States Have to Step Up to Help Colleges Face the Coming Budget Storm
Scott Jenkins and Jesse O’Connell, Lumina Foundation
Just as COVID-19 has intensified health inequities and economic losses, pending state budget crises threaten to worsen the already bleak financial position of colleges and universities—entities that contribute to healthy state economies.
Recognizing the urgency of the moment, Lumina Foundation, in partnership with Bill & Melinda Gates Foundation and HCM Strategists, worked with experts in higher education policy and finance to develop a framework to help state leaders meet this historic challenge. The framework offers principles, analyses, advice, and examples of best practices.