As money and time grow tighter for procurement departments, interest in purchasing groups and their contracts has grown, says Duff Erholtz, manager of membership services, the National Joint Powers Alliance (NJPA), a municipal contracting agency. In fact, many institutions belong to several such groups—for example, says Bill Wheelock, Youngstown State University (Ohio) has membership in seven, including E&I Cooperative Purchasing, NJPA, U.S.
Articles: Financial Services
2/21/2013
If the phrase “everything is negotiable” makes you uneasy, you’re not alone. Even though negotiation is increasingly essential for campus procurement departments, the task is often approached with trepidation. This isn’t surprising, given the past experience of many procurement professionals, says Steve Mack, director of procurement services for the University of Missouri System.
2/21/2013
As books become digital and online retailers distribute college branded T-shirts, Pillow Pets, and logo-emblazoned caps, the future of college stores faces many uncertainties. College retailers, however, hold advantages other retailers would give their right cash register for: a captive audience, a well-recognized local (or national) brand, and a steady stream of new customers who have little choice but to shop at your store, at least once in a while.
2/15/2013
At Tuesday’s State of the Union (SOTU) address, President Barack Obama discussed the importance of education at all levels and after putting emphasis on early education and job training for high schoolers, he asked colleges and universities to work to make higher education more affordable for students.
2/12/2013
The pace of change in the business offices of universities has never been faster. All eyes are on how institutions will manage the challenges of cost containment pressures, lower federal and state support, and the changing marketplace for higher education. With more demands on your resources—including personnel, capital and time—you have to ensure you are getting the most out of your business partnerships.
2/11/2013
Perhaps more than any other market segment, the higher education industry has led the charge in payments cards with its multiple, campuswide applications and rapid adoption of innovative technologies.
2/11/2013
Unpredictable high winds and rip currents catalyze rogue waves, sinking ships like the Andrea Gail inspiring the book and film The Perfect Storm. As the east coast now rebuilds from the devastation of Hurricane Sandy, many institutions are heading into another rogue wave that threatens the economic sustainability of higher ed.
1/24/2013
Q: What is a donor-advised fund?
1/24/2013
A particular anonymous couple, both Cornell University alumni, could be considered the proverbial advancement officer’s dream. They met in high school, attended college on scholarship, embarked on successful careers after graduation, and raised three children—all of whom attended their alma mater. Recently retired, they’ve now decided it is payback time.
1/23/2013
Type “MOOC” (massive open online course) into Google, and you get 2.7 million hits. Type in “MOOC business model,” and you get about 110,000 hits, most of them considering what a viable business model will or should be. More concretely, referring to the websites of the most popular online course providers—Coursera, Udacity, or edX—one is hard pressed to find a clear business model that works, in particular for the institutions that provide the course content.
1/2/2013
At Harrisburg University of Science and Technology (Pa.), seeing a doctor is now just a click away. Using Rapid Remedy, an online service that allows students to video chat with board-certified physicians, Harrisburg students can skip unneeded office visits while saving the school money, shares Harrisburg’s President Eric Darr.
1/2/2013
Feedback from private student loan borrowers reveals they hold a host of common misconceptions about their loans. In comments and complaints submitted to the Consumer Financial Protection Bureau (CFPB), borrowers demonstrate a lack of knowledge about the difference between private and federal student loans, how bankruptcy can impact their loans, who holds and services their loans, what repayment options they have, and more.
12/17/2012
The Rutgers (N.J.) spying case and the Penn State abuse scandal, among others, highlight the liability risks of all types facing colleges and universities. From the other end of the risk spectrum, Tulane University’s (La.) long struggle to rebuild and recoup losses stemming from Hurricane Katrina illustrates the complexity of property damage risk management.
12/12/2012
Could the admission of Grand Canyon University (Ariz.) into the Western Athletic Conference help change the perception of for-profits among the higher education community?
11/26/2012
Preached by a select few in academe who saw the recession approach like a speeding freight train, the do-more-with-less philosophy—finally—is gaining traction and critical leadership support in higher education both nationally and abroad. Yes, finally.
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