A facilities administrator from a suburban institution of 5,000 to 10,000 students says his department faces three challenging realities: increased pressure to reduce operation costs, diminishing resources and a rising deferred maintenance program. Those sentiments are echoed in results from UB’s survey of 44 campus facilities leaders. More than half believe deferred maintenance will become […]

Enrollment declines will be the most pressing concern keeping presidents and other top officials up at night in 2017. Seven in 10 who responded to a UB survey named it as the area with the greatest potential for causing the institution financial or reputational harm. State budget cuts, at 44 percent, are the next biggest worry […]

Recently, plaintiffs’ attorneys have brought dozens of lawsuits against universities alleging that their retirement plan fiduciaries breached their duties under the Employee Retirement Income Security Act of 1974 (ERISA). A failure to fulfill fiduciary duties under ERISA can lead to serious consequences, including personal liability under ERISA. There are steps fiduciaries can take to discharge […]

Recent regulations from the Department of Education improve protection for student borrowers targeted by misleading or predatory practices, and establish a clear path for loan forgiveness in instances of institutional fraud or misconduct—an issue financial aid experts say will impact both for-profits and nonprofits. The Department of Education can now automatically provide debt relief to […]