March 13, 2009
13 Reasons Colleges Are in This Mess
How greed, incompetence, and neglect led to bad decisions
The economy may not have hit rock bottom, but the finger-pointing over what went wrong is well under way.
In some ways, higher education has been a victim of the recession — but not a defenseless victim. Smart moves clearly helped some colleges and universities avoid the worst of the downturn. But mistakes have left many others in the lurch.
The downward spiral has brought layoffs, budget cuts, and
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