College is one of the biggest expenses that a family might have – tuition for four years a private college can rival the cost of a home. But as the economy shrinks, state aid for higher education may be limited and families can afford less tuition, leaving colleges with questions about what they can charge, and what programs and services they can offer.
VPR’s Jane Lindholm talks with Tim Donovan, president of the Community College of Vermont, Robert Clarke, the chancellor of the Vermont State Colleges and Patrick Norton, CFO at Middlebury College about how these schools are affected by the economic downturn and what colleges are doing to keep students in the know about the school’s budget process.