Summary: The Economic Crisis

The current economic crisis we are in is much like others in the past. The crisis is supposed to strike in "two waves", the first being the crash in the credit and stock markets. The second wave affects pretty much everything else, from "consumer demand to unemployment to the possibility of substantial business failure." These failures all affect colleges in one way or another, whether it be an increase of tuition, or making it hard for colleges to raise any funds. Most colleges will be affected since they all somewhat rely on tuition to make money, and with higher prices, people can't pay the tuition,which means less money for the colleges! The few good things that come out of this economic crisis is a reduction in utility costs and lower prices on oil and gasoline!