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Articles: Revenues

Administrators, faculty members and campus staff have been ordering all sorts of supplies from Amazon.com for years, but it was only recently that the e-tailing colossus jumped formally into the higher ed and business-to-business procurement market. And some in the procurement world see benefits ahead.

The new higher education alliances cropping up are not just of the regional variety.

A group of private colleges and universities created a consortium in fall 2015 to negotiate better deals on enterprise resource planning systems, which can account for up to 4 percent of an institution’s entire annual budget. The Higher Education Systems and Services Consortium (HESS) now has 65 members located in 15 states.

Jon McGee, vice president for planning and public affairs at the College of Saint Benedict and Saint John’s University, says many colleges and universities are too focused on the present to prepare for the changes ahead.

In his book, Breakpoint: The Changing Marketplace for Higher Education, Jon McGee says higher education is in the midst of an extraordinary transitional period that has significant implications for how colleges understand their mission, their market and their management.

Stanford’s solar solution: Joe Stagner, executive director of sustainability and energy management at Stanford, has led the university through a solar power-based strategy. By 2030, 75 percent of the university buildings will be powered by solar.

How colleges are getting creative about energy supply to save money on heating and cooling, and to boost building comfort for occupants

The madness of March swirls around the excitement of collegiate sports. The most successful Division I teams are competing for tournament wins—and the large cash payouts associated with those high-profile victories.

Fans pack the University of Kentucky arena for every basketball game, keeping ticket revenues high. (Photo: UK Athletics)

As one would expect, successful athletic programs benefit their college or university in a number of ways—particularly in the admissions arena. They raise public awareness of the school, reaching prospective students who may not otherwise have heard of or looked at the university, says Scott Verzyl, associate vice president for enrollment management and dean of undergraduate admissions for the University of South Carolina.

Officials at the University of Missouri in 2012 looked at the business troubles of its academic press and decided the most prudent path forward was to shut it down. The community disagreed, lobbying against the closure, and the university recanted.

The whole affair emphasizes that academic publishing is not about dollars, but about the proliferation of scholarly and research-based writing, says David Rosenbaum, director of Mizzou’s press.

Yale will analyze the cost of carbon at its Peabody Museum of Natural History and 19 other campus buildings to help guide other institutions. (Photo: Patrick Lynch/Yale)

Energy conservation at Yale now goes beyond lower utility bills. The institution broke new ground in higher ed recently with a pilot program to calculate the wider cost of carbon use at 20 of its New Haven, Connecticut, buildings, including the well-known Peabody Museum and the president’s office.

The point of pollution is just one cost, says Ryan Laemel, Yale’s project coordinator. “We pay downstream in the form of added healthcare costs and rising food prices due to declining agricultural productivity, for example.”

Michael R. Nelson, a professor of internet studies at Georgetown University and former White House staffer, will deliver at keynote speech at UBTech 2016 in Las Vegas.

Michael R. Nelson, a professor of internet studies at Georgetown University, says innovation is about much more than just a good idea. It requires finding new ways to combine existing ideas, products and services into something that people will want. At the heart of that process is collaboration.

Most colleges and universities will continue to face financial hurdles, and although there is much crossover, certain issues will be more or less of a concern based on the size of the university and its student population. One thing is true across the board: Student expectations are changing.

Given the amount of innovation transpiring daily on the American college campus, it’s not surprising that higher ed institutions have become destinations for the broader community. Outside groups host conferences, retreats, weddings and other social events at campus facilities, while travelers can sometimes find a room for the night.

Nayef H. Samhat, president of Wofford College, believes cost of attendance would limit athletics program options for students at schools like his. The Wofford’s men’s basketball team emerged from the 2014-15 season as Southern Conference regular season champions and Southern Conference Tournament champions.

Several prominent Division I conferences (including the American Athletic Conference and Conference USA) have expressed support for cost of attendance, and Division I schools such as the University of Virginia and The University of Alabama now provide it; but not all member schools are on board.

Of the 23 types of organizations studied by the Association of Certified Fraud Examiners (ACFE) in 2014, education—including higher ed—had the fifth highest frequency of fraud.

Embezzlement originating from any corner of campus can threaten any college and university. As for the losses, they can be big. Here are four ways technology and vigilance can help head off financial fraud.

In 1969, three-quarters of faculty at U.S. colleges and universities were tenured or tenure-track. That number dropped to just above one-quarter in 2013. (Click to enlarge)

Colleges and universities have made spending on administrators and part-time instructors a higher priority than raising salaries of core faculty members who have the biggest impact on learning, says a new report from the Campaign for the Future of Higher Education.

Earlier this year, former College of DuPage President Robert Breuder almost won himself a $763,000 golden parachute to leave the institution in March 2016, three years before his contract expired; that contract has since been voided by the college’s board, and the package reduced to $495,000.

In an apparent response, Illinois Gov. Bruce Rauner has signed two new laws limiting terms for community college presidents and restricting their severance packages.

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