State funding per student for higher education has fallen by over 30 percent over the past decade.

As a share of GDP, state government support for university R&D is at the same level as it was in 1991, and only 9 percent higher than it was in 1970. As a result, the federal government must pick up the slack. Unfortunately, this action is not currently happening. In 2013, for example, the budget "sequester" slashed federal R&D investment, much of which flows to universities.