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Cost containment strategies

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6 Ways to Use Labor Cost Benchmarking to Support Financial Decision-Making

Understanding your labor spend is critical to financial decision-making. Oftentimes, departmental budgeting approaches limit visibility into true labor spending patterns,...

How to Survive the Enrollment Cliff in Higher Education

If you are a part of higher education, or have even been attuned to news of the industry over the past decade, you’ve undoubtedly heard calls of enrollment decline. While...

What Are the Different Budget Models in Higher Education?

Budget models in higher education are the structured methods institutions use to fund their strategic initiatives, as well as the prioritization of how those funds are...

4 Steps for Financial Viability When HEERF Grants Deplete

The current sustainability of higher education has been an uneasy topic for many in the industry over the past three years. With the unforeseeable challenges created by the...

Financial Winter is Coming for Higher Ed, Despite Stimulus

The next few years will come straight out of “Game of Thrones” for universities. Many leaders project optimism and conduct business per usual while a select few recognize an...

How Strong Is the Relationship Between Your CFO and Provost?

In November, University of California, Riverside announced its hire of Elizabeth Watkins as its new provost and executive vice chancellor.

How Much Has COVID Cost Colleges? $183 Billion

What a year. Higher ed came into 2020 facing its share of financial challenges: a negative outlook for the entire sector, widespread operating deficits, stark enrollment ...

Here’s the truth about the campus budget crisis

With the fall semester behind us, recently released data is beginning to bring greater definition to the impact of the pandemic on colleges and universities and what...

Financial Sustainability in Higher Education: Challenges and Solutions

The higher-ed industry was experiencing an era of uncertainty and change, even before the onset of the COVID-19 pandemic. Background complexities of a changing educational...

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