The crisis is likely to have the following implications:
-- 1.
Research universities are likely to see significant constraints on their budgets as governments will be unable to provide the resources needed for their continued improvement. In many cases, the priority will be to allocate funds to ensure that access to the higher education system is not dramatically cut. 2.
In countries where student loan programs exist, either in the public or private sectors, severe constraints on their availability to students may be implemented along with increased interest rates. 3.
The system will face pressure to establish or increase tuition fees for students.4.
Cost-cutting practices at many universities will result in a deterioration of quality. More part-time faculty are likely to be hired, class sizes increased, and additional actions taken. 5.
"Freezes" on hiring, construction of new facilities, improving information technology, and purchasing books and journals are likely developments.EDUCATE, EMPOWER, ELEVATE
Prof. Bholanath Dutta
Founder & President
MTC Global: An Apex Global Advisory Body
in Management Education, ISO 9001: 2008
Partner: UN Global Compact I UN Academic Impact
Cell: +91 96323 18178 / +91 9964660759
The views expressed are individual and not necessarily MTC Global also share the same views.
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