The answer of the above question is pretty straight forward.  Bumpy road ahead for most US higher ed.  Many years ago the Association has predicted and shared of what is coming to the public.  However, only a few take advantages of what we have forecasted based on publicly available data.  Less resources means:

1. Force Colleges to increase tuition.  This is the past sub-optimal and self- destructive policy which may not viable, given the consumers’ awareness,  change in their perceive value on higher ed, and current administration’s higher ed policy.
2. Cut cost and spending across the board, including administrators’ and professors’ fat earning.  Interestingly, some advices have been offered to college presidents’ when they have to let go.
3. Cut employees’ benefits.
4. Lay off, especially for duplicated units on campus that do not relate directly with students services.
5. More work for faculty and staff who are lucky to have a job.  Teaching faculty may teach more than 6 classes in a semester, and competing for research funding becomes a priority from the management.  As results, teaching may not be the first priority, and that quality may be compromised.

The bottom line is that financial stress will increase which may lead to more closures, merger and campus down-sizing.

Campus restructuring will end up with fewer, but stronger institutions.  Some of these institutions such as Brown University has made a great preparation by campaigning to create fund which will be used to replace students loans.  This has an important strategic implication, i.e., only the academically strongest students will be admitted to it’s program.