A new study examining Florida’s higher education landscape says independent colleges and universities are delivering an enviable ROI.
The ICUF and EASE Efficiency Study, released Wednesday by the Independent Colleges and Universities of Florida, evaluates tuition costs, student access, operational efficiency and taxpayer return across Florida’s higher education system.
Conducted by the Regional Economic Consulting Group, the analysis measures how efficiently the state’s private, not-for-profit universities convert public funds into economic growth.
“With less than 2% of the state’s higher education budget, ICUF institutions produce 20% of all undergraduate degrees awarded in Florida,” ICUF President and CEO Bob Boyd said. “That includes 28% of nursing degrees, 25% of teaching degrees and more than half of Florida’s professional and graduate degrees. That’s an extraordinary return for Florida taxpayers.”
The study also highlights the Effective Access to Student Education program, a state-funded voucher that provides $3,500 per student for Florida residents attending independent universities, including ICUF’s 30-member institutions. The research showed that institutions receiving EASE funding are punching above their weight.
“Florida’s higher education success story is built on a diverse ecosystem,” Boyd said. “This study shows that independent, nonprofit colleges are an essential part of that system. We are delivering results, maximizing taxpayer dollars and expanding opportunity for Florida students.”
