Small mid-tier private schools tend to have modest endowments, and after decades of tuition hikes comparable to those of their elite peers, they are now at high risk of pricing themselves out of the market. The fiscal crisis of small private colleges will play out differently across the nation. States vary in their demographic projections and the…

University presses are more likely to give voice to stories that might not otherwise be told, such as those involving minority perspectives. But opportunities are shrinking. As extensions of their parent schools, academic presses rarely reap profits, experts say. Many rely on school subsidies to survive. Factor in substantial budget cuts to…

On February 17, 2009, President Barack Obama signed the American Recovery and Reinvestment Act, better known as the economic stimulus plan. Congress and the Obama Administration acted in the wake of an economic crisis spurred by a deepening recession. Among its aims in passing the ARRA, Congress moved to help states and local jurisdictions reduce…

In this timely book, financial consultant and experienced college administrator Mike Townsley examines the financial and strategic resources that private colleges and universities must have in place to withstand the storm. Small college presidents, CFOs, planners, chief academic officers, and board members all have a hand on the tiller and will…

The Los Angeles Unified School District stands to receive an estimated $566 million in extra Title I and special education money--plus an undetermined amount of state stabilization money--from the federal stimulus package. This article reports that officials in hard-hit states like California are breathing a little easier now that they can use…

As Congress began debate last week over the size and scope of more than $120 billion in proposed emergency education aid, state leaders were anxiously awaiting the details so they could make specific plans to spend the economic-stimulus money. Governors, state legislators, and state schools chiefs have yet to learn what rules Congress will attach…

This paper, one in a series about the priorities of the professoriate, discusses issues of financial exigency and how they have an impact upon decisions regarding layoffs of tenured college faculty. The intent of the discussion is to encourage higher education institutions to clearly define the operational guidelines used when layoffs of tenured…

This report addresses the issue of maintaining adequate controls within a streamlined or restructured financial affairs environment at an institution of higher education. It presents a new paradigm for control structures designed to more effectively meet administrators' needs--both in terms of cost and risk management. The first section: (1)…

This paper describes Illinois' program for warning school districts of impending financial troubles and the reactions of superintendents to the state's "early warning" program. In February 192, the State of Illinois issued a list of 111 school districts, out of a total of 946 districts, that were on the Financial Watch list. Of…

This report reviews economic factors affecting the universities of Ontario, Canada. In 34 tables and 25 figures it provides comparative data with other Canadian and American institutions over the past 15 years. An executive summary reveals that operating grants from the Ontario government have been declining, and that many universities have been…

This report documents the impact upon Ontario (Canada) universities of a continuous decline in university funding over the past two decades, coupled with major cutbacks in the past year, that have reduced provincial government grants, partially deregulated university tuition fees, and reorganized student aid initiatives. In text and 23 figures the…