News of the Day: Stimulus Saved Colleges

Inside Higher Ed has an article today on the report by the State Higher Education Executive Officers. The report looks at funding levels for universities. It says:

In the 2009 fiscal year, state support for higher education fell by $2.8 billion to $77.9 billion, but an infusion of $2.4 billion in federal funds largely offset those losses.
...
Just as states were seeing revenues decline, the enrollment boom hit a record high of 10.8 million students at public institutions – an uptick of 3.4 percent between 2008 and 2009. In a predictable pattern for a recession, those students have been carrying a greater share of the cost of their education. Indeed, 37.3 percent of education revenue came from tuition in 2009 -- an increase of 2.6 percentage points in five years, the report notes.

Thanks to the backstop in federal funds, universities all over America were able to keep teaching, even with a higher enrollment.

Learn how the American Recovery and Reinvestment helped backstop education funding gaps at local and state levels allowing teachers to stay in the classrooms and students to learn.

 

Archives

2181 Rayburn House Office Building | Washington, DC 20515 | 202-225-3725
Plugins | Privacy Policy | Republican Views