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College CFOs Increasingly Concerned about Sustainable Operations

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The 2013 Inside Higher ED Survey of College and University Business Officers surveyed 457 chief financial officers at universities and found less certainty about the sustainable future of higher education. The numbers aren’t dismal but do move into the realm of raising eyebrows and thinking of solutions. In particular, a lower percentage of CFO’s believe their organizations are financially sustainable and a higher percent are taking on debt to run operations.  -27% strongly agree that they are confident about the sustainability of their institutions financial model. -21% believe for-profit education (lower page of report) is sustainable while 51% believe elite schools are sustainable. -49% of polled officers have experienced increases in healthcare premiums. -92% say that retaining current students is a large part of their strategy. -45% believe that technology is or will help them reduce operating costs. -59% stated they were well informed about their jobs before t