Report: College Affordability in Jeopardy
SAN JOSE, Calif.
Public higher education tuition has soared in the past year as state spending for colleges and universities has dropped sharply, according to a new report on college affordability released last month.
“The states are responding to the budget crisis by passing major cuts on to colleges and universities — and colleges and universities are responding to these reductions by passing on the cost to students and families,” says Patrick M. Callan, president of the National Center for Public Policy and Higher Education. “This is all happening at a time when student financial aid is not keeping pace with increases in tuition.”
“The result was the worst fiscal news for public higher education institutions and their students in at least a decade, as the economic recession struck almost every state,” the report notes.
