Education: Balance Sheet

The chief concern on most campuses is still money. A month ago, the Carnegie Commission on Higher Education reported that for most colleges rigorous cost cutting had arrested a slide toward bankruptcy (TIME, April 23). The commission also added a warning that the stays may be temporary. Since then, there have been additional data from the financial front that spell good tidings for professors and administrators but distinctly bad news for parents:

> The American Association of University Professors reported that for the first time in three years, faculty salaries rose faster than the cost of living. Its survey of 1,179 colleges...

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