In 2023, education appropriations increased 3.7%, surpassing pre-recession per student funding levels in 2008 by 6.7%. Federal stimulus funding decreased by roughly one-quarter, but still cushioned state budgets and supported higher education. However, a continued decline in enrollment (0.5%) and the largest one-year decrease in tuition revenue (3.3%) create uncertainty for public higher education revenues as federal stimulus funds are used up. The SHEF report provides a comprehensive look at trends in higher education revenues in fiscal year 2023.
State Higher Education Executive Officers Association