New York’s Baruch College offers a no-frills financial engineering course that’s feeding some of the world’s most elite global trading firms.

Historically, the cost of utilities has been the dominant area of spending. Although that continued in FY2022, spending rose in every area tracked by the Commonfund Higher Education Price Index.

Bakery owners Allyn Gibson and his son, David Gibson, sued Oberlin College in November 2017 claiming they had been libeled by the school and their business had been harmed.

It's been a bright spot for many universities in recent years, but leaders may not be able to hang all their financial hopes on continued growth.