Can Colleges and Universities get around the Recession?
College and Universities alike are facing some serious problems. As the economy sinks, so do donations and budgets are cut. The entire field of higher education is trying to do more with less. Also, more people try to come back to school during times of economic hardship, and many schools just don’t have the cash to accommodate that many more students. Raising tuition is one option for schools, but many educational administrators try to avoid that at all cost simply because they feel like a quality education should be available to all students regardless of their financial status.
It may seem like a dire situation for higher education, but the bright side is that when we come out of this economic mess, our schools will run more efficiently, saving taxpayers and students money. Hopefully we will come out of this tailspin soon, but until then a lot of pressure is going to be put on development and philanthropy employees of universities and colleges to keep donations coming, or else we will see a major spike in tuition.
