Media attention to Ivy League schools distracts from the much more important—and undersupported—public university system. The past decades have seen huge increases in costs at public institutions of higher education. Measured in constant dollars, in the 1963–1964 academic year, tuition, room and board at four-year public institutions was $8,491. By 2021–2022 that figure was $21,878—almost three times as high. Declining state support is a major contributor to rising fees—and not just in “red” states. At the University of California, San Diego—where I taught for many years—the share of revenues that came from state support declined from 32 percent in 2002 to 15 percent in 2020; similar patterns can be found broadly. According to the National Education Association, “across the U.S., 32 states spent less on public colleges and universities in 2020 than in 2008, with an average decline of nearly $1,500 per student. As a result, students need to pay (and borrow) more.”
