Florida is the only state with a decline in net tuition revenue per FTE over the last two decades. The reason for this decline is twofold: First, there have been long-standing limits on tuition-rate increases at Florida’s public colleges and universities, and undergraduate tuition rates have not increased since 2014. 28 http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=1000-1099/1009/1009.html Florida Statutes. Title XLVIII. K-20 Education Code. Ch. 1009. Educational Scholarships, Fees, and Financial Assistance. (2020) . VIEW ALL FOOTNOTES Second, the state and its public institutions have increased per-FTE commitments to student financial aid (subtracted from net tuition revenue).
Since 2001, total inflation-adjusted tuition revenue per FTE (which includes state and institutional financial aid) has increased only 1.1% in Florida. State aid has increased 64.7%, from $815 to $1,343 per FTE. Institutional financial aid has increased 66.1%, from $348 to $579 per FTE. As a result, net tuition revenue (which excludes state and institutional financial aid) declined 23.1% from 2001 to 2020.