Governor’s Budget: Higher Education
- The 2011/12 budget begins the process of focusing higher education dollars on following the student as opposed to funding institutions. lt lays the foundation for enabling students and parents to better determine the post secondary education course that is best for them.
- The 2011/12 budget preserves more than $380 million in Pennsylvania Higher Education Assistance Agency (PHEAA) grants for students
- During the last 10 years, higher education funding for the State System of Higher Education has amassed over $4.8 billion in state appropriations, while at the same time tuition has increased by 45%
- During the last 10 years, the 4 state-related universities received more than $7 billion in state appropriations, while at the same time on average tuition has increased by 86% at the 4 state—related universities
- During the last 10 years, inflation increased by 23.5%.
- The 2011/12 budget reduces the state subsidy for higher education and asks our state colleges and universities to begin the process of doing more with less and not passing the buck onto their students. `
- More than 10% of the reduction in the higher education funding is due to a loss of almost $93 million in Federal Stimulus money for higher education
Governor Corbett is asking employees at the state-related universities and the State System of Higher Education to freeze or roll-back their salaries, something that many private sector employees have been forced to do during the last 2 to 3 years.
- If employees of the State System of Higher Education were to agree to a salary freeze, it would amount to almost S7 million in savings to the university and the students and families who are paying tuition.
- If employees of the state-related institutions were to agree to a salary freeze, it would amount to $40 million in savings for the universities and the students and families paying tuition.