Campus CFO

The Auburn University Foundation, which receives all charitable contributions made in support of and to benefit Auburn University and Auburn University at Montgomery, recently appointed four new directors to its board and named a new board chair.

Jim Woolen, head of Ferris State University’s Accountancy, Finance and Information Systems department, has been appointed to the Board of Examiners for the Malcolm Baldrige National Quality Award for the fourth consecutive year.

M. Duane Nellis, president at the University of Idaho, is the sole finalist for the Texas Tech University presidency, following a meeting of the Texas Tech System Board of Regents on Friday in Abilene.

Logan College of Chiropractic
Chesterfield, Mo.

Lincoln Christian University
Lincoln, Ill.

Student financial aid administrators, policymakers, and the general public have all expressed increasing concern about student loans, debt levels, and rising default rates, which coincide with worries about college costs, affordability, and transparency. That’s why NASFAA, the association representing nearly 20,000 financial aid professionals from all sectors of higher education, convened a task force in 2012 to study this issue and make recommendations for improvement.

In estimating enrollment behavior, there are variables that are typically significant, such as financial need, total grant, quality measures, intended major, distance from campus, etc. Although the set of variables and their magnitudes are specific to each institution, there are some indicators that are usually more predictive than others.

As one of the most cost-effective administrative tools and marketing vehicles for recruitment and retention of students and employees, campus cards have been representative of technological advancement at higher education institutions across the country. The advent of mobile payment applications on campus will certainly give colleges the competitive advantage they need to boost enrollment, retain students and employees, and develop better relationships with local businesses.

The 2013 ACUTA/NACUBO State of ResNet Report shows that while many campuses are rapidly adapting to meet ResNet challenges, there is still significant concern over the future of the residential network. In this second year of this study, we see the emergence of trends that may tell us a great deal about the trajectory of ResNet policies and perspectives nationwide.

The pace of change in the business offices of universities has never been faster. All eyes are on how institutions will manage the challenges of cost containment pressures, lower federal and state support, and the changing marketplace for higher education. With more demands on your resources—including personnel, capital and time—you have to ensure you are getting the most out of your business partnerships. Of these partnerships, one of the most important is your banker.