Sagging Enrollments, Faculty Inertia, and GOP Backlash Yield Gloomy Financial Forecasts For Colleges

MagGlass-Blog

(from Forbes):

By Thomas K. Lindsay

For the past seven years, Gallup, commissioned by Inside Higher Ed, has polled the opinions of the country’s college and university business officers. This year’s results are out. They are not optimistic, nor should they be. According to the respondents, a growing number of their schools face not only financial decline but also an inability/unwillingness to deal with it.

As a former professor and senior university administrator, I took part in various schools’ efforts to address budget shortfalls through strategies to increase enrollment and, with it, net tuition revenue. This tack often worked in the past, but these chief business officers told Gallup that this strategy is likely no longer viable. CONTINUE READING HERE

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