Survey: CFOs show little confidence in financial viability of institutions

07/12/2013 | InsideHigherEd.com

Only 27% of recently surveyed chief financial officers believe in the viability of their college or university's financial model over the next five years, according to a survey by Inside Higher Ed and Gallup. Only 13% expressed confidence in their institution's financial viability over 10 years. CFOs say that, to survive, institutions must increase student retention, increase endowments, find corporate funding and expand online offerings. "People who know what they're talking about think we have a problem down the road if some things don't get fixed," said higher-education finance expert Jane Wellman.

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