Magazine article University Business

Intensified Focus on Cost Control and Student Success

Magazine article University Business

Intensified Focus on Cost Control and Student Success

Article excerpt

"No margin, no mission!" is how one respondent to US's 2018 Outlook survey of campus leaders described the high stakes involved in raising more tuition revenue, non-tuition revenue and fundraising dollars in 2018.

Controlling costs is one of the top two institutional priorities noted by the survey's 72 president, chancellor and provost respondents. Nearly 6 in 10 say this will be more of a priority than in 2017. Enrollment declines may be driving the renewed vigor in focusing on funds. Over 7 in 10 selected enrollment declines as their biggest financial worry for 2018. (Respondents represent a variety of school sizes; 65 percent are at institutions with 5,000 or less students and 35 percent at institutions with 5,000-plus students.)

More than half of executive-level administrators identify a greater emphasis on budgets as one of the ways their own roles will evolve in the new year (see feature on page 28 for more on their changing responsibilities).

Mirroring past US Outlook surveys, the other main priority is enhancing student success initiatives, with 86 percent naming it a top priority. …

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