Knowledge Bound: The RSC Blog
Visit us from time to time for news analysis, editorials and facts about education and financial aid.
For news from some of the most trusted names in higher education, visit our Education News page!
| Comments (1)
The Great Recession isn’t just making it more difficult for families to survive today, it’s affecting their future prospects, too. State budget cuts make a college education more difficult to achieve, forcing students to carry greater and greater debt.
Impact of state education budget cuts:
· In the past year, states have cut their education budgets by 8%, or $6 billion. (Roughly half these cuts were produced by a cut in federal funding.)
· 41 states have cut their education budgets over the last 9 years. North Carolina cut it by 1%, New Hampshire by 41%.
· California cut its education budget 26% in the past two years.
This is only K-12 funding, and does not include college funding. Three-quarters of states have cut their funding for public universities since 2002, driving up tuition at these once cheap alternatives to private colleges.
It’s not a pretty picture. So what can students do to improve their chances of a good education amid these budge cuts?
State education budget cuts come in good times and bad; the Great Recession just makes it more noticeable and more severe. When the economy recovers, there’s no guarantee education funding will rebound. We may prefer austerity for years to come.
The United States has lofty education goals, but not the financial wherewithal to pay for it. A failure to educate ourselves now may hurt our economy in the future. If you want a college degree that helps you get ahead, then you need to rely on yourself and your abilities. That’s the true nature of capitalism and the American way: pulling yourself up by your bootstraps
The reality of the American education system is that you can’t rely on the system alone to get ahead. You need to rely on yourself and any outside help you can get.
Find affordable ways to learn and prepare for college. States may have budget shortfall, but your education won’t come up short!
1. Hi, With regard to your statement, " In the past year, states have cut their education budgets by 8%, or $6 billion. (Roughly half these cuts were produced by a cut in federal funding.) · 41 states have cut their education budgets over the last 9 years. North Carolina cut it by 1%, New Hampshire by 41%. · California cut its education budget 26% in the past two years." We are looking for detailed year over year data on these cuts. Do you have any recommendations on where to get the aggregated data on these cuts? Sincerely, Chris
Comment By Chris - Jan 30, 2012 7:13 AM
Leave A Comment