Looming Economic, Enrollment and Legal Challenges to Consider for Strategic Planning
Significant headwinds are facing institutions of higher education as we approach the mid- to late-2020s. The number of traditional college-aged students is projected to decline by as much as fifteen percent, and these declines will not be felt equally across geographic regions. The number of men, and particularly men of color, applying to colleges and universities is also experiencing a steep decline, and next summer the Supreme Court is expected to announce its decision on the challenge to use of race in admissions decisions.
At the same time, recent record investment returns on college and university endowments are not expected to be repeated in the next decade, and net tuition revenue is also expected to be challenged by increases in the tuition discount rate and rising inflationary pressures. Institutions of higher education must start planning now on how best to navigate these multiple challenges that are looming just around the corner.
Join our expert presenter as he provides a deeper knowledge of the challenging economic landscape for higher education in the coming decade, including how specific elements of the revenue stream will be impacted. He also provides an increased understanding of the potential dual impact of changing demographic trends in enrollment and how Supreme Court decisions are expected to impact strategic diversity efforts.
Prepare to rethink your enrollment strategy and planning. Take a close look at economic, enrollment and legal challenges often not discussed in detail outside executive leadership or the board room. You’ll gain an in-depth understanding of how several significant threats to institutional stability intersect, and what options may be available to combat them. Draw from information shared on projected enrollment declines, a changing economic landscape, and strategies colleges and universities, including key student support units and departments, will want to consider soon as they plan for what lies ahead later this decade.
Gain actionable takeaways so you can:
- Rethink your enrollment strategy and planning in light of changing numbers of traditional-age applicants regionally, demographic shifts and anticipated court decisions – rethink reliance on certain revenue/funding sources and models and consider alternative options.
- Have a clearer understanding of what the “enrollment cliff” really means, as to actual numbers and regional impact – gain deeper knowledge of the challenging economic landscape for higher education in the coming decade, including how specific elements of the revenue stream will be impacted.
- Make educated decisions about the potential dual impact of changing demographic trends in enrollment and a Supreme Court decision expected in summer 2023 on use of race as a holistic factor in admissions may impact strategic diversity efforts.
- Prepare your division, unit, or team for significant changes to many institutions coming between 2025 and 2029 – empower yourself with increased knowledge as you make important decisions about your own career, including the relative strengths and challenges of your potential future institution and their changing mission.
Allen Groves serves Syracuse University as Senior Vice President for the Student Experience, the chief student affairs officer of the University.
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