Colleges and universities’ financial performance depends largely on tuition revenue, but forecasting this revenue source accurately is a challenging and complex process in a constantly changing environment. In fact, tuition as a percentage of revenues at public colleges has doubled since 1980, reaching 42.1 % in 2021. At some institutions, that number rises to 79%.

In this webinar, we’ll share essential strategies for accurate tuition revenue projections, including:

Higher education is a people-intensive industry, with 60% of college and university budgets allocated to paying faculty and staff salaries and benefits. That makes recent workforce challenges, including high turnover rates and dissatisfied employees, a significant challenge for finance leaders.   

Combatting these challenges requires a combination of budgeting and labor planning strategies. Our guide explores two universities’ reactions to current labor challenges and best practices they implemented to improve hiring and retention.  

Over the next five to ten years, financial leaders in higher education anticipate enrollment, labor costs, inflation, and funding to be among the industry’s top challenges to financial impact. And with more than six in 10 financial leaders (62%) stating that tuition and fees account for 50-90% of their institution’s revenue, colleges and universities face incredible uncertainty with the impending enrollment cliff.  

Read Inside Higher Ed’s 2023 Survey of College and University Business Officers, sponsored by Syntellis, to learn more about how business leaders are feeling about the immediate future and stability of their institution.  

Key findings include: