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

Earn your master’s degree in software engineering online from Grand Canyon University. GCU, a Christian University, is one of the largest and fastest-growing universities in the country. Our dynamic online learning environment is backed by the legacy of our vibrant traditional campus located in beautiful Phoenix, Arizona and ranked top 20 for Best College Campuses in America.

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