ERIC Number: ED425788
Record Type: Non-Journal
Publication Date: 1998-May
Reference Count: N/A
Balancing the Books: Affording College in Minnesota.
Minnesota assigns responsibility for paying the price of college to students, families and taxpayers. This document explores how the state determines the financial role of each contributor, offers incentives for families and students to prepare for assuming their share of costs, and discusses how higher education institutions and political leaders can address the price of higher education. It examines student and parent debts, the partial support provided by financial aid, and the limited affordability of higher education as prices rise at public and private educational institutions in the 90s nationwide. Offers suggestions for containing college costs, including: (1) accountability should be increased through performance-based funding; (2) the different higher education institutions should work cooperatively; (3) more collaborations should be formed with businesses and other schools; and (4) the potential for technology to extend geographic reach should be exploited. Included are graphs illustrating the rate at which average annual tuition is likely to continue to rise, earnings needed for annual loan payments, and legislature's maximum allowed college price as it compares to colleges' estimated price. (AS)
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Minnesota State Planning Agency, St. Paul.
Identifiers - Location: Minnesota