Source: Inside Higher Ed
According to a new report from Pew Charitable Trusts, higher education institutions across the U.S. are still feeling the economic impact of the Great Recession of 2008.
The report notes that at least eight states are still collecting less tax revenue than they did before the recession, and at least 23 states are spending less than they did in higher education now than before 2008.
Though the results varied from state to state, the study found that states had less funds to spend on important elements of higher education, which is usually the “third largest piece of state budgets.”
“This was the most widespread example we encountered of a lingering consequence from the Great Recession,” said Project Director of Pew’s Fiscal 50 project on states’ fiscal health, Barb Rosewicz, as reported by Inside Higher Ed.
The result has been that higher education institutions are relying more on funding from tuition dollars, with public universities collecting 43 percent more from tuition, according to the report.
Read Full Story: Inside Higher Ed