College and university trustees often come from the business or civic community, appointed or elected to serve because of their deep experience overseeing complex enterprises. But higher education institutions do not operate under a typical corporate model. The deliverables they produce (teaching, learning, and scholarly research) have intangible benefits that are difficult to quantify, and even their language of business operations is unlike that of any other sector. Nonetheless, governing board members have a fiduciary duty to ensure that the institution is stewarding its resources efficiently and appropriately to its mission.
Higher Ed by the Numbers: Critical Questions Trustees Must Ask encourages trustees to ask their administrative leadership a series of critical questions designed to provide a framework for evaluating institutional performance across every major area of campus operations, including applicants and enrollment, financial health, curriculum, and graduation rates.
Among the critical questions trustees should be asking are:
- What are your institution’s application requirements?
- What strategies (if any) has your college used to increase enrollment?
- What price is the median student paying? How does this compare to other schools students typically apply to?
- What is your institution’s current level of debt?
- What is your institution’s What Will They Learn?® score?
- What are the most expensive programs to run? Class size, professor salary, and equipment requirements all play a role.
- Does your institution meet ACTA’s Gold Standard for Freedom of Expression™?
- What is your institution’s graduation rate, both four- and six-year?
- What percentage of graduates find employment or enter higher education six months after graduating?
- How many years does it take the average student to pay off their loans?
Read the full guide HERE.
Published through ACTA’s Institute for Effective Governance®, this guide builds on ACTA’s longstanding work helping trustees fulfill their fiduciary responsibilities and promote academic excellence and accountability.