Professor Van Ry

Things were supposed to get better after the 2012 fiscal year, the year that colleges fell off the “cliff” created as federal stimulus money for higher education ran out and state appropriations had yet to recover.

Instead, 2012 was just foreshadowing the difficult financial future that public colleges will continue to face, according to a new report from Moody’s Investors Service, a bond-rating company.

Moody’s analysis of median fiscal data from 2012 show that enrollment at public colleges was essentially flat, revenues grew less than 2 percent, and expenses increased more than 3 percent—nearly twice as fast as inflation. <Read more.>

Via Eric Kelderman, The Chronicle of Higher Ed.