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- W1544708998 abstract "This special issue of the Journal of Education Finance was compiled at a time of considerable economic uncertainty. The United States is recovering from what has been termed the worst economic downturn since the Great Depression (Willis 2009). These economic conditions have had a profound impact on the U.S. According to the Center on Budget and Policy Priorities, “The worst recession since the 1930s has caused the steepest decline in state tax receipts on record. State tax collections, adjusted for inflation are now 12% below pre-recession levels, while the need for state-funded services has not declined” (McNichol, Oliff, and Johnson 2011). One area of state funding that has been particularly hard hit has been higher education. State funding is an important component of higher education budgets comprising 58.5% ($78 billion) of general operating expenses nationally in FY2009 (SHEEO 2010). However, state funding for higher education declined in this most recent economic downturn. “After adjusting for inflation, state appropriations per full-time equivalent (FTE) student declined by 9% in 2008– 09 and by another 5% in 2009–2010. Federal stimulus funds accounted for 3% of these state appropriations in 2008–2009 and 5% in 2009–2010” (College Board 2010). These declines would have been more severe in 2009 and 2010 if not for federal stimulus funds from the American Recovery and Reinvestment Act passed by Congress in 2009. Cuts in state funding for higher education have often led institutions to turn to students and families as an alternative revenue stream. “Over the decade from 2000–2001 to 2010–2011, published tuition and fees at public four-year colleges and universities increased at an average rate of 5.6% per year beyond the rate of general inflation” (College Board 2010). Taken together, these economic conditions have led to substantial hardship and have brought to the fore important issues of higher education finance. This special issue gathers together empirical scholarship on higher education finance that seeks to better understand these changing economic contexts and" @default.
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- W1544708998 date "2011-01-01" @default.
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- W1544708998 title "Introduction to the Special Issue on Higher Education" @default.
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