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 was in 2022, the prior year. That makes current public higher ed funding 6.7 percent higher than the 2008 national average.
The findings may come as a surprise to experts who predicted the post-Covid boom in state higher ed support would wane with federal pandemic aid funds.
