If UW cost had simply kept pace with inflation, it would be $30,000 this year. And if WA residents had maintained their support at 80%, the student bill would be $6000.
If UW cost had simply kept pace with inflation, it would be $30,000 this year. And if WA residents had maintained their support at 80%, the student bill would be $6000.
So, in a sense, the reason why states are spending less on higher education than a decade or two ago is simply because of this middle class entitlement. The middle class should be purchasing nursing home insurance but instead they leave it up to the state to support.
"Governments’ general support for higher education 25 years ago was nearly 50 percent greater than state spending on Medicaid. That relationship has now flipped: Medicaid spending is about 50 percent greater than support for higher education. If higher education’s share of state budgets had remained constant instead of being crowded out by rising Medicaid costs, it would be getting some $30 billion more than it receives today, or more than $2,000 per student."
http://www.nytimes.com/2010/09/19/opinion/19orszag.html?_r=1