1. A Model to Determine What a Degree Should Cost Lee Holcombe Director Higher Education Policy Institute

2. Texas Higher Education Policy Institute 2 Definition of Cost to Degree (CTD)  Total costs incurred by students of a cohort as they progress to (non-)completion over a six-year window  Disaggregate by completion status, field of study, type of institution, institution, and level of degree  Multiple cohorts  Community college  2 4YR (students who start at 2YR, start at 4YR)  Masters  Doctorate

3. Texas Higher Education Policy Institute 3 Data  Student level enrollment from fall 2004 through summer 2010 in any Texas public higher education institution  Annual cost study conducted to support the formula funding allocation  Cost per SCH  Level (Core, lower and upper level)  Discipline  Institution-year  Includes all costs except auxiliary

4. Texas Higher Education Policy Institute 4 Conceptual Map Changes in COST TO DEGREE DRIVERS Changes in NON-COMPLETION RATE Changes in SCHs TO DEGREE Changes in COST PER SCH Changes in state/institutional policies (e.g. Cost Efficiency Report recommendations)