Closure Concerns and Financial Strategies: a Survey of College Business Officers
The 2015 Survey of College and University Business Officers, Inside Higher Ed and Gallup’s fifth such study, reveals that as institutions deal with financial concerns, they are using some strategies, like increasing enrollment, more widely than more unpopular methods of trimming the budget. And that’s not necessarily to the benefit of struggling colleges, analysts interviewed for this article say.
In the survey, 64 percent of business officers this year strongly agreed or agreed that their financial model is sustainable over the next five years, compared to 62 percent last year. That confidence drops to 42 percent over 10 years, roughly similar to last year’s response of 40 percent.