"With the Big Three seeking a bailout from Washington,...executives of 36 public universities, state university systems and higher-education associations, urging Congress and President-elect Obama to rescue them.
Mr. Obama has already promised to expand federal subsidies to higher education by increasing Pell grants and making student-loan terms more permissive. The university chiefs seek an additional 'federal infusion of capital' -- as much as $45 billion -- to build new facilities, especially 'green' ones."
Thursday, December 18, 2008
'A university bailout? from WSJ.com
'Shovel-Ready' on Campus - WSJ.com: