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Revenues

From UB

Institutions bring retirement living to campus

October, 2018
BACK TO SCHOOL—Being on the campus of Lasell College provides residents of Lasell Village with easy access to learning opportunities and an active lifestyle.

Multigenerational campuses are growing. How Lasell College in Massachusetts and Purchase College in New York are opening up retirement communities to lure lifelong learners and provide fixed revenue streams.

Retirement community revenue for Purchase College

October, 2018
Retirement community revenue for Purchase College

Broadview Senior Living at Purchase College is expected to open in 2021. For the first four years, retirement community revenue will be $2 million annually through a ground lease agreement with the state of New York. Every five years thereafter, rent is to increase by 10 percent.

Challenges in using data to evaluate faculty

June, 2018

Providers were asked: How well are colleges using data to measure faculty performance, and what related areas need the most improvements?

“Colleges will typically show the faculty how their scores compare to others at the school, usually those in the same department. But they rarely ask the instructors how they plan to improve any low scores they've earned or coach them how to do so. Closing this feedback loop will improve the students' experience.”

Colleges develop faculty evaluation equations

June, 2018
ALT EVALS—UC Merced faculty consists of mainly untenured assistant professors, such as Gregory Write who teaches microeconomics. Officials realize that standard criteria measuring faculty effectiveness may not apply. (Photo credit: Veronica Adrover at UC Merced).

Measuring faculty effectiveness has never been a perfect science—and it has always held potential for contention among instructors and administrators.

Let privates talk to each other about college tuition

May, 2018
Wendy B. Libby is president of Stetson University.

College tuition has been growing at roughly double the rate of inflation for decades. At last, the trend of annual tuition hikes appears to be cresting.

Sponsored Content

12/13/2018

Students expect their higher education experience to be modern and digital, but for many institutions, core systems across campus still rely on paper-based, manual and siloed processes. By automating processes and modernizing workflows, institutions can improve the user experience while reducing costs and workload and improving efficiency.

University Business partnered with FedEx Office to develop and deploy this survey of higher education leaders, exploring the issues and challenges related to the branding or public image of their institutions. Deployed in October 2018, some 300 college and university leaders from a variety of institution types and sizes responded.

From left to right: Ashok Sankar, Director of Solutions Strategy, Splunk; Kara Gillis, Director of Product Marketing, Splunk.

Higher education institutions are challenged with managing their IT systems as they digitally transform their environments. With new technology trends bucking traditional approaches, research shows a general lack of confidence among IT staff and decision-makers. As budgets tighten and IT is increasingly called upon to modernize institutions, IT practitioners need to look at data-driven decision-making strategies.

Nudge theory—using subtle reinforcements to positively influence behavior—is increasingly being implemented in higher education, having been proven to increase FAFSA completions, decrease summer melt and improve retention rates. Tiny “nudges” can result in big changes at any institution.

From left to right: Meghan Turjanica, Product Manager for Student Success, Jenzabar; Mathew Arndt, Lead Data Scientist, Jenzabar; Wade Leuwerke, Associate Professor, Drake University, Co-creator, Jenzabar Student Success Survey.

Many institutions ask their enrollment teams, advising offices, faculty and other departments to focus on student success, but these departments often do not understand all of the unique factors that contribute to the success of their students. A more holistic view is crucial to helping students succeed.