ERIC Number: ED505643
Record Type: Non-Journal
Publication Date: 2005-Sep
Reference Count: N/A
The State of Higher Education in the Midwest. Chicago Fed Letter. Number 218
Mattoon, Richard H.
Federal Reserve Bank of Chicago
Home to several excellent universities and colleges, the Midwest has long benefited from the region's strong higher education system. However, with projected demographic changes and state support declines, institutions of higher learning face significant challenges in the years ahead. The author identifies two trends: (1) Increasing shift towards an older and more ethnically diverse student population; and (2) Eroding state financial support. Suggested responses include: (1) Pricing tuition closer to real resource cost and using additional financial aid to provide lower-income students with access to higher education; (2) Reducing the scope of services offered by colleges and universities; (3) Funding students, not institutions; (4) Linking funding more closely to performance; and (5) Limiting subsidies provided to the wealthiest institutions of higher education. (Contains 7 notes and 4 tables.)
Descriptors: Higher Education, State Aid, Financial Support, Educational Trends, Trend Analysis, Social Change, Regional Characteristics, Educational Assessment, Educational Indicators, Economic Impact, Performance Factors
Federal Reserve Bank of Chicago. 230 South LaSalle Street Chicago, IL 60604; Tel: 312-322-5322; Web site: http://www.chicagofed.org/
Publication Type: Collected Works - Serial; Reports - Descriptive
Education Level: Higher Education
Authoring Institution: Federal Reserve Bank of Chicago, IL.