Arizona's public universities want more state funding because, as ASU President Michael Crow puts it, "You can't run a great university on Wal-Mart prices."
But is more state funding the answer?
Not in Michigan. You may have heard that the University of Michigan is one of the world's top research universities. What you may not have heard is that this public university is almost entirely privately funded. State appropriations constitute just 10 percent of the university's budget, down from a high of 70 percent in 1965.
A new report to be released tomorrow by the Goldwater Institute, The Privately Financed Public University: A Case Study of the University of Michigan Ann Arbor, shows how the University of Michigan went through this transition without compromising quality, and how ASU and UA have the potential to do likewise.
-Goldwater Institute: "The Privately Financed Public University: A Case Study of the University of Michigan Ann Arbor"
- Economist: "The Brains Business"
-UANEWS.ORG: "Regents Hear About Need, Look for Funds"