Pricing Power and Private Colleges and Universities As of the first week of May 2024, Chart 1 shows that twenty private colleges have closed with a simple factorial estimating that sixty will close. The sharp exponential growth for 2024 does not bode well for many...
First Published on Stevens Strategy Blog Michael K. Townsley, Ph.D., Senior Associate Stevens Strategy Prefatory Remarks Notices of private colleges closing or merging have become regular items in the press. However, this sudden spate of bad news may not be...
By Mike Townsley & Bob DeColfmacker, Last year was the 50th anniversary of the Woodstock Music Festival and an appropriate time to reference Bob Dylan’s 1964 hit “They Times They Are a Changing.” The song was an anthem to the tumultuous 1960’s, and its simple...
Tectonic Shift Coming in Course Pricing On May 4th, Richard DeMillo’s[1] article, “So You’ve Got Technology; So What?” in the Digital Campus published by Chronicle of Higher Education boldly claimed that new technology is ready to blast apart the traditional pricing...
Economic equilibrium is a state that defines the long-term financial viability of an institution of higher education. Richard Cyert[1] defined the conditions needed to achieve economic equilibrium as…