A new report from the Ohio chancellor of higher education highlights how The Ohio State University is making college more affordable for students.
And regional campuses, including here in Mansfield, are a part of this success.
Ohio law requires all public institutions of higher education in the state to annually document their affordability and efficiency measures to the Department of Higher Education. The ODHE report especially focuses on how this work is reducing costs for students.
“I want to offer my appreciation to our higher education institutions for their commitment to affordability and efficiency initiatives on their campuses,” Chancellor John Carey wrote in the report. “This report illustrates the progress Ohio’s public colleges and universities are making toward a more affordable and efficient postsecondary education for all Ohioans.”
Ohio’s public colleges and universities collectively reported institutional cost savings of $320 million in fiscal 2018, about $179 million of which directly reduced costs for students. Ohio State saved its students $47.6 million for that period by expanding financial aid, reducing textbook costs, providing digital learning technology and discounting the cost of summer tuition.
“Ohio State’s commitment to affordability goes hand in hand with our focus on operational excellence,” said interim senior vice president and CFO Michael Papadakis. “Every dollar that we save through efficiency measures is redirected back into our academic mission.”
The report stems from work of the Ohio Task Force on Affordability and Efficiency in Higher Education, which in 2015 made recommendations in 10 areas, from textbook affordability to reforming administrative costs to reducing the time it takes to get a degree. Ohio State has implemented all recommendations in every area except for competency-based education, which does not fit the university’s mission and student body.
Ohio State highlights include:
In July, President Michael V. Drake provided written testimony to the General Assembly’s Joint Committee on College Affordability to detail the university’s ongoing efforts to reduce the cost of attending colleges and universities.
“We have committed $100 million in additional need-based aid for Ohio students and families since 2015 — well exceeding our stated goal of reaching that number by 2020 — with an expected impact for almost 32,000 Buckeyes,” he wrote. “At the same time, we have introduced a number of affordability efforts unprecedented in our university’s history.”
Efficiency and affordability are critical areas of focus for Ohio State. Access, Affordability and Excellence and Operational Excellence and Resource Stewardship are two of the five pillars in the university’s Time and Change strategic plan.
Source: The Ohio State University