Tuesday, September 19, 2023

Higher Education Investments: Supporting Our Economy and Future Generations

Public higher education is critically important to the success of Massachusetts' economy, but state support has lagged in recent decades. At its best, the public higher education system in Massachusetts can be an engine for academic, career, and personal growth for students, as well as a pipeline for the next generation of workers and civically-engaged residents.

Elected leaders have a once-in-a-generation chance to build on recent Fair Share-funded higher ed investments. Exciting proposals that re-imagine higher education accessibility have been put forward - all aiming to make the Commonwealth more affordable and more competitive.

In MassBudget's newest report, Higher Education Investments: Supporting Our Economy and Future Generations, Senior Policy Analyst Colin Jones provides analysis and cost estimates for two of the leading proposals:

  • The CHERISH Act would broadly enable students to attend without incurring debt, including generous scholarships and provide other support to faculty and campus infrastructure, at an estimated cost of $790 million
  • The Debt-Free Public Higher Education Act would waive tuition and fees for all students while providing additional support for low-income students, at an estimated cost of $1.05 billion.
Read the full report

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