Broken budgets, not hostile takeovers, are the biggest challenge for most college presidents, С»ÆѼÊÓƵ's Chuck Ambrose and Michael T. Nietzel, president emeritus of Missouri State University, write.
As co-authors Ambrose and Nietzel document in their book, Colleges on the Brink: The Case for Financial Exigency , many colleges and universities now find themselves in various degrees of financial precarity. Every higher education sector is facing such risks: public and private schools, two-year and four-year institutions, and for-profit and not-for profit colleges are in the same leaky boat. A prolonged stretch of sinking enrollments, a global pandemic, funding uncertainties, a public increasingly skeptical of the value of higher ed, and a tendency to overbuild and overspend have left hundreds of colleges facing unsustainable futures.
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