Whether it is because of the pandemic or looking towards a comprehensive five-year plan, our focus is on maintaining net revenue, taking into account current institutional strategies and tactics, along with the broader trends impacting higher education.
While COVID-19 has changed the landscape, opportunities to maintain capacity and service levels can be found through online learning, partnerships, and articulation agreements. Moreover, every institution will need to adjust its budget; we can help you minimize those cuts that are hard to recover from and determine ways to focus efforts to grow revenues.
Areas of Focus
- Capacity analysis
- Areas for collaboration
- Joint agreements
- Program growth capabilities
Examples of Our Work
- Articulation agreements
- Online program modeling
- Identification of strategic investment resources
- Restructuring of net tuition models
Case Study #1
Adapted from the Spring 2022 College of Saint Benedict and Saint John’s University in Minnesota magazine.
A demographic cliff for higher-education is on the horizon, with fewer children born in the early 2000s leading to several hundred thousand fewer students to enroll. This drop-off creates a financial crisis for most higher education institutions. Few would argue with the idea of pooling resources and sharing strengths in order to reduce costs and improve services for students. Almost everyone seems to argue about how to do it.
At the root of the conflict—almost always—is institutional mission. Well-intentioned leaders can start out looking for formalized partnerships to serve the needs of the 21st century student. But after watching and reading about the experiences of others—painful stories of conflict and damaged campus culture—they end up sticking with the strategies of the top 500 institutions. The result of avoidance generally means continuing with a culture of cost cutting, putting more burden on faculty and staff who are trying to carry the mission forward in ways that are unsustainable…but are sustainable enough to survive another year.
There are glimmers of hope though. Some institutions have found successful ways to partner that have led to increased efficiency, more opportunities for students, and new ways to offer academic programs where start-up costs or additional faculty hires would have been challenging. One example is the College of Saint Benedict and Saint John’s University in Minnesota. For almost 60 years these two institutions have found ways to collaborate and coordinate. The key to their success might be that they chose to do the hard part first: academics.
For CSB and SJU, they aligned calendars, agreed on costs for transferred credits, coordinated course offerings and eventually combined departments. Ultimately, the two schools seamlessly blended academic offerings into what is today a single curriculum under a joint provost. But those fights were as close to bloody as two Catholic, Benedictine schools are likely to get. And they stuck with it, even when it was messy. Too often in education, we don’t work through the messy.
Right now, with an eye toward the demographic cliff, these two schools are choosing to align even closer. They are streamlining administration, have aligned their trustees into “common boards” made up of the same members, and recently announced the first president to serve both institutions.
These are significant changes for significant efficiencies. But they’re possible because both institutions have remained committed to making it work without merging or forsaking their individual identities. But never giving up on the relationship and how this will better serve students, allow for more flexibility, and provide opportunities to remain vibrant for decades to come.