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When budgets are cut, reduced spending is a natural consequence. This is a widely accepted cause and effect relationship being proved out all over the world.

There is also a pervasive notion that if spending is reduced, then a decrease in quality or level of output must follow. For instance, there are countless examples of companies reducing their quality standards or giving you less for the same price in an effort to reduce their costs.

In higher education, this thinking can translate into the assumption that increasing the number of students an institution graduates in a given period of time, without an increase in spending, must lead to a reduction of quality in the education those students will receive. …read more | watch video