Tom Fitzgerald, CEO, E&I Cooperative Services
There’s no denying it: today’s higher ed administrators are facing enormous financial challenges. As tuitions have steadily increased, revenue from the state and federal government has continued to drop. Student loan debt has reached epic proportions, eclipsing the $1 trillion mark in 2011. According to the Princeton Review, college affordability is now one of the primary concerns of high school seniors. The competition to attract students is intense, and the demand to retain those students and increase graduation rates is fierce.