US: What can universities do to keep costs down?

10 July 2011

If the top business officers at America's universities and colleges had their druthers, professors would have heavier teaching loads and tuition fees would keep rising, writes Stacy Teicher Khadaroo for The Christian Science Monitor.

According to a new survey, those were the most frequent strategies cited to cut costs and raise revenue if - and it's a big if - the financial officers didn't have to worry about consequences among various constituencies. Two-thirds said they had already raised tuition and fees for this coming school year by 3% to 6$.

Overall, colleges' financial outlook is growing brighter, with 39% saying they are more optimistic about their institution's financial prospects than they were a year ago, according to the survey of 500 chief financial officers by The Chronicle of Higher Education and Moody's.
Full report on the Christian Science Monitor site

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