Are your shoulders feeling heavier? How about your kids’? Because the cost of higher education is shifting, and it’s you and me carrying the extra load.
Penny-pinching states have cut funding for colleges and universities. Schools, in turn, have raised tuition to compensate. And it’s the students who are left emptying their wallets — or, more likely, borrowing the cash — to make up the difference.
New estimates from the Center on Budget and Policy Priorities (brought to my attention via The Atlantic) show just how grim the picture has become. On average, states are spending 28 percent less per student on higher education today than they did at the start of the recession five years ago.