The Slow Climb

Career College Central summary:

  • State and local support for higher education is crawling out of the hole of the recession, according to a report released today by the State Higher Education Executive Officers. Three states spent more in fiscal year 2013 than in fiscal year 2008 – and without the help of federal stimulus money. A full 30 states increased their spending since last year.
  • Nationally, spending per full-time-equivalent student is $6,105, still below the $7,924 mark in 2008. All told, state and local governments spent $81.6 billion on higher education in the last budget year, which ran from July 2012 to the end of June 2013 in most states.
  • The increases in some states seem likely to continue, which means the “slow climb up is now beginning,” said SHEEO President George Pernsteiner.

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