Quotation by
Arne Duncan
State governments generate less revenue in a recession. As state leaders struggle to make up for lost revenue, legislatures tend to cut funding for higher education. Colleges, in turn, answer these funding cuts with tuition hikes.
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Understanding this quote AI Analysis
When the economy is bad, state governments collect less money, so they reduce the amount they give to colleges. Because colleges get less money from the state, they increase tuition fees to cover the shortfall.
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