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Published byGarey McDonald Modified over 9 years ago
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National Center for Higher Education Management Systems 3035 Center Green Drive, Suite 150 Boulder, Colorado 80301 Western Interstate Commission for Higher Education Using Finance Policy to Advance State Goals Dennis Jones, NCHEMS David Longanecker, WICHE
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The Management Cycle State Institution Planning Accountability Implement
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State Goals Enhance and improve the educational pipeline for youth and adult learners Lessen geographic, economic, and demographic disparities in access, retention, and completion/graduation from a broad array of quality educational programs Strengthen the link between K-12, higher education, and the state’s economy slide 3
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The Implementation Tools Finance Accountability Regulation Policy Leadership and Governance – Allocation of Decision Authority slide 4
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Implementation Tools Selected for Attention Provide recommendations the systemic governance reform Ensure fiscal stability and affordability of Colorado public higher education into the future slide 5
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Policy Leadership slide 6 Strategies for Achieving Goal Attainment Planning and Leadership FinanceRegulationAccountabilityGovernance Goal 1 Goal 2 Goal 3 Consistency Alignment
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State Role in Financing Public Higher Education Ensuring that the capacity needed to meet state goals is created and maintained Ensuring that this capacity is utilized in ways that yield desired outcomes slide 7
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The Flow of Funds 8 Federal Government Tax Policy Appropriations/GrantsStudent Aid Tuition Scholarships & Waivers Student Aid (Restricted) Income Available State and Local Govt. Funds Federal Government Higher Education StudentsInstitutions Economy K-12 Corrections Health Care Other Govt. Donors Foundations Corporations Stimulus Funds
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The Flow of Funds - State 9 Federal Government Tax Policy Appropriations/GrantsStudent Aid Tuition Scholarships & Waivers Available State and Local Govt. Funds Higher Education StudentsInstitutions Economy K-12 Corrections Health Care Other Govt. Stimulus Funds Student Aid Federal Government Income
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The Flow of Funds 10 Appropriations/GrantsStudent Aid Tuition Scholarships & Waivers Available State and Local Govt. Funds Higher Education StudentsInstitutions Student Aid Federal Government
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Finance Policy – The Options slide 11 Base-Plus Formulas Investment Funds Tuition & Aid Policy Focused on Revenue Generation Performance Funding Tuition & Aid Policy Focused on Attainment of Specified Outcomes Core Capacity Capacity Utilization/ Public Agenda Institution Focused Student Focused
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State Responsibilities Ensure affordability – need-based student aid –Managed at the state level –Within the broader context of tuition policy (e.g., Oregon’s shared responsibility) Purchase services as determined by state goals Invest in needed capacity slide 12
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