"Real liberty is neither found in despotism or the extremes of democracy, but in moderate governments.
Alexander Hamilton

Monday, October 24, 2016

The 50-50 Club: Highest Student Debt, Lowest State Funding in the Nation

This is not something New Hampshire should be proud of.  New Hampshire’s funding per full time student is the lowest of any state in the country. This cost shifting from the State to families and students is making college increasingly unaffordable for NH students. 


The Project on Student Debt  found that NH students graduate on average with $36,101 in student debt and the highest percentage of students that graduate with debt at 76%, both highest in the United States. 
It is not the Legislature nor the Governor who set tuition rates for the University System of NH (USNH). It is the USNH Board of Trustees.
The NH House approved a budget that provided $19 million less than Gov. Hassan had requested -- $81 million in both 2016 and 2017. 
USNH requested state support of $100 million for 2016 and $105 million for 2017, which would have restored state support to the pre former NH House Speaker O'Brien's 2010 budget cuts. In return, USNH guaranteed a second two-year freeze on in-state tuition. Governor Maggie Hassan proposed $87 million in 2016 and $94 million in 2017, and the Republican-led House passed an $11.35 billion state budget last fall that reduced that amount significantly.. As a result, in state tuition increased 2.75%.
The Board of Trustees of the Community College System of NH (CCSNH) voted to freeze tuition for the 2016-17 academic year, In-state tuition will remain at $200/credit, which translates into roughly $6,000 for a year for full-time tuition.Tuition at the state's seven community colleges has not risen since 2011, and in 2014 tuition was decreased 5 percent per credit to the present $200.
According to the Center on Budget and Policy Priorities , only 8 states have cut higher education more than New Hampshire, and  per-student funding for New Hampshire’s public colleges and universities is 30% below 2008 levels. 

We've got some work to do in NH. New Hampshire's economy is dependent on a skilled workforce and access to affordable college education is paramount to continue to grow our economy.


1 comment:

G K said...

Absaolutely not True. Loans are the primary reason the education is expensive
https://fee.org/articles/government-loans-make-college-more-expensive-worsen-income-inequality/