Trends & Indicators Archive: Finance 2014

Finance 2014

The cost of college affects a variety of constituents: the federal government, states, institutions, private foundations and organizations, students and families and whole communities. This section will explore how the cost of college has changed over time through the lens of states and institutions. For data and research on what paying for college looks like for New England students and families, head over to Affordability Trends & Indicators.

  • New England as a region—including each individual state—invests less per $1,000 of personal income to support higher education than the national average, and this support has been steadily declining in the past decade.
  • This has put pressure on both public and private institutions to rely more heavily on tuition and required fees revenue to balance their budgets, especially at public 4-year institutions.
  • In each institutional sector, instruction, academic and institutional support, and student services account for more than three-quarters of spending on essential education activities.
  • While most institutional sectors dedicate a greater share of expenses to academic and institutional support and student services than to instruction, the share dedicated to instruction has been rising for most sectors in the past decade.

Figure FIN 1: State Fiscal Support for Higher Education per $1,000 in Personal Income, Fiscal Years 2005-14

Fig_FIN01_2014

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Source: State Higher Education Executive Officers State Higher Education Finance and Illinois State University Center for Higher Education and Education Finance reports, Fiscal Years 2005-13


Figure FIN 2: Core Revenues by Source in New England by Institutional Sector, 2011-12

Fig_FIN02_2014

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Source: U.S. Department of Education


Figure FIN 3: Tuition and Fees as a Share of Core Revenues in New England by Institutional Sector (Private Institutions Only), 2005-12

Fig_FIN03_2014

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Source: U.S. Department of Education


Figure FIN 4: State Appropriations and Tuition and Fees as Shares of Core Revenues in New England by Institutional Sector (Public Institutions Only), 2005-12

Fig_FIN04_2014

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Source: U.S. Department of Education


Figure FIN 5: Core Expenses by Source in New England by Institutional Sector, 2011-12

Fig_FIN05_2014

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Source: U.S. Department of Education


Figure FIN 6: Instruction as a Share of Core Expenses in New England by Institutional Sector, 2005-12

Fig_FIN06_2014

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Source: U.S. Department of Education


T&I Archives: Click below to view Financing Higher Education information from previous Trends & Indicators coverage:


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