Historically, the cost of utilities has been the dominant area of spending. Although that continued in FY2022, spending rose in every area tracked by the Commonfund Higher Education Price Index.
"The operations of the state's colleges and universities are facing new challenges in today's world, such as competing with remote work opportunities in addition to salary compression," said ACHE Executive Director Jim Purcell.
Broke Scholar's latest analysis—known as The Ramen Index—lays out which cities are most generous with student discounts and scholarship rewards for those who need to live on a shoestring.
Market conditions were "insurmountable" for Cazenovia College, which faces a deficit of several million dollars after a 40% decline in enrollment and investments made to cope with COVID.
The pipeline of traditional-age students will tighten further midway through this decade because of the drop in births during the Great Recession of 2008, forcing college leaders to compete more aggressively for fewer students.
Higher ed leaders are not using college tuition increases to pass the costs of stubbornly high inflation onto students and families, a new analysis finds.
