Education is highly regarded as a tool for economic security both on a personal level and for the country. It is a salient feature in attaining competency needed to flourish in a knowledge-driven world. The main feature of this Development Research News (DRN) thus delves on how funds are sourced and used in state universities and colleges (SUCs) and what should be done to improve efficiency of SUCs` spending in order to make college education possible and affordable to students.