Financial strategies for a crisis and beyond / Lee Gardner, Alexander C. Kafka, Scott Carlson.

Format:

Book

Author/Creator:

Gardner, Lee, author.

Kafka, Alexander C., author.

Carlson, Scott, author.

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.

Education, Higher--Economic aspects.

Universities and colleges--Finance.

Universities and colleges--Planning.

United States.

Physical Description:

63 pages : color illustrations ; 28 cm

Place of Publication:

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

Summary:

Colleges are facing their most significant fiscal crisis in recent memory due to Covid-19. Between lingering impacts to budgets, imminent nose dives in state support due to state tax losses, and the long-term effects of the pandemic on the economy overall, many colleges could suffer fiscally for years to come. The tumult and uncertainty of the pandemic-- and, perhaps, of 2020 in general -- has made it harder for college leaders to think strategically as they make critical decisions.

This Chronicle report offers advice on how to prepare for the conversations and decisions to come. It examines how colleges can reduce their expenses, and how they must also reinvest in order to thrive on the other side of the pandemic. It discusses opportunities for strategic partnerships that can make a critical difference for institutions. And it explores how colleges facing an unsustainable future can perpetuate their missions through mergers, sales, and even closures. -- Provided by publisher

Contents:

Introduction

Strategic cuts and reinvestments

Partnerships and collaborations

Merging institutions and closing colleges.

Notes:

Title from cover

A special issue of The Chronicle of Higher Education

OCLC:

1239327089