>The reason we have seen tuition rates go up at public schools is precisely because their share of taxpayer funding has been cut
I think it's a bit much to claim this as the sole or even main reason. Tuition has gone up because it can. People are willing to pay it because, who cares, it's just a loan. Not money out of pocket.
Federally sponsored programs UP $20 million from previous year. Local programs up more than $2 million. These more than offset state-level funding being down $6 million, and that $6 million is a drop in the bucket of $1.6 BILLION in operating revenues. Over $200 million increase in net worth in that year alone, and over $1 BILLION in net increase the year before.
Schools are not hurting for money. Tuition students pay is less than half of the money they make. Tuition does not go up because it needs to, it goes up because they want it to and because it can.
UT could make tuition and fees literally $0 for everyone and they'd still be profitable over the past two years.
I think it's a bit much to claim this as the sole or even main reason. Tuition has gone up because it can. People are willing to pay it because, who cares, it's just a loan. Not money out of pocket.
Look at the financials from University of Texas for FY 2014-2015: https://utexas.app.box.com/v/annual-financial-reports/1/8167...
Federally sponsored programs UP $20 million from previous year. Local programs up more than $2 million. These more than offset state-level funding being down $6 million, and that $6 million is a drop in the bucket of $1.6 BILLION in operating revenues. Over $200 million increase in net worth in that year alone, and over $1 BILLION in net increase the year before.
Schools are not hurting for money. Tuition students pay is less than half of the money they make. Tuition does not go up because it needs to, it goes up because they want it to and because it can.
UT could make tuition and fees literally $0 for everyone and they'd still be profitable over the past two years.