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Monday numbers: A closer look at state cuts to higher education

The following set of figures comes from the Center on Budget & Policy Priorities’ new report: Unkept Promises: State Cuts to Higher Education Threaten Access and Equity [2].

7,000,000,000 – Overall state funding for public two-and four-year colleges in 2018 was more than $7 billion below its 2008 level, after adjusting for inflation.

45 – The number of states that spent less per-student in the 2018 school year than in 2008.

4 – Only four states spent more in 2018 than in 2008: California, Hawaii, North Dakota, and Wyoming.

2,651 – Since the 2008 school year, average annual published tuition has risen by $2,651 nationally, or roughly 36 percent.

19 – Per-student funding for North Carolina’s public colleges and universities in 2018 is 19% below 2008 levels when adjusted for inflation

2,293 – Average tuition in North Carolina is up by $2,293 for four-year public colleges and universities over the last decade.

14 % – In 2008, average tuition and fees at a public four-year institution accounted for 14 percent of a family’s median household income.

16.5 % – By 2017 average tuition and fees at a public four-year institution accounted for 16.5 percent of a family’s median household income.

19 % – The burden of college costs is particularly heavy for households of color. The average cost of in-state tuition and fees comprised 19 percent of the median household income in 2017 for Black households in North Carolina. For Hispanic households, average tuition and fees amounted to 18% of the median household income.

36.4% – The number of undergraduates in the UNC System who were Pell grant recipients in 2016 (Source: UNC System)

185, 880 – The number of undergraduate students enrolled in the UNC system in 2017 (Ibid)

46,992 – The number of graduate students enrolled across the UNC system in 2017 (Ibid)

$28,650 – The national average student loan debt in 2017 for graduates of four-year colleges and universities (Source: The Institute for College Access & Success)

66 – The percent of college students nationwide who graduated last year carrying debt (Ibid)

57 – The percent of North Carolina college students carrying debt last year from public and private four-year institutions (Ibid)