Another College Just Closed Its Doors. What That Means for Your Institution and the Future of Higher Education
Preview:
In the study of economics, the relationship between inflation and market correction is complex and interesting. Recently, I have found myself studying this relationship to understand what has been occurring in higher education and what realities are on the horizon – and for me, this is all starting to make sense. According to the Federal Reserve, inflation is a rise in the price of goods and services. According to Nasdaq, a market correction is a relatively short-term drop in stock market prices, generally viewed as bringing overpriced stocks back to a level closer to companies' actual values. To begin understanding the relationship between these two variables, it is crucial to understand that, while inflation does not directly correlate to a market correction, combined with other critical factors such as economic slowdown and political instability, it can lead to a market correction. Now, let’s apply these concepts to higher education.
Originally published: May 23, 2024
Author: Mordecai Ian Brownlee
Position: President
Institution: Community College of Aurora
Published by: Diverse Issues in Higher Education