Denneen, J. & Dretler, T. (2012). The financially sustainable university. Retrieved from: http://www.bain.com/public... - 0 views

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  #1 Emily Boulger on 25 Jan 13

   

  This article written by Denneen and Dretler, compares higher education to other industries in the United States and it is the most effective and consistent. Denneen and Dretler also stated "colleges and universities are the cornerstone of our economic prosperity and the key to realizing the American dream," regardless of the fact that "student loan debt surpassed $1 trillion and is now greater than credit card debt." The article goes on the explain that many leaders working in the field of higher education understand that change and innovation need to happen. Crisis is facing small colleges and universities, and this article show diagrams that depict "financial statements are significantly weaker then they were several years ago," and that "the expense ratio is significantly up." Also endowments have decreased and the current ones are not growing. This article explains how in the past tuition and student cost would make up the difference, but they are no longer able to pay and federal funding isn't available to make up the difference. Overall this article describes the specific financial issues of American institutions and some of the possible solutions for change.

   

  <div class="cArrow"> </div><div class="cContentInner">This article written by Denneen and Dretler, compares higher education to other industries in the United States and it is the most effective and consistent. Denneen and Dretler also stated "colleges and universities are the cornerstone of our economic prosperity and the key to realizing the American dream," regardless of the fact that "student loan debt surpassed $1 trillion and is now greater than credit card debt." The article goes on the explain that many leaders working in the field of higher education understand that change and innovation need to happen. Crisis is facing small colleges and universities, and this article show diagrams that depict "financial statements are significantly weaker then they were several years ago," and that "the expense ratio is significantly up." Also endowments have decreased and the current ones are not growing. This article explains how in the past tuition and student cost would make up the difference, but they are no longer able to pay and federal funding isn't available to make up the difference. Overall this article describes the specific financial issues of American institutions and some of the possible solutions for change.</div>

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