Program removals, staff and faculty losing their jobs and closures of college campuses around the nation. Sounds like a concern? State funding has been at a downward slope for many of years.. This leaves institutions no choice but to increase tuition. Today’s economy as a degree driven market. Which force student to enroll in colleges to pay the prices, to select a degree, to hopefully graduate with the intention of landing a promising career.
Since the recession funding for both public two year and four year institutions are around $10 billion dollars less than years before the recession. After most states committed to improving to a high quality and more affordable system for higher education. This model will create a more involved middl class and future boss owners in their communities. The cost of teaching at higher education institutions was nearly 54% of the funding. Institutions had to increase tuition and cut varies of services offer to balance the cost. The increase of tuition has made the cost of college unaffordable. Research show that over the last 20 plus years, the cost of college has increased a lot more rapidly than the median income for workers.
The Obama administration has proposed increasing the maximum Pell Grant award to keep pace with inflation. In the journal Economics of Education Review finds for every $1,000 cut from per-student state and local appropriations, the average student can be expected to pay $257 more per year in tuition and fees.
When is comes to losing funding there are a few options. Most colleges and university turned to reducing the number of jobs or eliminating departments. They also raised money through endowments, fundraisers, and grants. Most colleges relied on tuition increases. North Carolina and Wyoming policy markers constituted that public institutions should be as close to free as possible.
Enrollment increase during the recession. College cost increase had a major impact on students from low-income households. During 1980s and 1990s states saw the largest separation between high income and low income youth enrolling in colleges in Thomas Kane research in 1995. Studies show a college degree helps student enter into the middle class or even higher. College graduate are side to make at-least $12,000 dollars a year more than a person who never attend college.
I purpose a question, Why can’t we allocate money from Elementary and secondary education, Medicaid, and corrections to increase the budget for Higher Education to