What do state budget cuts mean to higher education funding?
Reported by Education Dive, the Federal Reserve Bank of Boston released a new study demonstrating how every dollar cut from state funds dedicated to higher education leads to a $0.17 increase in net tuition and a whopping $0.30 drop in instructional spending at public doctoral colleges in New England.
This report also shows how New England has graduated 21,400 students less than if these budget cuts had not been made, decreasing economic output, research efforts, and patent applications.
The takeaway? Governmental organizations may very well be our allies in defending the economic reality of state funding. So how can we better partner with them to make the case?
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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