This case study is designed for graduate students interested in higher education finances. It presents the challenges that higher education is facing regarding financial exigency elements that have led to responses with a primary focus on mergers. This financial exigency process has also caused increased legal considerations in higher education…

The accelerated pace of change in the global economy and capital markets along with the complexity of transactions and financial reporting that involve applying fair value measurements (FVM) is a major third-party user concern. The 2008 financial crisis highlighted risks that investors are exposed to when making FVM-related capital allocations.…

The volatile economic environment in Zimbabwe, which is characterised by persistent hyperinflation has exposed the education access inequalities in Zimbabwe's public Higher Education Institutions (HEIs). The persisting harsh economic conditions in Zimbabwe have further worsened the decline in higher education funding in addition to the budgetary…

In this paper, we draw on previous conceptual work and theories pertaining to historical waves of reform, in order to reflect upon and locate the recent and current changes in the UK Higher Education (HE) landscape. Moreover, we consider the potentially catastrophic outcomes and consequences facing some HE institutions, and the sector as a whole,…

Background/Context: During downturns in state higher education support, state student aid becomes especially important for affordability because colleges react by increasing tuition, and other aid sources may not fully respond. From a policy perspective, states might be expected to protect aid support in response to fiscal stringency, yet this key…

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…

Observers have expressed concern about growing inequality in resources across universities. But are universities really becoming more unequal? We argue that the typical approach of examining endowment growth alone is not sensible. In line with the literature on household inequality, we focus instead on a comprehensive income measure. We find that…

This research aims to identify the effects of the economic crisis on higher education (HE) dropout rates at Lisbon School of Economics and Management (ISEG)--Universidade de Lisboa, after having controlled for individual characteristics, family background, High School and HE trajectories. Our main hypothesis is that the economic crisis induces…

No one policy exists as a nexus between K-12 public education and post-secondary education in the United States. Three critical factors suggest that many colleges will be financially insolvent after 2020. The first is declining K-12 birthrates, which are enrollment feeders of post-secondary colleges or universities. As a result of the declining…

Although the cradle of university education is traced to Africa, modern university education in Africa emanated from European systems which set the tone for their replication on the continent through colonialism. For ideological and other reasons, African universities were subjected to significant violations of their institutional autonomy after…

This article discusses the provision of education in Zimbabwe between 2000 and 2008 which occurred in the midst of a crisis. It is based on the case study of Harare and data collected from primary and secondary sources. It argues that the government's capacity to ensure the provision of education was crippled by the economic meltdown generated by…

Since the mid-1990s, the pressure of globalization and the pressing demands of a knowledge economy led to a series of educational reforms. The focus of these was the promotion of quality education and massification of higher education. After the Asian financial crisis in 1997, the governments in different parts of Asia have implemented…

The accountants Grant Thornton (GT) do a welcome and nice piece of pro bono work by analysing the annual accounts of the UK's 160 (sic) HEIs and compiling a report on "The Financial Health of the Higher Education Sector"--this year entitled "The calm before the storm"! GT duly note that, if the US Department of Education's…

The economic growth of a nation depends greatly on the improvement in education. Human development to a great extent depends on the improvement in Education. Among various levels of education, higher education has a pervasive and influential impact on development. Higher education empowers the individual with necessary skills and competence for…

The 2008 global financial crisis cast a long shadow over Ireland's higher education and research system. The IMF said Ireland experienced an "unprecedented economic correction", while Ireland's National Economic and Social Development Office said Ireland was beset by five different crises: a banking crisis, a fiscal crisis, an economic…