Smart Investment Strategy at USNH Strengthens STEM Education
The University System of New Hampshire (USNH), an NEC member, is pursuing a smart investment strategy that will yield dividends for years to come. After switching to a self-insured health plan for its employees, USNH saved $10 million in the last fiscal year largely because of the switch. USNH Chancellor Todd Leach announced that the savings will be reinvested in science, technology, engineering, and math (STEM) education programs.
Universities across the country and politicians across the political spectrum have realized the benefits associated with STEM education. USNH’s focus on these educational areas will help both the current and next generation of students and future workers meet the growing demand for high skilled labor in the modern economy. The funds saved from switching how insurance is provided to employees will allow for an expansion of biostatistics and neuroscience programs at UNH in Durham and for the improvement of computer science and engineering facilities at UNH Manchester. Additionally, Keene State College is engaging the next generation of college students by encouraging students to consider an academic career in the STEM fields.
USNH made a smart administrative decision that allowed them to cut costs while simultaneously increasing the educational opportunities and job prospects for its students. We at the New England Council commend their decision and look forward to seeing the growth in their STEM education programs.