Perspectives

With most private colleges facing unprecedented financial and operating challenges, administrators and boards can't pursue business as usual.

 

They need resolve to break away from the herd.

 

And they need ingenuity to transform their approach to college operations. 

Tuition Discounting Hits Record Levels…

Chart showing the average undergraduate tuition discount percentage

Source:

2019 NACUBO Tuition Discounting Study – May 2020
The National Association of College and University Business Officers

Even as Affordability Continues to Decline

Chart showing college costs rise faster than compensation

Sources:

Average Total Cost of Attendance, Digest Table 330.40, National Center for Education Statistics

Average Wages, Median Wages, and Wage Dispersion, December 2020, Social Security Administration

Student Debt Skyrockets

Chart showing massive increases in student loan debt

Sources:

Quarterly Report on Household Debt and Credit, November 2020, Federal Reserve Bank of New York

Historical Consumer Price Index for All Urban Consumers, November 2020, U.S. Bureau of Labor Statistics

And the Enrollment Outlook Worsens

Chart showing declining high school graduation rates

Source:

Knocking at the College Door: Projections of High School Graduates – December 2020, Western Interstate Commission for Higher Education with support from the College Board

Straining the Finances of Many Colleges

Chart showing the private college closures trend

Source:

2019 Digest of Education Statistics, Table 317.50
National Center for Education Statistics