More Public Colleges Are Pessimistic About Tuition Revenue, Survey Finds
Tuition revenue has increased rapidly at public institutions, which isn’t a surprise, given the budget pain caused by hard-hit state economies. The survey found an 11-percent median increase in net tuition and fee revenue among 96 percent of public colleges. But that trend will change, said the survey’s respondents. The median increase projected by the 81 percent that expect revenue gains is just 4.4 percent, while the median projected decline among the 19 percent predicting a drop in revenue is 5.2 percent. Erin V. Ortiz, an analyst at Moody’s and primary author of the report, said some public institutions are unsure how much more revenue they can raise through tuition. Politicians and students are resisting tuition increases, while 90 percent of the survey’s respondents expect growing financial-aid expenditures.
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by Paul Fain, The Chronicle for Higher Education.
