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"Not more with much more"
Recently appearing in the Chronicle of Higher Education is a heartening piece, written by the chairman of the Budget and Finance Committee of the Nevada System of Higher Education Board of Regents. He correctly argues that the amount of money spent on higher education as a percentage of total public expenditures has increased dramatically over the last 20 years with very little to show for it. As efficiency and productivity in other sectors increase seemingly by leaps and bounds, higher education is stagnating, with prices rising, and quality holding steady or outright declining.
This article offers helpful observations for trustees faced with similar situations: Colleges should try to be "continuously doing more with less -- not just more with much more." In this recession, it is clear that universities cannot count on steady levels of public funding. Trustees should be looking at this economy as an opportunity to control costs by thoughtfully allocating campus resources on teaching and learning so that when the bull market returns, higher education will be in better shape than ever before.
Posted by Noah Mamis on January 07, 2009 at January 7, 2009 03:46 PM
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