Breaking Bad Habits: Navigating the Financial Crisis
| Title: | Breaking Bad Habits: Navigating the Financial Crisis |
| Author: | Jones, Dennis P. Wellman, Jane |
| Date: | 2010 |
| Catalog #: | |
| Price: | FREE |
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| Description: |
The “Great Recession” of 2009 has brought an unprecedented level of financial chaos to public higher education in America. Programs are being reduced, furloughs and layoffs are widespread, class sizes are increasing, sections are being cut, and students can't get into classes needed for graduation. Enrollment losses upwards of several hundred thousand are being reported—and only time will tell whether the situation is even worse. Reports of budget cuts in public institutions in the neighborhood of 15 to 20 percent (Pennsylvania, Virginia, New York, Florida, and California) are becoming common. Halfway through the 2009–2010 fiscal year, 48 states were projecting deficits for 2011 and 2012 (NASBO, 2009).
From Change Magazine, May/June 2010 |