Heading into the 2022-2023 academic year, New Jersey City University declared a financial emergency.
“A national trend of declining enrollment for college-aged students has resulted in a long-term erosion in the university’s ability to operate,” said Joseph Scott, chair of the Jersey City, New Jersey, school’s board of trustees, in a statement.
Funding cuts have created a ‘crunch’ for smaller schools
At the same time, deep cuts in state funding for higher education have pushed more of the costs on to students and paved the way for significant tuition increases.
Meanwhile, college costs are still rising. Tuition and fees plus room and board for a four-year private college averaged $55,800 in the 2021-2022 school year; at four-year, in-state public colleges, it was $27,330, according to the College Board.
“The real issue is that federal support for students and state support for students has been declining,” said Barbara Mistick, president of the National Association of Independent Colleges and Universities. “It’s inevitable there will be a crunch somewhere along the line.”
Not all schools are struggling, however. In fact, the country’s most elite institutions are faring better than ever.
Smaller, less selective schools — and those serving low- and middle-income students — have been the hardest hit.
Nobody is doing anything to improve affordability, and universities are going to continue to suffer.
Hafeez Lakhani
founder and president of Lakhani Coaching
“If those schools are closed, you are going to have a real gap in access,” Mistick said.
College is becoming a path for only those with the means to pay for it, other reports also show. “The real challenge is that high school students are looking for an affordable school,” she said.
Getting a Temporary Canada Visa means that you will be visiting Canada for a short…
If your family or friends want to visit you in Canada for either your convocation…
If you are in Canada on a valid status, you can prepare a letter of…
There are 2 streams for which you may be eligible. You can apply for permanent…
Equivalencies between the Canadian Language Benchmarks (CLBs) (for English), the Niveaux de compétence linguistique canadiens…
the announcement of an intake cap on new international study permit applications and other changes. International…