While higher education is largely benefiting from the current bull economy, it is inevitable that a downturn will eventually occur.
The Chronicle's issue brief,
"The Recession-Proof College," explores the impact a recession will have on higher education, and offers strategies for how to prepare and lessen the impact.
Some colleges are already struggling with containing costs and increasing revenue. Declines in state funding, financial-market deterioration, and shifting enrollment trends will all contribute to the destabilization of higher education in the coming years.
- The lasting effects of the Great Recession of 2007-09 on the economy, family incomes, and higher education
- Three case studies that highlight how some colleges are already preparing and the strategies they've enacted
- How to use stress-testing to gauge your institution's financial health and better equip for an unsteady future
- Commentary from economic experts on how colleges can survive an economic downturn while combating enrollment challenges
