Revenue Down at Public Colleges as Out-of-State Student Stay Home
Wednesday, May 27th, 2009Out-of-state applications to a number of public colleges & universities are declining, as students favor in-state public schools where tuition is lower. The trend is compounding the financial challenges facing many public institutions already suffering from state funding cutbacks.
Out-of-state students typically pay a huge non-resident tuition premium. According to Business Week, the trend is depriving public universities of a “lucrative revenue stream.” The Business Week article titled “The Tuition Conundrum” focuses on the tuition disparities of as much as $20,000 between in-state and out-of-state tuition-and-fees payments and the resulting budget impact.
A number of well known public colleges and universities are cited in the article including: University of Michigan at Ann Arbor, College of William & Mary, University of Delaware, Colorado State and University of Texas at Austin.
