LI's private colleges face declining revenue

Tim Goral's picture
Monday, February 10, 2014

Long Island's tuition-dependent private colleges, facing tough economic headwinds, are under pressure to drastically change the way they do business.

Leaders at four-year, nonprofit institutions including Adelphi University, Dowling College, Hofstra University, LIU Post, Molloy College, New York Institute of Technology and St. Joseph's College said they are putting everything on the table -- budgets, operating models and programs -- while working to prove their value to prospective students and parents who are intensely focused on tuition costs and their "return on investment" in an uncertain job market for the graduates.

The schools must find revenue streams apart from traditional student tuition, offer courses that mirror the job market and hunt for new students outside the region, the college presidents and higher education experts agree.

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