Public universities in the Midwest are raising prices for out-of-state students, as Florida schools consider making the same move for the first time since 2012.
Cornell and Duke are among the colleges weighing layoffs. The University of Minnesota is cutting hundreds of jobs, even as undergraduate tuition soars as much as 7.5 percent.
Just as America’s colleges are preparing to welcome what could be the largest freshman class in the nation’s history, political and economic forces are unleashing havoc on higher education budgets. Schools are grappling with meager upticks in state support and topsy-turvy economic forecasts, and Republicans in Washington are pursuing federal budget cuts and threatening tax hikes.
Students and employees from coast to coast are poised to feel the squeeze. Although the exact consequences will vary by school, administrators are warning that many students may have to pay more, professors may lose their jobs, programs could vanish and support services could shrink.
Imagine that.
