College and university administrators must be able to process large amounts of financial information quickly and be able to communicate information about financial performance to governing boards. Financial ratio analysis provides a framework for administrators to identify financial and operational concerns as well as variances from institutional…

Tuition discounting has been a long-standing practice among colleges and universities. Its roots can be traced to the beginnings of the 1970s, and its use has continued to increase and expand in the decades following. However, despite its widespread use, the research is inconclusive whether tuition discounting has been an effective strategy to…

The purpose of this quantitative study was to examine factors related to enrollment in higher education during the 2008-2009 economic downturn. The study focused on small private colleges and universities without historic prestige, schools that are non-selective and dependent on enrollment tuition. When viewing student enrollment through a…

The global financial system appears to be heading for a major financial crisis. This crisis is being driven by a growing global debt. This crisis is not limited to nations that are heavily in debt such as Greece, Spain, Portugal, Ireland, Italy or Cyprus but to such others as the United States. While there has been a great deal of emphasis on…

Strategic financial management is being redefined as a result of the ongoing fiscal challenges facing the nation's public colleges and universities. The Great Recession reached its peak in 2009 and the era of "business as usual" for public higher education quickly faded. A "new normal" has emerged that is causing leaders to…

This study focuses on how school districts in Michigan are reacting to budgetary stress brought on by the downturn in the economic climate. It addresses the key factors school districts can implement to increase revenues or decrease expenditures and identifies which of these factors districts choose and the reasons why. This study also analyzes…

The United States economic recession is now in its third year and continues to have a serious impact on the American higher education system, including Illinois' public community colleges. Illinois community colleges are seeing increases in enrollments while at the same time seeing significant decreases in state funding. The purpose of this…