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ERIC Number: ED177984
Record Type: RIE
Publication Date: 1978-Aug-25
Reference Count: 0
Problems and Outlook of Small Private Liberal Arts Colleges. Report to the Congress of the United States by the Comptroller General.
General Accounting Office, Washington, DC.
The problems and outlook of small private liberal arts colleges are examined with regard to: the segment of private higher education that is in financial trouble, with a view as to why; the actions being taken by troubled schools to remedy their problems; and the effect of federal and state programs on the financial status of these institutions. An introduction considers the rationale for the study and details federal support for higher education, classifications of private higher education, and the scope of the study. The dilemma of private education is surveyed, including the declining enrollment growth, the growing tuition gap between public and private sectors, and the growth of the community college system. The financial crisis of the private college is analyzed, focusing on the severity of the problem and reasons for serious financial trouble. Efforts to improve financial conditions are considered, and actions to increase revenue, reduce expenditures, and improve the financial solvency of the schools are discussed. It is concluded that one-fourth to one-third of the private higher education institutions experience financial difficulty, and recommended that Congress should require periodical review by the Secretary of Education to assess the financial condition of the institutions. A glossary, summary of selected federal programs to assist postsecondary education, the survey questionnaire, and tables on the survey are appended. (PHR)
Publication Type: Reports - Research; Numerical/Quantitative Data; Tests/Questionnaires
Education Level: N/A
Authoring Institution: General Accounting Office, Washington, DC.
Identifiers: Financial Indicators