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…

When former U.S. congressman and Obama administration chief of staff Rahm Emanuel marched triumphantly into the Chicago mayor's office in 2011, he promised to revamp Chicago Public Schools (CPS) in ways that had barely been contemplated in 16 years of mayoral control over the city's sprawling public-school system. This article discusses and…

Examines the politics of school budgeting. School managers operate with primitive accounting systems that can mask financial problems for years and are trapped by state, federal, and union mandates. Reforms include allowing districts flexibility to reallocate money; demanding both instructional leadership and financial expertise from…