![]() Net tuition revenue held steady at $6,902 per full-time-equivalent student, compared with $6,909 in fiscal 2018 and $5,011 in 2009, the report shows, adjusting for inflation. “So we’re coming up to this next one at a worse spot than ever before.”Īs public funding declines, institutions increasingly rely on revenue from tuition and fees. “With every recession, funding for higher ed has had steeper declines and shallower recoveries,” Laderman said. Per-student education appropriations increased 2.4 percent between fiscal 2018 and fiscal 2019, but 2019 marks the “likely end” to post-recession recovery funding, the report states. State funding nationwide is nearly 9 percent below pre-Great Recession levels and 18 percent below where it was before the 2001 tech bust. Public funding for higher education has never been so low going into a recession,” Laderman said. “Think of this year’s report as the next baseline for the recession we’re coming into. But Sophia Laderman, senior policy analyst at SHEEO and lead author of the report, considers it a useful tool as higher education braces for a recession. The fiscal 2019 State Higher Education Finance report was well underway before the coronavirus pandemic tore through higher education budgets. State funding for higher education remains below pre-recession levels and will likely stay that way, a new report from the State Higher Education Executive Officers association shows. ![]()
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