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The Road Ahead for America's Colleges and Universities$
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Robert B. Archibald and David H. Feldman

Print publication date: 2017

Print ISBN-13: 9780190251918

Published to Oxford Scholarship Online: July 2017

DOI: 10.1093/acprof:oso/9780190251918.001.0001

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Environmental Threat II

Environmental Threat II

Public Disinvestment

(p.132) 7 Environmental Threat II
The Road Ahead for America's Colleges and Universities

Robert B. Archibald

Oxford University Press

Changes in public funding of higher education have affected cost, price, and access. State budgets have become more volatile in recent years, and this has increased budget uncertainty for public institutions. In addition, the real value of state appropriation has trended downward in most states for many years. Public universities continue to fall further behind selective private competitors in spending per student. Falling quality at many public universities affects time to graduation and graduation rates, and the burden falls disproportionately on less-well-off students. We risk a bifurcation of our higher education system into well-funded selective private colleges and a less selective underfunded public sector that serves the bulk of the nation’s most vulnerable students.

Keywords:   state appropriation, budget uncertainty, private giving, endowment, Bennett hypothesis, Pell Grants

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