States are taking on fewer college costs. Who is picking up the bill?
Compared with 2008, at the height of the Great Recession, students by 2022 paid a larger share of their higher education costs while states’ proportion decreased significantly. Those two shifts are the largest in the SHEEO’s study. Students’ share of the total peaked in the last decade at 41.8% in 2013, after which the figure remained above 40% until 2020. Even with the subsequent decline, it still remained 2.7 percentage points above 2008 levels in 2022. The share from states, on the other hand, was nearly 10 percentage points lower in 2022 than it was in 2008.
Read full article [here].
by Ben Unglesbee, Higher Ed Dive.