High school students who are graduating this year and getting ready to enter college face a higher education system that still hasn't rebounded from the budget cuts of the Great Recession.
Every state except for North Dakota and Wyoming has cut funding for higher education since 2008, and nationwide state spending for public colleges is down 28 percent in the 2013 fiscal year, according to an analysis by the Center on Budget and Policy Priorities. Eleven states trimmed financial support per student by one-third, and Arizona and New Hampshire chopped higher education spending per student in half, the analysis found.
The lack of financial support contributed to rising tuition costs, the CFBP found. As a result, 2013 college graduates are the most indebted class yet.
Younger students have taken a hit too. For K-12 education, the U.S. Census Bureau announced this month that per-pupil spending fell in 2011 for the first time in almost four decades.