Tuesday, October 27, 2009

Reality or Ruse: Questioning the Financial Crisis in American Higher Education

By: Kristi Painter


It is hard to overlook the current financial state of America which has affected a majority of the population in a significant way. Common sense might tell you that if the situation is affecting every other section of the nation then it would be hitting the universities also. Our knowledge was supposedly confirmed when most tuition rates throughout the country were raised but according to Howard Bunsis,“at many campuses, there's no financial crisis at all”. Some colleges are gaining more revenue than before and many have enough savings that a financial crisis does not set them back at all. However, if this is true, why are tuitions being raised and faculty salaries being lowered?

University administrators have again set their priorities in a very businesslike manner, money first. They realize that a college education has become the standard for most young adults. We attend college even if it puts us into debt because we believe that it will give us a better future. They also realize that the faculty demands are low among all the universities making it very hard for a faculty member to quit one school because of a lowered salary. Universities are using their students and faculty and not focusing on the possible educational consequences. A lesser paid faculty member may spend their time worrying about how they are inadequately compensated for their efforts or even about if they will be able to make ends meet. Harming the educational quality of a university should not be the first thing universities resort to when their business is threatened by financial issues.

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