Legislative agenda : investing in college completion, 2013

              2013
Legislative Agenda
Investing in College Completion
Since the program’s formal announcement in
September 2011 by Gov. Mary Fallin, great
progress has been made toward the goal of
50,900 more degrees and certificates by 2023.
AHEAD OF SCHEDULE!!
2012 Goal
32,200*
Degrees &
Certificates
2012 Actual 2023 Goal
34,134* 50,900
Degrees & Degrees &
Certificates Certificates
* Does not include private institution or career technology center
degrees and certificates
Students Who Learn Here, Earn Here
Employment Outcomes After One Year
Percent of Oklahoma residents
who graduate with a bachelor’s
degree, remain in the state and
are employed in the state one 89%
year after graduation Remain in
the state
Source: 2012 Employment Outcomes Report
$450m
$400m
$ 350m
$ 300m
$250m
$ 200m
$150m
$100m
$50m
$ 0m
Cutting Costs
Cost Savings
A total cost savings of $ 411 $411m
million from 2010-14
$ 347m
• Energy Conservation
• Energy Conversion
• Changes in Salaries and Benefits
• Changes and Elimination of Positions*
• Reduction in Supplies
• IT Savings $112m
$74m
$46m
2010 2011 2012 2013 2014
Source: F Y 2014 Institutional Budget Needs Survey
Technology Cost Savings
FY 2013 – $40 Million in Savings
FY 2014 – $48 Million in Savings (est.)
$232 Million
in Savings Over Five Years
Source: F Y 2014 Institutional Budget Needs Survey
Oklahoma’s Business Leaders
Support Higher Ed
Perceptions of Oklahoma’s Business Climate
87% 76% 76%
Access to Career Tech
Quality of supplies system
college / required preparation
university to conduct for the
system business workplace
Enrollment at Record Levels
191,537
177,385
14 ,15 2
New St u de n t s
Academic Year 2008 Academic Year 2012
National Model for
Performance Funding
In April 2012, the State Regents adopted a performance-based
funding formula that applies to additional funding
for higher education appropriated by the state Legislature.
The performance factors are: a campus degree completion
plan, retention rates, Pell Grant retention rates, 24-credit­hour
completion rate, graduation rate, CCA degree target
achievement, number of certificates/degrees conferred and
program accreditation.
“Oklahoma will lead the nation in developing
and implementing a performance-funding model
for higher education.”
– Dane Linn, former director of the
Education Division at the National
Governors Association and the
College Board