The Herald Bulletin

Afternoon Update

Local Education

November 22, 2013

AU president featured in WSJ article

Wall Street Journal report details colleges’ financial struggles

ANDERSON, Ind. — Anderson University President James Edwards is featured in an article, “Tuition Crunch Takes Big Toll,” that appeared Friday in the Wall Street Journal.

A photo of Edwards walking outside AU’s Decker Hall accompanies the article on page A3. The AU president is quoted twice in the story, which notes that the university’s enrollment is down 7 percent this year and that AU has cut its French, philosophy and theater majors along with some faculty positions.

The first paragraph of the story, which is based on a Moody’s Investment Service survey, reads, “Nearly half of the nation’s colleges and universities are no longer generating enough tuition revenue to keep pace with inflation, highlighting the acceleration of a downward spiral that began as the recession ended.”

Edwards is quoted in the story saying, “We’re all kind of holding our breath. The really big question is where is all of this heading. ... I think families are really struggling. So few have planned for the college years, and they get here and they wonder how can I climb this crazy mountain.”

The story can be found at www.wsj.com, but a paywall on the website blocks visitors from reading the article free of charge.

Earlier articles in The Herald Bulletin have detailed AU’s enrollment decrease and academic and faculty cuts.

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