To Change the Financial Model, Look to Academics
“The current financial model for higher ed doesn’t work,” says … everyone. This has been a recurring theme in the higher education media for more than a decade: numerous headlines have underscored the necessity of finding a new financial strategy that goes beyond the simplistic, time-honored model of revenue in, expenses out.
Higher education institutions have already gone through the phase of revenue diversification, e.g., supplementing undergraduate tuition with revenue from adult education, continuing education and graduate programs, as well as from summer camps and online offerings. Meanwhile, the pressure on chief financial officers has built.
Originally published: November 10, 2023
Author: Carol A. Moore
Position: President Emerita
Institution: Lyndon State College
Published by: Inside Higher Ed