The purpose of the U.S. Department of Education's (Department's) fiscal year (FY) 2022 "Agency Financial Report" (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to advance the mission of the Department to promote student…

The purpose of the U.S. Department of Education's (Department's) fiscal year (FY) 2023 "Agency Financial Report" (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to advance the mission of the Department to promote student…

The purpose of the U.S. Department of Education's (Department's) fiscal year (FY) 2021 "Agency Financial Report" (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to advance the mission of the Department to promote student…

With recent research from the Institute for Higher Education Policy showing that college is unaffordable for as many as 70% of working- and middle-class students, concerns about college costs are mounting. The cost of operating an institution of higher education, with very few exceptions, is reflected in the price of attendance that students,…

The purpose of the United States Department of Education's (Department) fiscal year (FY) 2020 "Agency Financial Report" (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to advance the mission of the Department to promote…

Adam Smith's moral philosophy can be used to introduce economics students to the important idea of transactions costs. The author provides a brief background in this article to Smith's moral philosophy and connects it to the costs of transacting in a way that fits easily into the standard principles of microeconomics classroom. By doing…

Managing liquidity--a college or university's ability to access cash quickly or to easily convert assets to cash--is an increasingly crucial component of enterprise risk management. Liquidity risks lurk around nearly every corner--in the endowment portfolio, the debt portfolio, and in working-capital management. It also influences students'…

Facilities and services are a huge drain on community college budgets. They are also vital to the student experience. As funding dries up across the country, many institutions are taking a team approach, working with partner colleges and private service providers to offset costs and generate revenue without sacrificing the services and amenities…

For more than 25 years the Public School Forum of North Carolina has isolated state and federal spending to examine the capacity and effort counties make to support their schools. The intent of the annual Local School Finance Study is not to blame counties for their effort to support schools, but to examine the capacity and actual effort the…

The Green Loan Fund at Harvard University has been an active source of capital for energy efficiency and waste reduction projects for almost a decade. This case study examines the revolving fund's history from its inception as a pilot project in the 1990s to its regeneration in the early 2000s to its current operations today. The green revolving…

Did you know that the nation's 17,450 K-12 school districts spend more on energy than on computers and textbooks combined? Energy costs represent a typical school district's second largest operating expense after salaries. Schools that have earned the ENERGY STAR--EPA's mark of superior energy performance--cost 40 cents per square foot less to…

The author reports on the reigning economic calculus that helps to drive constant expansion and poor utilization of space on many campuses. The author states that colleges could charge for utilities, which might encourage departments to save energy. Most American colleges do not charge for space--in part because doing so would raise the hackles of…

Public universities are not for-profit businesses with an easy-to-understand bottom line: their financial reports are not designed to convey information to the public fully or to reflect all the costs of teaching and research. Financial reports do track every dollar in accordance with the accounting rules required by auditors, but they do not…

The State University System of Florida has developed three tools that aid in guiding the System's future: (1) The Board of Governors' new "Strategic Plan 2012-2025" is driven by goals and associated metrics that stake out where the System is headed; (2) The Board's "Annual Accountability Report" provides yearly tracking for how…

The State University System of Florida has developed three tools that aid in guiding the System's future: (1) The Board of Governors' new "Strategic Plan 2012-2025" is driven by goals and associated metrics that stake out where the System is headed; (2) The Board's "Annual Accountability Report" provides yearly tracking for how…