You are here

Feature

Subcategory of CFO News

In your experience, how common is it for financial aid offices to push in to classrooms with messages to students about financial aid, managing student loan debt, and personal finance—and what may be holding them back from doing this more? 

Many colleges and universities are ramping up their efforts to teach students how to manage loan payments and other expenses.

Scenario: Small college wants to increase its national visibility and recognition.

Process: Matt Spencer, associate vice president for university advancement, zeros in on alumni with an affinity for the university, identifies their interests and plans visits—using a tool that analyzes social media reactions, comments and event responses of 235,000 digital alumni interactions.

ATTENDEE POWER—Virginia State University board members, friends and staff get strategic about their attendance at the Richmond Forum speaker series, which many local influential people attend. The team aims to make new introductions to the university as well as strengthen existing relationships with key constitutents.

Following are four effective strategies any advancement team can use to build donor support.

Rogue spending—buying outside a purchasing contract—can be an issue at colleges large and small. Here’s how the small college pros rein it in.

Help spenders put a face to your name. This is easier at smaller colleges, says Karen Khattari, director of general services and procurement at Cedar Crest College. “Everybody knows me, and I know them.” That leads to more control and better accountability.

REMOTE BUYS—Rural institutions such as Colgate University may have added purchasing woes because of supplier delivery challenges.

These purchasing managers work to save their institutions time and money through a range of strategies that result in purchasing power and wisdom from higher ed peers. Here’s how to do the same.

Adjuncts' short-term, inexpensive contracts, offering no obligation of renewal, provide institutions with much-needed options in managing budgets. But a new wave of activism is challenging the status quo.

Regulatory compliance buckets.

Ignoring compliance isn’t an option. Institutional leaders can take action to ensure they’re on the right track today and to reduce the drain on existing resources.

The emergence of two new degree programs and two graduate certificates shows the complexity of compliance.

In recent years, the rate of hiring of compliance-related administrative officers has exceeded that of faculty, says Steve Hoffman, who consults with colleges on policies and procedures regarding tax issues and concerns.

Widener University in Pennsylvania now offers a master of jurisprudence in higher education compliance through its Delaware Law School.

Some higher ed institutions are giving new technologies the ol’ college try in preparation for future financial challenges. Here’s a closer look at five compelling reasons to move beyond spreadsheets.

Pages