Advice and Information for Finance Professionals

Will Higher Education Be Able to Pivot in Time?

Jarred Boone
Product Marketing Manager, Cloud ERP and EPM,‎ Oracle

A headline from Forbes poses a question that highlights the ongoing struggles many universities in the United States are facing: “Will half of all colleges really close in the next decade?”

It’s no secret that colleges are facing immense pressure these days to boost student outcomes or risk closing their doors. A quick look at some industry statistics shows this may be an uphill battle for many institutions:   

To combat these issues, colleges are using innovative thinking to help students succeed. A few examples include:

  • Changing the traditional role of the college library
  • A community college going national
  • Schools using athletic coaches to re-enroll students

Universities are trying everything to ensure students have a successful college experience. Some universities are even doing a dollar-for-dollar match for all Pell Grants recipients to bump up student retention–which was unheard of before.

Stories of innovation

Inside Higher Ed recently published a booklet of these innovation stories, including the examples cited above. The articles in this compilation feature colleges that are changing their requirements, as well as those that are putting more resources in front of students. Both approaches are needed to help students succeed. While the jury is still out on some of these efforts, some have already started to demonstrate results. 

We invite you to read the booklet, as well as watch a recorded webcast with the editors of Inside Higher Edon the novel approaches colleges are taking to ensure better student outcomes.

Download the booklet or watch the webcast from Inside Higher Ed.

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