Do purchase orders and long-term service contracts reflect a university's strategic mission? They may matter more than ever, according to two women at the forefront of procurement.
Universities are receiving fewer FAFSA submitters and looking at smaller enrollment numbers than last year due to this year's federal aid delays. Small- to mid-sized private colleges recuperating from the pandemic have another steep hill to climb.
Higher ed funding, particularly at the state level, is not going in the direction one might expect at public colleges and universities a few years after the economic turmoil of the COVID pandemic. And neither is enrollment, according to a new analysis.
"As a result of our budget decisions, the university will be in a position to allocate sufficient funds to ensure no college starts FY 2025 in a budget deficit," University of Arizona President Robert Robbins wrote in an email to the community ahead of the board meeting.
The biggest casualty of an institution's thinned budget will be student support services, such as financial aid and tuition discount rates, says Bill Guerrero, University of Bridgeport's CFO.
Money Magazine revamped its ranking due to the changing needs of average Americans looking for the best investment based on what they personally value amid higher education's inflated price tag.
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.
A degree in finance from some of the country's most esteemed private institutions can earn a student at least $30,000 more than the median B.A. graduate earns, according to data collected by Looking Glass Institute.
West Virginia's governor is honored to play a part in building Marshall University's new baseball stadium, but one official believes he is "grossly" misappropriating a huge chunk of COVID-related emergency funding to do so—and calling for a federal investigation.
