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ERIC Number: EJ815429
Record Type: Journal
Publication Date: 2008-Oct-10
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISSN: ISSN-0009-5982
As Credit Crisis Chills Campuses, Worries Mount
Wilson, Robin
Chronicle of Higher Education, v55 n7 pA1 Oct 2008
When the stock market plunged 778 points last week, losing almost 9% of its value in one day, higher education responded in an uncharacteristic way: It began to buckle. Colleges have often considered themselves recession-proof. However, last week's events compounded an already difficult year for many institutions, which have suffered from declining state support, tightening credit, and losses on endowment earnings. This article highlights the impact of the financial crisis on higher education and describes how colleges respond to the crisis.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A