Colleges Should Plan Now for a Financial CrunchBy BARBARA A. LEEThe financial challenges that colleges have experienced over the past several years have been reflected in the growing number of news announcements about cutbacks, closures, consolidations, and even mergers among institutions. Such stories are often accompanied by reports of lawsuits by faculty members, administrators, and students who have lost their traditional... Copyright © 2008 by The Chronicle of Higher Education Subscribe | About The Chronicle | Contact us | Terms of use | Privacy policy | Help |