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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