Summary on Sharon McLaughlins Budgeting Article

The great recession has resulted into increased cost of living characterized by a general increase in prices of items. According to McLaughlin, the effects have also been felt by the learning institutions.Advertising We will write a custom report sample on Summary on Sharon McLaughlin’s Budgeting Article specifically for you for only $16.05 $11/page Learn More Many colleges and universities have experienced huge losses, forcing them to make major decisions and adjustments to compensate for them. This paper gives a summary of McLaughlin’s opinion in his article â€Å"Colleges’ response to budget issues will affect students†. Among the major adjustments and decisions that colleges have employed is the amendment of their â€Å"No Loan† policies. Prior to this major amendment decision, a number of colleges in the United States offered grants and scholarships to middle income earners to facilitate their studies. The scholars hips and grants program proved expensive due to the endowment losses that most of these universities encountered. As a result, they all started reviewing their scholarship and grants policies and some of them preferred to scrap of their â€Å"No Loan† policies. In addition, these colleges and universities increased their preference for the richer out-of-state students to the low income in-state-students. These universities finally resorted to doing away with more faculties’ staff, and reducing student service option with an aim to accommodate the budget shortfalls. These layoffs have resulted into fewer courses being offered in the colleges and universities, elimination of majors, and delays in student service areas. McLaughlin advises that students in search of higher education should start by finding out the financial aid policies available in the colleges and universities and if these programs are prone to such changes. The students should also find out the populari ty of the major they intended to pursue in their college of choice. If it is expensive they should opt for another college or take another more affordable major. To ameliorate the impacts of these changes, students may find it cheaper to live off campus with a roommate instead of the expensive in-campus accommodation.Advertising Looking for report on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More In my opinion, the effects of the recession are widespread and no one is immune from them. The changes the universities and colleges have put in place are an evidence of this strain, and the students can only cope if they employ cost-effective measures. These measures should be able to favor them in this period of budget cuts. Works Cited McLaughlin, Sharon. College’s Response to Budget Issues Will Effect Students. EzineArticles, Dec. 2009. Web. This report on Summary on Sharon McLaughlin’s Budgeting Article was written and submitted by user Savanna L. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.