Articles: Financial Services

Twenty years ago, projectors had three "guns," weighed between 80-120 pounds, were the size of a coffee table, and took a crew of technicians a couple of days to install and converge.

In 2000, the University of Washington School of Medicine sought a project model to build new laboratory space beyond the traditional UW campus.

Hardly a day goes by without a college announcing jobs, programs, or spending cuts. You would think with all the brainpower at our colleges and universities they would be able to come up with better solutions than lopping off people, sections and services to students. But they don’t seem to.

Over the last two years, tax-exempt colleges and universities have become targets of increased scrutiny by the Secretary of Education, the Internal Revenue Service ("IRS") and the Senate Finance Committee.

The downward slope of a stock market graph is an image that parallels how quickly traditional college dynamics can submerge and alter a familiar status quo. Tradition is rooted deep in higher education, but these economic times call for emerging change.

As colleges and universities face the sobering realities of the economic crisis, one has to wonder: Is higher education approaching the perfect storm?

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