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
Savings (estimated)
|
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 |
NCHEMS study and methodology