Higher Education Finance

Founding of Harvard

Jan 1, 1636

Founding of the University of Pennsylvania

Jan 1, 1740

Northwest Ordinance

Jul 13, 1787

Ratification of US Constitution

Sep 17, 1787

Assigns power over education to the States

Opening of the University of North Carolina

Jan 1, 1795

First state-funded university to open its doors

Dartmouth v. Woodward

Feb 2, 1819

Wikipedia Report US Supreme Court ruled that the states may not interfere with a private corporation

US Civil War

Period: Apr 12, 1861 to Apr 9, 1865

First Morrill Land-Grant Act

Jul 2, 1862

Wikipedia Page Federal incentives for state behavior in higher education (led to creation of land grant schools focusing on agriculture, industry, etc.)

14th Amendment to US Constitution

Jul 9, 1868

Blacks are full citizens

Increased Attendance of Women

Period: Jan 1, 1870 to Dec 31, 1910

Second Morrill Land Grant Act

Jun 1, 1890

Led to the creation of HBCUs

World War I

Period: Jul 28, 1914 to Nov 11, 1918

World War II

Period: Sep 1, 1939 to Sep 2, 1945

GI Bill

Jun 22, 1944

GI Bill

Vannevar Bush Report: Science the Endless Frontier

Jun 15, 1945

Link to Report

Truman Commission on Higher Education

Oct 17, 1947

Truman Commission

Founding of SUNY

Jan 1, 1948

Brown v. Board of Education

May 17, 1954

http://en.wikipedia.org/wiki/Brown_v._Board_of_Education

Federal troops enforce segregation of Little Rock schools

Sep 4, 1957

Sputnik Launched

Oct 4, 1957

NDEA

Sep 2, 1958

http://en.wikipedia.org/wiki/NDEA

Creation of the ACT

Jan 1, 1959

California Master Plan for Higher Education

Apr 27, 1960

http://en.wikipedia.org/wiki/California_Master_Plan_for_Higher_Education

Brown applied to Higher Education

Jan 1, 1964

"Golden Age" of Higher Education Funding

Period: Jan 1, 1964 to Dec 31, 1973

Civil Rights Act of 1964

Jul 2, 1964

http://en.wikipedia.org/wiki/Civil_Rights_Act_of_1964

Baby Boom Starts to go to college

Aug 17, 1964

Publication of Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, Gary Becker

Oct 17, 1964

Higher Education Act (Creation of Pell Grants & Stafford and Perkins Loans)

Nov 8, 1965

http://en.wikipedia.org/wiki/Higher_Education_Act_of_1965

"High Aid/High Tuition"

Oct 17, 1969

Supplementary tax credits/Middle Class added to the pool

Period: Jan 1, 1970 to Dec 31, 1979

Title IX

Sep 17, 1972

http://en.wikipedia.org/wiki/Title_IX

Higher Education Amendments of 1972

Oct 17, 1972

http://en.wikipedia.org/wiki/Pell_Grant

Carnegie Commission: Who Pays? Who Benefits? Who Should Pay?

Jul 17, 1973

Bakke v. Regents

Jun 28, 1978

http://en.wikipedia.org/wiki/Bakke_v._Regents

MISAA

Oct 17, 1978

http://en.wikipedia.org/wiki/Pell_Grant

Increased access to loans

Period: Jan 1, 1980 to Dec 31, 1989

Pell Grant & Loan Amounts cross

Oct 17, 1980

A Nation at Risk

Oct 17, 1983

http://en.wikipedia.org/wiki/A_Nation_at_Risk

Introduction of Unsubsidized Student Loans

Oct 17, 1992

Massachusetts Education Reform Act of 1993

Oct 17, 1993

http://en.wikipedia.org/wiki/Massachusetts_Education_Reform_Act_of_1993

9/11

Sep 11, 2001

No Child Left Behind

Jan 8, 2002

http://en.wikipedia.org/wiki/No_Child_Left_Behind_Act

Stimulus Act (ARRA)

Feb 17, 2009

http://en.wikipedia.org/wiki/Stimulus_Bill_of_2009