tuition and Financial Aid Policy and Practice

Two Things To Keep In Mind Tuition & Financial Aid Don’t Stand Alone Past Practice Appropriations to assure institutional viability (quality) Tuition as a gap filler Financial Aid to assuage guilt Reward scholarship & provide affordability A better idea Appropriations, Tuition, & Financial Aid (ATFA) as integrated finance policy All contributing to quality and access

Two Things To Keep In Mind o Finance policy is a means to the end people ultimately make the difference Faculty in the classroom Staff outside the classroom And students doing their share

Good Policy Regarding Tuition A Simple Story Good Policy – Affordable tuition/Not low tuition The Demand Side A reasonable price for the value received Affordable to the majority of students The Supply Side Provides adequate resources Doesn’t incentivize price gauging Doesn’t leave money on the table

Good Policy Regarding Tuition How does Louisiana stack up The Demand Side Good Policy:Reasonably priced for value received Louisiana: Underpriced for value received Good Policy: Affordable to the majority of students Louisiana: More than affordable to majority; out of sync on financial aid – not affordable to many

Good Policy Regarding Tuition How does Louisiana stack up The Supply Side Good Policy: Provides adequate resources Louisiana: System under resourced to provide maximum quality; particularly access institutions Doesn’t incentivize price gauging Louisiana: Incentive for some institutions to gauge if possible; So legislature maintains control of the price Doesn’t leave money on the table Louisiana: leaves tuition tax credit dollars unclaimed (unclaimable) Bottom Line: Not a pretty story

Good Policy Regarding Financial Aid It depends

Good Policy Regarding Financial Aid It depends—What Are Your Goals Broad access Reward Scholarship Enhance the Louisiana Workforce All legitimate public purposes The Challenge for Louisiana Finding balance to best suit La. Needs You want it all But can’t afford it Finding approaches that really work well to achieve intended purpose

Financial Aid To Serve Broad Access The Old Fashioned Way: Low tuition Dilemma: Didn’t do the job Why: Demand side: doesn’t make affordable – non-tuition costs Supply side: starves institutions of needed resources for access students No incentive to enroll these students Insufficient resources if they do

Financial Aid To Serve Broad Access The Great Society Idea, Extending to today—Need-based Aid The Idea: Aid will enable; opportunity will generate equality Dilemma: Assured access Not success Issues of sustainability and predictability

Financial Aid to Reward Scholarship – Merit Aid Merit Aid -- Multiple Purposes Reward exceptional performance Enhance student success Through high school preparation Through college achievement Retain the best and brightest In Louisiana Universities In Louisiana’s workforce and society Two General “State Policy” Approaches States take care of need; institutions take care of merit States focus on merit – TOPS, HOPE, Millennium

Financial Aid to Reward Scholarship – Merit Aid Two General “State Policy” Approaches States take care of need; institutions take care of merit Advantage: Institutions can tailor to meet mission Dilemmas: Greatly advantages better resourced institutions Buys privilege, not access Often seen as Robin Hood in reverse

Financial Aid to Reward Scholarship – Merit Aid Two General “State Policy” Approaches States focus on merit – TOPS, HOPE, Millennium Advantages Rewards exceptional behavior, sort of Attracts more of “the best and the brightest,” at least to attend Supports the ethic of college attendance Popular with the people Dilemmas Very costly, if indexed to tuition Effective, but not cost-effective Potential for price gauging (Georgia) or price fixing (Louisiana) Skips over the most needy

Financial Aid to Enhance Louisiana’s Workforce Two General “State Policy” Approaches Loan Forgiveness: A Common Sense Approach Only problems: Doesn’t work Costly to administer Only affects those who borrow – Is that the message to send? Work study Integrated work & learning enhances success The real winner – cooperative work study

Contemporary Thinking on State Financial Aid – (According to Me) Blend the Best of Broad Access, Merit, and Workforce Programs To What End Affordability To Students & To The State Promoting Student Access & Success Sending the right incentives To Students To Institutions Leaders Faculty & Others

Contemporary Thinking on State Financial Aid – (According to Me) Exemplar Blended Programs (From which to learn; not to emulate) Oklahoma Promise – Combination of Need and Merit Eighth, Ninth, Tenth Graders Tuition Free Income threshold $50,000 High school accomplishment – focus on courses, OK grades, and staying out of trouble

Contemporary Thinking on State Financial Aid – (According to Me) Exemplar Blended Programs (From which to learn; not to emulate) Oregon/Minnesota: Shared Responsibility Explicit Partners: Students as the principal beneficiaries Parents meeting family responsibilities Private philanthropy – to reward students The Federal Government – taking full advantage State Government – to fill the “reasonable” gap Institutions – to fill any “unreasonable” gap

Shared responsibility partners Oregon share - filling the gap State Federal share - includes Pell & tax credit/deduction Federal Parents share - determined using federal methodology Parents Student share as principal beneficiary - 50% - from work, savings, scholarships, and/or borrowing Student Public 2-yr Higher PriceUniv Medium Price Public 4-yr

Some ideas for Louisiana Prioritize your goals You want it all You can’t afford it all Decide what you need the most Build off the Rozeman principles Get brave Change comes hard Speak truth to power But don’t be foolish – remember Louisiana’s culture and traditions

Some ideas for Louisiana Build a philosophical basis around your goals Borrow from others where it makes sense But choose a viable path for Louisiana; not someplace else Make sure financial aid is in sync with tuition policy and appropriations; but not tied to them Don’t leave all those federal dollars on the table

Some ideas for Louisiana Think of today and tomorrow Is there a targeted rationing plan, if the plan is too ambitious Will this plan provide a vision to work toward for the future Don’t set precedents today that will prevent moving toward the vision of the future Focus on the students, not the institutions Do no harm, at least no more than you do today