Many institutions continue to rely on outdated financial planning tools. Nearly 50% still use spreadsheets for forecasting and tuition projections, and nearly a third use spreadsheets for budgeting, according to a Syntellis survey.
FAS found that only about 25% of institutions are satisfied with existing financial aid services. Recent national developments will only exacerbate the problem.
The private college did not meet the criteria for its “resource base” due to unstable finances that include a lack of plans to balance the school’s budget and reduce debt, according to HLC, an accrediting agency recognized by the U.S. Department of Education. The college has until Oct. 1, 2024, to submit a filing confirming […]
Despite recent measures President Biden has taken to relieve student debt and halve repayment plans, the administration faces criticism on both sides of the aisle and with relief advocates.
Most teens firmly believe in the importance of a four-year college degree, but they're becoming increasingly open-minded toward other postsecondary opportunities, a new survey suggests.
Today's campuses are complex ecosystems of sensitive financial data that can be difficult to secure, and higher ed institutions have increasingly become targets for hackers and cybercriminals. Payment Card Industry (PCI) standards were developed to regulate security measures for merchants that process, store, or transmit credit or debit card transactions. Compliance is not optional, and […]
Increasingly, colleges and universities are limiting cash on campuses and seeing a variety of benefits, including reduced administrative workloads, modernized operations and improved efficiency. An environment that prioritizes cashless transactions also better meets the expectations of students, parents and campus visitors, who overwhelmingly no longer carry or use cash. Download this eBook to learn more […]
Indiana’s public colleges and universities are slated to increase tuition and fees over the biennium—up to 4.9% per year—despite pushback from some state lawmakers and budget officials. CHE commissioner Chris Lowery emphasized that at Indiana’s public four-year colleges, in-state tuition and mandatory fee rates fell by an average of 2.1% annually over the last decade—the […]
