This book is intended as an overview of the financial management challenges facing colleges and universities. Among the problems identified as affecting institutions are: the demographic decline in the number of 18-year-olds; the belief that tuition costs have become prohibitive for an increasing number of families; reductions in federal subsidies…

This book provides a group of articles concerning the equity and efficiency of prepaid college tuition plans. Chapters: (1) introduce the subject; (2) examine the competing financial theories at play in this field; (3) present a study of the Michigan Education Trust's decision to expand its subscriber base by offering a monthly payment option; (4)…

This monograph investigates and discusses the various approaches of innovative financing initiatives in higher education which have developed over the last few years. The 16 chapters and authors are as follows: "Stresses in the Student Financial Aid System" (Martin Kramer); "Evolution and Prospects of Financing Alternatives for…

The 10 papers in this handbook consider higher education theory and research. Following an opening essay, "Recollections and Reflections," by C. Robert Pace, which offers reflections on higher education as a field, on its evolution, and it future research needs, papers include: "Reflections on the Study of Effective College Teaching…

This report attempts to define the nature and dimensions of the "college affordability crisis." It covers trends in college costs, student ability to pay, and some of the ways in which affordability problems are being addressed. The report finds that while annual growth in college costs has slowed, cost continues to exceed growth in…