ERIC Number: ED412858
Record Type: Non-Journal
Publication Date: 1997
Reference Count: N/A
Five Strategic Responses to the Financial Challenges Facing Colleges and Universities. AGB Occasional Paper No. 33.
Hauptman, Arthur M.
Association of Governing Boards of Universities and Colleges
College and university trustees and administrators are employing various strategies to deal with financial challenges. These fall generally into five categories: (1) attracting additional revenues to help close the gap between resources and expenses; (2) reassessing tuition and financial aid policies to alter the size or mix of the student body; (3) cutting costs, improving quality, and restructuring how the institution educates students and administers programs; (4) introducing or expanding the use of technology to educate students and improve administrative functions; and (5) optimizing resource sharing by forming alliances and cooperating with other institutions. Governing board members can ask institution-specific questions concerning: whether the size of the institution should remain the same or change; whether revenue-raising activities are consistent with the institution's mission and values; degree to which the institution is dependent on student charges as a revenue source; the possibility of improving administrative and academic productivity without sacrificing quality; the knowledge base concerning technology and learning and associated costs; and the possibility of there collaborative efforts that can enhance the institution's competitive ability and position. Two issues are paramount: first, the current balance of power among trustees, faculty, and administrators; and second, especially for public institutions, the degree to which the institution has sufficient authority to establish campus priorities and funding patterns. (Contains 12 references.) (JLS)
Descriptors: Administrative Policy, Budgeting, College Administration, Educational Finance, Educational History, Financial Problems, Financial Support, Governance, Governing Boards, Higher Education, Resource Allocation, School Policy, Student Costs, Technology, Trustees, Tuition
Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Opinion Papers
Education Level: N/A
Sponsor: Christian A. Johnson Endeavor Foundation, New York, NY.
Authoring Institution: Association of Governing Boards of Universities and Colleges, Washington, DC.