Tuition at Public Colleges Rises to Record Level
College costs climbed to an all-time high in 2012 while state and local funding for items such as operating expenses and student aid fell, a new report shows.
College costs climbed to an all-time high in 2012 while state and local funding for items such as operating expenses and student aid fell, a new report shows. According to the latest State Higher Education Officers Association report, tuition for public colleges and universities rose 8.3 percent for the 2011-2012 school year, pushing the average cost up to $5,189. At the same time, however, funding to the schools dropped 9 percent to a 25-year-low of $5,896.
Think Progress:
The upward trend is likely to continue in 2013, since state governments plan to spend 10.8 percent less on higher education this year than they did in the year prior to the Great Recession. Only 12 states now spend more on higher education than they did before the recession. The decrease in funding has contributed to the six-fold increase in college tuition over the last 30 years.
Still, Americans are graduating from college at record rates, but they are doing so while accruing more debt. The number of Americans carrying student loan debt is at record levels, and that has had consequences throughout the economy, especially since earnings for college graduates are declining.
— Posted by Tracy Bloom.
AS CHAOS UNFOLDS, FIND SOLID GROUND…In this time of unprecedented challenges, independent journalism is more vital than ever. At Truthdig, we expose what power wants hidden and give you the clarity to make sense of it all.
Your donation helps ensure that truth telling continues.
Editorial Cartoons
Environment
To decolonize college campuses, BIPOC students, allies, alumni, and faculty are reintroducing Indigenous growing practices.
A much bigger bribery scandal plays out every day in America—with nary a peep from the media.
In Illinois, students declare financial independence to qualify for tuition help and scholarships.
The senator has distinguished herself this election cycle with a series of policies would level an increasingly tilted playing field.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.