…The emerging picture is decidedly less optimistic than that of previous years. This year, 71 percent of chief business officers agreed with the statement that media reports saying higher education is in the midst of a financial crisis are accurate. That is up from 63 percent in 2016 and 56 percent in 2015. Chief business officers at public and private nonprofit institutions varied only slightly in their assessment. At public universities, 68 percent of chief business officers agreed reports of a financial crisis in higher education are accurate, compared to 74 percent of chief business officers at private nonprofit institutions. The portion of chief business officers who believe their own institutions will be financially stable in the coming decade also dropped significantly. Just 56 percent of survey respondents agreed or strongly agreed that their institutions will be financially stable over the next five years, down from 64 percent a year ago. Less than half, 48 percent, agreed or strongly agreed their institutions will be financially stable over the next 10 years, down from 54 percent a year ago.

Read full article [here].
by Doug Lederman and Rick Seltzer, Inside Higher Ed.

Posted: July 28th, 2017, by: admin. Categories: . Awaiting Comments.