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Figure 1

Affordability – does financial aid matter?

SES Quartile
College Participation By
Achievement Test and
Socioeconomic Status Quartile Lowest Highest

Highest 78% 97%


Achievement
Quartile
Lowest 36% 77%

Source: Access Denied, Department of Education, February 2001


Figure 2

State & local support per student, 1980-2004


U.S. Public Higher Education Enrollments and State & Local Support per FTE, Fiscal 1980-2004
(Constant 2004 dollars adjusted by SHEEO Higher Education Cost Adjustment)
10M $7,000
$6,874

Educational Appropriations per FTE


= Recession
9M
Annual Public FTE Enrollment

$6,500

8M $6,094

$6,000

7M

$5,737
$5,702

$5,500
6M

5M $5,000
80

82

83

84

86

87

88

89

90

93

94

95

96

97

99

00

01

03

04
81

85

91

92

98

02
19

19

19

19

19

19

19

19

19

19

19

19

19

19

19

20

20

20

20
19

19

19

19

19

20
Note: State and local government support, excluding research, agricultural, and medical.
Source: SHEEO SHEF
Figure 3

Educational revenues per FTE, 14 years


Total Educational Revenues per FTE by Component, U.S., Fiscal 1991-2004
(Constant 2004 dollars adjusted by SHEEO Higher Education Cost Adjustment)

$9,743
$10,000
Net Tuition
$8,799 Educational Appropriations $8,924
$9,000

2,939 2,849 2,869


$8,000 2,935 2,882
2,922
2,300 2,800 2,899 2,993
2,480 2,639 2,727 3,187
$7,000

$6,000

$5,000

$4,000

6,648 6,815 6,854 6,874 6,639


6,499 6,258 6,451
$3,000 6,126 5,917 5,985 6,185 6,076
5,737

$2,000

$1,000

$-
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004