States Increase Higher Education Funding By 3.7%

forbes | February 05, 2019

The 50 states appropriated a total of $91.5 billion to support their public universities and financial aid programs in Fiscal Year 2018-19. That’s a 3.7% increase over 2017-18 and an 18.2% increase over Fiscal Year 2013-14, according to Grapevine, the annual report of state higher education spending published by Illinois State University’s Center for the Study of Education Policy in cooperation with the State Higher Education Executive Officers.This year’s increase continues a five-year trend of annual increases and is more than twice as large as last year’s uptick of 1.6%. While in general, the figures come as good news, reflecting the continuing recovery of state revenues, they mask considerable variation in support for higher education across the states.  For example:The five largest year-over-year increases were in: Colorado (12%), Utah (8.6%), Hawaii (8.5%), Washington (6.8%) and California (6.6%).Five states decreased their appropriation from 2017-18 levels: South Carolina (-3.7%), Kentucky (-2.4%), Minnesota (-1.4%), Ohio (-.1%) and Alaska (-.1%). Half the states saw increases of 3% or more for the current year. Over the past five years, nine states enjoyed cumulative increases in higher education funding of more than 30% (Colorado, Hawaii, California, Wisconsin, Oregon, Utah, Florida, Nevada, and Idaho), while seven (Oklahoma, North Dakota, Alaska, Mississippi, West Virginia, Kentucky, and Iowa) experienced five-year decreases.

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Spotlight

Training administration can be a challenging as well as time consuming task for training managers. But with the right Learning Management System (LMS), you can breathe a sigh of relief. Read how.An LMS is a centralized platform to administer, monitor and record all trainings, and it can do this with great speed and accuracy than any manual system. You can also make the LMS take care of training plans of individual employees, in addition to managing training, tracking activities, and generating reports them. Here is an infographic that shows what an LMS can do!

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