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The governor’s office responded in a press statement that Reynolds “made the difficult decision to not pursue the university’s funding request” following an independent assessment of IWU’s finances that revealed “systemic financial issues” that would not be solved by a cash infusion.
The College Scorecard, a 2015 tool created by the U.S. Leaders can build local and collective capacity to tell their stories well, with or without federal scaffolding. They were a message that the federalgovernment may no longer serve as the guarantor of higher educations data.
And no wonder—in 1990, state-per-student funding was almost 140% more than that of the federalgovernment. But in the last two decades, the gap between state and federal funding narrowed, with state funding per student only 12% above federal levels in 2015.
Making this data available to students and families is vital to better safeguard them and taxpayers who help finance educational endeavors. billion in grants and establish policy for nearly $120 billion in Federal student aid every year. When we formally launched it again in 2015, we started to incorporate more and more data.
The federalgovernment’s COVID assistance played a critical role in temporarily sustaining institutions, particularly smaller colleges, which otherwise faced the risk of closure. Public confidence in higher education also saw a notable decline, with a Gallup poll indicating a drop in faith from 57% in 2015 to 36% in 2023.
From Profit to Loss: The $340 Billion Shift According to the Committee for a Responsible Federal Budget (CRFB), the estimated federal cost of student loans issued between 2015 and 2024 has increased by $340 billion transforming from a projected gain of $135 billion in the 2014 baseline to an expected loss of $205 billion in the 2024 baseline 15.
Department of Education, one of the federalgovernments smallest Cabinet-level agencies, operates programs across every level of education. In fact, less than 8% of public school revenue came from federal agencies, including the Education Department, before COVID-19 reached the U.S.
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