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by Don Loberg
The end of the Great Recession has not ended the mandate to cut costs at many colleges and universities. The trick is to reach goals in a way that doesn’t harm the academic integrity of the institution. That is best accomplished through a strategic approach that includes actions that are relatively simple and some that are highly impactful.
Here are 10 cost-saving strategies that many education executives have implemented with successful results. This is by no means an exhaustive list, but it may spawn additional ideas across all departments and disciplines.
There are just as many opportunities to increase revenue, and they should be explored as well. We’ll look at a few of those in the next issue of this newsletter. In the meantime, these and other cost-saving strategies can help preserve much-needed funds while improving processes, and most importantly, can maintain your institution’s ability to offer the highest educational value to its students.
Don Loberg, Higher Education Partnerdon.email@example.com or 612-397-3064
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