This initiative seeks to encourage greater productivity in Indiana’s higher education system. By allocating institutional funds by performance, rather than student enrollment, Indiana hopes to lead the way in encouraging public institutions to focus on degree completion rather than the number of students who enroll. Statistics demonstrate that individuals who have earned college credits—but have not earned a degree—are no better off in the workforce than someone who has only earned a high school diploma. Thus, earning college credit without earning a degree is a significant financial burden for both the individual and the state to bear. The student accumulates debt and the state invests tax dollars, yet there is little to no return on the investment. In the current economic climate, the issue of productivity in higher education is of the utmost importance. The state should take into consideration how efficiently institutions are utilizing resources, therefore ensuring that benefits to the state are commensurate with the resources the state provides to the institution.November 5, 2012: GUEST BLOG: STEM Jobs Becoming Larger Emphasis in Indiana
Indiana needs more workers educated in science, technology, engineering and math (STEM). According to a study by the Georgetown University Center on Education and the Workforce, the demand for STEM jobs in Indiana will rise to 4% of the total workforce by 2018. Of those 115,570 jobs, 90% will require some postsecondary education, and 43% will require at least a bachelor’s degree. So what are colleges and universities doing about it?
Indiana Commission for Higher Education: Productivity
Hoosiers need lower cost, alternative delivery structures that provide affordable paths to quality credentials that meet their educational and career goals. The state must foster more affordable options for students, align funding policies with completion, and make it financially attractive for students to complete their education on time.