article thumbnail

A small college needs $2.6M to survive. It's raised $178K

Confessions of a Community College Dean

The deadline to raise the $2.6 So far, the college has raised $178,000, according to an email sent to supporters earlier this week. 3, Interim President Stockwell Day—a former Canadian minister of finance—noted that the college wasn’t close to hitting the $2.6 million was Feb. 14 email update to constituents.

article thumbnail

The Student Loan Mess: Next Chapters?

Higher Education Inquirer

Overall, "The Student Loan Mess" provided a critical historical analysis of the factors contributing to the crisis and suggested pathways towards a more sustainable system of higher education financing. This led to rising tuition costs as universities saw guaranteed funding, with less pressure to remain affordable. Next Chapters?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Elite private colleges may be the only financially healthy segment 3 years from now

University Business

Higher education gained an unlikely asset during the pandemic, and it came in the shape of billions of federal emergency funding. While CARES Act funding largely kept schools afloat and even jumpstarted a renaissance at HBCUs, one global management consulting firm believes most higher ed is unprepared to deal with a post-pandemic landscape.

article thumbnail

College endowments dropped in fiscal year 2022

Confessions of a Community College Dean

NACUBO also found that colleges increased their endowment spending, with dollars increasingly flowing toward institutional operating budgets, largely focused on student financial aid. Even as endowment returns dipped, colleges tapped those assets to fund their needs. The median percentage of budgets funded by endowments was 5.3

article thumbnail

Tennessee State cites past underfunding as cause of problems

Confessions of a Community College Dean

At stake is local control of an institution in a state that has admitted to years of inequitable funding for its only public historically Black college. Mumpower told lawmakers that university leaders should have foreseen a housing crisis, given that it more than quadrupled its 2022–23 scholarship budget to $28.3

article thumbnail

2023 Higher Education Year in Review and 2024 Predictions: Changing Higher Ed Podcast 187 with Host Deborah Maue and Guest Dr. Drumm McNaughton

The Change Leader, Inc.

The duo share their insights on 2023, discuss the unexpected developments, and what to prepare for with the higher education predictions for 2024. million in the first round of COVID relief funds, underscoring the significant impact of these aids. McNaughton cited an example of an institution that received $3.5

article thumbnail

The State of EdTech: OPMs, Risk Planning, and Generative AI: Changing Higher Ed Podcast 189 with host Dr. Drumm McNaughton and guest Phill Hill

The Change Leader, Inc.

This success story underscores the crucial role of technology in not only supporting administrative functions but also in driving institutional growth. For example, an institution known for forensic science might develop an online MBA program with a specialization in that area, leveraging its unique history and specialization.