How should the state of Colorado generate funds for Higher Education - Essay Example

The state of the education system in the state is regarded as one of the most productive in the nation. In addition to that, it is a leader in the development of green technologies. The state promotes research initiatives and it is a major contributor to research in different areas. According to a report, the economic consequences of research institutions in the state are incredible. The recent reports show for the University of Colorado and Colorado State University show that each$1 of state general fund produces $13.

2 of additional economic activity, therefore, it is imperative for the government to increase the general fund for Colorado for the interest of the country.             The reasons for the scarcity of funds in the State of Colorado despite its economic significance are several folds. An analysis of the root cause of the problem can provide us valuable suggestions for how to bridge the gap between the supply and demand of funds. Firstly, the higher education crisis is triggered due to the fact that Colorado’s system has failed to meet the demand created by demographic shifts.

The most growing ethnic minority, Latinos, are underrepresented in the higher education system. In addition to that, the state imports a significant proportion of the population with postsecondary education while failing to accommodate the needs of its current citizens. The institutions in Colorado significantly differ in enrollment of low-income students as compared to the income level of the counties they serve. Finally, the state ranks at the lowest on the basis of state funding per FTE.