Universities face an uncertain funding environment and turbulent marketplace. Financial scenario modelling offers a potential mechanism to assist in navigating a way forward. Our previous paper on UK universities' practice found some variation in the sophistication of the approaches taken, but the overall impression was of a relatively simple…

We leverage a unique two-stage experiment that randomized access to private school vouchers across markets as well as students to estimate the revealed preference value of school choice. To do this, we estimate several choice models on data only from control markets before turning to the treatment data for model validation. This exercise reveals…

This chapter is intended for practitioners and scholars seeking to learn more about organizational finances. A hallmark of the U.S. higher education system is its heterogeneity. From research universities to community colleges, each institution seeks to excel in serving its respective mission. To do so, the institution must have a viable business…

The purpose of the primer, written by MAYA Consulting, LLC., is to support charter schools in considering community-centered and collective impact approaches for improving results. Using the community schools model as an example, the primer makes the case that community-centered and collective impact approaches are ways to address the unmet needs…

This chapter describes a comprehensive set of best practices for the evaluation of state formula funding models and state higher education funding in general, based on existing practices within the United States. It represents a review of practices that lead to stakeholder engagement as an objective, collaborative process.

Graduate strategic enrollment management (SEM) professionals must become fluent in the mechanics of their institution's budget model in order to better understand how graduate enrollment headcount and tuition revenue translate into the resources that power the institution and fortify it to withstand a potentially uncertain future. This article…

This chapter invites higher education to reimagine accountability within a backdrop of budgeting and financing as it relates to Hispanic Serving Institutions (HSIs). The authors call for more transparency in their pursuit of Latinx-specific funding and the implementation of race-evasive spending. Examples of how institutions, students, and funders…

Colleges and universities across the country must make significant capital investments to meet today's digital demands. Critical Connections explains why this challenge is more complex for Historically Black Colleges and Universities (HBCUs) than for predominantly White institutions (PWIs). It also details: (1) What makes the HBCU model so…

The Education Scholarship Account Act allows parents to use the funds that would have been allocated to their child at their resident school district for an education program of the parents' choosing. The Act identifies student eligibility as well as approved educational expenses. The Act establishes procedures for parents to apply to the ESA…

The United States cannot meet its higher education goals without changing the way it funds public colleges and universities. Current funding models do not sufficiently advance fully scaled improvements. Instead, today's models create unfunded mandates: Colleges are required to increase completion rates, but they do not receive essential funding…

Over the past 80 years' university administrators have exhibited flexibility in their responses to evolving government funding patterns. One possible factor in these changes is the consequences of policy decisions at the federal and state government levels that have resulted in institution wide policy decisions in colleges and universities. These…

This article considers the value of honors education beyond its marked contributions to enrollment management goals. Suggesting that quantitative assessments toward understanding the value of honors fail to capture its breadth, interdisciplinary focus, and engagement, authors posit a new way of measuring impacts from "contagion model"…

Recent policy proposals call for significant new investments in early care and education (ECE). These policies are designed to reduce the burden of child care costs, support parental employment, and foster child development by increasing access to high-quality care, especially for children in lower-income families. In this paper, we propose and…

In recent years a number of colleges and universities have explored alternative strategies for developing operating budgets. In part this exploration was driven by the desire for transparency among various constituent groups and the need to tie budgeting to campus strategic planning. With the advent of declining federal and state support, along…

This manuscript proposes a conceptual framework to reconceptualize college access at the state level, while accounting for the heterogeneous impact different forms of financial aid have on access across sectors and levels. The use of this framework may strengthen our understanding of the relationship between aid and access by accounting for more…