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Now that a new year of data on institutional finances (through Fiscal Year 2023) came out through the Integrated Postsecondary Education Data System , I am revisiting this and also including public universities. Federal covid relief funds are now gone, however, and state budgets look wobbly.
The idea that academic library budgets are fungible shows ignorance of how these budgets work. Over the past couple of weeks, I worked with a number of academic librarians and an expert in higher ed finance to create a series of Q&As that explored academic library funding. Again, fair criticism.
On-demand webinar Building a Culture of Data Confidence Learn more about effective data management and how institutional culture impacts the use of data. Similarly, I have attended department meetings across the organization, from finance to human resources to facilities, to understand the challenges that they face. link] Hillman, N.,
He went on to chair MIT Sloan School’s Department of Economics, Finance and Accounting; then became Deputy Dean of the school; and eventually serve for three years as the Chief Economist for the Security and Exchange Commission of the United States before returning to MIT. That which doesn’t get measured doesn’t get managed.
Since he left in 2014 the political game-playing has sadly degenerated, becoming ever more disconnected from the real issues facing the HE sector. Covid and employment disputes have brought massive disruption for students, with class actions for compensation continuing as an additional looming threat to HE budgets.
In 2014, the father-son team of Joel Best and Eric Best published The Student Loan Mess: How Good Intentions Created a Trillion Dollar Problem. Debates on the role of government and private lenders in financing higher education continued. What role will the private sector play in financing higher education? Next Chapters?
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