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ERIC Number: ED505825
Record Type: Non-Journal
Publication Date: 2006
Pages: 16
Abstractor: ERIC
Reference Count: 0
Engaging the Board in Conversations about College Costs
Lapovsky, Lucie
Association of Governing Boards of Universities and Colleges
One of the most pressing questions in American higher education today is how to make high-quality education available to all who seek it. At the heart of discussions of access and quality are matters of cost and price. How much will it cost an institution to make high-quality education available, and what will be the price for those who want that education? Most colleges and universities today deal with such challenges as growing numbers of students with increased demands for services, spikes in the costs of energy and health care, declining financial support from their state, variable returns from their endowment, and internal pressures to do more, better, and faster. These forces exacerbate the financial tensions in providing high-quality education and make it incumbent on boards: (1) to be aware of the factors that contribute to their institution's costs; and (2) to engage in the strategic decision making that affects these costs. Acknowledging the challenges colleges and universities face concerning costs, price, and access, and appreciating the potentially powerful role of boards in addressing these matters, AGB has begun a multiyear project that aims to help trustees and administrators. The first part of the project was a survey of AGB members that sought accounts of successful cost-containment strategies at member institutions. This document presents the results of that survey and provides an introduction to the issue of institutional costs. It also is one of a series of publications that will help board members, administrators, faculty, and policymakers creatively and boldly confront the challenges of managing institutional costs.
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:
Publication Type: Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: Robert W. Woodruff Foundation
Authoring Institution: Association of Governing Boards of Universities and Colleges