With creativity and effort, we can identify the structural changes needed to preserve opportunities for students and build a stronger NCAA as we emerge from the pandemic. Cutting sports is not the right answer, says UB guest columnists Kathy DeBoer of the American Volleyball Coaches Association; Greg Earhart of the College Swimming and Diving Coaches Association of America; Rob Kehoe of the College Programs for United Soccer Coaches; and Mike Moyer of the National Wrestling Coaches Association.
Congress should establish a fund to reimburse colleges and universities directly for the refunds they issue to students due to COVID-19, says UB guest columnist Jonathan Krasno, a professor from Binghamton University State University of New York.
Campus leaders should act now to make their case for their college or university's share of $3 billion in CARES Act funding that is going to state governors to spend as they see fit on K-12 and higher education.
Five college and university financial leaders share insights on operations, enrollment, state funding, cash flow, opportunities for savings and investments, and more in a Q-and-A with UB guest columnist Kermit S. Randa.
UB guest columnist Rick del Rosario addresses the benefits of the cloud for enrollment efforts, including increased efficiency, as remote work rises due to the coronavirus.
Data is key to improving financial performance, but 76% of higher ed finance leaders say they lag other industries in adopting modern tools and processes, making it difficult to follow the money trail and use data to guide decisions, says UB guest columnist Kermit S. Randa of findings from a new Kaufman Hall report.
Giving to higher education hit a record $49.6 billion in 2019. Growth was driven by an increase in donations from organizations, though personal giving declined.
Unless you are among the nation's exclusive (and expensive) colleges and universities, you need to focus on affordability and curricular innovations, says Scott D. Miller, UB guest columnist and president of Virginia Wesleyan University. Those resistant to change are ignoring market realities that can combine to create the perfect storm—and lead to closure.
The University of Missouri solved a unique retention problem after recently switching to TouchNet solutions. The move allows families to refine budgeting for term bills, while hopefully prompting students to think twice before buying a nonessential item.
