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Higher education gained an unlikely asset during the pandemic, and it came in the shape of billions of federal emergency funding. While CARES Act funding largely kept schools afloat and even jumpstarted a renaissance at HBCUs, one global management consulting firm believes most higher ed is unprepared to deal with a post-pandemic landscape.
NACUBO also found that colleges increased their endowment spending, with dollars increasingly flowing toward institutional operating budgets, largely focused on student financialaid. Even as endowment returns dipped, colleges tapped those assets to fund their needs. percent overall average return in 2021.
At stake is local control of an institution in a state that has admitted to years of inequitable funding for its only public historically Black college. Mumpower told lawmakers that university leaders should have foreseen a housing crisis, given that it more than quadrupled its 2022–23 scholarship budget to $28.3
With more than two-thirds of community college students requesting aid annually, 30% being Pell-eligible, 16% being single parents —and inflation at a perilous high—everyone is feeling the effects of one more line-item in the household budget each month. Financial Literacy: Virtual and in-person training is provided to students.
In this episode, we speak with Melanie Booth, Executive Director of the Higher Learning Commission’s Credential Lab, and Ian Roark, Vice Chancellor of Workforce Development & Innovation at Pima Community College, to discuss the policy and practice of making CPL a reality for different forms of credentials. Yeah, please.
For example, an institution known for forensic science might develop an online MBA program with a specialization in that area, leveraging its unique history and specialization. This trend highlights the importance of institutions knowing their strengths and using technology to develop niche, world-class programs.
The duo share their insights on 2023, discuss the unexpected developments, and what to prepare for with the higher education predictions for 2024. million in the first round of COVID relief funds, underscoring the significant impact of these aids. McNaughton cited an example of an institution that received $3.5
These developments have immediate and long-term consequences for college presidents, boards, financialaid departments, and the students they serve. Critical Functions Cut: Whats Gone and Whats Left Federal Student Aid (FSA) FSA was among the hardest-hit divisions. Many of these offices are now closed.
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