• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Legislative standstill may lead to tuition hikes at Pennsylvania’s top universities
Economy

Legislative standstill may lead to tuition hikes at Pennsylvania’s top universities

by July 12, 2023
by July 12, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

A partisan dispute about funding for three of Pennsylvania’s state-related universities may mean higher tuition for in-state students as a budget impasse continues further into the summer.

The state government approached two weeks without full spending authority on Tuesday, while loose ends remained untied. Snarled in limbo is funding for three Pennsylvania universities that receive state subsidies — Penn State, the University of Pittsburgh and Temple. Gov. Josh Shapiro and his Democratic allies have supported raising state aid to the three schools by 7% to $623 million, collectively.

Republicans, however, have balked. House Republicans repeatedly rejected efforts to approve the aid in recent weeks, complaining that the schools are too willing to raise tuition and saying they would prefer to send money to students, not the institutions.

As a whole, the dispute over approving a final spending plan shows no signs of ending quickly. Senate Majority Leader Joe Pittman, R-Indiana, sent a letter on Tuesday to his counterpart in the House about the amount of work that still needs to be done, placing the onus on the Democratic-controlled House to do so.

The House and Senate both approved a $45 billion spending plan for the fiscal year, but an administrative task — signing the bill on the floor of the Senate — is keeping the legislation from going to Shapiro’s desk.

Senators aren’t due back until September, and Pittman said the chamber ‘sees little value in returning to session’ to give final approval to the plan without the legislation to direct how money in the budget bill can be spent.

The uncertainty about state aid has thrown a wrench into the universities’ own budget planning and could result in the very thing that Republicans have criticized the schools for: increased tuition costs for students.

In a statement, Penn State said its leadership was disappointed the bill failed to pass the House. The state funding supports the university’s 40,000 in-state students, ‘which thousands of Pennsylvania students and their families rely on each year,’ a spokesperson said.

Hari Sastry, senior vice chancellor and chief financial officer for the University of Pittsburgh, said the entire state subsidy goes to an in-state discount for Pennsylvania students, impacting about 17,000 students and about $16,000 for undergraduates.

‘That is a pretty large bit of uncertainty that they’re going to have to plan around,’ he said. ‘We can’t obviously wait until September to do things like set tuition rates. So, we’re going to have to figure out what that interim looks like.’

Sastry can’t recall a year where the Legislature did not grant any money to the universities, but it wouldn’t be the first time funding for the schools has come late. This year, he said, inflation is creating more stress on families and the university.

‘It’s a very different situation right now, I think, than what we’ve seen before,’ he said.

By just about every measure there is, Pennsylvania has some of the highest student debt and lowest affordability of its colleges compared to other states. Some education advocates blame lawmakers for the lack of sufficient higher education aid.

<!–>

This post appeared first on FOX NEWS

–>

You Might Also Like
  • House recesses with just 2 days to solve government shutdown standoff
  • Hezbollah claims it doesn’t want expanded war with Israel after launching drone attack on Israeli army base
  • PNC Bank ends business relationship with Donald Trump Jr’s MxM News app company ‘without cause’
  • California officials investigating migrant arrivals in Sacramento: ‘Without any advance warning’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Gun rights group issues ‘travel advisory’ for Massachusetts after lawmaker proposes more firearm restrictions
next post
Cocoa Soars: Nobody Knows the Truffles I’ve Seen

You may also like

House Speaker McCarthy rejects Jeffries’ demand to reappoint Schiff, Swalwell...

January 25, 2023

California sheriff torches Newsom for leaving prison system in ‘disarray,’...

March 21, 2023

Joe Biden letter to Devon Archer underscores his closeness to...

August 8, 2023

Trump blasts Emmer as ‘globalist RINO,’ warns Republicans it would...

October 25, 2023

The Nifty 50 Index: Key Facts and Figures To Know...

October 3, 2024

ApeCoin and Akita Inu: pullback continues to new weekly lows

October 23, 2024

Senate, House Dems ‘deeply disappointed’ by new Biden policy limiting...

February 22, 2023

Nancy Mace previews House hearing on AI deepfakes

November 4, 2023

2022: The Year the “Lodger Evil” Came to Kansas and...

November 26, 2022

Five things to know about Henry Kissinger, a dominant figure...

November 30, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    What to know about JD Vance:...

    July 16, 2024

    Republicans celebrate newly minted House Speaker...

    October 26, 2023

    Top senator assails Biden for letting...

    July 14, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here