A new report by consulting firm Bain & Company is forecasting the majority of higher education to be in a tough financial spot three years from now due to a confluence of operational challenges affecting institutions.
"We're about to fall off that cliff," said Higher Education Co-Chairman Gregg Haddad referring to the reliance the state system placed on one-time federal aid investments, such as the American Rescue Plan.
Schools are racing to replace 20-year-old administrative systems to modernize the faculty and student online experience, yet investments in cloud-based infrastructure dropped by double-digits in 2022, something Tambellini Group has never recorded before.
Most anti-CRT legislation targets K12 and higher education, a new report by CRT Forward suggests. As a result, faculty and school leadership is walking on eggshells over the thought of being sued by parents in the community.
Following Florida's TikTok ban across its public universities, at least five states have also issued similar restrictions, whether for its state colleges or universities—or both. Tennessee is about to make it six, pending the signature of the governor.
Citing pandemic issues and poor enrollment numbers, Buffalo-based Medaille University marks another private school in the Northeast too financially strapped to continue operations. Instead of closing, however, they're merging.