In recent decades, education leaders and researchers have increasingly sought to disaggregate key higher education outcome data--graduation rates, attainment, employment, and income--by race and ethnicity in order to uncover and narrow equity gaps. The same is true, recently, for affordability, especially as it relates to the differential impact…

Understanding the funding requirements of public institutions starts with recognizing them as state assets with capacity to meet state needs, especially those that disproportionately serve underrepresented, low-income, or rural student populations and adult learners. As policy makers wrestle with resource allocation decisions under unfavorable…

An Income-Share Agreement (ISA) is an education financing tool through which a student promises a certain percentage of future income (the "income share") for upfront funding for education. Recently, ISAs have been subject to significant national attention and scrutiny from policymakers, investors, consumer advocates, and postsecondary…

There is a gap in understanding between legislators, governors, and other leaders and those who actually manage the distance learning operations on the nation's campuses. Western Interstate Commission for Higher Education's (WICHE) Cooperative Study of Educational Technologies (WCET) took a systematic approach to gauging the opinions of distance…

With very few exceptions colleges and universities of all types--2-year and 4-year, public and private-- are feeling the fiscal pinch. They are caught in the vise of rising expectations and constrained revenues. Public institutions are operating in an environment in which state-level policy-makers press for increasing numbers of graduates,…

The circulation of head football coaches is a well-established practice, and with it, salary costs are significantly outpacing other spending as institutions compete in the pursuit of prestige. This movement of college football coaches is known in the popular press as the "coaching carousel." The carousel is a fitting metaphor for a…

When trustees, presidents, and senior college administrators meet, one topic dominates the conversation: how to keep education quality high and costs down. To keep quality high, college leaders need to have strong faculties and state-of-the-art facilities for teaching and research. Quality counts but it also costs, and that is where the pressures…

For many years, higher education institutions have been harvesting the low-hanging fruit when it comes to budget reductions and adjustments. Easier changes have often been made--such as cutting administration, using more adjunct faculty, contracting out inefficient or non effective auxiliary operations and so forth. Until recently such strategies,…

The authors of this article describe the effect that cost-cutting policies have had on community college student outcomes and how this has weakened the capacity of those colleges to produce returns to students and taxpayers. Many colleges are instituting reforms to help more students graduate with useful credentials. While these lower the cost per…

After receiving his PhD in 1970, the author has spent almost 30 years conducting research on the economics of higher education, chairing faculty budget committees at Cornell, serving as a Cornell vice president and then as a trustee of both Cornell and SUNY, and being associated with innumerable national commissions and higher education…

Offering some relief from a raft of reports about declining education attainment and increasing college costs, Anya Kamenetz celebrates Prior Learning Assessment (PLA) for boosting higher education productivity, access, and affordability ("Change," September/October 2011). According to Kamenetz, PLA is transforming higher education by leveraging…

Although virtually all universities have accounting systems that track every dollar in accordance with the accounting rules required by auditors, these systems are not adequate to inform their leaders or the public about the profit and loss, productivity, or efficiency of their activities. Instead, they obscure the different revenue sources on…