State Education Budgets

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State Education Budgets Impact College
Prices SREB Fact Book 2003 52nd Annual
Legislative Work Conference Charleston,
SC November 14, 2003
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Budget priorities of state and local governments
have changed.
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Budget Priorities
State and Local Government Budget Priorities,
SREB States
2000
1990
See Table 15 in SREB Fact Book.
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College Funding
SREB Public Four-Year Colleges, Dollar Increases
2001 to 2002
371.3 million
12.9 billion
573.6 million
7.0 billion
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College Funding
SREB Public Four-Year Colleges Dollars
Per-Student Increases 2001 to 2002
Up 19 to 6,931
Up 215 to 3,755
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College Funding
SREB Public Four-Year Colleges Dollars
Per-Student Increases 2001 to 2002 Adjusted for
Inflation
Down 229
Up 88
Down 141
See Table 72 in SREB Fact Book.
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College Funding
Public College and University Budget
Sources, United States
State/local Appropriations
Tuition and Fees
See Table 79 in SREB Fact Book.
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The costs of college for studentsand their
familiesare increasing.
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Tuition and Fees Prices
Increases from 1997 to 2002 for In-State
Undergraduates at Public Colleges (adjusted for
inflation)
White
Black
Hispanic
Four-Year (3,000)
Two-Year Colleges (1,400)
Two-Year
See Page 20 in state booklet.
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Tuition and Fees Prices
Percent of U.S. Median
Public Four-Year Colleges
Public Two-Year Colleges
See Pages 21and 22 in state booklet.
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Per Capita Income
Percent of U.S. Average
See Table 5 SREB Fact Book.
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Going to collegemust be affordablefor more
students...
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because population growth and economic
conditionsmean that demand for higher education
is strong.
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Population Growth
1992 to 2002
33.3 million
Non-SREB states 18.0 million
SREB states 15.3 million
See Page 2 in state booklet.
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Public High School Graduates
Projected 2011 Compared to 2001
See Page 4 in state booklet.
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College Enrollment Growth
Changes 1994 to 2000, SREB States
Total
Black
167,200 now 19 of total
-65,600 still 68 of total
White
See Page 6 in state booklet.
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And, demand for higher education could be and
should be even higher.
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Adults with a College Education
SREB States as a Percent of U.S. average
Percent in SREB States with at least a
bachelors degree
See Page 13 in state booklet.
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And diversity amonggraduates could be and
should be even greater.
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College Attainment Gaps
Adults with Bachelors or or Higher Degrees in
2000
See Page 18 in state booklet.
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Going to collegemust be affordablefor more
students from less advantaged backgrounds.
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Income and Tuition Prices
Percentages of Family Income Required to
Pay Annual Tuition and Fees, SREB States (lowest
fifth of family incomes)
Four-Year College 2002
1997
Four-Year
Two-Year 2002
1997
See Page 24 and 25 in state booklet.
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Student Financial Aid
Percent of First-Time Freshmen Receiving Student
Financial Aid, Public Colleges, SREB States, 2001
White
Black
Hispanic
Four-Year Colleges Universities
Two-Year Colleges
See Page 26 in state booklet.
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For further information contact Joe.Marks_at_SREB
.org 404-875-9211
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