Higher Ed Budgets for the Post-COVID Era
Posted by Lumina Foundation on December 8, 2020
Now’s Our Chance to Do This Right
The COVID-19 pandemic has disrupted the global and U.S. economy more profoundly than any other event since World War II. Just as the subprime mortgage crisis ushered in an 18-month economic decline and an ensuing state budget crisis, the current economic slide threatens to leave us in an even larger fiscal hole. The Great Recession also taught the nation several lessons about higher education. Generally, the more education you have, the more likely you are to remain employed during economic hardship. States with higher educational attainment also see greater economic growth. Conversely, disproportionate cuts to higher education undermine statewide attainment goals. States will often pursue “across-the-board” cuts to institutions in what may appear to be a “fair” way to distribute losses, but this can cause significant harm.
More in "New Resources"
- Podcast: The Key with Inside Higher Ed – The Fall Enrollment Picture and Peril for Post-Traditional Students
- What Business Owners Need to Know about the Latest Round of PPP
- Programs funded by the Philadelphia Beverage Tax continue to thrive — Winter 2021 update
Stay Current in Philly's Higher Education and Nonprofit Sector
We compile a weekly email with local events, resources, national conferences, calls for proposals, grant, volunteer and job opportunities in the higher education and nonprofit sectors.