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Higher Ed in the News

Recession testing U.S. higher education

June 9, 2009

A new report from Standard & Poor's paints a mixed picture for universities in the coming years, but one takeaway is clear: Colleges and universities should expect to feel pain through 2012.

“We believe that the cuts that many institutions have made in fiscal 2009 may offset lower revenues this year, but that managing additional cuts in fiscals 2010, 2011, and 2012 could be more difficult,” states the S&P report titled, “The Recession Is Testing U.S. Higher Education’s Resilience and Credit Quality.”

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Read more in the Chronicle of Higher Education.