Today’s economic conditions are monopolizing discussions among leadership teams and boards of trustees at many colleges and universities. It is a nerve-wracking time, to say the least.
Over the last two years, tax-exempt colleges and universities have become targets of increased scrutiny by the Secretary of Education, the Internal Revenue Service ("IRS") and the Senate Finance Committee.
The downward slope of a stock market graph is an image that parallels how quickly traditional college dynamics can submerge and alter a familiar status quo. Tradition is rooted deep in higher education, but these economic times call for emerging change.