Quick UH facts
With all the discussion on tuition costs, efficiency and accountability, I’d like share to some factoids that may help differentiate between myths and realities.
UHERO preliminary report: Preliminary results from a report to be completed by UHERO (UH Economic Research Organization) found that $2.92 billion of education related expenditures are attributable to the University of Hawaii System. This generated $5.02 billion in local business sales, $1.4 billion in employee earnings, $255 million in state tax revenues, and nearly 37,000 jobs in Hawaii in fiscal year 2012.
Tax revenues: The state gives the university about $356 million in state tax revenues. UH is generating $255 million in state tax revenues. As a reference point, I am told that the 37,000 jobs created by UH, is more than the number of jobs in the entire construction industry in Hawaii.
On tuition costs: The Association of Public Land Grant Universities (APLU) says the average list price for tuition/fees at pubic universities is $8,655.00, $15,000 at for-profit universities and $29,000 at private universities. Also, 68 percent of first time students at public universities received a grant or scholarship with an average award of $6,900.
To put things into perspective, the average annual cost of childcare was higher than one year’s in-state tuition/fees at a four-year public university or college in 35 states and the District of Columbia.
On student debt: Students who borrow money to attend college have an average debt of $22,000 at public universities and $28,000 at private universities, according to APLU.
Rising costs: Many are asking, “Why is the cost of a public education rising faster than inflation?” APLU’s study says steep declines in state support are the driving force behind increases in tuition. In fact, over the past decade, public university tuition has risen less than the decline in state funding per student funding in many states.
Employment benefits of college: College graduates have unemployment rates of 4.1 percent. High school drop-outs have unemployment rates of 12.7 percent.
P-20 launches 55 by 25 campaign
P-20 has launched a statewide campaign to get two to four-year college degrees in the hands of 55 percent of our working-age adults by the year 2025.
According to a recent study, only 41 percent of Hawaii’s working-age adults currently have two to four year degrees.
As part of the campaign, the 55by25.org website has been launched with specific ideas to help parents from the birth of their children through college, for the students themselves, as well as for businesses and community organizations to participate in. An aggressive radio campaign is also running throughout the spring to heighten awareness of this issue and encourage action to increase Hawaii’s educational capital.