In order to stay competitive and attract good faculty and students,
"there is an inevitable tradeoff between the administrators' efforts
to moderate the rate of tuition increases faced by students and their
efforts to provide generous salary increases for the faculty
"(Ehrenberg Tuition Rising 113). The fiduciary responsibility of the
administrators is to maintain a balanced budget while being creative
in dealing with on-going budget cuts. A recent article in the
Chronicle of Higher Education entitled "Whose Professor Is It,
Anyway?" (10/22 2004, A 12) points at consortia as a possible solution
in retaining professorial lines for small programs.
My aim in this paper is to juxtapose the financial and structural
advantages and disadvantages of joining a consortium. Consortia are a
way for institutions to pool money and lower administrative burden and
cost but they do not necessarily meet the interests and needs of the
college and students. I will first look at a few consortia as examples
and then give a closer look at the prospect of sharing faculty.
Consortia have been in existence for some time with presently more
than 125 Higher Education consortia in the United States proving its
popularity and success. The Association for Consortium Leadership
(ACL), founded 35 years ago, provides insight into the types of
consortia its 65 members have formed throughout the United States. It
is the only institution serving higher education with a focus on
inter-institutional cooperation. Institutions planning a partnership
with each other and/or a community are given advice and a mentor to
help them est...
... middle of paper ...
...cy Forum, 2001. Eds. Michael McPherson and Morton Schapiro.
Retrieved from http://www.educause.edu/forum/ffpfp01w.asp
Frey, Donald. "University Endowment Returns are Underspent." Challenge,
vol. 45, no. 4, July/August 2002, pp. 109-121.
Hignite, Karla and Christine Larger. "Putting College Costs in
Context." January 2004. Retrieved from http://www.nacubo.org
Johnstone, Bruce. D. "The Economics and Finance of Higher Education:
Introductory Concepts." http://www.gse.buffalo.edu/FAS/Johnstone,
Paulsen, Michael B. and John C. Smart. The Finance of Higher
Education: Theory, Research, Policy & Practice. Eds. Agathon Press,
Wilson, Robert. "Whose Professor Is It, Anyway?" Chronicle of Higher
Education. October 22, 2004. A12.
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