Clear communication regarding value and cost in higher education is more important than ever. College presidents and financial analysts agree — mission focus is essential.
“In general, higher education does not know how to speak for its interests. It offers a stance that is defensive, cowardly and likely to be ineffective.”
Nobody ever suggested that money is inconsequential in higher education. Derek Bok, twice former president of Harvard University has a book scheduled for release soon entitled Higher Education in America. A recent essay from that book in the Chronicle of Higher Education, “The Ambiguous Role of Money in Higher Education,” presents a case for university leaders to understand the flow of money in universities. Bok’s caution: Donors, private research funding, and statehouse favors can all be poor investments when misguided by short-term myopia.