Friday, July 17, 2015

Closure Concerns and Financial Strategies: a Survey of College Business Officers - Kellie Woodhouse, Inside Higher Ed

Nearly one in five college and university chief business officers are worried their institutions are at risk of shutting down in the foreseeable future, and skepticism over the financial model of their institutions continues from last year, according to a survey by Inside Higher Ed and Gallup. But are institutions doing enough to navigate an era of financial difficulty? The 2015 Survey of College and University Business Officers, Inside Higher Ed and Gallup's fifth such study, reveals that as institutions deal with financial concerns, they are using some strategies, like increasing enrollment, more widely than more unpopular methods of trimming the budget. And that’s not necessarily to the benefit of struggling colleges, analysts interviewed for this article say.

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