What was the impact of the Great Recession on higher education?

What was the impact of the Great Recession on higher education?

The Great Recession significantly affected higher education by leading to budget cuts, increased tuition, and reduced enrollment.

How did these budget cuts affect students?

Budget cuts often resulted in fewer resources, larger class sizes, and reduced financial aid, making it harder for students to succeed.

Were there any long-term effects on universities?

Yes, many universities had to adapt by increasing online programs and seeking alternative funding sources to remain viable.

Did the recession change the way students view higher education?

Absolutely, many students became more cautious about taking on debt and began to prioritize job-ready skills over traditional degrees.

What lessons were learned from this recession?

One key lesson was the importance of financial resilience and the need for institutions to diversify their funding and adapt to economic changes.