Financial Hardships Hit Schools
November 7th, 2008 in FinanceRelated Posts
New Student Loan Program: Better Student Loans
By the time you finish your college experience, you can be burdened with a huge debt, equivalent to ...
MoreTop Schools To Earn A Drafting or Industrial Design Degree
Drafting can go by many names and cover a few different areas such as structural engineering and com...
MoreSchools are Businesses
One fact lost on many people going into their first year is that schools are businesses and as such...
More
With the shift in the economy, the endowments that might have otherwise been used to improve educational facilities are withering away. Some schools losing upwards of 16% of their endowment value.
Without these payouts, construction may stop on a variety of expansion projects, and new staff hires that were planned might be put on hold.
The University near me has reported a loss of $49 million dollars, and has already planned on stopping construction on the expansion of the student facility.
Hopefully, schools will move fast and put their investments in more secure locations in hopes of not loosing anymore over the next few years, as the cost might be passed on to the student body, which is already heavily burdened with massive student debt.
What are your thoughts on how the economic shift will effect higher learning? Let me know in the comments below, especially if you’ve seen other reports regarding this issue.
