The end of the fiscal year usually isn't a momentous occasion for colleges. But this June 30 could be a day of reckoning many never expected. Colleges borrowed billions of dollars over the past decade to improve facilities and fulfill their ambitions. Now the consequences may be about to blow up in their finances. The author reports on how…

By just about every objective measure, the $88-million in debt that Wartburg College has carried since late 2005 poses a risk. The college's debt load--twice the amount that it takes in annually from tuition and other revenue--has raised red flags with its accreditor, alarmed some faculty members, and left Wartburg with a credit rating just one…

Purpose: To validate a survey research measure of subjective income, as measured by perceived income adequacy, in an international context. Design and Methods: The study population comprised persons aged 50 years and older in 12 countries from the Survey of Health, Ageing and Retirement in Europe (n = 28,939). Perceived difficulty in making ends…

Libraries are an interesting instance of the radical transformations that higher education is experiencing. The neoliberal turn that has led to the commodification of what scholars do--teach and create knowledge--has had a profound effect on the academic library. But the political economy of the transformed library is invisible to many if not most…

State and local governments today are, with few exceptions, in deep financial distress. While some governors can offer the recession, the housing crisis, or the loss of an important industry as an excuse for poor finances, many states are simply structurally insolvent. In this article, the authors discuss the primary cause of the states' long-term…

Recent developments in the global business environment have led to important changes in accounting/auditing regulations, and have implications for the business school curriculum. While many of these issues are covered in advanced accounting courses, generally taken only by majors, the issues are sufficiently important that nonaccounting majors, at…

One of the most important factors that determine the state of science potential and, in the long run, the successful results of scientific and technical activity, is its financing. All developed countries conduct an incentive policy to encourage their national science, including systematic support from state budgets for scientific research and…

The article briefly summarizes seven challenges that faces the Seventh Day Adventist (SDA) tertiary institutions in the Caribbean. There is no exhaustive discussion of the challenges but each is clearly articulated. There is no attempt to address solution but the discussion of each challenge, however, provides opportunity for several inferences…

Understanding the institutional context of financial issues and related communication enhances the effectiveness of student affairs administrators within their areas of responsibility and as leaders of change on campus. This chapter focuses on key aspects of developing a comprehensive communication strategy.

Professors of economics, business, and related fields were asked to answer the following question: Does the financial crisis affect how economic theory should be thought? This article presents some excerpts from their answers.

This article reports that the crisis besetting U.S. and world financial markets is hitting school districts hard, as they struggle to float the bonds needed for capital projects, borrow money to ensure cash flow, and get access to investment funds locked up in troubled institutions. Some schools districts depend heavily on borrowed money to pay…

In this article, the author examines the financial crisis on Wall Street which resonates through higher education across the state, and beyond. The economic malaise is taking its toll in places like Rhode Island, where state budget cuts of 17 percent forced colleges to cut class offerings and leave more than 150 positions unfilled. Florida's…

While student loans provide college opportunity for many, undergraduate student debt resulting from typical and heavy borrowing hinders future investments in human capital. Propensity score matching analysis of the NSF's 2003 National Survey of Recent College Graduates demonstrates that debt negatively affects the graduate school enrollment of…

Each budget year, the Ministry of Education responds to concerns about chronic underfunding of public education by asserting that the ministry is providing its "highest funding ever" during a sustained period of declining student enrolment. This assertion of the "highest funding ever" continues in "Budget 2011,"…

Ultimately, making financial aid "freshman friendly" also makes financial aid "sophomore friendly," "junior friendly," and "senior friendly." Indiana University has in place an Office of Enrollment Management (OEM) model that includes focused financial aid packaging strategies complemented by unique contact…