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.