Public Investment in Higher Education Is A Good Deal

Let's take stock of where things stand. The now-recognized recession, which is already deep and will quite likely be lengthy, is ravaging endowments, negatively affecting available assets, creating uncertainties about enrollment, tightening available credit, and affecting annual fund-raising efforts. Although many institutional leaders may have experienced the severe recessions of the early 1980s and 1990s, they and their institutions are being challenged today in ways that weren't contemplated during those earlier downturns.