Read Survey Report. By Joseph E. Aoun. December 15, 2010 E-mail this article. Higher Ed, Lower Spending. The price of college is a cost that's supposed to be an investment. KCTCS to host higher ed leaders for cost-cutting summit. American higher education is also grotesquely top-heavy. Here are seven key questions designed to help any parent or student sort out the competing interests that currently drive technology into our schools—or keep technology out of some other schools. Spread the loveThe rising cost of college tuition has become a highly controversial topic, even arousing the attention of politicians who debate the best ways of making higher education more affordable for all students. Future of higher ed: Cutting costs alone isn’t the answer for sustainability. By. As the cascading effects of the global economic crisis continue to ripple through the world of higher education, college and universities across the nation are : Related . and higher education’s cost increases. Overall state funding for public two- and four-year colleges in the 2017 school year (that is, the school year ending in 2017) was nearly $9 billion below its 2008 cost-cutting in higher ed In the Washington Post earlier this week, Steve Pearlstein published a piece promoting four things universities should do to cut costs: Cap administrative costs Operate year round, five days a week More teaching, less (mediocre) research Cheaper, better general education The next day, Daniel Drezner responded with four things columnists should do before writing about Higher-ed cost-cutting measures cutting ever deeper. A decade since the Great Recession hit, state spending on public colleges and universities remains well below historic levels, despite recent increases. April 23, 2012. Given this situation, it’s inevitable that institutions are scrambling to find ways to lower their costs. Major Cost-Cutting Begins in Response to Covid-19, With Faculty and Staff Furloughs and Pay Cuts The long-term economic impact of the pandemic is uncertain. Holyoke Community College. Leaders should be considering partnerships and collaboration . In the past forty years, the growth rate in the number of administrative staff has been five times that of professors. Preparing for Campus Readiness While Cutting Costs. Michael Durand . Higher ed institutions can generate alternative revenue sources by expanding research initiatives, employer partnerships, fundraising, continuing and professional education and degree pathways designed for non-traditional students. Diverse: Issues in Higher Education, v26 n6 p9-10 Apr 2009. Cancel Unsubscribe. What revenue and cost-cutting strategies will be implemented? “Greene,” NYU’s New High-Performance Computing Cluster, is the most powerful supercomputer in the New York metropolitan area, one of the top 10 Most Powerful Supercomputers in Higher Education, and one of the Top 100 Greenest Supercomputers in the world Estimated Read Time: 4 minutes. Lawmakers Hear From Students, College Officials on Cutting Higher Ed Costs. 13 Views. A newer, updated version of this report is available here. Programs like Medicaid receive matching funds from the federal government, so cutting there would mean losing federal dollars. To: Invalid E-mail address . Economic News home; responding with increasingly aggressive cost-cutting measures. M.J. Tidwell Boston University Statehouse Program. by . October 4, 2017. For a generation and more, American higher education has been sinking slowly beneath the burden of administrative costs. The costs of cutting higher ed. nprillinois.org | 5h. By 2020, an estimated 65% of jobs are expected to require at least some college training. 2007. But critics are missing the real arms race in higher education: a new student-recruitment spending war that is orders of magnitude more expensive and ends in only higher tuition rates for … He founded the Online Consortium of Independent Colleges and Universities. This would increase class sizes. In the last two Meetup blog posts, … Sears reported first-quarter net income of $244 million, its first quarterly profit in almost two years, as a result of store closings, staff reductions and other cost-cutting measures. And in the Northeast, Harvard University reported a $10 million deficit. Cutting Education Costs, Not Education A few promising approaches to finding cost savings without cutting student services. As high-school students plan for graduation and beyond, many families are counting on their local college or university as an affordable next step. (A Chronicle of Higher Education database has documented more than 100 such suspended graduate programs.) … Few colleges and universities have begun to fully realize the promise of technology to improve the quality of student learning, increase retention and reduce the costs of instruction. Michael Durand is the director of higher education sales at CDW•G. … While each school has different needs and priorities, let’s take a look at how higher education can maximize efficiencies for the fall semester. Higher Ed Business Officers: Survey Report. Cutting higher ed costs for Chicago’s disadvantaged students PBS NewsHour. Roach, Ronald . With higher education costs in mind, institutions can do a better job at helping students and families make good financial decisions when enrolling in programs. many colleges and universities open to a variety of cost-cutting measures that otherwise might have been employed.4 Writing recently in Higher Ed Impact, Dickeson noted that “the economic crisis has opened a window of opportunity for institutional leaders. The cost of higher education has surged more than 538% since 1985. Deans and Provosts have multiplied like rabbits. This desire for lower costs can be seen in Florida, where the governor issued a challenge, and 23 state colleges agreed to offer the option of a $10,000 bachelor’s degree. K-12 funding in many states is protected by state constitutions. Posted on September 10, 2019 Written by Elmore Alexander and Nuno Couto Leave a Comment Listen to this. What is the financial landscape in Higher Ed? Loading... Unsubscribe from PBS NewsHour? Meetup Group: Higher Ed IT Professionals; LinkedIn Group: Higher Ed IT Professionals; 12 Innovative Cost-Cutting & Revenue Enhancing Strategies for Colleges & Universities. By: Tom Kennedy | May 27, 2020 (Photograph by Charles Deluvio on Unsplash) Tom Kennedy is a consultant with Hyatt-Fennell Executive Search. Meaning higher education is almost 4.5 times as expensive as it was 30 years ago. A new report reflects on the long-term cost of cutting education funding during past recessions and how Illinois can learn from those mistakes during the COVID recession. In Chicago, two initiatives were launched to improve access to higher education for lower-income students. The best data on college costs comes from the Delta Cost Project, a nonprofit that analyzes data reported to the government. In a letter to Congress last week, the American Council on Education and other higher education organizations estimated that the virus would cost … As a newcomer to the Department of Natural Sciences at University of Maryland-Eastern Shore (UMES) in fall 2007, assistant biochemistry professor Jennifer L. Hearne concluded from teaching "Principles of Chemistry I" that the introductory general education course needed a makeover. What is the appropriate level of debt to carry? Douglas Webber. The rising costs and debt loads associated with four-year institutions have subsequently decreased the opportunity cost of attending community college. Listen Pause . Our colleges and universities, weighed … The coronavirus aggravated the system's financial challenges, and in April, Chancellor Dan Greenstein accelerated its cost-cutting plans, which mean to save $250 million across its 14 campuses within two years. Add Comment. There’s been a great deal of recent press and politics around the climbing walls, lazy rivers and other seemingly lavish campus amenities that have become commonplace at colleges and universities. A version of this article was published in the Daily Hampshire Gazette. Higher Ed IT News; Higher Ed IT Blogs; Network. In comparison, medical costs have jumped more than 286% while the consumer price index has jumped 121%. “The next biggest pot is higher education funding, and that’s the place states tend to go,” Chapman said. by MJ Tidwell. The Partnership for College Completion argues that recessions are a rare opportunity to make college access and cost more … Photo courtesy of Wikimedia Commons. Douglas Webber . While this is alarming in terms of burgeoning student debt rates, we’ll explore how it’s not so bad later on in the piece. Those include returning faculty-student ratios to their 2010-11 levels, which was when enrollment peaked. 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