Educational Technology

October 31, 2017

3 ways community colleges can slash costs with this technology

Filed under: Educational Technology — admin @ 12:35 am

BY HARI SANKAR, eCampus News

Smaller community colleges outside of major urban areas can have less access to capital, so they suffer more financially than their four-year university counterparts. As the majority of community colleges are public institutions or not-for-profit organizations, they rely almost completely on state funding for their entire budget and annual planning. In fact, community colleges often do not have the same luxury of receiving research dollars, endowments or generous alumni donations, as their students often only attend for a couple of years before moving on to the workforce or other educational systems. For them, an ever-decreasing financial pie gets stretched even further. Determining a strategy on how to make up for that revenue loss is absolutely crucial for their future. Without an effective and sustainable financial structure, community colleges will fall behind in this volatile education market, which is where cloud technology can help.

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