A New Look at the Institutional Component of Higher Education Finance: A Guide for Evaluating Performance Relative to Financial Resources
| Title: | A New Look at the Institutional Component of Higher Education Finance: A Guide for Evaluating Performance Relative to Financial Resources |
| Author: | Kelly, Patrick J. Jones, Dennis P. |
| Date: | 2005 |
| Catalog #: | |
| Price: | FREE |
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| Description: |
Although state and local governments are working their way out of fiscal crises precipitated by
the national recession of 2001 and the stock market declines of 2000 through 2002, public higher education remains in steep competition with other public sectors for continued state support. These are not entirely unusual times for public higher education. It has on several occasions throughout history dealt with – and recovered from – economic downturns that have squeezed many sources of revenue. However, the most recent recovery is accompanied by rising costs in healthcare, corrections, and sustained efforts to maintain support for K-12 education, leaving higher education as the largest discretionary item in many state budgets. Because of these constraints, there is a general feeling among many state policymakers that higher education is not likely to recover its support as quickly as it has in past economic recessions.
Revised 2007. With Support from The Pew Charitable Trusts. |