From the press release:
201 7, for the first time in our nation’s history, more than half of all states relied more heavily on tuition dollars to fund their public systems of higher education than on government appropriations, despite increased state and local support for public colleges and universities. That’s the overarching narrative of the State Higher Education Finance (SHEF) FY 2017 report, a comprehensive, nonpartisan analysis of educational appropriations, tuition revenue and enrollment trends in all 50 states, released today by the State Higher Education Executive Officers Association (SHEEO).
In FY 2017, states saw a moderate increase in state and local support for higher education, along with a slight increase in tuition revenue and nearly no change in full-time equivalent (FTE) enrollment. Yet despite five straight years of increases in public investments, constant dollar state support of higher education per FTE student remains $1,000 lower than before the 2008 Great Recession and $2,000 lower than before the 2001 dot-com crash. What’s more, states are increasingly dependent on tuition revenue as a major funding source for public colleges and universities, which could pose significant sustainability challenges as states continue their efforts to increase the percentage of their residents with some education beyond high school to meet their workforce needs. ….
….Five key takeaways from this year’s report include:
1. Overall, states moderately expanded their support for higher education in FY 2017. ….
2. State financial aid for students attending public institutions reached an all-time high. ….
3. For the first time, more than half of all states relied more on tuition than on government appropriations to finance their systems of higher education. ….
4. Total educational revenues are at the highest level since 1980. ….
5. Full-time equivalent (FTE) enrollment continues to taper, though not significantly. ….