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,