Quote by Arne Duncan
State governments generate less revenue in a recession. As state leaders struggle to make up for lost revenue, legislatures tend to cut funding for higher education. Colleges, in turn, answer these funding cuts with tuition hikes.
Summary
This quote highlights the impact of a recession on the funding of higher education. During an economic downturn, state governments experience a decline in revenue, which often leads to budget cuts. As a result, higher education institutions face reductions in funding from state legislatures. To compensate for this shortfall, colleges and universities tend to increase tuition fees. This cycle reflects how economic difficulties at the state level can directly affect the affordability and accessibility of higher education for students.
By Arne Duncan
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