During the summer of 2010, school districts across the country reported almost daily on their plans to lay off staff because of sharp declines in aid. Hundreds of thousands of teachers' jobs were on the line. If these losses materialized, class sizes would skyrocket and educational enrichment activities would be lost. Some districts shortened…

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…

Five years ago, few would have predicted that expenditures for public education would be at the same levels, or perhaps even lower, particularly with growing numbers of "at-risk" students, rising accountability benchmarks, and a nationwide challenge of aging buildings and infrastructure. Yet, in these grim economic times, quality classroom…

The current discourse on community college leadership makes much ado about the "new normal," or the collective influence of the social, economic, and political conditions under which people advance their organizations. To succeed in a changed environment, community colleges--many confronted with drastic budget cuts--must find ways to raise money…

Cuts in state funding for elementary and secondary education in recent years have taken a toll in many vital areas, including teaching jobs and student services. State budget cuts have also affected a less visible target--state education agencies (SEAs), which are responsible for supervising elementary and secondary education in each state and…

For the past two years, superintendents and school boards have directed school budget managers to "contain costs" wherever possible, to remove the wants and needs from their budget requests, and to focus on the essentials. Given the condition of the federal and state economies, this request is understandable. In Missouri, legislators…

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…

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…

A newly compiled analysis by the U.S. Department of Education and obtained by "The Chronicle" shows that 114 private nonprofit degree-granting colleges were in such fragile financial condition at the end of their last fiscal year that they failed the department's financial-responsibility test. Colleges that fail the test are subject to extra…

The economy's collapse has caught up with the billion-dollar campaign. In the past 12 months, the amount of money raised by a dozen of the colleges engaged in higher education's biggest fund-raising campaigns fell 32 percent from the year before. The decline, which started before the worst of the recession, has forced colleges to postpone…

Between 1970 and 1990 enrolment in Newfoundland and Labrador schools dropped by 22 percent. The first wave of major educational reform (1990 to 2000) saw massive reductions in public school expenditures and the reduction of more than 1650 teachers. Facing continued enrolment loss and a large current account deficit, in 2004, government again…

The Thomas B. Fordham Foundation's long and deep immersion in Ohio education policy, particularly in the charter-school realm, includes a half decade of direct experience as "authorizer" of several charters. Initially, the Ohio Department of Education (ODE) was chief authorizer of charter schools in the Buckeye State. After the state…

Florida has been one of the states hit hardest by the recent financial crisis. Since 2007, Florida State University (FSU) administration says, the university's budget has been cut by over $38 million. The state budget approved by the legislature on May 8, 2009, requires FSU to make another cut of more than $43 million from the institution's…

To be at the University of Arizona these days is, in some ways, to be under siege. The flagship university in one of the nation's fastest-growing states may have to eliminate some 600 jobs and merge dozens of programs to deal with two rounds of budget cuts imposed since June. Now the governor is telling the university and other state agencies to…

The end of the fiscal year usually isn't a momentous occasion for colleges. But this June 30 could be a day of reckoning many never expected. Colleges borrowed billions of dollars over the past decade to improve facilities and fulfill their ambitions. Now the consequences may be about to blow up in their finances. The author reports on how…