December 14, 2007
Study-Abroad Officials Feel the Pain of Dollar's Plunge
Increase in costs could hamper efforts to attract low-income students
As the dollar dips to all-time lows, study-abroad programs are feeling financial pressure, forcing colleges to cut costs, tap reserve funds, or increase charges to students.
In the last year alone, the dollar's value has tumbled 5 percent against the pound, 7 percent against the yen, 10 percent against the euro, and 14 percent against the Canadian dollar. Brian J. Whalen, president of the Forum on Education
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