Mike Reeser, Chancellor of Texas State Technical College, explains how linking state higher education funding to student post-graduation wage outcomes creates incentive alignment.
“This approach has aligned the best interests of the students, the institution, the taxpayers who support us, and the employers who hire our graduates. All those stakeholders win When the student gets a great job at the end, and we receive our funding.”
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More from Mike Reiser
Insight
Reeser: Practitioner Degrees Generate Returns to Fund Entire Universities
“Those are all degrees that are going to result in outstanding economic impact. That by itself creates a value base that would easily justify the funding for an entire university so that the softer programs, if you will, are carried by those who have a more tan…”
Mike ReiserJan 6, 2022▶ 8:47Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
AssertionSupported
Reeser: Texas funds TSTC based on graduate earnings above minimum wage
“A student attends TSTC for a minimum period of time, and then when they leave TSTC, the workforce system in Texas begins to track them in the work place. They are measured for five years of employment, and then That aggregate earnings amount is compared to wha…”
Mike ReiserJan 6, 2022▶ 10:45Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
AssertionSupported
Reeser: TSTC short-term programs match two-year credential earnings
“We have some short-term programs, say one or two semesters that rival the earnings of a two-year credential.”
Mike ReiserJan 6, 2022▶ 14:19Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
AssertionPartly supported
Reeser: TSTC refunds full tuition if graduates lack jobs within six months
“We have six programs right now that are subject to, and we aren't aware of another college doing this, our money back guarantee program. What that means is if a student graduates from that program and they work earnestly with our placement professionals and th…”
Mike ReiserJan 6, 2022▶ 22:30Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
AssertionContradicted
Reeser: Six of TSTC's top seven executives have corporate backgrounds
“If you look at the executive team at TSTC of the top seven executives that we have. Six of them came out of corporate America.”
Mike ReiserJan 6, 2022▶ 30:56Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
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