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Problems and Outlook of Small Private Liberal Arts Colleges

HRD-78-91 Published: Aug 25, 1978. Publicly Released: Aug 25, 1978.
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Highlights

Numerous studies have concluded that all higher education institutions have suffered financial distress. The schools that suffered the most severe financial trouble during 1975 and 1976 were small, private, liberal arts colleges. Many of these schools have experienced extensive deficit operations, borrowed substantially to cover current operating deficits, and have been delinquent in debt service payments. Some officials attributed their financial problems to: (1) insufficient revenues because of declining enrollments; (2) inflation and rising costs; and (3) lack of prompt and effective administrative controls.

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Budget deficitColleges and universitiesEducation or training costsFederal aid programsFinancial managementGrantsHigher educationPrivate schoolsSchoolsArts