How A Recession Impacts IHEs And Students

The national economic downturn is certainly felt in college towns like this one, home to three very different institutions within a few miles of one another, in a region still smarting from the loss of thousands of textile jobs. As for job prospects for new graduates, the news is mixed. For colleges themselves, an economic slump can be good for business, reminding people of the value of more education and pushing them to get a diploma when other opportunities are scarce. Colleges plan for the long haul, so many can take advantage of the effects of an economic slump, such as lower construction costs and - if the credit crunch passes - lower costs to borrow money. Read more at:
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