Category: Education Economics

July 25, 2024

A state audit of New College of Florida found that officials overpaid employees and vendors and failed to collect more than $160,000 in outstanding student balances, The Tampa Bay Times reported. The audit is largely focused on financial missteps between […]

July 16, 2024

It’s no secret that high school students are looking at the prospect of college more skeptically, and a large part of their hesitation comes from worry about taking on thousands of dollars in student loans. It’s only natural that they would experience sticker […]

July 9, 2024

espite doom-and-gloom news about lean state budgets and dwindling federal pandemic-relief funds, some community colleges have successfully staved off cuts this budget cycle, to the great relief of campus leaders and advocates. They say these spells of good fortune show growing […]

June 25, 2024

S&P analysts view the covenant breaches as a symptom of pressure on colleges, many of them smaller and private. In their report, they point to the impact of several tough years on the higher education sector. “At the start of […]

June 24, 2024

True to Gov. Gavin Newsom’s promise, the 2024-25 budget compromise that the Legislature announced Saturday and will pass this week will spare TK-12 and community colleges from cuts that other state operations will bear. TK-12 funding will be flat and […]

June 3, 2024

This is a tough summer of budget cuts, forcing many districts to reduce staff and cut back on purchases. For school and district technology leaders, the end of the school year also means the end of billions of dollars of […]

May 20, 2024

Democrats are calling on Senate appropriators to boost funding for the Pell Grant program for fiscal year 2025. In a letter sent Monday, provided first to Inside Higher Ed, a group of senators urged the Labor, Health and Human Services […]

May 14, 2024

Americans with more education vote at higher rates. In the 2020 presidential election, 77 percent of eligible voters who had attended or graduated from college and 90 percent with post-graduate studies cast a ballot compared to 54 percent of voters […]

May 13, 2024

The average main instructional school building in the U.S. is about 49 years old, with 38% built prior to 1970, according to a survey by the National Center for Education Statistics. While the White House Summit primarily focused on energy […]

May 8, 2024

State higher ed funding rose by 3.7 percent beyond inflation in fiscal year 2023, according to the latest State Higher Education Finance (SHEF) report. It’s the second time since 2008 that state higher ed funding surpassed pre-recession levels; the first […]

May 7, 2024

While inflation has slowed from historic levels, costs for universities remain high and a source of financial pressure, especially when coupled with enrollment declines. Common Fund Institute’s latest Higher Education Price Index forecasts the overall inflation rate on colleges’ costs […]

May 1, 2024

The Art Institutes — which at one time had more than 50 locations — closed its eight remaining colleges last fall following several troubled years.. The first Art Institute was founded in Pittsburgh in 1921 and was acquired by Education […]

April 17, 2024

A week after previewing its plans to provide debt relief for 26 million Americans, the Biden administration is taking the next step this week to making it a reality. Today, the Education Department published the proposed regulations that will enable […]

April 12, 2024

President Biden’s new plan to forgive some or all student loans for 26 million Americans would cost about $84 billion over 10 years, according to economists at the Penn Wharton Budget Model, a nonpartisan research organization at the Wharton School […]

April 3, 2024

From protecting reefs and fighting climate change to purchasing a Nuclear Magnetic Resonance spectrometer, projects for colleges and universities funded in the latest federal budget run a wide gamut. Colleges and universities are planning to put more than $1.3 billion […]

March 25, 2024

Congress voted late last week to approve a 2024 fiscal year budget for agencies covered by six of its 12 annual appropriations bills, belatedly completing its work nearly halfway into the fiscal year. Members of Congress had approved legislation covering […]

March 20, 2024

The final chapters of Elementary and Secondary School Emergency Relief (ESSER) funding are drawing near. The imminent end of ESSER funding has pushed school districts to a critical juncture, compelling them to confront budget deficits for the upcoming 2024-2025 school […]

March 11, 2024

The Biden administration is proposing a 3.9% increase over fiscal 2023 for the U.S. Department of Education, for a total of $82 billion in discretionary funding for early learning, K-12 and higher education in its fiscal year 2025 budget released […]

February 27, 2024

According to the NAEYC analysis of survey responses from 10,128 early childhood educators nationwide, 55% of all respondents said they knew of at least one child care program closing in their community in the past six months. Only 30% were […]

February 15, 2024

Endowment returns for fiscal year 2023 are up 7.7 percent according to the latest study by the National Association of College and University Business Officers and Commonfund. That marks a reversal of fortunes after returns fell by 8 percent in […]