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ERIC Number: EJ837994
Record Type: Journal
Publication Date: 2009-Mar-13
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISSN: ISSN-0009-5982
13 Reasons Colleges Are in This Mess
Chronicle of Higher Education, v55 n27 pA1 Mar 2009
In some ways, higher education has been a victim of the recession--but not a defenseless victim. Smart moves clearly helped some colleges and universities avoid the worst of the downturn. Mistakes have left many others in the lurch. The downward spiral has brought layoffs, budget cuts, and anxiety to many campuses. With the cuts have come protests and recriminations. Scores of college presidents have written open letters that describe dire finances and make the case for an era of belt-tightening. But missing in many of those messages are explanations of how colleges landed in their predicaments, and who is to blame. This article discusses 13 common mistakes that have put many colleges in the fix they're in. These are: (1) took on risky investments; (2) sloughed off as trustees; (3) relied on cheap credit; (4) failed to play well with others; (5) overbuilt; (6) bowed to boosters; (7) stumbled at the statehouse; (8) led with unchecked ambition; (9) failed to find a niche; (10) ignored customers' needs; (11) built duplicative centers; (12) overcommitted their budgets; and (13) stymied accountability efforts. These 13 reasons, which are characterized by greed, incompetence, and neglect, explain how colleges helped cook up the financial trouble in which many find themselves.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A