If you thought the worst was over in terms of budget cuts and rising tuition and fees at colleges and universities across the country, think again. The latest projections from Moody’s Investors Service show that most institutions of higher education shouldn’t assume recoveries and relief from their states until at least 2013 and probably later.
In those states that have suffered the worst cuts, recovery may be even slower to kick in, as those are the same states that have had to cut spending in other areas as well. According to an article yesterday in The Chronicle of Higher Education, those states may first decide to increase spending in pensions, health care, and other services considered more essential than higher education. Only North Dakota, Texas and Alaska were listed by [...]