Aug 14, 2017, 4:28 PM
(from Inside Higher Education) A new report from the Council of Independent Colleges rebuts widespread concerns that a large percentage of colleges and universities, and especially small private colleges, are in financial distress. "We think the prevailing public view is wrong," said Richard Ekman, CIC president.
The report calculates several key financial metrics for 559 institutions of varying sizes over a period of 14 years. Findings include a median composite financial index above 4.0 in fiscal 2013-2014, above the 3.0 threshold considered healthy and far above the low of around to 1.0 in 2008-2009. "Two-thirds of the schools meet the financial viability ratios," said Douglas Webber, an associate professor in Temple University's economics department. The highest CFI scores were among institutions with 2,001 to 3,000 full-time equivalent students, challenging the notion that the largest schools have the greatest financial stability.
Much more at Inside Higher Ed.
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