Imperative
11
11
Attain
Resource Parity with the Best Public
Universities
The
combination of rapid population growth,
demand for government services and difficult
economic times have placed a strain
on the Texas treasury in recent years.
A good and widely dispersed university
System has provided access to a growing
college-aged population. Access alone
is no longer enough. Texas must have
a few universities that offer opportunities
equal to the best public universities,
while taking complementary steps to
maintain access. Competitive peer states
have long recognized the economic necessity
of comprehensive research universities
in meeting the knowledge demands of
an information society. States with
the best universities are currently
investing twice as much funding per
student as at Texas A&M University.
Texas A&M University and
the University of Texas are ideally
positioned to achieve recognition as
top national institutions because of
the state’s historical, constitutional
financial commitment to them. Texas
may also need additional institutions
of this caliber. The institutions designated
to fill this role must be acknowledged
and supported in a way consistent with
national competition. They must be provided
the flexibility and exercise the wisdom
and courage to price their offerings
more in line with their value, while
taking complementary steps to maintain
access. Finally, they must use their
historical strength to generate more
private capital. Texas A&M University
must attain resource parity with the
best public institutions to better serve
Texas.
P
R E C E P T: E N H A N C E P
U B L I C S U P P O RT F
O R E X C E L L E N C E
We
believe higher education is vital to
human advancement and that support for
higher education reveals a society’s
commitment to progress. An investment
in education is an investment in this
State’s future development and prosperity.
By exploring the frontiers of knowledge,
higher education produces new ideas
to meet future challenges.
TEXAS
CHARTER FOR HIGHER EDUCATION, 1987
This
charter, adopted by the 70th Legislature
of the State of Texas, describes the
importance of higher education well.
As the world changes, this importance
will only grow. As the 1995 Master Plan
for Texas Higher Education states, “knowledge
is thus replacing non-renewable physical
resources as the state’s most valuable
economic asset.” To compete effectively
with other states it is necessary, but
not sufficient, to make sure a broad
fraction of the state’s population is
technologically literate. It is also
essential that Texas A&M University
be among the best public universities
in the nation. This is because top-tier
universities, through their faculty,
their research programs, and their education
of the best and brightest students,
will play a pivotal role in generating
the “knowledge capital” that will become
increasingly important to economic success.
Enhanced public understanding and state
support is crucial to performance of
this role.
One
extremely important source of revenue
will be continued public support from
the State of Texas. To deliver improved
value to our constituencies, the university
will need to extend and enhance its
partnership with the state. Texas
A&M University will need to leverage
this public support by increasing
non-traditional sources of funding;
by charging tuition that is more consistent
with the value of education that is
provided to students; by developing
a culture that is more conducive to
the formation of public-private partnerships;
and by increasing financial aid to
attract a more diverse student population.
T
A S K F O R C E I D E
A
P
R E C E P T: I N C R E A S E S
TAT E
R E S O U R C E F L O W S
Table
15 Resource flows allow for the accomplishment
of goals and objectives. The challenge
for Texas A&M University in the coming
decades will be to exploit to the fullest
potential all resource streams. This means
increased efforts to secure additional
resources from the state will be required.
It means crafting a better fit between
the value and cost associated with educational
opportunity at Texas A&M University. It
means private giving will need to be increased.
It means relationships with industry and
response to their legitimate needs befitting
our mission should be generated. It means
new resource-producing services, such
as distance education, corporate education,
and traditional continuing education,
should be mined for the value they can
add to our revenue streams. True excellence
will require that streams flow into rivers
and that focus in resource production
and resource allocation be of paramount
importance. Lastly, while we need to create
more resources to provide the margin of
excellence that will help us continue
to improve Texas A&M University, we must
also carefully, regularly, and critically
review how we utilize what we have. Intelligent
resource allocation requires constant
review of people and programs for their
efficacy and contribution to the goals
of the university.
It
is unlikely that Texas A&M University
will be able to achieve top ten recognition
without charging tuition that more accurately
reflects the value-added nature of a
Texas A&M University degree. At the
same time, financial support to students
must be increased so that we can achieve
our goal of a diverse student body.
T
A S K F O R C E I D E A
-
Resources
will not ensure quality but will provide
the foundation on which quality can
be built. Have the state emphatically
acknowledge and support Texas A&M
University’s
position as a nationally competitive
flagship university, and achieve resource
allocation from state sources, on
a per-student basis, equal to the
average for the best public flagship
institutions.
-
Texas
A&M University students have long
enjoyed very low tuition, especially
in comparison to the best public universities.
Acquire the ability to charge differential
tuition based on market value. Maintain
access by appropriate strengthening
of financial aid.
-
Encourage the legislature to support
matching endowment programs that stimulate
private giving. Establish an eminent-scholars
program.
P
R E C E P T: F O R G E S T
R AT E G I C A L L I A N C E
The
nature of universities is changing. Public
institutions will be more influenced by
private sector forces. Private institutions
will be more sensitive to public sector
forces. These different, but related,
phenomena are producing partnerships and
alliances between public and private enterprises
and the university. Our history is strong
in building the trust required to sustain
such relationships. The university should
continue to enhance partnerships and joint
ventures that benefit students through
resource flows, through joint research
projects, through opportunities for service,
through internships, and through other
interactions. The differences between
public and private research institutions
will diminish over time. We should be
national leaders and shepherd the sequence
of events.
We
believe that public-private partnerships
will play a critical role in helping
Texas A&M University establish top-ten
status. These partnerships will benefit
the economy of Texas, augment the financial
resources of the university, enhance
the educational experience of students,
enrich the research capabilities of
faculty, and benefit private sector
partners.
T
A S K F O R C E I D E A
G
O A L S :
-
Create
a culture that ensures all avenues
of collaboration are investigate and
that barriers are eliminated. Double
strategic alliances with corporate,
public, and non-profit partners.
-
Develop
and implement alliances with other
major universities inside and outside
the state to facilitate outstanding
research and instruction. Quadruple
the number of articulation agreements
with other institutions in and out
of state.
P
R E C E P T: I N C R E A S E P
R I VAT E G I V I N G T O
S U S TA I N
E X C E L L E N C E

Extramural
funds provide increased educational opportunity
for faculty and students. The momentum
of the Capturing the Spirit Capital Campaign
should be sustained as the university
moves ahead to the 21st century. The progress
of the past six years is remarkable. Every
college dean recognizes the importance
of extramural funds and the sharp advantages
these create in hiring and retaining the
best faculty, recruiting the best students,
and rewarding quality in people and programs.
In the next 25 years the cultivation and
development of private resources for the
institution must continue to be a high
priority.
While
State funding will always be a vital
source of financing, private funds will
enhance Texas A&M University’s ability
to improve on its tradition of excellence
by the year 2020. Texas A&M University
has enjoyed an excellent record of private
support. Many of its fund-raising programs
are considered to be among the best
in the nation. We must continue to expand
and build on the tradition of excellence
in private support at Texas A&M University.
T
A S K F O R C E I D E A
G
O A L S :
-
Quadruple
the private endowment supporting Texas
A&M University. Mount two successful
capital campaigns that increase private
endowment from $700 million to $3
billion.
-
Texas A&M University has long valued
the loyal support of its graduates.
Increase financial support by alumni
to 55 percent of graduates.
|
T
H E U N I V E R S I T Y ’
S F U T U R E I S A
B O U T
E N H A N C I N G R E S O
U R C E S :
The
College of Science will continue
to provide the foundation for
education and training in the
life sciences, the natural sciences,
the medical sciences, the engineering
sciences, the earth sciences,
the information sciences, the
political and human sciences,
and the management sciences. Its
departments’ basic research and
service programs will all reach
world-class status, and the college’s
outreach efforts will make an
even bigger impact on solving
the problems of the state and
nation.
The
College of Science,
Vision for 2020
|
|
|