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State and Local Higher Ed Spending Falls to 25-Year Low
The latest annual report on state higher education finance by the State Higher Education Executive Officers finds that state and local per student spending fell to its lowest point in 25 years last year. Rising enrollment and stagnant appropriations contributed to the decrease in per student spending. Between 2008 and 2010, state appropriations for higher education remained level, mostly due to federal stimulus funding directed to colleges, according to The Chronicle of Higher Education. An enrollment increase of six percent from 2009, however, lead to a seven percent drop in per student spending in 2010. Read the report...