Rough financial seas had been buffeting many colleges and universities for years before the recession that began in late 2007. Then in mid-September 2008, an economic tsunami crashed into campuses, challenging their ability to provide the accessible, high-quality education necessary to achieve long-term national goals. As the economy weakened at…

Financial inequality is growing in U.S. higher education. In this report, the author observes increasing differences between the endowments of rich and poor institutions, between the salaries of college and university presidents and their faculties, between the salaries of athletic coaches and professors, and between well and poorly compensated…