Survey finds growing number of US business officers think PSE faces financial crisis

Chief business officers working in American PSE institutions are showing growing agreement with the notion that higher education is facing a financial crisis, according to a 2017 survey. Based on responses from 217 business officers from public institutions, 184 from private institutions and eight from for-profit institutions, the survey found that 71% of chief business officers agreed with the statement that media reports saying higher education is in the midst of a financial crisis are accurate, compared to 63% in 2016 and 56% in 2015. Further, only 56% of respondents agreed or strongly agreed that their institutions will be financially stable over the next five years, down from 64% a year ago. Only 48% agreed or strongly agreed their institutions will be financially stable over the next 10 years, down from 54% last year. Inside Higher Ed