A little known fact: As states cut higher education funding out of their budgets, state universities are becoming MORE expensive than elite, private universities. But public perception hasn't caught up with the trend. What's going on here?
The annual Grapevine study of state spending on higher education finds that money allocated to state schools decreased by 7.6% this year — the largest decline in 50 years. The cuts varied from as little as 1% in Indiana to as much as 41% in New Hampshire because the federal money from the 2009 stimulus legislation is finally running out.
Please share this to raise awareness. And to all you cash-strapped aspiring college students — looks like your best bet might be to set your sights on Harvard!