The financially sustainable university – A focused strategy can help colleges and universities reinvent their industry and stop spending beyond their means, by Jeff Denneen and Tom Dretler
“Few industries in the United States have achieved unquestioned global leadership as consistently and effectively as our higher education system. US colleges and universities are the cornerstone of our economic prosperity and the key to realizing the American dream. Thirty years of growth have confirmed the sectors leadership and vibrancythe result of demographic and economic factors combining to lift higher education even higher. Despite this success, talk of a higher education bubble has reached a fever pitch in the last year. The numbers are very familiar by now: Annual tuition increases several times the rate of inflation have become commonplace. The volume of student loan debt has surpassed $1 trillion and is now greater than credit card debt. Most college and university presidents, as well as their boards, executive teams and faculty members, are well aware that a host of factors have made innovation and change necessary.”
Related to the report – “This graphic displays unfavorable changes to equity and expense ratios that put schools at risk. Click to view schools in each segment, or filter by school type or search by school name.”
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