State Support for Colleges Falls 7.6% in 2012

Roger_Dooley · 01-23-2012, 01:57 PM

From the Chronicle of Higher Ed:

Quote:

Total state support for higher education declined 7.6 percent from the 2011 to the 2012 fiscal years...

As a whole, state spending on higher education—after being supported by the recovery-act money for three budget years—is now nearly 4 percent lower than it was in the 2007 fiscal year. Twenty-nine states appropriated less for colleges this year than they did five years ago.

http://chronicle.com/article/State-S...&utm_medium=en

California cutbacks amounted to a quarter of the national total.

Quote:

State spending for higher education fell more than 13 percent in California, and New Hampshire slashed more than 41 percent from its higher-education budget in 2012—the largest percentage decline in the nation. But Montana raised spending for colleges by more than 17 percent over the previous year's total, not counting federal dollars.

mom2collegekids · 01-23-2012, 02:26 PM

The overall decline is also a result of the big drop in higher-education spending in Cali*fornia, accounting for more than a quarter of the total decrease in state support.

At the same time that Calif now will give FA to illegals.

gvnee89 · 01-23-2012, 08:42 PM

According to this article/the map in the article it says Michigan cut appropriations ~12% when I'm pretty sure it was 15%. Still, one benefit the Michigan cut is that the state has cut so much money that you can't really cut state appropriations anymore. My alma mater (Grand Valley State University) receives only about 17.5% from the state and I'm pretty sure the University of Michigan receives only about 15-16% from the state. Like I've elsewhere on CC, I think other states will follow the "Michigan model" and you will see much higher tuition than the current rates in other states. However, I don't think Michigan universities and other states that have cut a lot in the past (Colorado universities comes to mind) will raise tuition nearly as high as everywhere else in the US.

standrews · 01-24-2012, 12:26 PM

This is the higher ed bubble bursting in slow motion.