Restructuring a university : how one institution is staying viable.

Format:

Book

Author/Creator:

Carlson, Scott, 1983-

Contributor:

Chronicle of Higher Education, Inc., publisher.

Frances Baylinson Rosenbluth Fund.

Language:

English

Subjects (All):

Henderson State University--Finance.

Henderson State University.

Education, Higher--United States--Case studies.

Education, Higher.

Universities and colleges--Arkansas.

Universities and colleges.

Universities and colleges--Administration.

Universities and colleges--Finance.

Genre:

Case studies.

Physical Description:

48 pages : illustrations (some color) ; 28 cm

Place of Publication:

[Washington, D.C.] : Chronicle of Higher Education, [2023]

Summary:

"The following challenges may sound familiar: financial obligations and liabilities begin to outgrow revenue from students -- who are increasingly difficult to attract and keep. But cutting staff, canceling renovations and maintenance projects, delaying payments to vendors, and laying off adjunct faculty don't turn things around. Then things get even worse.This is an in-depth case study of an institution, Henderson State University, that faced such a predicament and realized it could no longer avoid difficult decisions. It outlines the missteps made and warnings ignored. And it's a detailed account of how, in 2022, the institution declared financial exigency, a mechanism colleges can use to engage in a transparent and orderly process to restructure. While this case study focuses on one institution's experience, it offers insight into the factors and tradeoffs that any leader contemplating a large-scale restructuring should anticipate.This report is based on interviews with state officials, university leaders, and faculty members, along with extensive documents that shed light on years of poor decision making. It also includes perspectives from more than two dozen experts in college finance, faculty affairs, legal issues, accreditation, and other relevant areas.."-- Description from website.

Notes:

Cover title.

Local Notes:

Acquired for the Penn Libraries with assistance from the Frances Baylinson Rosenbluth Fund.

OCLC:

1377995984