Source: National Association of College and University Business Officers and Commonfund Institute, Revised February 4, 2013
Before reviewing the data on the following pages, please note:
The percentage change values listed for the participating institutions DO NOT represent the rate of return for the endowments’ investments. Rather, the percentage change in the market value of an endowment from FY 2011 to FY 2012 reflects the net impact of:
1) withdrawals to fund institutional operations and capital expenses;
2) the payment of endowment management and investment fees;
3) additions from donor gifts and other contributions; and
4) investment gains or losses.
The market values also include the estimated valuations of real estate and other “illiquid” assets, which may have large increases or decreases in value during a relatively short period of time. In addition, transfers to the endowment from other institutional budget accounts may account for the differences in growth in endowment assets.
These factors suggest that any large increases or decreases in endowments over the past year may be exaggerated. As such, large percentage changes should be interpreted very cautiously.
Public NCSE Tables
Source: Kevin Carey, Washington Monthly, Vol. 45 nos. 1, 2, January/February 2013
Want to help minority college students? Make the entire higher education system more accountable.
Source: James Cersonsky, Labor Notes, February 12, 2013
With an endowment of $32 billion, Harvard is the wealthiest university in the world. Upon rebounding from the recession, the university is remodeling all its dorms, expanding its online course program, and constructing a new science center. Its library workers, meanwhile, have gotten the short end of the stick.
Workers beat back threatened mass layoffs last spring, but are now enduring the consolidation of their work in a new “shared services” model that translates into bigger workloads and fragmented work relationships. Now, along with the rest of Harvard’s clerical and technical employees, library workers are mobilizing for a fair—and long-overdue—contract….
Source: William J Hussar, Tabitha M. Bailey, National Center for Education Statistics, NCES 2013008, January 2013
From the abstract:
This publication provides projections for key education statistics. It includes statistics on enrollment, graduates, teachers, and expenditures in elementary and secondary schools, and enrollment and earned degrees conferred expenditures of degree-granting institutions. For the Nation, the tables, figures, and text contain data on enrollment, teachers, graduates, and expenditures for the past 14 years and projections to the year 2021. For the 50 States and the District of Columbia, the tables, figures, and text contain data on projections of public elementary and secondary enrollment and public high school graduates to the year 2021. In addition, the report includes a methodology section describing models and assumptions used to develop national and state-level projections.
Source: Jason E. Lane, Nelson A. Rockefeller Institute of Government, Observations, February 2013
A series of recent reports suggest a bleak outlook for higher education. Moody’s had downgraded its outlook for the entire higher education sector to negative. Other recent reports show declining state appropriations, erratic returns generated by university endowments, and that the Northeast will be losing significant numbers of high school students in the coming decades.
In this new observation piece, Jason Lane, Rockefeller Institute’s director of education studies, examines the data and argues that this new environment might lead to more closures and consolidations of institutions in the Northeast if they are not prepared to adapt to this new environment.
Knocking at the College Door: Projections of High School Graduates
Source: Western Interstate Commission for Higher Education, Print publication number: 2A366, December 2012
Announcement: Moody’s: 2013 outlook for entire US Higher Education sector changed to negative
Source: Moody’s Investors Service, Global Credit Research, January 16, 2013
In a Volatile Economy, Colleges’ Endowment Returns Fall Flat
Source: Don Troop, Chronicle of Higher Education, February 1, 2013
Source: Joe Berry and Helena Worthen, Dollars & Sense, no. 303, November/December 2012
As higher education is corporatized and privatized, campus labor is increasingly casualized.
Source: Laura Bornfreund, New America Foundation, Early Ed Watch blog, January 28, 2013
Three organizations recently released new education rankings of states. Education Week’s Quality Counts is a comprehensive analysis of states’ education policies and student outcomes, conducted by the Editorial Projects in Education Research Center. New this year is a ranking report from StudentsFirst, under the leadership of former DC schools chancellor Michelle Rhee, which looks at how “reform-minded” states are, as defined by policies such as expanding the charter school sector and tying teacher and principal evaluation to student performance. The National Council on Teacher Quality’s State Teacher Policy Yearbook hones in on teacher preparation systems. An older, fourth report – the Foundation for Child Development’s Child Well-Being Index – puts all three new rankings in perspective, by taking a deep dive into a variety of factors that affect student learning, both within and outside of the classroom. …
Source: Jessica Davis, U.S. Census Bureau, American Community Survey Briefs, ACSBR/11-14, October 2012
This brief presents data on school enrollment and student work status for the nation based on the 2011
American Community Survey (ACS). It takes a look at the proportion of students who worked and how much they worked over the previous year. Work status questions in the ACS are asked of persons aged 16 and over, so in addition to college students, high school students are included in this analysis….
– In 2011, there were 11.1 million students aged 16 and over in high school and the majority of them did not work (71 percent). Another 28 percent of high school students aged 16 and over worked less than full-time, year-round, while 1 percent of them were full-time, year-round workers.
– In 2011, of the 19.7 million students aged 16 and over enrolled in undergraduate college, 72 percent worked (20 percent full-time, year-round workers and 52 percent less than that).
– In 2011, there were 4.1 million graduate students and 82 percent of them worked (Appendix Table 1-A). Almost half of graduate students were full-time, year-round workers.
Source: Alicia H. Munnell and Rebecca Cannon Fraenkel, Center for Retirement Research at Boston College, State and Local Pension Plans, SLP#28, January 2013
From the key findings:
• Many public sector pension plans have recently cut pension benefits for new hires, thereby reducing compensation.
• The analysis looks at how such cutbacks could affect the quality of teachers.
• One proxy for teacher quality is the average SAT score at a teacher’s undergraduate institution.
• The analysis finds that school districts with higher wages and/or higher pensions are able to hire teachers from institutions with higher SAT scores.
• These results suggest that cutting compensation for new teachers is not costless, as it will likely reduce applicant quality.
Source: Center for the Study of Education Policy at Illinois State University and the State Higher Education Executive Officers, January 2013
Since 1960, Grapevine has published annual compilations of data on state tax support for higher education, including general fund appropriations for universities, colleges, community colleges, and state higher education agencies. Each year’s Grapevine survey has asked states for tax appropriations data for the new fiscal year and for revisions (if any) to data reported in previous years.
As of fiscal year 2010, Grapevine tables–including both tax and non-tax support–have been produced by Illinois State University’s Center for the Study of Education Policy in cooperation with the State Higher Education Executive Officers (SHEEO). The Grapevine survey has been consolidated with the annual survey used by SHEEO in its State Higher Education Finance (SHEF) project. This consolidated questionnaire asks for data that are compiled in a new State Support for Higher Education database. This database, in turn, is used to produce both the annual Grapevine tables, which provide a first look at state appropriations for the new fiscal year, and the annual SHEF report, which offers a more complete examination of trends in total state support for higher education, factoring in inflation and enrollment. The SHEF report for FY2012 will be released shortly by SHEEO.
The results of the Grapevine survey for fiscal year 2012-13 (FY13), including tax and nontax monies, are compiled in the national tables available on this website. The FY13 data summarized in these tables represent initial allocations and estimates reported by the states from September 2012 through January 14, 2013 and are subject to change. Andy Carlson of the SHEEO staff led the data collection effort. Further revisions may be made as states make corrections or adjust their budgets in the face of ongoing revenue shortfalls. In addition, it is important to note that unlike Grapevine reports issued prior to fiscal year 2009-10, the data from the survey for FY13 include only state totals. The new, consolidated questionnaire does not ask states to provide appropriations figures for individual colleges and universities. (Further information on the Grapevine data on the “Method” page of this web site.)