VIA NYTimes: Financing for Colleges Declines as Costs RisePosted: March 6, 2013
Just so we’re all clear about this . . . .
State and local financing for higher education declined 7 percent in fiscal 2012, to $81.2 billion, according to the annual report of the State Higher Education Executive Officers Association, and per-student support dropped 9 percent from the previous year, to $5,896, in constant dollars, the lowest level in at least 25 years.
And heres are the key paragraphs, which tie rising costs to degree completion rates:
Over the last 25 years, the share of public university revenues coming from tuition and fees has climbed steadily to 47 percent past year, from 23 percent in 1987. And with ever-higher tuition, full-time college attendance is out of reach for an increasing number of students, which bodes ill for their chances of completing a degree.
“We’ve developed a culture that says part-time study is O.K.,” Mr. Lingenfelter said. “But the more you go to school part time, the less likely you are to finish. We should be providing enough assistance that students can pay attention to their education, and not making a living for a short period of time, so they’ll be prepared to make a good living for a long time.”
Read the full NYTimes article from Tamar Lewin here.