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Higher Education Policy and Practice Blog

Achieving Economic Equilibrium Using the Cyert Model

Every institution strives to achieve economic equilibrium, which in general terms is the state where it has sufficient resources to operate while preserving its assets for future generations of students. The challenge is how to define the concept so that plans can be developed to reach

20 Apr, 2010
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Facing the Future: How to Prepare for Better Times

Many of the anecdotal reports I’ve heard from higher education clients and colleagues this year seem to have a common theme: either enrollments were down or the cost of meeting enrollment targets was higher due to increased discount rates, marketing budgets, or both. Either way, colleges

20 Apr, 2010
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UPMIFA – What Is It and Why Should You Care?

UPMIFA, the Uniform Prudent Management of Institutional Funds Act of 2006, has been adopted by 33 states. The purpose of UPMIFA is to provide nonprofit organizations with greater freedom in managing their endowment portfolios and spending from the endowment subject to an “overall standard

27 Jan, 2010
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Programs and Resource Optimization (PRO)

We have developed over the years a transformative academic program review process we call PRO. It has four interrelated processes. A Mission-centeredness Review that identifies the programs that meet the college’s mission and those that don’t. Mission-centeredness is measured

27 Jan, 2010
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Excerpt from Chapter 1 of Dr. Townsley’s new book, Weathering Turbulent Times (NACUBO, 2009)

In 2002, the big issues facing independent colleges and universities were the stock market crashes of 2000 and 2001, tuition pricing, demographics, market competition, and institutional size. Guess what? These problems have not gone away, and now there are new problems facing private

27 Jul, 2009
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