October 12, 2012
Budget & Finance
SC: Gov. Haley seeks "merit-based" college funding
This week South Carolina Gov. Nikki Haley (R) brought together state lawmakers, higher education officials and business leaders for a discussion on a "merit-based" approach to state higher education funding. Haley hopes to include performance metrics, such as job placement and graduation rates, into the state's funding formula for higher education. The governor also hopes to develop more academic program specialization among the state's public colleges and universities. University officials commented that less regulation and more funding may be needed to improve the state's universities, as the state's portion of funding for public universities has fallen from 16 percent to 11 percent in the past 12 years.
Associated Press (Date posted: October 10, 2012)
NJ: Coalition offers support for $750 million bond measure
A coalition of New Jersey higher education, union and business leaders has come together to support a state ballot measure that would allow $750 million in borrowing in order to expand and renovate higher education facilities. The bond, which is the first such measure for higher education in New Jersey since 1988, will be allocated between public research universities, public comprehensive universities and private higher education institutions. The building projects will also rely on 25 percent institutional matching funds and $567 million from different bond programs. The coalition expects to spend $2.1 million in advocacy and outreach efforts.
Philadelphia Inquirer (Date posted: October 10, 2012)
TX: Gov. Perry outlines higher education reforms
Last week Texas Gov. Rick Perry (R) proposed several changes to state higher education to be considered in the upcoming legislative session. Perry called for a formula formula that would link 10 percent of state funding to universities based on institutional outcomes as well as a policy that would keep student tuition rates fixed for four years of their academic program. The governor has also called for more transparency in tuition pricing and $10,000 bachelor's degree programs.
Dallas Morning News (Date posted: October 1, 2012)
MD: Report argues Maryland Dream Act will benefit state's economy
A report released this week by the Maryland Institute for Policy Analysis and Research concludes the state Dream Act on the November ballot will be beneficial to Maryland's economy. The study's authors conclude the policy could return $66 million in economic benefit to the state with each graduating class. Maryland's Dream Act would allow the state's undocumented students to pay resident tuition rates at community colleges and transfer (at the resident tuition rate) to four-year state universities. The measure was signed into law in 2011, but a successful petition drive will put the law to voters in November.
The Washington Post (Date posted: October 6, 2012)
AK: Regents approve tuition increase
The University of Alaska Board of Regents has approved the smallest tuition increase in over a decade for the upcoming academic year. Tuition will increase 2 percent for resident undergraduates next year and 4 percent for non-resident undergraduates. Graduate school rates will increase 2 percent.
Fairbanks Daily News (Date posted: September 28, 2012)