James Paterson, Education Dive
Adjusted for inflation, state funding for higher education has fallen by more than $7 billion since 2008, before the Great Recession caused deep cuts in spending on public two- and four-year colleges, according to a new report from the Center on Budget and Policy Priorities (CBPP). While state revenues have largely returned to pre-recession levels, higher education funding has been slow to increase. Funding was largely flat from the 2017-18 to 2018-19 academic years, with an average 3.4% increase per student in 18 states and an average 2.6% decline in 31 states.
October 17, 2018
Nearly all states slashed college funding over last decade
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