The State Higher Education Executive Officers has released a detailed report about state aid for higher education and college-enrollment trends, including documentation that the one-year growth in state and local spending on public and private colleges was 5.7 percent in the fiscal year that for most states ended in June 2008, before the financial cataclysm on Wall Street worsened state and national budgets. After adjusting for enrollment growth and inflation, the increase from the 2007 fiscal year to the 2008 fiscal year in per-student state and local aid for higher education was 0.6 percent.
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2 Responses to State Spending on Higher Education Rose by 5.7% in 2008
dwbdjp2 - August 21, 2009 at 4:10 pm
Apres’ that, le deluge…..
jesor - August 21, 2009 at 4:18 pm
So, adjusing for inflation and enrollment growth, the real number was 0.6%……Wow, that’s a tremendous increase in investment, next thing you know they’ll give us an option between a furlough day and paying to use the drinking fountain.