Everything that the UNC system and its constituent institutions do is dependent on a generous inflow of money. In fiscal year 2020, the UNC system received $10.2 billion in revenues, excluding revenues for UNC hospitals. Where does all that money come from? By far, the state of North Carolina is the system’s largest source of … Continue reading “Did You Know? Where UNC System’s $10 Billion in Revenue Comes From”
A new leader took the helm of the University of North Carolina system during a tumultuous time. In the midst of a global pandemic, Peter Hans was elected UNC system president on June 19, 2020 and assumed the role in August. The position was previously held by interim president Bill Roper, who stepped in after … Continue reading “A Conversation with UNC System President Peter Hans”
According to one recent estimate, American colleges in the last few years, in a period of extraordinary enrollment decline, have added 70 million square feet of new instruction and research facilities on their campuses. That is more space than in 10 Pentagons, the largest office facility in the U.S. Yet enrollments for fall 2020 had … Continue reading “The Edifice Complex Is a Threat to University Budgets”
Amid COVID-19, nearly every college—whether a community college or a four-year institution—is facing an unusually tight budget this year. As the economy takes a hard hit, key sources of higher education funding, such as donor grants and government aid, are likely to be affected. But for many institutions, the most crucial sources of funding are … Continue reading “Financial Warning Signs at NC Colleges Expose Existing Problems”
The budget released by the North Carolina Senate in early May sets a careful course for higher education. It includes modest increases over last year’s budget for both the University of North Carolina system and the state’s community college system. It also includes several policy changes aimed at making higher education more transparent and efficient. … Continue reading “Senate Budget Is Prudent, Predictable (And That’s a Good Thing)”
The North Carolina General Assembly’s recently released budget for 2016-17 increases University of North Carolina System appropriations by $168 million, $31 million of which will be dedicated to fund projected enrollment increases. At many of the system’s 16 universities, however, increased funding for such a purpose is unnecessary. Furthermore, the new state higher education budget, … Continue reading “NC’s Latest Higher Ed Budget: More Spending, Less Saving”