ERIC Number: ED042417
Record Type: RIE
Publication Date: 1970-Jan
Reference Count: 0
Financial Problems of Massachusetts Private Higher Education. Report of the Select Committee for the Study of Financial Problems of Private Institutions of Higher Education in the Commonwealth of Massachusetts.
Massachusetts Select Committee for the Study of Financial Problems of Private Institutions of Higher Education, Boston.
The purposes of this study were to: (1) examine the present financial status and problems facing private institutions of higher education in Massachusetts; (2) make projections of expected income and expenditures over the next 12 years, including the relation of these expenditures to program development; and (3) recommend ways of meeting the needs identified in the study. Chapter I summarizes the contribution of private institutions, and describes their current financial position and problems. Chapter 2 makes projections of probable trends in institutional revenues and expenditures and concludes that possible deficits for private institutions could reach $140 million by 1980-81. Chapter 3 explains why existing external sources of revenue will not be able to satisfy future financial demands and describes what steps the institutions might be forced to take and how these steps could weaken higher education in the state. The study recommends that the state provide direct financial support to its private institutions in the form of grants based on the number of degress awarded to Massachusetts residents; and increase the funding of the General Scholarship Program well above the level now planned. The study methodology and a breakdown of projection results are included in the appendix. (AF)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Massachusetts Select Committee for the Study of Financial Problems of Private Institutions of Higher Education, Boston.