A new study from the New York Federal Reserve shows declining state and local financial support for public higher education is causing tuition to skyrocket, increasing much faster than at private colleges.
State Budget Cuts Drive Up Tuition At Public Universities: New York Federal Reserve Report
The average tuition at a four-year public university climbed 15% between 2008 and 2010, fueled by state budget cuts for higher education and increases of 40% and more at universities in states like Georgia, Arizona and California.
Average cost of four-year university up 15%
Ehrhart said the system already has made numerous spending cuts, such as merging its 33 colleges around the state to 25 institutions. The system also has relied more on part-time instructors, who are less costly than full-time teachers.
“They have cut to the bone,” Ehrhart said.
The institutional fee was in response to there being little else to cut, system leaders said. This charge is similar to one the State Board of Regents started in 2009 for students attending the University System of Georgia. That fee was created to offset state budget cuts and was supposed to end this summer. But leaders kept the fee saying the system can’t afford to lose the $210 million a year it brings in.
Higher tuition and fees in the technical system could raise as much as $18 million this year and as much as $42 million next year, Light said.
Technical colleges increase tuition amid state budget cuts | www.ajc.com
As recently as eight years ago, Colorado funded roughly two-thirds of tuition costs; students paid the remaining third, either directly, or through grants, loans, or scholarships. Now this formula is reversed. Students increasingly rely on loans to bridge the gap between what they can afford and what scholarships and grants cover. All public Colorado institutions have been forced to dramatically increase tuition, thanks to state funding cuts.
Commentary: Government cuts = higher tuition | EdNewsColorado
You may argue it's proper to raise it on them, but you can't deny the facts. Cuts translate into higher tuition.