Michael Q. McShane, PhD. -What are some of the big issues in higher - PowerPoint PPT Presentation

Michael Q. McShane, PhD.

-What are some of the big issues in higher education today? -Is Mizzou more or less efficient or effective than the other public institutions of higher education in Missouri? -How does Mizzou stack up the 115 other Research-1 Universities in the region and in the US?

-According to data from the New York Federal Reserve, the wage premium (that is the extra income earned by people with college degrees) has been rising, in fits and starts, since the 1970s. -Today , the average worker with a bachelor’s degree earns around $64,000 per year, while a worker with an associate’s degree earns $50,000, and a worker with just a high school diploma earns $41,000. Over a working lifetime, the New York Fed estimates that the total wage premium for a bachelor’s degree is approximately $1 million and $325,000 for an associate’s degree . -Also according to the Federal Reserve, the total outstanding student debt in the United States is more than $1.2 trillion. This is more than the total credit card debt in the nation (estimated at $733 billion) and total outstanding auto loan debt as well (estimated at $1.06 trillion). -The average debt load of those 7 million people in default is only $14,014.

10000 15000 20000 25000 30000 35000 40000 5000 0 Harris-Stowe State University Lincoln University Missouri Southern State University Missouri Western State University Truman State University Northwest Missouri State University Missouri University of Science and technology Southeast Missouri State University University of Central Missouri University of Missouri-Kansas City University of Missouri- St. Louis Missouri State University University of Missouri

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• Mizzou is neither in crisis nor thriving. On most indicators, comparing Mizzou to its peers both regionally and nationally, Mizzou falls in the middle of the pack. • The majority of students in public higher education in Missouri do not attend Mizzou. The universities that they do attend vary widely in effectiveness. Understanding where Mizzou stands in the context of the state’s public higher education system is important. • With respect to research productivity, Mizzou is not as head and shoulders above the other public universities in state as one might expect it to be given its status as the state’s sole public Research 1 University. In a regional context, compared to other R-1 universities, it similarly fails to distinguish itself from the pack.