Spending per student in Tertiary Education, 2003 Annual
expenditure on educational institutions per student in tertiary
education
Slide 2
US Increasingly Lagging OECD in College Attainment
Slide 3
Tertiary 5a Graduation Rates
Slide 4
Slide 5
-5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70%
75%
1990199119921993199419951996199719981999200020012002200320042005
Family Resources Student Debt Tuition and Fees Financial Need
Cumulative Growth in Family Resources, Tuition, Financial Need and
Student Debt for Median Income Family Attending a Private College
or University A Burgeoning Affordability Gap being met through
loans
Slide 6
6 In an arms race, there is a lot of action, a lot of spending,
a lot of worry, but if its a successful arms race, nothing much
changes. The essence of an arms race is positionhow a country or
university stands relative to others. No single institution alone
can safely quit the race, even though all institutions, together,
would be better off if everyone did. Unilateral disarmament will
swiftly be punished by loss of position and increased
vulnerability. (Winston, 2003) The academic arms race
Slide 7
Research Private Research Public Masters Public Masters Private
Bachelors Private Bachelors Public Cumulative Growth in Educational
Cost per Degree Conferred by Broad Carnegie Classification and
Control in 2005 CPI Adjusted Dollars
Slide 8
Changes in Total E&G Spending/FTE Student*19872005 Average
Annual % change 1987-2005 Public 4- yearMean7298144835.50%
Median465292935.50% Private 4- yearMean8045209358.90%
Median5835159659.50% 2-yearMean392976755.20%
Median354270085.40%