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Since the recession, states have closed some 5 billion in budget shortfalls, according to the Center on Budget and Policy Priorities,a research institute. The budget squeeze brought big cuts in funding for higher education.By 2013, states had cut higher education spending to ,353 per student—about 28 percent less than in 2008, according to the Center.
Higher education payrolls have also been rapidly adding non-teaching jobs in recent years.
Collapsing property values undermined a once-reliable tax base.
When the dust settled, state officials were left with multi-billion-dollar budget gaps that had to be filled.
Since 1971, annual college enrollment has more than doubled in the U. to 19.5 million, as of 2013, the latest Census data available.
In that year, there were 5.3 million in two-year colleges, 10.5 million in four-year colleges and 3.7 million in graduate school.