TIAA-CREF Conference Examines Higher Ed Access
Administrators search for funding alternatives as government aid dwindles.
By Jamal Watson
NEW YORK
Dozens of leaders from some of the nation’s most prestigious public and private colleges and universities recently gathered in Manhattan to discuss ways to make higher education more accessible to the masses.
The annual conference, titled “Transformational Change in Higher Education: Positioning Your Institution for Future Success,” was sponsored by TIAA-CREF, the national financial services organization that provides retirement services in the academic, research, media and cultural fields. The two-day symposium, held at TIAA-CREF’s headquarters, focused on the rising costs of higher education.
College administrators who attended the gathering said that with the recent cutbacks in federal aid, they are looking for ways to fund their institutions without raising tuition. The challenges to keeping their colleges affordable are manifold, they said. They point to an unprecedented number of American students choosing to attend four-year colleges overseas. As a result, the overall enrollment at U.S. colleges and universities is seemingly on the decline.
“We are losing our best students to international countries,” said Dr. Ronald Ehrenberg, director of the Higher Education Research Institute at Cornell University. “We really need to step up and deal
with the finances of our institutions.”
Administrators also lamented the decline in graduate schoolapplications. They expressed concern about whether the academy will be able to attract a new generation to teach and lead the more than 4,000 colleges and universities across the country. Among minority students, the disparity appears even greater.
Currently, 49 percent of the nation’s higher education students are enrolled at community colleges. About 35 percent attend public, four-year schools, and about 16 percent attend private institutions. The college administrators at the TIAA-CREF conference pointed out that the public institutions, which primarily rely on funding from their state legislatures, are facing the largest financial deficits.
