Colleges still squeezed by inflationary construction costs
Inflation has come down from last year’s soaring heights, but colleges are still feeling the effects of supply chain issues and labor shortages that keep construction costs high. Last year inflation soared to near-historic highs, prompting colleges to raise tuition or make cuts as they dealt with rising operational costs. Now inflation has leveled off, but the higher education sector is still being squeezed by the lingering effects of elevated costs and ongoing supply chain issues.
Source: insidehighered.com