What Colleges Can Learn From Recessions Past

The present financial and credit crisis is unprecedented in recent history, resembling in many ways the onset of the Depression of the 1930s more than subsequent recessions. Presumably we have learned something about managing such events and will not permit the current economic mess to deteriorate to Depression levels. It should be helpful, then, to ask what we can learn from the recent past about how higher education has fared during economic downturns, and how colleges have adapted in the