“State and local financing for higher education declined 7 percent in fiscal 2012, to $81.2 billion, according to the annual report of the State Higher Education Executive Officers Association, and per-student support dropped 9 percent from the previous year, to $5,896, in constant dollars, the lowest level in at least 25 years, reports The New York Times. “’Tuition revenues are up substantially due to higher prices and more enrollments, but not enough to offset losses of public funding,’ said Paul Lingenfelter, the president of the higher education group, based in Boulder, Colo.”

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