Monday, October 19, 2015

Vandy Takes on Federal Regs, Redux - Michael Stratford, Inside Higher Ed

The nation’s colleges and universities collectively spend an estimated $27 billion each year trying to comply with federal requirements. The report, which is being published today, comes several months after the university courted controversy over how its president represented the findings of an initial review of regulatory burden on its own campus. The study, which was completed by Boston Consulting Group, found that the 13 colleges and universities varied in how much of their budgets were consumed by compliance activities. Compliance with all federal requirements accounted for between 3 and 11 percent of the institutions’ operating expenditures, excluding any expenses associated with running a hospital.

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