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ERIC Number: ED368303
Record Type: RIE
Publication Date: 1994-Apr-7
Pages: 46
Abstractor: N/A
Restructuring Higher Education Finance: Shifting Financial Responsibility from Government to Students.
Mortenson, Thomas G.
This study documents the redistribution that began about 1980 of responsibilities for financing higher education from social resources to private resources. It also examines the issues of affordability of higher education that arises from this shift in financial responsibility. Five sets of national data from different sources are examined to identify when the share of federal, state, and local government resources allocated to higher education reached their peaks, and to measure by how much these shares have declined between the peak and the most recent year of available data. As social resource commitments to higher education have declined, students and their families have assumed a greater share of the costs of higher education. Individuals are shown to be now paying about 138 percent of the 1980 level of effort. This shift in responsibilities for financing higher education has clear implications for the affordability of higher education by students and their families: only 18 to 38 percent of all freshmen come from families not requiring any financial aid. These trends argue for governments to become more concerned about meeting the financial needs of the needy population. Contains 11 references. (GLR)
Postsecondary Education Opportunity, P.O. Box 127, Iowa City, IA 52244 ($10 first copy, $8 each additional copy).
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
Education Level: N/A
Audience: Administrators; Practitioners
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Note: Paper presented at the Annual Financial Aid Research Network Conference of the National Association of State Scholarship and Grant Programs and the National Council of Higher Education Loan Programs (11th, San Francisco, CA, April 7, 1994).