Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Seminar Looks At Ways To Promote Higher Education

KATHY BARKS HOFFMAN

LANSING, Mich. (AP) ⿿ Michigan needs to invest more in higher education to better compete with states like North Carolina, where a four-year education costs $20,000 less, the head of Domino's Pizza said Monday.

"In Michigan this fiscal year, we will dedicate 76 percent more general fund dollars to our prisons than we will to our public universities," Domino's President and CEO J. Patrick Doyle told a Business Leaders for Michigan summit on higher education at the Lansing Center. "In North Carolina, they will spend almost twice as much on universities as they will on prisons."

Doyle said the two states are similar in population, personal income, joblessness, the size of their state budgets and the number of people they have in prison or college. But while Michigan spends $1.1 billion annually on higher education, North Carolina spends $2.5 billion.

According to the State Higher Education Executive Officers, Michigan had the third-highest decline in state support for higher education between 2005 and 2010. In the current budget year, university funding was slashed by 15 percent. That pushed up Michigan colleges' tuition and fees, resulting in an average cost of $38,215 for a four-year degree versus $18,877 in North Carolina, Doyle said. As a result, fewer Michigan residents get degrees.

"Our state cannot afford to continue to continue its recent trend of declining investment in the talent pool of tomorrow," Doyle said. "Michigan faces a very real shortage (by 2025) of nearly 1 million workers with a two-year degree or better, so we need to think about educating and developing our workforce."

Grand Valley State University President Thomas Haas said his university is getting $2,365 per student in state funding this year, while the University of North Carolina system gets $11,000 per student. He supports asking universities to be accountable for making sure students are getting a good value, and said his Allendale-based university has cut the cost for obtaining a degree by 14 percent.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,303.10 8.60 0.06%
NASDAQ 3,459.14 -0.28 -0.01%
S&P 500 1,649.60 -0.91 -0.06%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs