Magazine article University Business

Getting Money in, Controlling Money Out

Magazine article University Business

Getting Money in, Controlling Money Out

Article excerpt

While relying less on student tuition and fees is the ideal situation for many higher ed institutions, it's not surprising that finance administrators anticipate tuition revenue as the biggest funding boost for 2018. Other areas with a starring role in additional funding projections are student fees and advancement income, from both philanthropic and corporate donors.

The 66 respondents to the UB survey are keeping a close eye on spending as well, particularly health benefit costs. More than 70 percent anticipate that spending in that area will go up modestly or significantly this year. However, 18 percent expect costs to hold to 2017 levels, and 11 percent believe health costs will actually decrease in 2018.

Spending on staff salaries, facilities construction and maintenance, or technology will be going up in each area for nearly two-thirds of respondents-who represent a variety of institution sizes, with about an even split between those at schools with 5,000 or less students and those at larger institutions. …

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