Return to the Latest

The ‘New Normal’ of Higher Ed Funding: Students Footing the Bill

“While state and local funding for higher education again inched up in 2014, according to a report released Monday, overall financial support is still below levels seen just before and during the Great Recession and public colleges remain heavily dependent on tuition revenue.

An annual report from the State Higher Education Executive Officers Association found state and local funding for higher education grew 5.7 percent between 2013 and 2014, reaching $86.3 billion. At the same time, public colleges and universities drew in $64.3 billion in net tuition revenue, accounting for about 47.1 percent of public higher education revenue – a slight decline from 47.7 percent in 2013 and the first drop since 2008, but still evidence of schools’ dependence on tuition dollars.” Read more at US News and World Report.