The State Higher Education Finance (SHEF) report is produced annually by the State Higher Education Executive Officers Association (SHEEO) to broaden understanding of the context and consequences of public policy decisions in each state that contribute to public higher education funding levels and funding distributions across states and nationally. SHEF provides the earliest possible review of state and local support, tuition revenue, and enrollment trends for the most recently completed fiscal year.
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SHEF Report
SHEF Education Appropriations
SHEF Report
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SHEF Report
NEW REPORT: The latest State Higher Education Finance (SHEF) data shows funding to public colleges exceeds per-student funding levels for the third time since prior to the Great Recession. Read more in @SHEEOEd’s #SHEF report at bit.ly/SHEFFY24.
SHEF Education Appropriations
The latest State Higher Education Finance (#SHEF) report shows that in FY2024, public higher education appropriations increased 0.8% beyond inflation, increasing for the 12th straight year. More: bit.ly/SHEFFY24. @SHEEOEd
SHEF Report
Have you explored our updated #SHEF website yet? In addition to seeing national trends dating back to 1980, you can customize SHEF figures and maps by state and sector. Find more insight on new data for state higher education funding at bit.ly/SHEFFY24
SHEF Enrollment Declines
After 12 straight years of declines, public FTE enrollment increased, reaching 10.4 million in 2024, up 2.9% since 2023, but still down 10.8% from an enrollment peak in 2011. #SHEF Read more and see data by sector and state in @SHEEOEd’s #SHEF report at bit.ly/SHEFFY24.
SHEF State Financial Aid
The new #SHEF Report shows that state public financial aid per FTE increased 4.8% from 2023 to 2024 and reached an all-time high of $1,155 per FTE enrolled student. Financial aid per FTE increased in 31 states in the last year. Read more: bit.ly/SHEFFY24
SHEF Total Education Revenue
The #SHEF FY24 Report shows that inflation-adjusted net tuition revenue decreased 3.7% in 2024, the largest single-year decline since 1980. Declines in the last year were larger in the two-year sector. #SHEF bit.ly/SHEFFY24
SHEF Student Share
For the first time since 2010, the U.S. average student share dropped below 40%, decreasing to 39.3% in 2024. Thirty-two states saw declines. #SHEF bit.ly/SHEFFY24
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LinkedIn SHEF FY24
The FY24 State Higher Education Finance Report is now available! The latest SHEF data shows a minimal funding increase to public colleges. A few key highlights:
• State and local government funding for higher education totaled $139.1 billion in fiscal year 2024.
• Public higher education appropriations increased just 0.8% beyond inflation, still, funding surpassed pre-COVID-19 pandemic funding levels in 2019 by 17.9%.
• After 12 straight years of declines, public FTE enrollment increased, reaching 10.4 million in 2024, up 2.9% since 2023, but still down 10.8% from an enrollment peak in 2011.
Learn more at bit.ly/SHEFFY24
Bluesky SHEF FY24
The latest State Higher Education Finance (#SHEF) report shows public higher education appropriations increased just 0.8% beyond inflation, still, funding surpassed pre-COVID-19 pandemic funding levels in 2019 by 17.9%. Read more at bit.ly/SHEFFY24.
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