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Non-elite colleges should consider radical steps to improve their financial future, report says

May 19, 2023

As competition for students heats up, colleges are struggling financially just to maintain the status quo, according to the report, which didn’t provide a precise definition of non-elite institutions.

“Across the globe, universities are selling non-core assets or shrinking their footprints (physical or academic) to fund ongoing costs — an obviously unsustainable position,” the authors wrote.

U.S. colleges in particular are dealing with challenging demographic trends. A separate analysis from EY-Parthenon based on financial metrics and student outcomes found that 20% of colleges in the U.S. were at financial risk in 2020.

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