Given unprecedented revenue loses in higher ed due to the pandemic, short- term and long-term cost cutting measures are needed. Read the recent Chronicle article from HelioCampus VP of Strategy, Paul Friga, for recommendations on how to tackle these challenges strategically.
Included in the article is a summary of the potential negative financial impacts due to COVID, options for addressing revenue shortfalls, an overview of federal stimulus support for higher education, as well as specific strategies from leaders at various institutions including Georgetown University and Morgan State University. And while cost-cutting and containment are critical, the article also suggests opportunities for strategic growth and investment.
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We have taken the research study noted in the article and turned it into an infographic.
If you are interested in learning more about key financial management topics, made more relevant and top-of-mind as a result of the pandemic, please join us for a financial webinar series. You can find more information on topics and links to register here.