201. Exploring How Higher Education Administrators Can Overcome Narrowing Net Tuition Revenues to Remain Viable -- A Qualitative Study
- Author
-
Kristin Jasper
- Abstract
Higher education administrators face challenges related to declining net tuition revenues. Net tuition revenues are sustaining decreases related to tuition discounting and declining enrollments. College and university leaders were interviewed in this qualitative study to determine why it is challenging to reverse narrowing net tuition revenues and how higher education administrators can overcome narrowing net tuition revenues to remain viable. Tuition discounting has escalated in response to competition from other higher education institutions and the demographic cliff. Colleges and universities find it challenging to decrease tuition discounts without the risk of losing enrollments. Tuition discounts in the form of scholarships are netted against tuition revenue, reducing the amount of funding available to cover the cost of operations. Narrowing net tuition revenues compromise the financial viability of higher education institutions. Study findings showed that colleges and universities could improve their financial outlook by discontinuing programs with low enrollments or lack of current relevancy. They can reallocate funds in favor of new programs that better meet the needs of the 21st-century college student. Hiring presidents with finance acumen who champion a strategic plan focused on enrollment growth is another way to strengthen fiscal viability. Finding ways to strengthen finances at a college or university reduces the risk of closure that a lack of resources can cause. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]
- Published
- 2024