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The Global Economic Meltdown and Its Challenges to Colleges

D. Bruce Johnstone, SUNY Distinguished Service Professor of Higher and Comparative Education Emeritus, Director of the International Comparative Higher Education Finance and Accessibility Project, and Former Chancellor (1988-94) State University of New York

July 15, 2009

The economic meltdown is diminishing both public and private revenues to colleges and universities throughout the world. At the same time, the revenue needs of higher education, both on a per-student and an aggregate basis, continue to increase continuously and seemingly unabated. Professor Johnstone, an internationally recognized scholar on the financing of higher education, discusses what this economic meltdown might mean and its potentially very different impacts on institutions as opposed to students, on public as opposed to private institutions, on colleges as opposed to universities, on selective as opposed to open admission institutions, and on colleges and universities in different states and countries.