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This is a significantly underappreciated cause of the student debt crisis. People love to harp on overpaid or unneeded administrators and buildings but they are
by telchar 7y ago
This is a significantly underappreciated cause of the student debt crisis. People love to harp on overpaid or unneeded administrators and buildings but they are largely unaware of how much state budget cuts have contributed to rising tuition. My public alma mater gets well under 10% of their funding from the state at this point.
- ghobs91 7y agoThen what's the explanation for the thousands of private non-profit universities who have never received state funding?
- fastaguy88 7y agoThey charge 2-3X higher tuition. In the US, 4-year private (non-profit) college tuition averages somewhere around $60K/year, while 4-year public (in-state) college tuition is closer to $20K. Out of state tuition is much higher, and state schools make a "profit" on out of state student ($50K tuition). But they are still competitive because similar private colleges cost even more.
- notfromhere 7y agoTuition was never the main revenue source for universities, hence why students are paying such a high burden