After the last economic downturn, now referred to as the Great Recession, college enrollment numbers boomed, but state funding decreased. With a decline in government support, families are forced to decide how much they are willing to pay for tuition – and many have reached their limit. The recession also changed how the public views higher education overall; what was once considered a public good is now viewed as a private investment.
The Chronicle’s new issue brief,
“The Recession-Proof College,” advises academic leaders on how to prepare for an inevitable downturn, offers strategies to maintain relevancy in an ever-evolving market, and explores the benefits of stress-testing to gauge readiness.
