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The Education Tax: Montana Fails to Invest in College Edcuation
The graph shows an abject failure by the State of Montana to properly fund a college education for our youth.
Previous generations received better than three-quarters of the cost of their college degree from the State. Now that is less than half and it continues to decline. This is a generational betrayal.
Students have been forced to make up the lost state funding by taking out loans. This is effectively an “education tax” because they are forced to pay for maintaining public property. The education tax is the only tax that bears interest.
Note that the cost has only risen from $9063 in 1986 to $9806 in 2011 (inflation adjusted) in Montana. The Montana University System continues to be cost-effective and offer value in an education.
Proclamations that the “higher ed budget has gone up” and other attacks are inaccurate because enrollment has climbed, consuming the inadequate state funding. Montanans clearly recognize the necessity of a college education to achieve the American Dream; we must get our elected officials to make the same realization.
Sources:http://www.nytimes.com/2012/05/13/business/student-loans-weighing-down-a-generation-with-heavy-debt.html?emc=eta1 ; page 3 of 6 link labeled “sixth from the bottom” that is http://www.sheeo.org/finance/shef/fy2011%20tables/All%20States%20Wavechart%202011.pdf
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