BY LEO WELCH In recent history, Illinois’ support for higher education has shown little growth and in fact has lagged far behind inflation. Susana Mendoza, Illinois Comptroller, released a report on September 20, 2018 on the Consequences of Illinois’ 2015-2017 Budget Impasse and Fiscal Outlook. The full report includes the background and history of Illinois’…
BY BRIAN C. MITCHELL In How to Run a College: A Practical Guide for Trustees, Faculty, Administrators and Policymakers, Dr. Joey King and I make a case that colleges must begin to reimagine themselves by rethinking their operating models. Reduce Dependence on Tuition Revenue It no longer makes sense to depend so heavily on tuition…
BY BRIAN C. MITCHELL In our new book, How to Run a College: A Practical Guide for Trustees, Faculty, Administrators and Policymakers, Dr. W. Joseph King and I assert that the current operating model by which colleges meet their expenses no longer works. This financial crisis is best viewed through one revealing statistic – the…
BY BRIAN C. MITCHELL There are wide variations in the levels of financial support that alumni offer to their alma maters. While alumni giving rates at a few select colleges and universities may approach 60% of the identifiable alumni, most institutions have substantially lower levels. It’s a persistent source of discussion in budget conversations on…
BY BRIAN C. MITCHELL The Council of Independent Colleges (CIC), a Washington-based private college presidents association serving more than 700 colleges, universities, and organizations, recently released an important report on what private college presidents are thinking. Chris Quintana described its implications in The Chronicle of Higher Education, “What’s on the Mind of the Private-College President?…
POSTED BY MARTIN KICH Wright State faculty and students need your support. Right now, the stakes at Wright State have never been higher— over the past several years, our students, the local workforce, and the region’s economy have been harmed by the administration’s poor stewardship. And now that this administration has exhausted the financial resources…
BY ROBERT A. SCOTT According to Moody’s Investors Service, about 25% of private colleges are experiencing budget deficits. It also is estimated that traditional high school graduates will decline by 9% between 2026 and 2031, reducing by almost 300,000 the number of four-year college students. Moody’s also predicts more campus mergers and closings. Finally, it…
BY BRIAN C. MITCHELL One of the most interesting responsibilities as a college president is to serve as a member of the president-led athletic conferences. With experience as a chair of conferences at the Division I and Division III levels, I can report that there are some striking differences between the divisions. But what stands…
BY BRIAN C. MITCHELL According to Inside Higher Education’s recent survey of college business officers, only 44 percent of those at private baccalaureate institutions believed that their institutions would be financially stable over the next decade. That means the leaders of these institutions – most of which lack a sizeable endowment – will need to…
BY BRIAN C. MITCHELL Inside Higher Education (IHE) released its 2018 Survey of College and University Business Officers last week. While the findings vary across the different sectors of American higher education, many are sobering, especially for four-year private colleges. Many Small, Private Colleges’ Financial State is Perilous According to the IHE survey, conducted in…