![]() In this figure, expenses are grouped into core and noncore expenses. Full-time-equivalent (FTE) students include full-time students plus the full-time equivalent of part-time students. NOTE: Data are for the 50 states and the District of Columbia. “Institutional support” includes expenses for the day-to-day operational support of the institution.Ĥ Other core expenses include net grant aid to students and other expenses. Intercollegiate athletics and student health services may also be included except when operated as self-supporting auxiliary enterprises. “Student services” includes admissions, registrar activities, and activities for which the primary purpose is to contribute to students’ emotional and physical well-being and to their intellectual, cultural, and social development outside the context of the formal instructional program. “Public service” also includes expenses for community services, cooperative extension services, and public broadcasting services.ģ “Academic support” includes activities and services that support the institution’s primary mission of instruction, research, and public service. “Public service” includes activities established primarily to provide noninstructional services beneficial to individuals and groups external to the institution. It also includes expenses for both credit and noncredit activities and excludes expenses for academic administration where the primary function is administration.Ģ “Research” includes activities specifically organized to produce research outcomes and commissioned by an agency either external to the institution or separately budgeted by an organizational unit within the institution. Percentage distribution of core expenses for degree-granting postsecondary institutions, by level and control of institution and expense category: Fiscal year 2020–21ġ “Instruction” includes expenses related to colleges, schools, departments, and other instructional divisions of the institution and expenses for departmental research and public service that are not separately budgeted. 9 Noncore expenses include auxiliary enterprises hospital services 10 and independent operations. Core expenses include the following broad categories: instruction 6 research and public service 7 academic support, student services, and institutional support 8 and other core expenses. In this Fast Fact, expenses are grouped into core and noncore expenses. Research activities, on-campus student housing, teaching hospitals, and auxiliary enterprises 5 can also have a substantial impact on the financial structure of 4-year institutions. Four-year institutions tend to have a broad range of instructional programs at the undergraduate level, leading to bachelor’s degrees, and many offer graduate-level programs as well. Two-year institutions generally focus on providing student instruction and related activities through a range of career-oriented programs at the certificate and associate’s degree levels and preparing students to transfer to 4-year institutions. 4 When comparing data by level of institution (i.e., between 2-year and 4-year institutions), readers should keep in mind that 2- and 4-year institutions have different institutional missions. For instance, disruptions to on-campus housing early in the pandemic 3 and demands on hospital services could have impacted these data.Ĭaution should be used when comparing data on postsecondary expenses by control categories (i.e., public, private nonprofit, and private for-profit) because of differences in accounting standards, known as the Financial Accounting Standards Board (FASB) for private institutions and the Governmental Accounting Standards Board (GASB) for public institutions. These data include changes in expenses that may have occurred related to the coronavirus pandemic, which began in early 2020. ![]() In contrast, total expenses were 2 percent higher in 2019–20 than in 2018–19 ($719 billion vs. Overall, total expenses for postsecondary institutions in the United States were 2 percent lower in 2020–21 than in 2019–20 ($702 billion vs. $14 billion at private for-profit institutions.$239 billion at private nonprofit institutions and.1 degree-granting postsecondary institutions spent $702 billion (in constant 2021–22 dollars). How much do colleges and universities spend on different types of expenses?
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