ERIC Number: ED435345
Record Type: RIE
Publication Date: 1999
Higher Education Trends (1997-1999): Finance. ERIC-HE Trends.
Kezar, Adrianna J.
The literature on financial issues in higher education is limited. Six major themes in the literature in l996 include the reduced federal role and increased state role in funding; managing costs, including deferred maintenance and capital spending in times of shrinking resources; concern about rising tuition and its impact on access; concern about changes in funding, e.g. business/private sources and the reduction in state funding and the resulting impact on institutional mission; the management of endowments; and international comparisons of institutions of higher learning. The literature reflects the shift from federal to state responsibility for allocating educational resources, as well as the shift from funding formulas to accountability and productivity. A number of articles from the public and business sectors call for reducing costs and controlling expenses, but there is virtually no literature from the higher education sector on this issue. A major study on trends in higher education finance presents data from an ongoing study of tuition discounting at 270 independent colleges and universities. Other studies review mission versus sponsor issues, management of endowments, and how higher education is financed internationally. Issues not addressed in the literature include the increasing importance of fund-raising as state funding shrinks; strategic planning in a time of shrinking resources; debt financing; and creative budget strategies. (Contains 25 references.) (JM)
Descriptors: Educational Finance, Endowment Funds, Financial Support, Higher Education, Literature Reviews, Money Management, Private Financial Support, School Business Relationship, State Federal Aid, Tuition
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Publication Type: Information Analyses; ERIC Publications
Education Level: N/A
Sponsor: Office of Educational Research and Improvement (ED), Washington, DC.
Authoring Institution: George Washington Univ., Washington, DC. Graduate School of Education and Human Development.; ERIC Clearinghouse on Higher Education, Washington, DC.