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 expansion of higher education institutions during the last decade has resulted in financial strain during retrenchment times as colleges and universities try to continue paying personnel and building operating expenses. The extent of the problem is addressed in this article. (LBH)

Major public and private universities need substantial amounts of additional income to meet rapidly rising operating costs. After World War II, total educational and general expenditures in all universities went up from less than $1 billion in 1945-46 to more than $7 billion in 1963-64. Some private university operating deficits indicate that…

Describes recent financial problems in support service provision faced by France's fourth largest university due to a steep rise in operating costs, a government mandate to maintain high academic and research standards, decreased resources, and efforts to improve resource use in the period 1977-81. (MSE)

The effect of inflation and recession on the budgets and character of academic institutions is examined. The seriousness of the problem is emphasized, and the rising costs are discussed in terms of the Higher Education Price Index (HEPI) constructed by Halstead. It is based on a detailed breakdown of expenditure categories and is the least…

Discusses the problem (facing institutions of higher technical education) of maintaining continuing programs of institutional growth and providing for future development while meeting maintenance and operational costs. (MLH)

Various theories are circulated concerning Stanford University's (California) controversy over use of federal research funds. Issues involved include billing the government for inappropriate charges, the rapid growth of problems, public relations failures, and poor administration. The president's role in addressing the crisis is a central concern.…

The 1984-1985 operating fund requirements for Ontario higher education institutions are examined. It is suggested that relative to other jurisdictions and to the early 1970s, Ontario universities are seriously underfunded and falling further behind each year. Statistical tables include the following: funding recommendations of the Council of…

Financial patterns at American University, Catholic University, George Washington University, and Georgetown University were investigated. Specific areas of concern include: revenue sources and expenditures, balance sheet formats, financial health, the effect of external factors such as enrollment and inflation, financial performance, ability to…

This study sought to determine if private colleges and universities are accurately reporting budgetary data to the Integrated Postsecondary Educational Data System (IPEDS) of the U.S. Department of Education following guidelines issued by the American Institute of Certified Public Accountants (AICPA) and the National Association of College and…

Information was sought from all states and the District of Columbia regarding the experience of unanticipated revenue shortfalls resulting in executive or legislative actions to modify postsecondary education appropriations and/or budgets for 1981-1982, 1982-1983; and the actions being taken in the postsecondary education community in response to…

Indicators of the financial health of colleges and universities are considered, along with causes of financial problems, a conceptual framework for institutional financial flows, and data sources. Five indicators are addressed: changes in institutional distress potential for private colleges, changes in institutional financial resources, changes…

The economic, human, and social impacts of mandatory retirement are addressed in a brief presented by the Association of Universities and Colleges of Canada (AUCC) to the Subcommittee on Equality Rights. There is a possibility that the coming into force of equality rights may remove mandatory retirement. It has been estimated that by 1989 removal…

Financial indicators to describe and measure the condition of colleges and universities are discussed including: determining capital charges against current revenues, analyzing revenue structures, dissecting the expenditure structure, and restating current fund revenues and expenditures. (MLW)

The prosperous 1980s will be followed by an economic slowdown challenging to higher education. Faced with slower public, private, and endowment revenue growth and increasing operating costs, institutions will have to make tough choices. Data on government contributions, private gifts, endowments, expenditures, and shifting allocations are offered…