Universities face an uncertain funding environment and turbulent marketplace. Financial scenario modelling offers a potential mechanism to assist in navigating a way forward. Our previous paper on UK universities' practice found some variation in the sophistication of the approaches taken, but the overall impression was of a relatively simple…

Education funding in the United States relies primarily on state and local resources, with just a tiny share of total revenues allotted by the federal government. Most analyses of the primary school finance metrics--equity, adequacy, effort, and sufficiency--raise serious questions about whether the existing system is living up to the ideal of…

To prepare for the future, state policymakers can learn from the past -- specifically, the Great Recession and the COVID-19 Recession. Drawing on lessons learned from both time periods, the authors of this brief set out to answer the following questions: (1) What lessons from past economic crises might help state policymakers and advocates prepare…

School districts and state education systems across the country are in the midst of an increasingly challenging fiscal environment. In many states, funding for K-12 education remains below pre-recession levels in what has been called a "punishing decade for school funding" (Leachman et al., 2017), despite efforts in recent years to…

Ohio educates 1.6 million children attending school in big cities, suburbs, and small towns. For years, the school funding system pitted communities against each other and private and charter schools against public schools. This executive summary presents key findings from the full report that describes how the state funds public K-12 education…

The COVID-19 pandemic has disrupted the global and U.S. economy more profoundly than any other event since World War II. Just as the subprime mortgage crisis ushered in an 18-month economic decline and an ensuing state budget crisis, the current economic slide threatens to leave us in an even larger fiscal hole. Since COVID-19 hit, millions of…

Caught in the perfect storm of a sour economy, declining home values, legislative tax hesitance, and growing unfunded mandates, a school district leads a campaign to raise local tax and bond levies to save jobs and enhance education.

In this paper, we will develop the justification for study abroad. We will discuss the current economic climate and its impact on budgets. Next, we will explain the many benefits of the study abroad programs. Then we will propose some less expensive alternatives to the traditional study abroad programs. We will conclude with expectations for the…

The COVID-19 pandemic and the economic recession have disrupted the health and economic wellbeing of postsecondary students, families, and the nation's colleges and universities. A college degree can lead to good jobs with benefits--now and during the economic recovery--for students with low incomes, particularly students of color, opportunity…

All of those who work in independent schools have read a variety of material regarding strategies to improve their financial model. But as the author sees it, in the current economic conditions, there are really only two possible solutions for improving financial structures. They can no longer rely on their traditional strategy of increasing…

Purpose: The purpose of this paper is to discuss the reality that recessions experienced by the larger economy also impact the higher education sector, institutional leaders' failure to prepare for the inevitable and to introduce proactive steps that should be considered. Design/methodology/approach: The author notes that while recessions cannot…

The size of the nation's debt has important implications for children and families and for programs that serve them. Even so, children received relatively little attention during the recently concluded presidential campaign. This fall, Child Trends devoted its 2012 Kristin Anderson Moore Lecture to the implications of the debt for children to…

Proving the value of dual enrollment to the institution has become particularly important in recent years as the recession has squeezed state budgets for higher education. Programs that are not viewed as offering benefits to the institution become vulnerable in tough economic times. In addition, to operate effectively, all dual enrollment programs…

Draconian cuts have become the order of business for many school districts since the economic recession hit in 2008. But for the coming school year, "draconian" has taken on an even harsher meaning, as states from California and Texas to Illinois and New York wrestle with deficits in the tens of billions of dollars and make…

When the global financial crisis hit in 2008, it looked at first as if many European universities were going to escape the worst. Higher education has long been considered a public right and a taxpayer-financed obligation, and there was optimism that universities, which government leaders hail as drivers of economic growth, would emerge relatively…