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Why is tuition rising?Funds for public higher education in Ohio are limited and come primarily from two sources – the State of Ohio and tuition. Over the past six years, state funding for The University of Akron has decreased by more than $10 million. These lost dollars have been offset by increases in tuition and cost reductions.
The chart below illustrates the inverse relationship between the amount that the state pays for instruction (the red line) and the amount that students pay (the blue line).
In the past five years, the University has strengthened programs and capabilities, dramatically enhanced its campus facilities and technology, achieved focused enrollment gains, and increased private and research funding—even though state funding as a percentage of its budget has fallen.
The University continues to seek ways to reduce expenses, but the cold reality is that the loss in revenue from the state is simply too large to be balanced through cost-cutting alone. The increasingly challenging goal is to maintain the quality of the educational programs for which students are paying so dearly while trying to slow tuition growth in the face of plummeting state funding.
To help students, the University offers a substantial number of scholarships on merit as well as a need basis.
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