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Tuesday, January 06, 2015

Ind. Gov't. - "Students cover more of their public university tuition now than state governments"

That is the headline to a story today in the Washington Post, reported by Danielle Douglas-Gabriel. It begins:

Students are paying a bigger chunk of the bill just as more of them are going to public colleges. The number of students enrolled in public colleges rose by 20 percent from the 2002-2003 school year to 2011-2012, according to the report. Meanwhile, median state funding per student fell 24 percent, from $6,211 in fiscal year 2003 to $4,695 in fiscal year 2012.

Although states began reducing their contributions to higher education costs a decade ago, the GAO said the collapse of the financial markets in 2008 caused a precipitous decline. State budgets were rocked by the recession and legislatures responded by slashing higher education funding by 23 percent per student, according to the Center on Budget and Policy Priorities, a think tank.

Left in the lurch, universities raised tuition to make up for the funding shortfall. As a result, the sticker price at public colleges has increased an average 28 percent above the rate of inflation since the 2007-2008 school year, according to the budget think tank. The trouble is that federal grant aid and other free money has not kept pace with the cost of going to school.

The story is based on a new, 45-page United States Government Accountability Office report, titled "State Funding Trends and Policies on Affordability."

Posted by Marcia Oddi on January 6, 2015 08:52 AM
Posted to Indiana Government