November 14, 2008

Colleges May Yet Feel Bite From Recession, Moody's Analysts Warn

By Paul Basken

New York

American colleges have so far avoided some of the worst effects of the nation’s economic downturn. That could change quickly, financial experts told a conference that was held here on Thursday by Moody's Investors Service and The Chronicle.

Higher education is one of the nation’s few industries that continues to add jobs, demonstrating its ability to weather the continuing recession, said Mark M. Zandi, chief economist and co-founder of Moody's Economy.com, a

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