With the latest NACUBO survey reporting an average discount rate for private schools exceeding 50% and other analyses showing softness in student demand, one has to wonder how these two factors will play out. In our experience with over eighty schools of various...read more
There are certain brands that have been around for our lifetime and that of our grandparents. Think of Ford, General Electric, IBM and the venerable Harley Davidson. While each has survived decades of depression, war, energy crises, credit implosion and...read more
An attorney friend specializes in health care and higher education. His assistance has been invaluable, ensuring that contractual provisions don’t put us in a legal trap at some future point. He will tell you, however, that the work performed by his firm...read more
In its April 27, 2018 edition, The Atlantic reported the following: The numbers are wild: Harvard admitted just 4.6 percent of its nearly 43,000 applicants for the class that begins this fall. Stanford accepted only 4.29 percent, and...read more
In an interview for an upcoming book, the author asked me to characterize the nature of private higher education at this time. It just so happened that a colleague had asked the same question about a week ago, affording time for reflection. My response is that...read more
Those of us who have worked in higher education dodged a bullet with tax reform. Section 117(d) remains in force, allowing employees and their dependents to receive qualified tuition reductions tax free, at least for undergraduate study. Most call this...read more
Thinking back on my undergraduate years, a handful of relationships stand out four decades hence. Lifelong friendships were forged during those years, including one with a girlfriend who became my wife. Various speakers graced our campus with pearls of...read more
I cannot count the number of letters I have been asked to send to congress that adamantly predict the demise of charitable giving if either of the current tax reform proposals become law. Some claim that giving will go down forty percent or more. Let me go...read more
Years ago, car salesmen kept the current month’s yellow NADA book in their desk drawer, at the ready when the value of your trade-in needed to be established. The buyer didn’t have much to go on and that lack of knowledge led to significant profits on used cars,...read more
It's a question we hear frequently. As hard as they’ve tried, new student numbers steadily decline while tuition discounting eclipses price increases. Budgeting is an annual ritual of optimistic projections in the spring followed by reactive cost cuts the...read more
Our take on the current reality of higher ed.
Curated articles, opinion pieces, analysis and advice from one CFO to another.