But apparently not enough to think about cutting administrative costs. “Private four-year colleges may be getting real about their institutions’ financial future, to judge by the views of the men and women closest to their balance sheets,” Doug Lederman reports on Inside Higher Ed.com. “Inside Higher Ed’s 2018 Survey of College and University Business Officers finds that just 44 percent of chief financial officers at four-year baccalaureate colleges say they are confident their college will be financially stable over the next 10 years, down from 52 percent a year ago and 54 percent in 2016.”
“That has the chief business officers of those institutions thinking much more seriously than they have in the past about taking drastic measures.” Look for tuition hikes, not spending cuts.
