Inside Higher Ed reports that Moody’s Investors Service‘s U.S. Higher Education Mid-Year Outlook is disappointing for higher education. American colleges and universities face the challenges of heightened competition for students, declining revenue sources, backlogged maintenance getting worse, and a growing number of new problems that can only compound existing problems.

The institutions already struggling financially are now much more vulnerable to an extended period of weakness in the global economy, so we can probably expect more cutbacks and closures across the country. Government universities and weak private colleges are most likely to feel the pinch first.

See the IHE news brief here.