Contributions to Minnesota's
colleges and universities have failed to match the levels they were at 10 years
ago and have declined noticeably since 2008. This trend matters because it
further challenges higher education institutions — public and private.
higher than average share of residents with bachelor's degrees correlates with
our higher than average per capita income. Experts say that ensuring higher
education opportunities and achievement will help productivity.
Minnesota Private College Council institutions play a vital role in
educating Minnesota’s population. A third of all bachelor’s degrees in
Minnesota are granted by MPCC members; they also grant 45% of the
master’s degrees in the state.
Minnesota college students rely increasingly on borrowing to pay for
college, but their borrowing patterns vary among different kinds of
institutions. MPCC member institutions work to minimize student debt by
providing substantial institutional grant aid.
The latest analysis shows that Minnesota Private College Council member
institutions have the highest graduation rate in Minnesota with 64% of
students graduating in four years. This continues a longstanding trend.
New data confirm the link between higher education and higher income in
Minnesota, but the income benefit varies depending on race. Three local
experts — Paul Mattessich, Carlos Mariani and Steve Hine — weigh in on
the research findings and what they mean for Minnesota.
The U.S. and Minnesota will have to stretch to meet proposed goals for
the percentage of workers who earn a college credential. While our
national standing is being surpassed by other countries, Minnesota is
well-positioned to produce more college educated workers.