At commencement time a year ago, U.S. campuses throbbed with antiwar protests, the trauma of student killings at Kent State and Jackson State. In 1971, the year-end mood is dramatically different. While seniors chase scarce jobs, the campuses face a mounting financial crisis that may change the shape of U.S. higher education. At the same time, student activists are switching from radical protest to privatism, piety and politics. After examining such trends across the country, TIME National Education Correspondent Gregory H. Wierzynski sent this report:
Rising costs now squeeze everyone from chancellor to...
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