Higher education, it is suggested, should accept some federal cutbacks, but cuts that threaten research or push too many students away from careers with social responsibility do national harm. Leadership on campuses is needed to institute reforms where needed, and to encourage student's ethical sensitivity. (Author/MLW)

Widespread efforts by colleges and universities to reduce expenses and raise revenues can increase the institution's exposure to risk. Common risks arise from neglect of physical plant, government regulation, financial burdens, campus security and crime, sexual harassment, third-party contracts, staff reduction, failure to educate, and…