Increasing transparency is hitting colleges at the same they’re getting overwhelmed financially. It's diet time.
Universities saw their endowments take a financial bath when the stock market did and many got stuck with illiquid, unconventional investments. State governments have raised tuition at public schools, but state educational budgets have since declined.
Competition from for-profit universities, with curricula more oriented to job opportunities, has been increasing. Furthermore, the public has noted the tendency for college administrative bloat, Previous college administrations were able to get away with extravagance. They got by and prospered with expansive programs of dubious merit.
It does seem college administrators will have to expand their budget dieting regime further.
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