Trustees, it is suggested, should keep an eye out for burgeoning short-term debt, over-optimistic income estimates, hidden enrollment problems, student attrition, and loss of special revenue sources. The absolute size of a college is seen as a factor in making the decision to close. (MLW)

Perspectives concerning the effective use of a small college's resources and assets in a time of declining government support and decreasing enrollments are presented. Attention is directed to improving cash flow, staff reduction and early retirement, external sources of long-term financing, college financial student aid, and managing real estate…

This second publication in a three-part series called "Alternative Futures" is essentially a workbook that, followed step by step, allows a college to see how its use of space has changed over time. Especially designed for small colleges, the kit makes use of the information that is routinely collected, such as annual financial statements and…