We compiled the first longitudinal dataset with detailed state funding information to examine whether different funding strategies for public higher education affect college access and completion, with a focus on outcomes among racially minoritized students. We found no relationships between funding mechanisms and student outcomes at community colleges. However, at public universities, we found that funding strategies with a base-plus component that provide across-the-board increases or decreases to colleges may reinforce already-existing funding inequities. This leads to a system in which racially minoritized students, particularly Black students, face challenges to completing a degree.
