Date of Award


Degree Name

Doctor of Education


College of Education

Type of Degree


Document Type


First Advisor

Powell E. Toth

Second Advisor

Dennis M. Anderson

Third Advisor

Robert B. Bookwalter


This study utilizes six-year graduation rates and E&G expenditures for the population of all public, four-year or more degree-granting institutions in the United States, as reported in the National Center for Educational Statistics’ IPEDS database, to examine the correlation between graduation rate and institutional expenditures expressed as percentages of total institutional E&G expenditure. Results of this study’s partial correlation analysis revealed there is not a strong correlation between graduation rate and levels of E&G expenditures. Further, the study showed that the proportions of E&G expenditures do not vary appreciably at institutions with the highest, lowest, or mid-level six-year graduation rates. Public higher education administrators, politicians, and policy makers faced with the challenge of improving graduation rates should be made aware that higher graduation rates cannot be “bought” by striving for optimal resource allocation levels.