Institutions of higher education are constantly facing economic challenges to their survival. Nowhere are the challenges greater than in small private colleges and universities across America. None of these colleges can assume that its stability is assured in perpetuity. No thriving college is immune from unforeseen disaster, just as no struggling college is irreversibly destined for closure. This issue presents stories of colleges in crisis and considers what makes the difference between a college that closes and one that nearly closes but manages to remain open. It offers a range of revealing, hard-won experiences of college presidents who led their campuses in times of crises. Some colleges found no way out, and their stories offer lessons that are just as valuable as the stories of colleges that reinvented themselves and survived. This is the 156th volume of the Jossey-Bass quarterly report series New Directions for Higher Education. Addressed to higher education decision makers on all kinds of campuses, it provides timely information and authoritative advice about major issues and administrative problems confronting every institution.

Institutions of higher education are constantly facing economic challenges to their survival. Nowhere are the challenges greater than in small private colleges and universities across America. None of these colleges can assume that its stability is assured in perpetuity. No thriving college is immune from unforeseen disaster, just as no struggling college is irreversibly destined for closure. This issue presents stories of colleges in crisis and considers what makes the difference between a college that closes and one that nearly closes but manages to remain open. It offers a range of revealing, hard-won experiences of college presidents who led their campuses in times of crises. Some colleges found no way out, and their stories offer lessons that are just as valuable as the stories of colleges that reinvented themselves and survived. This is the 156th volume of the Jossey-Bass quarterly report series New Directions for Higher Education. Addressed to higher education decision makers on all kinds of campuses, it provides timely information and authoritative advice about major issues and administrative problems confronting every institution.

Staying the Course is about a college that many describe as being the way colleges used to be: beautiful, well-maintained buildings and grounds; caring, capable faculty; administrators who manage frugally and compassionately; a bright, energetic president willing to dedicate his life to assuring a solid future for the institution; and students who study hard and work hard to serve those in need. Still the college struggles to maintain what it has built and to increase its endowment, small by comparison to many private institutions, at the same time it continues to hold tuition low and provide funding to students who, even with Pell grants, need extra help to go to and stay in college. How the college is managing to build a sustainable financial base is described in chapters focusing on the kinds of students who attend, the faculty who teach, the administrators who oversee the multiple programs that support the students as well as design new courses and new ways of teaching, the trustees who guide the college, and the president who has stayed long enough to see many of his dreams for the college realized, to shape new dreams and to raise the funding that makes those dreams realities. The college still struggles in many ways but its struggles are far less than they would be without the lessons the institution has learned and is offering to other small, private colleges facing similar difficult circumstances. With the many stories about the sad state of higher education today, this book contradicts those stories with its description of how merging the values of the past with the information and strategies available today can enable a small college in a region of poverty and with a population of students with limited financial resources to rise above those threats and limitations to become a model for the future of such institutions.

Scarcely a week goes by without a headline about the unsustainability of higher education as we know it, under threat from new models, for-profits, or online education. Most threatened are small liberal arts colleges – with commentators predicting the demise of colleges with fewer than 1,000, or even 1,500 students. Are these trends inevitable, or can they be overcome?Through a unique case study approach to examining and analyzing colleges that have struggled, Alice Brown reveals the steps that can lead to a sustainable operation and, when closure is inevitable, the steps to do so with orderliness and dignity. Rather than expounding on trends, or management theory and prescriptions, Brown focuses on narrative examples of survival and closure, recounted by real people in actual colleges, and reports the lessons they learned. Here are examples of strategies involving mergers, partnerships, or “going it alone”, and their outcomes, that illustrate principles that can serve as guides for fragile colleges struggling to address their social and economic challenges.Added to Brown’s six carefully researched and extended case studies, her own insights and analyses of decisions made and actions taken, this book offers guidance by seasoned scholars and administrators on issues as varied as leadership, the roles of the president, governing boards, faculty and staff, in articulating and implementing mission and strategies for survival, and on the changing landscape of higher education. The references to the literature on college survival strategies constitute an education in themselves.While this book is of immediate practical value for trustees and leaders of small colleges as they look toward and plan for the future and for anyone aspiring to an administrative positions in higher education, the examples constitute a microcosm of the interplay between the external constituencies, governance structures and internal forces that sustain or undermine institutional health, and which are hard to observe clearly in larger, more decentralized environments.

How Boards Lead Small Colleges is designed to appeal to anyone with a special interest in the future of small private colleges, which play a critical role in the world of higher education.

Achieving successful financial viability by broadening revenue sources is one of the most important issues facing colleges and universities today. Increasing operating costs, along with the reliance on traditional student tuition, government support, and philanthropy, are challenging universities. One way administration leaders and faculty are meeting this challenge is to establish supplemental revenue streams from a variety other sources such as: continuing education, credit and noncredit certificates, degree completion and upgrade programs, study abroad, domestic and international branch campuses, distance education, auxiliary services, technology transfer, and partnerships or alliances with other organizations. These types of activities, formerly considered secondary ventures, are now integral to lasting and responsible financial strategic planning. This monograph examines a wide variety of supplemental income options and opportunities, as well as examples of restructuring financial planning schema. While not negating the value of traditional college education, these new revenue sources in fact lead to greater institutional effectiveness. This is the 1st issue of the 41th volume of the Jossey-Bass series ASHE Higher Education Report. Each monograph is the definitive analysis of a tough higher education issue, based on thorough research of pertinent literature and institutional experiences. Topics are identified by a national survey. Noted practitioners and scholars are then commissioned to write the reports, with experts providing critical reviews of each manuscript before publication.

Take an in-depth look at the difficulty in gaining traction at the institutional level in improving student retention and degree completion rates—especially at larger four year institutions where size, complexity, and multiplicity of structures and processes present particular challenges. This volume offers a way for institutional leaders to better focus their time, energy, and resources in their retention effort by framing the way they think about it using the 4 Ps of retention strategy: profile, progress, process, and promise. This simple framework challenges long-standing, traditional assumptions about student retention that can distract and dilute institutional efforts, and helps keep those efforts sharply and singularly focused on improving retention and degree completion outcomes. This is the 161st volume of this Jossey-Bass series. Addressed to higher education decision makers on all kinds of campuses, New Directions for Higher Education provides timely information and authoritative advice about major issues and administrative problems confronting every institution.