At a Glance...

Budget

• Higher Education receivedan overall 17% ($139 mil-lion) budget reduction, 8%of which was “backfilled” byfederal stimulus

ARRA

funds.• Over 940 FTE positions havebeen eliminated (25% invol-untarily).

Scholarships & Aid

• Award amounts for theNew Century and Regents’Scholarships are beingawarded at the full amountswith recent commitment tofund $1.5 million shortfalldue to increased demand.• Legislation being drafted toclarify and improve desiredoutcomes of programs.• Student loan volume has in-creased 29% and student loandollars have increased 34%since FY 2008.• Changes in federal studentloan program will imposeadditional costs on studentsservices such as financial aidand counseling.

Impact to Students

• More adjuncts (many fundedon one-time money thatruns out in FY 2011).• SLCC will cut 700 classesdespite a 15 % enrollmentincrease.• Undergraduate class sizeshave increased as much as25%• Fewer class sections - limit-ing access for students, andunintended “soft cap” onenrollment.• Less student services to helpstudents navigate their edu-cation, and increased timeto graduation.

Enrollment & Tuition

• Student enrollment hasincreased by 17% (28,428students) in two years.• The Board of Regents ap-proved tuition increases of less than 10%.• If tuition funds had beenused to make up the totalbudget cuts, it would haveto be increased over 50%systemwide.

Higher Educationin 2010

The Basic Argument

• Almost 1:1 correlation betweeneducational attainment & the economy • Utah’s advantage is its workforce• It’s time to position Utah for acomeback!

Utah’s Higher Education Network

• 29,596 Employees (Fall 2008)• 152,228 Students (24,828 new students since Fall 2008)• 25,415 certificates & degrees• $400-$500 million/year in research• 24,000 students helped by UHEAA & UESP

• One of na

on’s top 529 plans• Over $2.7 billion in assets• Lowest default rate in the na