September 15, 2009
Recession Eases, but Worst Effects May Still Be Ahead for Colleges, Moody's Report Says
The short-term budget pressures that have buffeted the nation's college campuses have begun to abate, but the harshest effects of the economic downturn may still be seen, says a new report from Moody's Investors Service.
The ratings agency updated its outlook for higher education Tuesday, indicating that cost-cutting has helped many colleges cope with fiscal challenges. The industry also benefited this fall from largely stable enrollment numbers, replenished liquid portions of
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