Scott Friedman and Tim Hurley, principals at Deloitte, discuss the fiscal challenges facing colleges and universities as a result of the pandemic and what this means for the institutions’ finances.
Friedman states, “Difficult decisions have already been made by institutions and it’s quite likely that even more difficult decisions will have to be made going forward. Being open and honest about what is known, what is unknown, the decisions that you are making to give effect to when preserving your institution’s mission, and the rationale for those decisions is the only way to preserve integrity and give stakeholders the sense you are being thoughtful and responsive to the evolving situation.”
Listen to the podcast here.
This podcast is created and produced by higher education experts Jeff Selingo and Michael Horn. Selingo, a FutureEd senior fellow and former editor of The Chronicle of Higher Education, is special advisor and professor of practice at Arizona State University, and a visiting scholar at Georgia Tech’s Center for 21st Century Universities. Horn is chief strategy officer for the Entangled Group, an education investment firm, and a senior partner at Entangled Solutions, an education consulting company. Selingo and Horn can be contacted here. Future U is supported by the Academy for Innovative Higher Education Leadership, a partnership between Arizona State University and Georgetown University, and by Entangled Solutions.