Post by RS Davis on Nov 7, 2003 7:50:20 GMT -5
[glow=red,2,300]Neal McCluskey Wrote:[/glow] Here's reality. According to the National Center for Educational Statistics, more than half of public universities' revenues -- $79 billion -- were extracted directly from federal, state, and local taxpayers, while only 18.5 percent came from student fees and tuition. The bill for private schools was smaller, but still mammoth: 16.4 percent of private colleges' revenues -- $12 billion -- came directly from taxpayers, with tuition and fees providing 43 percent.
Of course, tuition, too, is covered largely by taxpayers. "Almost 60 percent of undergraduates receive some form of financial aid to help them pay for college," explains a new report from the College Board, a national, non-profit schools association. "While a significant amount of this aid is in the form of loans, frequently subsidized by the federal government, over $40 billion of grant aid was distributed to college students by federal and state governments and by colleges and universities" last year.
Of course, tuition, too, is covered largely by taxpayers. "Almost 60 percent of undergraduates receive some form of financial aid to help them pay for college," explains a new report from the College Board, a national, non-profit schools association. "While a significant amount of this aid is in the form of loans, frequently subsidized by the federal government, over $40 billion of grant aid was distributed to college students by federal and state governments and by colleges and universities" last year.
- Rick
