Higher Education Is Feeling The Financial Pinch - 1125 Words

Higher education is feeling the financial pinch. Public higher education programs have seen a decrease in government funding. Adding to the burden, is financial pressure to keep tuition rates down as well as aging brick-and-mortar facilities, as well as career fields and technology evolving rapidly. According to Jeff Dennen (as cited by Selingo, 2013) â€Å"Expenses are growing at such a pace that colleges don’t have the cash or the revenue to cover them for much longer†. Higher tuition rates for out of state students and endowments are not going far in making up the financial shortfall. As a result, many high education organizations have had to get creative in order to exist. One of those ways has been to outsource faculty (Driscoll, 2012). Another, has been to impose fees on students, some of which stem from technology as the collegiate environment transitions from brick-and-mortar to virtual. As a result, some of the financial burden from higher education organization shifts to student which allows colleges to remain active and functional while providing the experiences and convenience 21st century learners need. Additionally, the benefits of these fees may outweigh the cost for students. Increasing Costs for Higher Education Organizations The financial pinch felt by many high education organizations is caused by decreased income and increased costs. Mounting pressure from federal and state governments to keep tuition prices low as well as lowering funding levels haveShow MoreRelatedOrganizational Management and Operations Paper1690 Words   |  7 Pagesor federal agencies. Just as people are different; so too are supervisory roles, mission statements and leaderships. Every policing organization has its common goals to adhere to such as, crime prevention, traffic, crime control, safety, and education, to name a few examples. 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