Higher Education's Looming Collapse: Using New Ways of Doing Business and Social Justice to Avoid Bankruptcy

Higher education must implement new ways of achieving social justice and performing the business of education to survive the impending shakeout stemming from increasing competition for enrollment, operating costs, and price sensitivity plus decreasing state aid, net tuition, endowment income, and college-bound high school graduates. Universities that survive the shakeout will achieve financial sustainability, educational excellence, and social justice while providing equal educational opportunity and resource equity by implementing the book’s best practices, strategies, and holistic budgeting model.

Stephen Coffin, PhD, MBA, MPA, is adjunct professor of school finance for Montclair State University’s Graduate School of Education, has taught school finance as a part-time instructor for Rutgers University’s Graduate School of Education, and has taught doctoral students higher education finance and economics as well as school finance as an adjunct instructor for Fordham University’s Graduate School of Education. Dr. Coffin’s research focuses on education finance and economics, charter schools, community economic development, educational business administration, equal educational opportunity, and resource equity.