College Planning & Management

AUG 2012

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MUST HAVE COLLEGE DEGREE By 2020, says the Labor Department, 75 percent of jobs will require a college education. But the presidential election may make college unattainable for many. by MICHAEL FICKES E NROLLMENTS IN PUBLIC COLLEGES and universities grew 33 percent between 2001 and 2013. In 2012, enrollments increased by 275,000 stu- dents. California, however, saw a decline in enroll- ments of 50,000 students between 2010 and 2011. This data comes from "State Higher Education Finance (SHEF), FY 2011," published by the association of State Higher Education Executive Offi cers (SHEEO). The publication attributes the drop in California enrollments to the possible "effects of both higher fees and enrollment caps due to decreases in state appropriations." As state funding for public postsecondary education has declined, tuition has risen, and increasing numbers of students can only attend college by taking out enormous loans. Those who cannot qualify for loans cannot afford college. "We are on an unsustainable course," says Patrick M. Callan, president of the Higher Education Policy Institute in San Jose, CA. "We cannot continue on like this without seriously reducing the quality of higher education in the U.S." 16 COLLEGE PLANNING & MANAGEMENT / AUGUST 2012 A comparison of the costs and available funding for public and private colleges and universities clearly shows that current funding levels, particularly at the state and local level, are insuffi cient… and growing more so. The Surging Cost of College "Trends in College Pricing, 2011," from the New York City-based College Board, traces the increase in published tuition and fees be- tween 2000 and 2012 for public and private colleges and universities. Over the 12-year period, tuition and fees at public four-year schools grew at a rate of 5.6 percent per year over infl ation. For the 2011-2012 school year, tuition and fees stood at an average of $8,244 per year for in-state students and $20,770 per year for out- of-state students. At public two-year colleges, costs rose 3.8 percent per year above infl ation. In the 2011-2012 school year, tuition averaged $2,963 per year. Private nonprofi t four-year institutions saw published tuition WWW.PLANNING4EDUCATION.COM ISTOCKPHOTO / CURVABEZIER

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