When officials at tuition-driven Fisk University raised the veil of secrecy a few years ago surrounding the university's financial condition, the details they laid out were less than encouraging. The Nashville-based university, home of the historic Jubilee Singers, was losing several million dollars a year and had not received any major private…

In resource-constrained environments universities increasingly must interact collaboratively and competitively to ensure financial stability. Such interactions are supported by the actions of senior university managers. This study investigated the extent and purpose of the interconnections between members of two groups of pro-vice chancellors…

In autumn, most colleges' football fields are covered with a thick carpet of grass or artificial turf and are adorned with yard lines. But the football field at Paul Quinn College was carved up by plowing and planting. This past fall, portions of the college's gridiron were covered with sweet potatoes, watermelons, peppers, rosemary, and sugar…

Scarcely a week goes by without a headline about the unsustainability of higher education as we know it, under threat from new models, for-profits, or online education. Most threatened are small liberal arts colleges--with commentators predicting the demise of colleges with fewer than 1,000, or even 1,500 students. Are these trends inevitable, or…

Greensboro College has many of the intimate hallmarks of a small, private, liberal-arts college. Professors give their cellphone numbers to students and routinely provide extra help to those who need it. Classes at the North Carolina institution average 14 people. One of the students featured on the college Web site is a biology major who plays on…

This article reports that the credit crisis tying global financing systems into knots has left hundreds of colleges scrambling for cash to pay their bills and to cover the spiking interest on their debts. While it is still unclear to what extent the federal government's new $700-billion bailout package will help unwind the credit tangle, the…

The Great Books hold a special place in scholarly and academic lore in America. Study of the Great Books and liberal education in general were the foundation of a college education since the colonial times, but yielded to electives and other academic trends during the early portion of the twentieth century. By the 1930s, several men sought to…

This article discusses how colleges and universities are taking drastic measure for difficult times. Hit hard by the global financial crisis, colleges are cutting their budgets in ways that prompt fears about access and retention for minority students. Schools are considering layoffs, unpaid furloughs for faculty and staff, hiring freezes and…

Describes the experience of two small colleges, Chatham and Wesley, that survived the financial distress common to small school today. Discusses their lessons: reinforce strengths, rebuild the strongest financial source, diversify income, manage debt, and run a disciplined budget and financial management system. (EV)

Two reports on institutional fund raising ("The Quest for Major Gifts: A Survey of 68 Institutions," 1983, by Addison L. Winship II, and "Seeking Major Gifts: How 57 Institutions Do It," 1991, by Anne W. Altizer) offer examples of how a healthy college endowment provides stability through difficult economic times. (MSE)

With interest rates low and endowment returns high, many colleges and universities are borrowing more than ever. This increasing reliance on bond issues and deficit spending will work if the economy remains strong. Investors appear to be eager to invest in private institutions. Colleges with more aggressive boards are using debt to reposition…

The author lampoons twenty-first-century academic priorities. Using a fictional campus facing state-mandated budget reductions, the author parodies a system that retains high-salaried administrative and public relations positions, special-interest majors, athletic programs and junior/ad-hoc faculty, while relinquishing admissions staff, library…

For the College of Mt. Saint Joseph (Ohio) to remain financially sound and to inform decisions about resources and academic programs, college leaders needed to understand instructional costs: costs per credit hour; how these vary by department, program; and meaningful ratios of revenues to costs. A system of differential analysis was developed to…

This article proposes a conceptual decision-making framework for college and university offices of institutional research during times when budgetary retrenchment and reallocation of resources is necessary. Key issues the office should consider include understanding the institution's purpose, strategy selection, evaluation activities, student…

A challenge now faced by dental school administrators is to maintain the feasibility of federally funded postdoctoral general dentistry residency programs when institutional, educational, and economic priorities stretch institutional limits. Some existing programs can offer ideas and insights through their diverse and nontraditional funding…