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Financial Crisis Management in Higher Education: Responses by 20 Private Colleges and Universities to the 2007-2009 Financial Crisis
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Dorantes, Andrew R.; Low, Justin R. – Journal of Education Finance, 2016
As a result of the Great Recession, higher education in the United States suffered from the most significant financial crisis since the Great Depression (Breneman 2008; Zumeta 2010). This crisis affected all institutions of higher education since it challenged three major revenue sources: net tuition income, endowment income, and gift income…
Descriptors: Financial Exigency, Crisis Management, Private Colleges, Economic Climate
Which Districts Get into Financial Trouble and Why: Michigan's Story
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Arsen, David; DeLuca, Thomas; Ni, Yongmei; Bates, Michael – Journal of Education Finance, 2016
Like other states, Michigan has implemented a number of policies to change governance and administrative arrangements in local school districts deemed to be in financial emergency. This paper examines two questions: (1) Which districts get into financial trouble and why? and (2) Among fiscally distressed districts, are there significant…
Descriptors: Educational Finance, School Districts, Financial Exigency, Institutional Characteristics