Jul 30, 2021, 4:54 PM
(from Inside Higher Ed) Three-quarters of college and university business officers express confidence in their institution's financial stability over the next decade, according to the 2021 Survey of College and University Business Officers conducted by Inside Higher Ed and Hanover Research. Large majorities also believe that their institution's response to the pandemic and the resulting recession positioned them well for the future, causing them to implement "positive, long-lasting" changes" and pushing them to "think outside of the box" in ways that will benefit the institution in the long run. These findings puzzled financial experts, who noted that during the height of the pandemic, most college business officers stated they need to rethink their institution's business model, and yet this year more than eight in 10 said their institution had no plans this year to share administrative operations or academic programs with another college, to abandon existing plans to build new facilities, or to revise tenure policies.
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