1/The talk of an impending recession this past week has me wondering about the impact on #highered. Traditionally, recessions have been glass half-full/half empty events for colleges. Enrollment went up at institutions serving working adults; but state $ and parental $ tightened
The question is will this recession be different. For one, it's not like the last 10 years of this "economic expansion" has been terrific for most of #highered. It has for the "haves" but not the "have nots."
3/At same time, if this recession comes, it will arrive just as a demographic storm around 18-y-o's is approaching in much of the U.S. with a high density of colleges.
4/And just when colleges are already discounting their product substantially and parents are sharing more of the loan burden.
5/The economic expansion we know hasn't benefited most Americans, including those who send their kids to college. If you want to know the reason for those last two graphics, it's this one. (h/t @JonBoeckenstedt).
@JonBoeckenstedt 6/How many college's strategic financial plans have a risk assessment for a recession and what do they project given all these other pressures? Not to be a downer on a summer Monday, but if a recession is more likelier now than it was a year ago, how should colleges get ready?
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