Creating frameworks for
in higher education
LEAD. SUPPORT. EMPOWER.
HIGHER EDUCATION - DISRUPTED.
Diminishing state support. Increasing expectations for college programs. A cultural shift to students as consumers. The changing societal value of a college diploma. Technology that aids – or subverts – traditional methods of classroom instruction. Today’s universities and colleges face these challenges, and many more.
Administrations across the country are discovering traditional methods no longer work...and they’re scared for the future.
For over a decade, Mindstream has helped educational institutions across North America navigate 21st century challenges. With our help, they have saved millions of dollars – while preserving the unique culture of each, and maintaining their focus on teaching, research and service.
We help colleges and universities create frameworks for financial sustainability that:
• Redirect resources where they’re needed
• Optimize the delivery of new programs and services
• Are tailored, pragmatic, holistic and enduring
Shave millions off your administrative costs
Mindstream gained a recent client $4.9 million in recurring savings – and significant process efficiencies.READ ABOUT MORE SUCCESSES
Here’s how we help clients like you:
- Uncover hidden efficiencies and cost savings:
- Create new resource allocation models:
- Develop pro forma models to test new program and service initiatives:
- Deploy strategic decision management reporting tools:
- Create appropriate strategic sourcing and shared service models:
HIGHER EDUCATION DEBT – A CRISIS ON THE HORIZON
Public attention has focused on runaway student debt, but colleges and universities have their own, equally severe debt problem. Diminishing enrollments, plummeting government funding, capital projects, and historically low interest rates are some of the reasons…but analysts agree that the debt routinely leaves educational institutions weaker.
Taken together, colleges and universities in the U.S. owe $240 billion. For public universities, that equates to an 18 percent increase over five years to $145 billion. During the same period, private institutions’ debt edged up 3 percent, to $95 billion. And in 2016 alone, colleges and universities borrowed a record $41.3 billion through municipal bonds, which constitute most higher education debt.
Within a decade, financing costs for universities’ and colleges’ debt more than doubled – from $21 billion in 2003 to $48 billion in 2012. Seen another way: the cost of finances to higher education ballooned to 9% of the total higher education spending – despite a decrease in interest rates during the same period.