BY BRIAN C. MITCHELL In many respects, what a college or university business officer (CBO) thinks about the health of higher education says more about the vitality and sustainability of America’s colleges and universities than the opinions of any other group surveyed. The reasoning is simple. The business officers know where the money comes from…
BY BRIAN C. MITCHELL It’s enlightening to watch what issues surface when the subject of college faculty arises in the public arena. Education Secretary Betsy DeVos, whose experience in higher education is minimal, offered her first substantive comments at the Conservative Political Action Conference last week when she called out faculty for silencing free speech:…
BY BRIAN C. MITCHELL Last week, National Association of College and University Business Officers (NACUBO) and Commonfund released their report on the endowment performance of the 805 colleges and universities who responded to their survey. The outlook was fairly dismal and sheds light on the precarious foundation on which American higher education’s financial model is…
BY BRIAN C. MITCHELL There is a basic, fundamental truth about the American college or university operating model: It doesn’t work. In the second half of the 20th century, America’s colleges and universities moved toward a similar operating model, depending upon their size, purpose, and funding source. Some scaled up to the research powerhouses that…
BY BRIAN C. MITCHELL On September 13, a House subcommittee holds a hearing that, according to Janet Lorin in Bloomberg , “is set to look at how colleges, through their tax exempt endowments, are trying to reduce tuition.” The subcommittee hearing features testimony from policy experts and college officials. It’s an interesting time to examine college endowments. As Ms.…