Confederation College Achieves Accuracy and Efficiency in Budgeting, Tuition Planning, and Program Costing with Axiom
Read this case study by the leading higher education analyst firm, The Tambellini Group, based on the firm’s interview with Confederation College. This content is typically reserved for Tambellini clients, but Strata has obtained exclusive rights to share it with you.
The Institution: Confederation College is a provincially funded applied arts and technology college in Thunder Bay, Ontario, Canada, that serves approximately, 7,153 full- and part-time students.
Top 10 Financial KPIs to Track Higher Ed Success
In our Q&A article, college and university leaders discuss how their operations have changed and what institutions can do to create a more sustainable financial future. Read more!
4 Reasons Advanced Solutions Exceed Excel for Tuition Revenue Planning
In our Q&A article, college and university leaders discuss how their operations have changed and what institutions can do to create a more sustainable financial future. Read more!
Essential Strategies for Accurately Projecting Tuition Revenue
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:
Strategies for Simplifying Complex Labor Planning Processes
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.
Q&A: How to Navigate Tuition Revenue Planning
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.
2023 Survey of College and University Business Officers
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: