Higher education funding slumps as economy bounces back

According to a new report at the Center on Budget and Policy Priorities, public colleges and universities across the country have cut staff and programs, even though the economy has been recovering in the past few years.

State higher education spending per student, adjusted for inflation, is down 20 percent—or $1,805—between the 2008 and 2015 fiscal years, according to the report. Tuition, meanwhile, is up 29 percent, or $2,068, on average.

Over the period, per-student spending was up in just three states, rising 35.5 percent in North Dakota, 5.4 percent in Wyoming and 3.9 percent in Alaska. The remaining states have all cut higher education funding, with 31 cutting per-student funding by more than 20 percent.

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