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ERIC Number: EJ925457
Record Type: Journal
Publication Date: 2009-Jan
Pages: 6
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-0748-478X
Staying Up in a Down Economy
Pulley, John
CURRENTS, v35 n1 p28-33 Jan 2009
The fundraising landscape has been blistered by stock-market meltdowns and a financial sector that has repeatedly erupted in flames. In turn, the environment for development has turned icy, cooled by frozen credit markets and chilly consumer confidence. It is ragged, unstable terrain. Fundraisers, the ground moving beneath them, are unsure of where to turn or how to proceed. Also unknown is the extent to which the financial crisis will affect application patterns, enrollment levels, and the demand for financial aid, all of which have a direct bearing on institutions' budgets and balance sheets. Some institutions don't yet know if families of current students will have the resources to keep their kids in school. There are, however, pockets of certitude. Every institution's investments have taken major hits in the global stock markets: 12 U.K. universities stood to lose 77 million British Pounds in the Icelandic banking collapse alone. Meanwhile, governments everywhere are boldly slashing support for education. This article discusses how to stay up in a down economy.
Council for Advancement and Support of Education. 1307 New York Avenue NW Suite 1000, Washington, DC 20005. Tel: 202-328-2273; e-mail: memberservicecenter@case.org; Web site: http://www.case.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United Kingdom