Higher Ed Budget Shortfalls: Shawnee State Sees Declining Enrollment - Bitvore Corporation

A recent story crossing the Bitvore platform reminds us that many of the nation’s smaller universities face enrollment and cost pressures that could impact bondholders. The Portsmouth Daily Times reported that Shawnee State University – in Portsmouth, Ohio – is facing a $2.5 million budget shortfall. The university’s president attributed the budget gap to declining enrollment and cuts in state funding. According to Bloomberg: “Harvard Business School professor Clayton Christensen has predicted that as many as half of the more than 4,000 universities and colleges in the U.S. may fail in the next 15 years.” This higher education shakeout is occurring in communities around the country, and is reported first by college newspapers and other local media outlets. http://bitvore.com/2014/09/higher-ed-budget-shortfalls-shawnee-state-sees-declining-enrollment/