EOL 490 - Course Introduction

Course Introduction and Description

Due to a societal reluctance to increase public funding for educational purposes, colleges and universities are at an important threshold in the history of American higher education. During the next decade thirty-eight states anticipate moderate to substantial increases in student enrollment to higher education institutions. The fiscal strain accompanying this enrollment expansion is the nucleus of government debates as university officials and policy-makers attempt to provide greater access without jeopardizing educational quality. As a result of these national discussions, financial theories and practices are recurrently advanced that will have sustaining impact on the ability of states and institutions to provide affordable opportunities for all students seeking postsecondary education.

The objective of this graduate seminar is to explore the foundations of these debates by analyzing key theories, structures, and challenges of college and university financing. By examining a series of readings and actively participating in class discussions, it is my hope that you will be better prepared to comprehend the financial complexities dictating current institutional policies and practices.

                                    It requires but a moment’s reflection to perceive that no state could thrive, that no true civilization
                                    could exist even, if the principle were to be admitted that no man is to be taxed save for that which
                                    to him personally is to be of direct and tangible advantage. To admit the principle, and act upon it,
                                    would be to strike away the very possibility of social improvement.

- Charles Kendall Adams (1875) Former president of Cornell University, the University of
Michigan, and the University of Wisconsin.

COURSE OBJECTIVES:

1. Develop an understanding of the theories and philosophies impacting governmental and individual support of postsecondary
education.

2. Identify historical challenges and important events that have shaped the financial structures of colleges
and universities.

3. Be exposed to research, professional, and scholarly literature in the field of higher education finance.

4. Understand government, individual, and other external funding patterns and trends in postsecondary education.

5. Comprehend differences in governmental funding systems and strategies.

6. Develop confidence in addressing current fiscal dilemmas facing colleges and universities.

7. Communicate effectively in oral and written form on a professional level.

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