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When the Financial Crisis Looms: A Tale of Three Colleges

Late last week I had a telling conversation with Dr. Jim Douthat, a colleague and mentor and the highly respected president emeritus of Lycoming College (PA). Like me, Dr. Douthat is convinced that the present operational path taken by many private colleges and universities is financially unsustainable.

As Jim argued so perceptively, the looming financial crisis may be at the doorstep or twenty years away, but those colleges that succeed best will do so by recognizing what’s coming and planning accordingly.