Friday, February 27, 2015

Education Funding Taking Hits Nationwide

Huffington Post
February 25th, 2015

Standard & Poor's Rating Services recently issued a negative outlook for nonprofit higher education for 2015. "Upping the Ante: Costs of Luring Top Students Keeps the Outlook Negative on U.S. Not-for-Profit Higher Education Sector" cites that colleges and universities will continue to struggle to balance their rising costs with student affordability. In addition, increased competition within the industry will require even stronger in-house management.
Education funding is taking a hit nationwide as more and more states are instituting cuts. Arizona Gov. Doug Ducey's proposed budget calls for $75 million in cuts to the state's public universities. Already heavily dependent on tuition dollars for the majority of their operating budget, educational leaders there worry how these potential cuts will further affect their bottom line - in particular at Arizona State University where officials previously announced no tuition increases for existing in-state ASU students.

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