The “State Higher Education Finance Report, FY 2021”, released today by the State Higher Education Executive Officers Association (SHEEO), found that state funding in fiscal year 2021 increased by 4.5 percent above inflation. State and local funding for all higher education totaled $113.2 billion in fiscal year 2021, including $3.7 billion in federal stimulus funding (3.2%). SHEEO’s report notes that 2021 marks the tenth straight year of declining enrollment.
The report may be accessed here. Coverage from Inside Higher Ed may be accessed here.