ERIC Number: ED261573
Record Type: RIE
Publication Date: 1985-Jun
Reference Count: 0
Higher Education: A Sound Investment.
Miller, Scott E.; Hayes, Mary E.
The benefits of postsecondary education and the federal and state roles in providing financial support are discussed. Benefits at the individual level are that educated people earn more, are more productive, and return a portion of their increased income to the government through taxes. Research conducted at colleges often leads to significant innovation and advancement that contributes to the country. In addition, higher education helps support local economies and communities where the campuses are located. States provide the largest share of financial support for postsecondary education, especially to support public colleges and universities. Although states also provide a growing amount of financial aid to students in all postsecondary sectors, states are under increasing pressures to control taxes and to support many different interests. The federal government is the second largest source of financial support for higher education, especially in the form of student financial aid. Support is also provided for purposes such as research and to help the disadvantaged enter and complete college. Besides financial support from federal-state partnerships, funding has come from students and families, endowment, and private and corporate philanthropy. Support of higher education in the future is addressed. (SW)
Descriptors: College Attendance, Economic Factors, Educational Benefits, Federal Aid, Federal State Relationship, Financial Support, Postsecondary Education, State Aid, Student Financial Aid
National Student Aid Coalition, One Dupont Circle, Suite 540, Washington, DC 20036 ($5.00).
Publication Type: Opinion Papers
Education Level: N/A
Sponsor: National Inst. of Independent Colleges and Universities, Washington, DC.; American Council on Education, Washington, DC.; Carnegie Corp. of New York, NY.; Ford Foundation, New York, NY.
Authoring Institution: National Student Aid Coalition, Washington, DC.