Vermont is spending $931 less per student on higher education than it did five years ago. That’s nearly a 19 percent reduction. It’s less of a plunge than most other states took during the recession—the average decrease was 28 percent—but Vermont was at the back of the pack to begin with.
The Center for Budget and Policy Priorities (CBPP) compiled the numbers using Grapevine stats, which are put out annually by the Illinois State University and widely used for higher education finance research. CBPP’s report, released in March, can be found here.
The Grapevine data for 2013 shows Vermont is ranked 46th in higher education spending per $1,000 of personal income and state spending per capita.