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NACUBO also found that colleges increased their endowment spending, with dollars increasingly flowing toward institutional operating budgets, largely focused on student financial aid. Even as endowment returns dipped, colleges tapped those assets to fund their needs. The median percentage of budgetsfunded by endowments was 5.3
At stake is local control of an institution in a state that has admitted to years of inequitable funding for its only public historically Black college. Mumpower told lawmakers that university leaders should have foreseen a housing crisis, given that it more than quadrupled its 2022–23 scholarship budget to $28.3
With more than two-thirds of community college students requesting aid annually, 30% being Pell-eligible, 16% being single parents —and inflation at a perilous high—everyone is feeling the effects of one more line-item in the household budget each month. As mentioned previously, finances are the leading reason students stop out of college.
Overall, "The Student Loan Mess" provided a critical historical analysis of the factors contributing to the crisis and suggested pathways towards a more sustainable system of higher education financing. This led to rising tuition costs as universities saw guaranteed funding, with less pressure to remain affordable. Next Chapters?
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