The three Higher Education Emergency Relief Funds, commonly referred to as HEERF I, II, and III, have provided necessary financial relief to higher education institutions struggling with the economic burden caused by the COVID-19 pandemic. However, each round of funding has brought new eligibility, disbursement, and reporting requirements. With these requirements constantly changing, where are […]
Higher education has faced two severe economic hits in the last decade, with long-term ripple effects. The economic downturn resulting from the Great Recession quickly surfaced questions as higher education fought a financial and market slide over a period of months and years. The hit administered by the pandemic of 2020 has been much more […]
Malcolm Geffen and Sean Snider of the University of La Verne Small Business Development Center have put together the following resource for organizations applying for emergency loans. The loans are a mere 3.75% with no debt service for 11 months and a term can be as long as 30 years. If you would like their […]
From deregulations to mergers to relaxed ethical standards, higher education issues and challenges continue to make headlines, especially in the current election cycle. Nonprofit Christian higher education institutions face unique challenges of their own. Here are nine trends to monitor that will impact Christian higher education in 2020: 1. Deregulation In October 2019, the United […]
Give back the money!? That’s right. Violations of financial aid verification remain in the top 10 most common audit and program review findings for the past three years and that can lead to students receiving ineligible disbursements and schools having to return their federal funds and possibly incur penalties and/or fees. To help avoid this, […]
Given the increasing and rapidly changing risk, cybersecurity should be a key focus for all higher education institutions. Institutions collect and store a wide variety of data across many departments, ranging from health and financial information to intellectual property. Students and their families, employees, and the general public have high expectations for how your institution […]
The higher education industry is large and complex. There are many pain points that keep senior leadership teams up at night. Institutions of all sizes need to answer these key questions: Do you actively monitor your Department of Education ratios and debt covenant ratios (if any), thinking the only thing you can control is your […]
Many of the biggest challenges facing faith-based higher educational institutions today can be overwhelming. Especially when systems, traditions, finances, and institutional culture get in the way of making necessary changes. How can you solve the following issues facing your campus—and every campus? Strategically increasing your enrollment Leveraging your audit to effectively communicate with your various […]
While the higher education industry is large and complex, several trends are affecting schools of all types and sizes. Faith-based higher education institutions are not immune to these trends, which include: Soft net tuition growth Expense growth that exceeds revenue growth Deferred campus maintenance Yet faith-based not-for-profit higher education institutions demonstrate a certain resiliency. In […]
Higher ed is at a crossroads with many things, but especially board governance. One must look no further than the daily headlines — the sexual assault at Michigan State and their interim president’s latest comments about the victims, or the University of Maryland’s issues with the death of a football player and its board overruling […]
