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Lower Expectations for Higher Education

11:55 AM, Aug 16, 2013 • By GEOFFREY NORMAN
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It looks as though the various state universities and colleges will have to place a freeze on the hiring of additional diversity counselors, compliance administrators, and the like.  

As Eric Kelderman writes at Chronicles of Higher Education:

Moody’s analysis of median fiscal data from 2012 show that enrollment at public colleges was essentially flat, revenues grew less than 2 percent, and expenses increased more than 3 percent—nearly twice as fast as inflation. 

One suspects an understandable reluctance to take on big debt for an education that may not, under present conditions, equip you to pay the money back.  As someone once said, "It's the economy, stupid."  And you don't need to go to college to understand that.

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