Showing posts with the label budget shortfalls

Is Higher Education on a Crash Course with State Budgets?

Credit-rating firm Moody’s Investor Service continued to keep the negative outlook for higher education into the next year ( 1 ). They cite slow job growth, an uncertain labor market, and slow revenue growth.   Such schools are fighting over revenue and have already cut greatly over the past few years leaving them little room to do more.   Personal income is not rising making it difficult with high student loan debt and interest rates to send more people to college.   According to Moody’s research spending is also expected to decline. Some universities like Minnesota State University Moorland and University of District Columbia are pondering cutting core academic programs based upon needed budget cuts ( 2 ).   The trend is part of a need to reduce expenses in expense laden campuses. Decisions include the cutting of academic programs that once made up the core of university learning.   Some are concerned about what this trend means in the long run. Indiana state universities