I was just speculating. None of the places I've been had their state funding tied to enrollment. I have seen some really sketchy practices around financial aid, though, which obviously scales with enrollment.

Undisciplined

It Is Time to Treat Higher Education as the Business It Is

kepford

Many states moved away from "butts in seats" funding models in the last 20 years. Now number of degrees, time to degree, starting salary of graduates etc. drive funding models in higher ed. But understand the big, name schools are driven by research funding, which is Fed led. 