In 2019, average state funding per full time college student was still lower than the 2009 levels, the beginning of The Great Financial Crisis. Given projected reductions in state revenues for 2020, higher education leaders will likely again experience reductions in state subsidies starting this fall, as we discussed earlier.
Students would be wise to understand how reduced funding may effect the quality of their education by investigating the likelihood of tuition increases and plans for the university to reduce staff and faculty. Then, before choosing to submit an application to a particular college or enrolling in a college, students and their parents can more likely find the value they seek in a college experience.
Graph courtesy of the State Higher Education Executive Officers Association
Jill, a Harvard trained educator, advises families about complex educational decisions, with understanding of the educational process from Pre-K through graduate school. Contact her at jill@creativemarbles.com for more information.
