Colleges and universities nationwide are finding innovative solutions to improve their financial outlooks. That’s according to BKD CPAs & Advisors’ newly released “2019 Annual Higher Education Outlook: Celebrating Innovation in Financial Sustainability.”
Instead of solely concentrating on financial and operational challenges in higher education, this outlook focuses on what’s working as colleges and universities strive for financial sustainability. Gone are the days institutions can just increase tuition and cut costs, so schools are redesigning and recreating the economic model while finding new, innovative ways to become or remain financially sustainable. BKD saw a need to make more of these stories known and help inspire ideas that can turn into action plans.
“When schools are looking for innovative ideas to generate revenue and manage costs, one might think it would take significant time and research to find some of the best thinking,” said Nick Wallace, a BKD director and editor of the outlook. “In reality, some of the best examples are out in the open for many to see—they just don’t get the kind of public accolades that would start a groundswell of change. That’s why we decided it was important to create a resource that would accumulate and organize these ideas, as well as make objective observations.”
Download BKD’s 2019 Annual Higher Education Outlook at bkd.com/higher-ed to read about ideas, innovations and stories from colleges and universities across the country working to move the financial needle and—most importantly—better serve students.
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