January 31, 2008

Colleges Take Stock of What a Recession Could Mean

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By David L. Wheeler

Fifty states, the federal government, and thousands of American colleges and universities are about to face a test of their commitment to higher education, at a time when the country is under economic stress and high-school graduating classes are about to crest.

While the official "recession" label has not been used, the news broke on Wednesday that the American economy slowed to a crawl in the last quarter of 2007, growing only 0.6 percent. That's not the negative number of a

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