Many private colleges and universities are running into serious cash problems. Some colleges may be so short of cash that they can’t pay employees or vendors, or bondholders.  The president and board may be lured to dip into large cash reserves in restricted or endowment funds. Drawing down

On August 21st, our last blog, “For Whom the Blog Tolls!”, concentrated on the steady march of private colleges toward extinction (For Whom the Bell Tolls? | Stevens Strategy – Educational Consulting).  In the last week, Hodges University in Florida joined the ranks of fallen flags and

Michael Townsley, Ph.D. Senior Consultant, Stevens Strategy Nearly every week, news flashes a report of another private college either closing or in deep financial trouble. Here is a short, but not exhaustive list of colleges that have closed this year:  Alderson Broadus University Bloomfield

Michael K. Townsley, Ph.D., Senior Associate Stevens Strategy Prefatory Remarks Notices of private colleges closing or merging have become regular items in the press.  However, this sudden spate of bad news may not be entirely due to new problems or to the effects of COVID.  Rather, long-term

Executive Summary Efficiency in higher education is an amusing topic that is best left to economists. Everyone including the inhabitants of a college or university knows that the institution in inherently inefficient due to poorly designed operational policies, procedures, decision rubrics,

Current market conditions are leading colleges to be more aggressive in discounting tuition to compete for students who believe that there are only small differences in majors among colleges.  Stevens Strategy Senior Consultant Michael Townsley’s blog discusses these market condition and

Read Stevens Strategy Senior Consultant Michael Townsley’s take on the numbers behind the troubling demographic and financial challenges facing small, independent institutions.

While demographic, technological and industry changes have been pressuring schools for a decade now, the pandemic has forced many schools into weakened financial positions, especially as it relates to cash available to support operations. This paper examines what colleges and universities need

By Mike Townsley & Bob DeColfmacker, Senior Consultants Stevens Strategy, LLC Last year was the 50th anniversary of the Woodstock Music Festival and an appropriate time to reference Bob Dylan’s 1964 hit “The Times They Are a Changing.” The song was an anthem to the tumultuous 1960’s, and

Applicant Success Assessment (ASA) Dramatic Retention Results after Two Years! Contact Bell Cooper to learn how ASA improves quality and raises revenues 217-725-1808 | [email protected] What is the Applicant Success Assessment? The ASA tests students’ readiness for college.  Our