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- W275440668 abstract "higher education in the United States is confronted by Private a challenge survival. Almost a century of prosperity (steady growth, expanding enrollments, increasing public support, and great confidence in the ability of higher education to find solutions to virtually all problems) has suddenly become a new depression. Problems of growth have given way to problems of survival or, more optimistically, the steady state. The near-term demographic crunch, the increasing proportion of faculty members with tenure, the glut of Ph.D.s, the decay in public confidence, are brute facts that must be faced by the academy.1 Our purpose is not once again to bemoan the present and future difficulties confronting private higher education. What we would like to do instead is to open a dialogue on innovative methods of finance that might be used to aid private colleges and universities in coping with their financial problems. While we shall discuss only one financing approach here, there are certain to be many more in the offing, and it is our hope that the present discussion will stimulate thinking about such techniques. Traditionally, private universities have rarely utilized general debt issues as a means to finance themselves. Even in the halcyon days of the 1960s, the usual method of finance was to borrow from endowment. More recently, tax-free obligations have been issued by some schools to finance specific revenue-producing projects under the" @default.
- W275440668 created "2016-06-24" @default.
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- W275440668 date "1977-01-01" @default.
- W275440668 modified "2023-09-24" @default.
- W275440668 title "A Prepaid Tuition Plan for Private Higher Education." @default.
- W275440668 hasPublicationYear "1977" @default.
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