The financial function of an institution of higher education serves as a vital factor in the institution's long-term viability and success. The issue of financial stress in higher education is important for administrators to address, preferably in a proactive stance prior to crisis rather than as a reaction to a specific financial crisis. The importance and timeliness of this subject is apparent in reading almost any issue of the Chronicle of Higher Education.
|2.||Statement of the Problem|
The problem that will be addressed in this study is the determination of the patterns and processes used to address financial crisis in institutions of higher education. The study will explore the sources of financial stress, and the responses to financial stress during times of financial crisis.
|3.||Definition of key terms|