Adequacy of funding for public institutions of higher education in the United States is significantly important to an array of stakeholders, including, state legislative bodies, decision-makers in the arena of higher education, and notably, consumers of higher education. State allocation of resources for higher education demonstrates variability,…

Funding for public higher education has been cut in Kentucky in the decade starting 2008 (Spalding, 2019). Due to several contributing factors, including entitlement programs, healthcare costs, the great recession, and other competing demands at the state level, this is a nationwide trend and is not predicted to reverse any time soon. This funding…

Operating revenue for public higher education is derived from several sources, such as state appropriations, tuition, room and board, and contracts. State funding in particular constitutes a large share of revenue and is consequently critical for improving enrollment, completion, and labor market outcomes. However, states differ in how…

For nearly three decades, public colleges and universities in the United States have suffered a sharp decline in the level of state funding that they receive (Chronicle, 2014). As a result, in order to remain not even competitive but simply financially stable, institutions of higher education have found it necessary to seek other means and sources…

Increased college-going and attainment comes with a host of benefits for individuals and society. A college credential is associated with increased civic engagement, volunteering, happiness, life satisfaction, and better health and wellness, as well as lower incarceration rates and reliance on social services. In this paper, the authors examine…

Since 1979 more than thirty states have adopted "performance funding" for public institutions of higher education. Under performance funding, a portion of the state appropriations for each institution is determined by the institution's achievement of performance goals on such metrics as retention and graduation. We argue that several…

Grant aid -- whether based on financial need, merit, or a combination therein -- is the primary form of financial aid awarded by states. States use grant aid to encourage academic preparation, enhance access to postsecondary education, affect students' choice of college, support persistence, and reduce out-of-state migration. State grant aid…

Outcomes-based funding (OBF) has become an increasingly common tool for states seeking to improve student outcomes, and the inclusion of certificates in OBF policies has been subject to considerable scrutiny. But studying the effects of OBF on certificates is exceptionally challenging. Certificates vary greatly in length, type, and labor market…

In 2010, total student loan debt surpassed total credit card debt held by Americans. About two years later, total student debt broke the psychologically huge $1 trillion mark. These milestones brought to a boil long-simmering frustration with college price growth that has outstripped normal inflation, household income changes, and even…

This publication provides governmental and higher education decision-makers a statewide perspective of Arkansas public higher education finance for the 2021-23 biennium, as well as trends for the past several years. It also contains a detailed financial profile of each institution and presents a basis for comparative assessments of revenue sources…

State-level performance-based funding (PBF) policies are an increasingly common way to allocate funds to public colleges and universities. While a growing body of research has examined whether these policies are effective in improving student outcomes, little is known about how colleges respond to PBF policies. In this paper, we examine whether…

This publication provides governmental and higher education decision-makers a statewide perspective of Arkansas public higher education finance for the 2019-21 biennium, as well as trends for the past several years. It also contains a detailed financial profile of each institution and presents a basis for comparative assessments of revenue sources…

Both the published tuition and fee prices of colleges and universities and the net prices students pay after subtracting grant aid and tax credits and deductions continued to rise between 2016-17 and 2017-18, even after adjusting for inflation. Average net prices in 2017-18 remain lower at public two-year and private nonprofit four-year…

Accelerating Opportunity (AO) combined integrated career pathways at two-year colleges with team teaching, acceleration strategies, supportive services, and policy changes. It aimed to help low-skilled adults earn occupational credentials, obtain well-paying jobs, and sustain rewarding careers. This final implementation report documents activities…

In 2016-17, published tuition and fee prices rose slightly less than the year before. The rapid price growth observed during the Great Recession has abated, as typically happens when the economy recovers, but the rate of increase in tuition and fees continues to exceed inflation. More notable, however, is the pattern of the net prices students…