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Income Share Agreement Update

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Income Share Agreements (ISAs) have grown in popularity in recent years. They have been lauded by some as a solution to the student debt crisis, and criticized by others for further complicating the education finance market. Given the continued interest in ISAs, we have updated our 2016 brief on the topic. Here are some key takeaways:

  • While our 2016 brief compared ISAs to the federal Income Based Repayment (IBR) plan, it is now clear that ISAs typically supplement subsided loans rather than replace them, and are thus better compared to private loans than public loans.
  • More colleges and universities have begun offering ISAs directly, as have more coding academics and other non-traditional institutions.
  • Some members of the Washington state legislature introduced a bill that would create an ISA pilot program and establish ISA regulations for Washington state. There continues to be interest in ISAs on a federal level but also within our state.

For more information and to read the updated brief, please see our OPB Briefs page.

OPB Brief on Published Price vs. Net Price – 2019 update

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The 2019 update of the Published Price vs. Net Price brief is now available on our briefs page, and reflects the newest available data.  The brief includes sector-wide data on trends in published price and net price for public and private four-year colleges and institutions, a description of how declining state investment in higher education has spurred tuition increases, and a table comparing the UW’s net price for resident undergraduates receiving grant or scholarship aid to its U.S. News & World Report top 25 research university peers.

OPB Brief on Compromise 2018 Supplemental Budgets

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Leadership in the state House and Senate released their compromise 2018 supplemental budget proposals earlier this week—the capital proposal came out on Tuesday evening and the operating proposal on Wednesday evening.  With the release of these budgets, and with their subsequent passage by the legislature, lawmakers ended the legislative session on time, for the first time since 2014.

The compromise budgets make changes to the recently approved 2017-19 biennial capital budget, as well as the 2017-19 biennial operating budget, which was approved last June. An OPB brief comparing the compromise budgets to prior proposals from the House, Senate, and Governor is now available in the full brief.

In the coming weeks, OPB will post summaries of approved legislative proposals that were tracked by the University, as well as fiscal notes (objective estimates of a bill proposal’s fiscal impact on the University) that were completed during the 2018 session. Those will be posted on the OPB briefs page.

New OPB Briefs: Published Price vs. Net Price, Differential Tuition, and Activity Based Budgeting

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OPB has released two new briefs.

The Published Price vs. Net Price brief is an updated version of a brief we posted in June, reflecting the newest available data.  The brief includes sector-wide data on trends in published price and net price for public and private four-year colleges and institutions, a description of how declining state investment in higher education has spurred tuition increases, and a table comparing the UW’s net price for resident undergraduates receiving grant or scholarship aid to its U.S. News & World Report top 25 research university peers.

OPB also has a new brief on policy and programmatic trends for differential tuition in higher education, and a recent brief on the Activity Based Budgeting (ABB) model used at the UW and other institutions.

Two New OPB Briefs: Resident Undergraduate Tuition Trends and Net Price

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OPB has released two new briefs.

The first brief focuses on trends in Resident Undergraduate (RUG) tuition rates and state funding environments across the United States, based on the most recent “Trends in College Pricing” report, which is released by the College Board each year. The report identifies Washington as the only state to have lower RUG tuition and fee rates than it did five years ago.

The report serves as a basis for a deep dive into the funding environments of some other case studies. The brief looks at Louisiana, Florida and Ohio as comparisons to Washington, as they are the three other states whose legislatures retain RUG tuition setting authority. Despite this fact, each state has had a variety of outcomes regarding tuition policy. California and Maine are also highlighted as case study comparisons because they are the only two other states to show a decrease in tuition over the past five years, though theirs are due to inflation-adjusted tuition freezes.

The second brief is an updated version of previous “Published Price vs. Net Price” briefs, which reflects the newest available data. The brief includes sector-wide data on increases in published price and net price for public and private four-year colleges, a description of how declining state investment in higher education has spurred tuition increases, and a table comparing the UW’s net price net price for resident undergraduates receiving grant or scholarship aid to its U.S. News & World Report top 25 research university peers.

Finally, it is with subdued excited that to announce that these two briefs and blog post will be my last contribution to OPB as an intern. I am graduating tomorrow from the Evans School of Public Policy and Governance, while taking a job down at the State Capitol in Olympia. Thanks to all for reading!

OPB Brief: Final 2016 Supplemental Operating and Capital Budgets

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The 2016 Legislature concluded its business having passed supplemental operating and capital budgets before the scheduled close of the 30-day special session. Please see the OPB brief for a detailed overview of the final compromise budgets.

While the compromise operating budget includes $3.513 million in additional biennial funding to “true up” the tuition backfill associated with 2ESB 5954, the increase is partially offset by more than $2 million in new, ongoing, biennial charges for services provided by the Office of Financial Management.

The compromise capital budget does not include any changes for the UW.

Please contact Jed Bradley or Becka Johnson Poppe if you have any questions.