by Lucie Lapovsky, Forbes
In terms of changes to the business model on the cost side a variety of strategies to reduce the cost of running colleges and universities are being implemented. These include the continued reduction in the percent of full-time faculty at private institutions which has declined from 78% of the faculty in 1970 to 51% today and the decline in tenured faculty among institutions with tenure which, in the last 20 years, has fallen from 50% to 44%. Beyond changing the composition of faculty, schools are offering programs in different formats including on-line and hybridwhich increase accessibility of the programs and minimize facility use. Forward-thinking institutions are working to minimize their idle capital by using their campuses much more fully year-round. A few campuses now operate year round with three terms where groups of students are required to attend the summer term.
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