According to Inside Higher Ed, the credit rating service Moody's has concluded that too much political control of public universities is bad for their financial condition.* On the other hand, Fox News suggests we could repaint the Regents' conference room as a remedy. [See above.]
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*https://www.insidehighered.com/quicktakes/2015/05/18/moodys-state-controls-limit-options-higher-ed "Competing priorities from multiple stakeholders, including state
government, governing boards, faculty, students and alumni, will inhibit
some public universities from quickly adjusting either to ongoing
funding reductions or broader changes in their market landscape," said
Moody's May 14 Weekly Credit Outlook for Public Finance. "Inability to
adapt to economic and market realities will reduce the competitiveness
of some public universities and contribute to growing fiscal
challenges," the report continued. "Universities that have greater
flexibility to adjust revenue, such as through tuition increases and
growth in out-of-state enrollment, or to modify their operating model
will outperform the sector."
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