The recession-proof college : how to weather the coming economic storm / Alexander C. Kafka

Format:

Book

Author/Creator:

Kafka, Alexander C., author.

Contributor:

James Hosmer Penniman Book Fund.

Language:

English

Subjects (All):

Universities and colleges--United States--Finance.

Universities and colleges.

Universities and colleges--United States--Planning.

Education, Higher--Economic aspects--United States.

Education, Higher.

Recessions--United States.

Recessions.

Education, Higher--Economic aspects.

Universities and colleges--Finance.

Universities and colleges--Planning.

United States.

Physical Description:

35 pages : color illustrations ; 28 cm

Place of Publication:

Washington, D.C. : The Chronicle of Higher Education, [2020]

Summary:

"Colleges have reaped the benefits of a bull market for almost 11 years, the longest in American history. But all bull markets eventually end, whether that takes the form of a slowdown, a brief downturn, or a full recession. Many economists predict a downturn by mid-2021 - just before enrollment numbers are expected to decline due to population shifts. Rather than shift into short-term crisis mode, institutions must evaluate their mission, establish financial priorities, and intensify their efforts to retain and graduate students. This issue brief explores how institutions can create financial stability, adapt to an ever-evolving market, and emerge from an economic downturn stronger and savvier. At a time when increasing tuition is rarely an option, it is essential that colleges and universities take advantage of niche opportunities, develop austerity plans, and increase reserves. Some institutions never fully recovered from the last recession, but with strong leadership, strategic mission-driven planning, and a continued emphasis on student success, they can be better equipped to mitigate the impact of the next economic downturn."--Provided by publisher

Contents:

Introduction

The great recession and its impact

Stress-testing and right-sizing

How 3 colleges are preparing for a downturn

How to survive an economic downturn

A final word

Further reading

Notes:

Title from cover

A special issue of The Chronicle of Higher Education

Includes bibliographical references (page 35)

Local Notes:

Acquired for the Penn Libraries with assistance from the James Hosmer Penniman Book Fund.

OCLC:

1143390272