About 20 years ago, when I first started covering higher education from a journalistic perspective in addition to working in the field, the big discussion was how colleges should function more like businesses. Rather than restricting themselves to an older model that placed the mission of the university in the hands of faculty and administrators who purported to know best what students need to learn and that depended on a great deal of state support to get the job done, institutions should be responsive to their customers, who were increasingly seen to be the student and, to an extent, businesses.
Undoubtedly, the way in which higher education is funded has changed significantly in recent years. One study done by The Chronicle of Higher Education demonstrated a steady decrease from 1987 to 2014 in how much of a public university’s budget was provided by the state. Although only 25 years ago public funding often amounted to half or more of the funding at many state universities, that funding has now dropped to roughly one-fifth of the budget at these schools. Those figures confirm reports published by the American Council on Education and the American Academy of Arts and Sciences (see links to data below).
