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Articles: Financial Services

Institutions are increasing efforts to equip those in a broad array of campus leadership positions with the skills they need to identify and woo potential donors.

The University of Florida’s last fundraising campaign, completed in October 2012, surpassed its $1.5 billion goal and finished nine months ahead of schedule at $1.72 billion. Despite this tremendous success, the next campaign will deploy a new tactic—a fine-tuned army of the university’s leaders prepared and practiced in the strategies of fundraising.

A high-demand winter course at Long Beach City College will cost residents $225.

California has been experimenting with charging higher tuition rates for high-demand courses offered during the winter and summer. The accompanying infographic breaks down what students are paying.

Workforce development has long been a bastion of the community college environment. But with student-loan debt topping $1 trillion and enrollments falling, many four-year colleges and universities are devoting more attention to the area, in part as a way to boost their own relevance within a challenging global economy.

Industry-driven
A Toyota workforce study revealed: Within 10 years, at least 200 employees in their Indiana manufacturing plant would retire.
Action: Partner with university to launch the Toyota Advanced Manufacturing Technician Program

Part-time students and their needs need not get lost when continuing education gets decentralized. Fairfield U reaches out to its part-timers, many of whom have young children, with events such as the Halloween-themed “Night at the Museum,” held this fall on campus at the Bellarmine Art Museum.

With funding cuts, falling enrollments and increased competition from MOOCs and other low-cost online programs, higher education has been under enormous pressure in recent years. But pressure often leads to positive change, and many schools are looking at continuing education as an ideal area for that change.

Construction budgeting software allows Southern Methodist U to maintain a digital record of projects and ensure future projects have adequate funding for site development and other line items.

A Midwestern state university budgeted about $12 million for a major addition to its library several years ago. At the time, there was not a tightly controlled project planning process at the institution and the library’s plaza—already a major central gathering space on campus—was not included in the project budget.

Sidewalks weren't part of the construction project budget for the Hurvis Center at Lawrence U, but that piece was still planned ahead, through a local landscaper.

In some cases, colleges and universities will opt to fund some site development items, such as landscaping, as an operational cost instead of a capital cost.

But the decision depends on owner needs and should still be made in advance, during the budgeting process for the entire project. Here’s how two institutions have approached the decision:

The Loyola platform is a one-stop shop for tracking and spending points.

“Engage with the career center” sounds a bit like “eat your vegetables” to a college student. Students know they should access career planning resources, but other options from the campus activities buffet beckon.

In surveys, graduating students from Loyola University Maryland’s Sellinger School of Business and Management raved about the faculty and facility, but not the career center, says Dean Karyl Leggio.

What makes a college or university more likely to attract million-dollar gifts? It may not be surprising to learn that longer presidential tenure, the age of an institution, strong alumni networks, and national college rankings help schools win big donations.

Source: Association of Certified Fraud Examiners; 2012 data/Graphic by Edie Sutton

Despite what many working for higher education institutions may believe, the campus is a common setting for fraud. In fact, the Association of Certified Fraud Examiners’ latest “Report to the Nations on Occupational Fraud and Abuse” identified education as one of the top five industries for reported cases of occupational fraud.

The accompanying graphic shows what kinds of losses campuses are experiencing and who is committing—or is likely to commit—these crimes.

Spencer Parker had a plan: Take his high school volleyball stardom to college, spend a couple of years at a smaller school to develop his academic and athletic skills, then move on to a larger setting. Become a volleyball star on a bigger stage. But the nagging desire to play college football, the lingering effect of a successful season as high school quarterback, was relentless.

Education is now one of the top five industries for reported cases of occupational fraud.

What do a private liberal arts college, a public community college and a high-ranking national university all have in common? Each recently reported six-figure occupational fraud losses.

In fall 2012, Sage launched the Achieve Degree program, an online degree designed for students on the autism spectrum or with other special needs, who generally work from home or their local library.

In today’s competitive higher education market, colleges and universities must prove the value of the degrees they bestow to graduates each year. Traditional measures, such as graduation rates, grade point averages, and cohort default rates, have become only a few of the ways colleges and universities are evaluated. Students and their parents want to be assured that their investment in a college education will pay off in the form of a self-sustaining and financially-secure career path.

Oregon State is one of three universities to be governed by an independent board.

In a climate of declining state funding, Oregon higher ed policy leaders needed to bring in more resources while taking some of the burden off students. That’s why three of the state’s universities are breaking off from the Oregon University System. Effective July 1, Oregon State University, Portland State University and the University of Oregon will have their own boards.

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