The DeHavilland Blog

Thursday, April 03, 2008

K-12 funding, squeezed from the picture

The image at right comes from today's Wall Street Journal (see the article Deficit hawks try, try again). Pay particular attention to the Medicare/Medicaid category, and remember that states pay close to half (43% to be exact) the costs of these programs. So this increase in federal obligations is going to be matched, almost dollar for dollar, by the states.

Why is this important to education? Because the vast majority of K-12 revenues come from state and local sources, and as commitments to programs like Medicare increase, less funding becomes available for education.

We've already seen Medicare grow from 8% of state budgets in 1985 to 22% in 2006, the first year it eclipsed K-12 spending. What happens when the program realy starts to take off, per the chart?

I've been harping a lot on finance lately, both on the blog and in meetings and presentations. I honestly don't think the majority of people working in or with the education system see what's coming down the pike. But it is coming - and I hope that people will begin to see that and prepare for it.


  • In this way, it is particularly critical that understudies and their folks who may need to meet all requirements for private understudy advances guarantee that they are financially sound. Clearing up awful credit can take years, so if at all perhaps, a guardian ought to find a way to do this well ahead of time. cash advance

    By Blogger Justin, at 7:04 AM  

  • Understudies who have taken out Canadian understudy credits keeping in mind the end goal to pay for their school training have a tendency to put in around fifteen years reimbursing those advances, yet since every case is interesting you may pay off your advances in less or additional time, contingent upon uncontrollable issues at hand. Payday Loans Carson

    By Blogger Justin, at 2:31 PM  

  • It's generally best for you to get the most reduced financing cost you can from the bank that you pick, yet loan costs on combining understudy credits that were supported by the government are altered for the life of the advance and can't be higher than 8.25%. That doesn't imply that a moneylender can't charge you less premium, so despite everything it pays to search for the best rate. Payday Loans Chula-vista

    By Blogger Justin, at 1:57 PM  

  • The intricacies connected with loan costs don't end. Your yearly pay levels will be gaged fittingly. On the off chance that they find that you are not in a decent position to pay back the advance your folks will need to sign on the offer records. payday loans

    By Blogger Justin, at 3:41 AM  

  • Reimbursing their credits can once in a while appear an extremely troublesome undertaking to do. On the off chance that you are one of these understudies, you might need to register out and get with an understudy credit solidification. Payday Loans Spring-Valley

    By Blogger Justin, at 5:34 AM  

  • Private understudy credits are somewhat more adaptable with respect to the solidification procedure. Notwithstanding the issuing organization, private advances might be consolidated with about some other sort of private understudy credit. payday loans

    By Blogger marko, at 11:57 AM  

  • Whether the individual has set up a Panama Private Interest Foundation, set up a seaward ledger with a New Zealand Offshore Financial Company, or is effectively working together seaward with a worldwide business partnership set up in Belize; accessing seaward resources without acquiring abundance duties can be a sensitive thing. cash advance

    By Blogger Paulo, at 2:58 PM  

Post a Comment

<< Home