SARA Return on Investment in SREB States
Saving Time and Money, Broadening Online Offerings
Colleges and universities in the SREB region save about $30 million annually by participating in SARA, according to estimates in a return-on-investment study by the National Center for Higher Education Management Systems. SARA, the State Authorization Reciprocity Agreement, is a nationwide system to offer more high-quality distance education programs for students and ease regulatory burdens on institutions. SREB compact states may participate to offer distance education activities in other states.
|
Initial Authorization |
Annual Renewal Savings (estimated) |
|
|---|---|---|
| Alabama | $ 6,396,800 | $ 1,789,600 |
| Arkansas | $ 2,575,200 | $ 767,400 |
| Delaware | $ 603,800 | $ 160,400 |
| Florida | $ 12,208,000 | $ 3,357,200 |
| Georgia | $ 7,652,500 | $ 2,227,000 |
| Kentucky | $ 8,101,000 | $ 2,381,700 |
| Louisiana | $ 3,147,000 | $ 893,400 |
| Maryland | $ 4,490,000 | $ 1,250,000 |
| Mississippi | $ 3,027,750 | $ 862,250 |
| North Carolina | $ 11,092,000 | $ 3,185,600 |
| Oklahoma | $ 2,701,600 | $ 783,200 |
| South Carolina | $ 5,555,200 | $ 1,588,800 |
| Tennessee | $ 8,904,800 | $ 2,577,600 |
| Texas | $ 11,063,587 | $ 3,034,175 |
| Virginia | $ 6,699,900 | $ 1,907,100 |
| West Virginia | $ 2,479,550 | $ 755,350 |
For the purposes of SARA, Pennsylvania, Puerto Rico, Washington, D.C., and the U.S. Virgin Islands affiliate through SREB.
| Initial Authorization Savings (estimated) |
Annual Renewal Savings (estimated) |
|
|---|---|---|
| Pennsylvania | $10,420,200 | $3,352,200 |
| Puerto Rico | joined after the study | joined after the study |
| Virgin Islands | $ 63,000 | $ 22,000 |
| Washington, D.C. | $ 2,635,500 | $ 797,500 |