On Affordability: Public Higher Education in New England

Overview & Synopsis

As the lowest-priced higher education institutions serving the greatest share of students in New England, public institutions are a crucial access point for the region's students who may not have other opportunities to enroll in college. Maintaining the cost of attending a public institution in New England is imperative for students, families, communities, states and the region. Yet, the price of public higher education has increased dramatically since the beginning of the 2008 recession. Meanwhile, five of six New England states face multimillion-dollar budget shortfalls this fiscal year. State policymakers who must simultaneously address current deficits and decide on upcoming budget plans have tough choices ahead. Funding for public higher education is one of many competing budget priorities. With few federal or state regulations on minimum funding levels, allocations to higher education are frequently cut to create a leaner budget. As the region strives to grow beyond modest "recovery" from the Great Recession, however, a robust, high-quality system of public higher education is vital. The Georgetown Center on Education and Workforce predicts that 65% of jobs will require some education beyond high school by 2020. In the New England states, the projected number of jobs requiring some postsecondary education is equal to or higher than the national projection. A more educated labor force is needed if New England states are to continue to develop a competitive economy. A more educated labor force would also improve residents' quality of life, and, not coincidentally, relieve pressures on state budgets in other areas such as corrections and healthcare. Getting there, however, will require accessible and affordable quality higher education options for students.