ERIC Number: EJ1426775
Record Type: Journal
Publication Date: 2024
Pages: 34
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0162-5748
EISSN: EISSN-1090-7009
A Typology and Landscape of State Funding Formulas for Public Colleges and Universities from 2004 to 2021
Robert Kelchen; Mitchell Lingo; Dominique J. Baker; Kelly Rosinger; Justin Ortagus; Jiayao Wu
Review of Higher Education, v47 n3 p281-314 2024
State funding for public higher education institutions is crucial in supporting college access and completion, particularly among students from historically under-represented groups, yet little is known about the mechanisms that states use to allocate funds and how they are affected by financial challenges. This article provides the first detailed longitudinal typology of state funding strategies, focusing particularly on formula volatility and equity. We find a gradual shift toward funding models that include a combination of base-adjusted and enrollment and performance metrics, along with a growing focus on equity. During recessions, states frequently revert to across-the-board funding cuts, further disadvantaging under-resourced institutions.
Descriptors: Classification, State Aid, Funding Formulas, Educational Finance, Public Colleges, Universities, Educational Equity (Finance), Educational Policy, Economic Climate, Retrenchment, Resource Allocation
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A