Public universities are not for-profit businesses with an easy-to-understand bottom line: their financial reports are not designed to convey information to the public fully or to reflect all the costs of teaching and research. Financial reports do track every dollar in accordance with the accounting rules required by auditors, but they do not…

The education sector especially higher education in Nigeria faces financial challenges. The recurrent cost of university education constitutes about 95% of the total cost incurred by the government in Nigeria. However, the Nigerian government is unable to meet the UNESCO recommendation that 26% of national budgets should be allocated to education.…

The economic outlook may be sour for Wall Street's investment banks and for homeowners who took out mortgages they could not really afford, but campus planners and architects say that--so far, at least--colleges' construction plans are largely unaffected by the downturn. Some colleges, in fact, are trying to speed up projects to limit the damage…