Institutions today are seeking to become leaner operationally while growing their revenue, and they're improving tech infrastructure to reap big rewards for the years to come, according to BDO's latest survey.
Purdue, for example, has agreed to its twelfth consecutive year of freezing tuition, set below $10,000. The university estimates that this decision has saved students more than $1 billion on educational and living expenses since 2013. However, most public institutions cannot afford to set a tuition freeze without state funding.
Key takeaways EAB gathered in their latest meta-report paint a comprehensive picture of higher education's future college cohort: "Gen P." The report draws from conversations with over 20,000 high school students, counselors, parents, EAB partners and college enrollment teams.
Since fall 2017, enrollment at the state's four-year public institutions has declined by 12.4%, a dramatically worse dip than the nation's overall 3% decrease in that sector, according to the National Student Clearinghouse Research Center.
By undertaking these programs now, campus communities will reap the benefits for generations to come – saving energy and reducing waste, instilling in students’ lifelong habits of sustainable practices, and even saving money along the way.
Inflation, decreased school endowments and state budget cuts are causing university tuition to rise by up to 9%. As a result, most colleges are choosing to pump up their financial aid packages and scholarship programs to cushion the blow to students.