In 2025, education appropriations decreased 1.0% from 2024, following twelve straight years of increases. This year also marked the second-largest one-year decrease in tuition revenue (3.5%). However, public FTE enrollment continued its momentum from last year, increasing 3.6% over 2024. State public financial aid per FTE also continued to increase, reaching an all-time high of $1,271 per FTE (a 5.1% increase over 2024). The SHEF report provides a comprehensive look at trends in higher education revenues in fiscal year 2025.