Week #1 Assignment:   Express Economic Needs of Leaders in Higher Education   Instructions In a reflective paper, describe your previous and newfound knowledge of current funding mechanisms used to support higher education. Reflect on the following questions: ·         Do the factors identified in the Commonfund Report explain the rising costs in higher education? If not, determine what other factors must be considered in colleges’ financial planning? ·         What trends do you see in current funding and expenditure patterns and what do you believe will be their implications for higher education? ·         What predictions can you make regarding the budgetary needs of higher education leadership?