Universities Benefit from Recession?

In the UK, University applications are up 8%, with some Universities are up significantly higher:

Applications to Oxford and Cambridge rose 9.9%. The University of Exeter said it had an 18% increase in applications from British students and 88% rise in those outside the EU. New universities and smaller specialist institutions also reported record rises. Bedfordshire University had a 24% rise in home applications.

Enrollment/application numbers for Universities in the US and Canada for late 2008/early 2009 are hard to find, however here is what has been published so far:

In Canada, there is concern that recession impacts on post-secondary institutions may include decreasing endowment funds, reduced/weakened fund raising, halted or delayed development projects and less government funding.

In US, Universities share similar concerns as in Canada.   In the US there is particular concern regarding  decreasing endowment funds which are due mainly to the stock market decline:

… the average college endowment lost 2.7 percent in the fiscal year that ended June 30, 2008, according to Commonfund, an organization that manages many colleges’ endowments. A follow-up survey found endowments lost another 22.5 percent in the five months that ended Dec. 1, 2008.

In the US and Canada, Universities are likely to be beneficiaries of the various stimulus packages, which should off-set some of the concerns that are currently being expressed.


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