Tag: The Great Financial Crisis

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More Fiscal Reckoning for Public Colleges

In 2019, average state funding per full time college student was still lower than the 2009 levels, the beginning of The Great Financial Crisis. Given projected reductions in state revenues for 2020, higher education leaders will likely again experience reductions in state subsidies starting this fall, as we discussed earlier. Students would be wise to …

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Fiscal Reckoning Dead Ahead

The $14 Billion bailout for U.S. colleges and universities as part of the recent CARES Act will not solve the widening financial deficits in higher education. Costs to maintain buildings and the physical grounds, despite the lack of students present on campus, as well as salaries to faculty and staff must still be paid. Additionally, …

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More Economic Difficulties for Gen Z and Millennials

Graph courtesy of The Wall Street Journal Current college students, many who find themselves at home though would rather be finishing their school year on college campuses around the country, will be confronting along with their older colleagues who graduated college in 2019, 2018, a possibly more complicated problem that of protracted unemployment. In addition, …

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Difficult Labor Market Directly Ahead

Courtesy Bloomberg News The employment outlook is at best difficult, and at worst, dire, even worse than The Great Financial Crisis of 2009 which was the worst in 45 years. Now, is the time to think seriously how to compete for what will be a difficult employment environment, at least over the short and intermediate …