Public Colleges Relying More on State Funding
This year’s State Higher Education Finance report revealed that for the second straight year, public colleges and universities are depending more on state funding and less on tuition revenue. The study found that tuition made up 46.5 percent of public college revenue in 2015, marking another drop from the 47.8 percentage recorded in 2013. While public higher institutions are slowly recovering from pre-recession levels, the study also noted that state funding remains uneven across the country. For the full scoop on the State Higher Education Finance FY 2015 report, visit the Inside Higher Ed website.
Study Ties Tuition Costs to Financial Aid Availability
A working paper by the National Bureau of Economic Research has tied high college tuition costs to the availability of student aid. According to the study, increased assistance and the introduction of an unsubsidized loan program are driving tuition prices higher since colleges know financial aid will make up the difference. The idea, however, is questioned by a College of William & Mary professor who believes tuition costs are tied to the wealthiest students’ ability to pay. For more on the high cost of tuition , visit the Inside Higher Ed Web site.