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First, as the number of interest groups for higher education in a state grows, so does the amount of money given to higher education. Second, states with a more liberal political ideology give more funding to higher education. Third, governors with more control over the state budget tend to award less money to higher education.
The immensity of the CTE funding gap is indicative of the magnitude of the challenge ahead: America’s college-for-all fixation can’t be stopped by fiddling with the current system.
The view that higher education is a bubble is controversial. Most economists do not think the returns to college education are falling. [15] On the contrary, they appear to be both increasing and much higher than the returns on other investments such as the stock market, bonds, real estate, or private equity.
Regulation and funding of education is primarily handled by state and local governments, and the federal government provides only 8% of K-12 education funding in the United States. [2] Congress does not have direct authority over education, so federal education policy is enforced by requiring compliance in order to receive federal funding.
In parts of Asia and Latin America government funding for post-secondary education is lower – usually limited to flagship universities, like UNAM in Mexico – and government programs under which students can borrow money are uncommon. [53] In the United States, college is funded by government grants, scholarships, loans.
Retail giants are offering to pay for employees' college education in a bid to attract more talent amid a historic race to fill open positions. Microsoft differs from competitors with 'targeted ...
A US Department of Education longitudinal survey of 15,000 high school students in 2002 and 2012, found that 84% of the 27-year-old students had some college education, but only 34% achieved a bachelor's degree or higher; 79% owe some money for college and 55% owe more than $10,000; college dropouts were three times more likely to be unemployed ...
There is concern that the possible higher education bubble in the United States could have negative repercussions in the broader economy. Although college tuition payments are rising, the supply of college graduates in many fields of study is exceeding the demand for their skills, which aggravates graduate unemployment and underemployment while increasing the burden of student loan defaults on ...