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…

This book analyzes the latest data and economic models to explore whether an unpredictable economy, changes in student preference, tuition that outpaced inflation, and new forms of competition will plunge small colleges into chronic financial distress. It then suggests ways small colleges can position themselves to avoid economic disaster by…

Describes the experience of two small colleges, Chatham and Wesley, that survived the financial distress common to small school today. Discusses their lessons: reinforce strengths, rebuild the strongest financial source, diversify income, manage debt, and run a disciplined budget and financial management system. (EV)