This brief argues for a Higher Education Investment Board – an independent Board incorporating the responsibilities of the California Student Aid Commission and developing information to assist policymakers and consumers in making wise choices.
California needs a mechanism to better understand how we can best meet our goals for more degrees and certificates.
The state should establish a Higher Education Investment Board to carry out high-level planning and analysis, creating a more unified and coordinated system of governance. Investment Board members—who are not linked to any specific institutions—should have a detailed understanding of the:
- Needs of the economy
- Challenges faced by communities in different regions of the state
- Activities and capacity of all higher education providers – public and private
The main focus of the Higher Education Investment Board would be to:
- Develop information to assist state and local policy makers and California consumers in making cost-effective investments in postsecondary education and training to meet the long-term goal of a strong state economy and vibrant communities.
- Arrange for the efficient administration of state student financial aid programs (incorporating the responsibilities of the California Student Aid Commission)
To learn more, read The Road Ahead: Higher Education, California’s Promise, and our Future Economy.