Literature
Community College Revenue
Community colleges have roots dating back to the 1900’s and became more homogenous with the help of the 1960’s California Master Plan for Higher Education. In the past, community colleges were tuition-free or subsidized by local property taxes and state appropriations (Cohen, M. & Brawer, F. 2008). Currently, community college financing has been unpredictable “due to the discretionary nature of state support and the vagaries of funding initiatives” (Phelan, 2014, pg. 7). Nevertheless, colleges continue to be dependent on state appropriations and local property taxes as the primary source of revenue. Due to the instability associated with appropriations, community colleges must develop dynamic budgets that have the capacity to overcome fluctuations in revenue and enable the college to offer affordable access to higher education to its constituents.
Community College Expenditures
The greatest cost associated with operating a community college is the cost of personnel. Personnel costs include the salaries paid to administrators, instructors, and staff as well as the cost to provide benefits (Israel & Kihl, 2005). Table 1 reveals how a mid sized community college spent on average spends 90% of their budget on personnel costs.
Community College Budgeting Process
The budgeting process is one of the most important tasks colleges must participate in. The primary architect in developing the budget of a community college is the chief
This article provides an insightful view into the perceived and real status of community colleges in relation to their university counterparts. Once thought of as a place merely for underachievers to attend for workforce training, Trowbridge points out these institutions now have more to offer. They provide an affordable opportunity for students to complete the same courses that are available at the university for a fraction of the cost. Noting the financial savings in comparison to the traditional university, along with the overall quality of instruction, local community colleges have become a viable alternative for those seeking a college education without the incurring unnecessary amounts of debt.
College has become a norm in today’s society so much so, that the average costs of higher education are not really discussed. A public two-year in-district college was $3,520 for a full-time undergraduate student in 2016-2017 (Baum 68). Baum also declares that a public four-year in-state undergraduate tuition was $9,650; a public four-year out-of-state college cost $24,930; a private nonprofit four-year college costs $33,480; and a for-profit college cost $16,000 for that same school year. (68). Across the nation, figures will vary because of the obvious geographical region differences, but also because of price discrimination. Price discrimination allows institutions to discount their prices for a lot of students (Baum 79). Institutions do this based on individual student circumstances, and it segments the market. Institutions
In 2000, the Board of Ursinus College, raised its tuition from $19,331 to $23,460. This turned out to be a 17.6% increase. Surprisingly, the tuition increase proved to be a positive change for Ursinus College. The college received more than 200 applicants than its previous year (Brickley, Smith and Zimmerman, 2009, p. 110). Other regional institutions such as University of Notre Dame, Bryn Mawr College and Rice University also experienced a similar trend once they increased their tuition rates (Brickley, Smith and Zimmerman, 2009, p. 110). The president of Ursinus College deduced that the tuition increase affected enrollment rate (increased enrollment). She simply stated that “people don’t want cheap” (Brickley, Smith and Zimmerman, 2009, p. 110).
Compared to just 10 years ago, in-state public university tuition has risen a dramatic increase of 40% — about $2700 (“Tuition and Fees and Room and Board over Time”). At the university level, in-state college is the cheapest option. However, in regards to the inflation of the decade, only 15%, university tuition is substantially higher for families today (“Archived Consumer Price Index Detailed Report Information”). Students and families are now paying a 25% higher price for in-state college than those just 10 years ago. Consequently, this has
The topic of this paper is the states’ decreasing financial support of higher education, the reaction and response from institutions who have lost funding, and the creative ways public institutions are locating additional streams of revenue. States have been the primary backer of public institutions, but since the recession states have shown less commitment financially while still heavily regulating higher education. As a result some institutions have had to change their practices while others have challenged their state’s regulations all together. Many have speculated that state funding may never return to its former highs. Rather than make an enemy of the state, some schools have discovered new and unconvential ways of raising funds for their institution.
Since 1974, tuition has been on the rise and has reached new heights. One reason why tuition is increasing is because of “the state governments’ unwillingness or inability to raise per-student financing” (Davidson). The government is spending less on college and moving those funds into other categories, such as the military. Furthermore, colleges are spending less on each student than they did during pre-recession (Fox). Even after the recession, the government is continuously cutting more and more from education funds. As the government cuts more from education funds, tuition cost will steadily increase to compensate the loss. Tuition increased from 1994 to 2015 is depicted in the graph on the next page. Drawing a conclusion from the graph, it is possible that if this trend continues, public colleges will approximately reach the same price as private colleges one day. The amount of financial aid given is unable to meet the needs of lower income students,
Community college is a great institution for students to start their educational journey. Especially when they do not have the funds or lack some of the prerequisite that a university would require. Community college was created to serve the community, traditional and non-traditional students with the best higher education and lifetime learning opportunities. The faculty and staff members at a community college is there to provide leadership in education while going above and beyond to recognize the needs of the students and the community by providing excellent educational programs and support services that are available to all who have the opportunity to take advantage of them. “Student services now include recruitment and retention, counseling, student activities, student health, financial aid, academic support, career centers, transfer centers, and supplemental services such as transportation, child care, and services tailored for specific populations of students” (Cohen, Brawer, & Krisker, 2014, pg. 209). My philosophy in fulfilling the role and mission of the community college, is to establish the mission, vision, goals and values to guide all students on their journey to strive to become successful both in school and in today’s economy.
Community colleges in the United States develop rapidly and have become a vital component of the postsecondary education delivery system. As of 2011-2012 school year, 45% of all undergraduate students were enrolled in public two-year colleges, approximately 8.3 million students (Knapp et al., 2012. Cited by AACC Fast Facts). And it seems that with globalization and Obama’s education agenda, the trend of growing enrollment in community colleges won’t change. A high school graduate who decides to pursue postsecondary education may face with a dilemma--whether enroll in a community college or a traditional four-year college. Even within a community college, a student may be faced with a choice—enroll in a vocational program and enter workforce after graduation with a vocational certification, or choose an academic program with an intention of transferring to four-year institutions.
Kris, a wife and a mother, worries about the increasing cost of higher education. She and her husband have a two year old daughter whom they are determined to send to college. They want their daughter to succeed in life, but they have to weigh the complications of going to college as well. “I have always thought about college as a “catch 22”...You’re taught from a young age that in order to achieve the “American Dream” you must graduate high school and go to college,” Kris contemplates (Kris 5).Throughout Kris’s ten years of experience with college, she has seen the tuition increase to shocking heights. In fact, she claims that community colleges cost as much as state colleges did when she first started her college hunt. Back then, she
The hot topic amongst people entering college is student loan debt. With the average debt at tens of thousands of dollars, many people shy away from college, or at least do not get a full degree. As a result, many politicians have preached plans to make college free, and thus bring an end to student loan debt. However, those on the other end of the spectrum find themselves hindered in jumping aboard the free college mania, because, after all, nothing is free, everything comes at a price. And as they soon learned, what a price indeed. In fact, in order for the universities to pay staff and accommodate the student body without tuition being on the shoulders of the students, state taxes would have to be increased on the entire taxpaying population.
Community Colleges were developed with the purpose of providing an affordable and accessible education. By providing students with both academic and learning skills, community colleges continue to remain an essential part of today’s society. Throughout the years, community colleges have continued to develop and transform to provide resources to meet the needs of their students. As new community colleges began to develop, it is critical that they are aware of the political issues that community colleges face. For this assignment, I will discuss the University of District of Columbia Community College and its governance. In addition, I will provide information on federal and local government involvement, leadership structure, political culture, student demographics, and community groups. Lastly, I will provide recommendations on how to address the issue of governance.
Tuition cost plays a vital role in deciding whether to attend a community college or a four year institution. According to Susan Stafford, “Tuition for community colleges is affordable while tuition costs at public institutions are usually at least twice that of a community college” (1). The tuition cost in universities can be overwhelming and highly unaffordable, This have caused many students to graduate with s heavy loads of debt but by attending a community college, an individual can
The budget is a plan of how to spend available funds wisely, and entails a list of all expected revenues and expenses. The budget is compiled annually and marks the beginning and end of the fiscal year. While the primary burden of the budget lies with the finance department, it is the responsibility of all faculty affected by budgetary practices to provide insight into the projected financial future of the school. The goal and evidence of a successful budget is to have the actual numbers of the financial year equal or come close to the estimated
Since there are four guided questions to help address the main research question. There will also be some subtopics to help us better understand the reasoning toward the altered mission of community colleges. First, I will discuss about the first community college founded in American history of higher education and its mission, the influences on community college mission during the Depression era, and the intention of community college mission after the World War II era. Second, I will report what I have found about the impact on community college to alter their institution from a 2 years institution to a 4 years institution. Third, I will discuss what the organizational culture was like today compared to the twentieth century. Lastly, I will examine some of the societal factors that impact the altered mission of community colleges.
Presently, the availability of educational opportunities at the college and university level is a critical state and personal interest given the needs of the state for a well-educated workforce which has never been greater. Too many, the focal point of attending college is receiving a high paying job in the future. Unfortunately, in most states, tuition is on the rise and students who come from low-income families find themselves struggling to fund their education. According to legislatures, “The cost of college in New Jersey, as in the nation, continues to grow faster than the rate of inflation.” (State of New Jersey 1). In the national financial aid policy resources that are typically given to the neediest families are shifting towards