College Funding

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A study finds state and local government per-student spending on public colleges and universities plummeting from 2000 to 2005.

A report from the State Higher Education Executive Officers finds that per-student spending hit its highest level in at least 25 years in 2001. By 2005, the group of top state higher education officials says spending hit its lowest per-student rate in 25 years.

The report attributes that to stagnant budgets and exploding demand for public higher education.

State and local support amounted to about 58-hundred per student nationwide in 2005. That's down from the 71-hundred dollars -- in comparable 2005 dollars -- that was spent in fiscal 2001. And compared with 2001, public colleges are accommodating 14 percent more students.