The COVID-19 pandemic negatively impacted enrollment, a continuation of the decline ongoing since 2010. Two-year colleges are highly dependent on tuition revenue. Consequently, the pandemic exacerbated the postsecondary economic crisis, as 2-year institutions faced financial hardship amidst enrollment uncertainties. In response to the pandemic,…

Funding for public higher education has been cut in Kentucky in the decade starting 2008 (Spalding, 2019). Due to several contributing factors, including entitlement programs, healthcare costs, the great recession, and other competing demands at the state level, this is a nationwide trend and is not predicted to reverse any time soon. This funding…

Adequacy of funding for public institutions of higher education in the United States is significantly important to an array of stakeholders, including, state legislative bodies, decision-makers in the arena of higher education, and notably, consumers of higher education. State allocation of resources for higher education demonstrates variability,…

Operating revenue for public higher education is derived from several sources, such as state appropriations, tuition, room and board, and contracts. State funding in particular constitutes a large share of revenue and is consequently critical for improving enrollment, completion, and labor market outcomes. However, states differ in how…

For nearly three decades, public colleges and universities in the United States have suffered a sharp decline in the level of state funding that they receive (Chronicle, 2014). As a result, in order to remain not even competitive but simply financially stable, institutions of higher education have found it necessary to seek other means and sources…

Increased college-going and attainment comes with a host of benefits for individuals and society. A college credential is associated with increased civic engagement, volunteering, happiness, life satisfaction, and better health and wellness, as well as lower incarceration rates and reliance on social services. In this paper, the authors examine…

Since 1979 more than thirty states have adopted "performance funding" for public institutions of higher education. Under performance funding, a portion of the state appropriations for each institution is determined by the institution's achievement of performance goals on such metrics as retention and graduation. We argue that several…

For years, rising tuition costs have dominated the conversation around college affordability. This report examines the average education costs for students attending both two-year and four-year colleges within the State University of New York (SUNY) and City University of New York (CUNY) systems. This report also compares costs to average grant…

Grant aid -- whether based on financial need, merit, or a combination therein -- is the primary form of financial aid awarded by states. States use grant aid to encourage academic preparation, enhance access to postsecondary education, affect students' choice of college, support persistence, and reduce out-of-state migration. State grant aid…

Outcomes-based funding (OBF) has become an increasingly common tool for states seeking to improve student outcomes, and the inclusion of certificates in OBF policies has been subject to considerable scrutiny. But studying the effects of OBF on certificates is exceptionally challenging. Certificates vary greatly in length, type, and labor market…

In 2012, more than five percent of all postsecondary students were veterans or currently serving in the military, and 43% attended a public 2-year institution (Ahern, Foster, & Head, 2012). The Collegiate Veteran Affairs Program, at a public 2-year college in the southeastern part of the United States, serves as the point of contact for…

In 2010, total student loan debt surpassed total credit card debt held by Americans. About two years later, total student debt broke the psychologically huge $1 trillion mark. These milestones brought to a boil long-simmering frustration with college price growth that has outstripped normal inflation, household income changes, and even…

As the COVID-19 pandemic is proving, maintaining student financial wellness is key to keeping students enrolled. The Student Financial Wellness Survey (SFWS) was open from October 2020 to November 2020. The COVID-19 pandemic and the associated economic crisis were prominent concerns for students as they navigated a mostly remote learning…

This publication provides governmental and higher education decision-makers a statewide perspective of Arkansas public higher education finance for the 2021-23 biennium, as well as trends for the past several years. It also contains a detailed financial profile of each institution and presents a basis for comparative assessments of revenue sources…

State-level performance-based funding (PBF) policies are an increasingly common way to allocate funds to public colleges and universities. While a growing body of research has examined whether these policies are effective in improving student outcomes, little is known about how colleges respond to PBF policies. In this paper, we examine whether…