State Higher Education Funding
Nationally, "state and local education appropriations per full-time student increased for the eighth consecutive year in the 2020 fiscal year, rising by nearly 3 percent, according to the State Higher Education Executive Officers Association's latest State Higher Education Finance report. Higher education appropriations per full-time-equivalent student increased by 2.9 percent after adjusting for inflation, to an average of $8,636 in the 2020 fiscal year, which began July 1, 2019, and ended June 30, 2020. Combined, state and local support totaled $108 billion. That figure includes $428 million in federal stimulus funding, which helped offset midyear spending cuts implemented by some states in response to the pandemic." Learn more here.