State spending on higher education increased by $10.5 billion in absolute terms from 1990 to 2010, but considering changes in enrollments and inflation, funding per public full-time equivalent student dropped by 26.1 percent from 1990-1991 to 2009-2010, according to a report released Monday by the think tank Demos. During the same period, the report documents, tuition at public institution has seen large increases in many states. While many of those states have also increased aid budgets, a large share of those funds has gone to programs that are not based on financial need. The report notes that household income has not generally increased to match the tuition increases, and that the volume of outstanding student debt has grown by a factor of 4.5 since 1999.
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