May 1, 2009
Public Colleges Consider Privatization as a Cure for the Common Recession
As state tax revenues plummet, some lawmakers and higher-education leaders are once again looking at loosening the bonds between state governments and public colleges to save money and give colleges the freedom to bolster their bottom lines in new ways.
Over the past two decades, college officials have often lamented the growing need to secure money outside of appropriations. But the continuing economic crisis has led to a new urgency on the part of some public colleges to shed more of