Thursday, March 28, 2013

College students face another round of sticker shock - John W. Schoen, NBC News

On average, states are now spending more than $2,500 less per student than they did five years ago, when the Great Recession blew a large hole in most state budgets. That 28 percent spending cut has forced an average tuition increase of $1,850 per student over the same period. It’s also forced schools to continue to look for ways to cut back, according to Phil Oliff, a CBPP policy analyst who prepared the report. “They’ve eliminated faculty positions and increased class sizes, frozen staff salaries and instituted furloughs, cut course offerings and even entire departments, closed down computer labs and cut library services, among other cost-saving actions,” Oliff said. http://www.nbcnews.com/business/economywatch/college-students-face-another-round-sticker-shock-1C8954755