On a cost-cutting mission, Drew University has put all academic expenses off limits.
Reported by Inside Higher Ed, instead, Drew University has cut day care expenses, retiree health benefits, and public safety staff redundancies compared to peer institutions.
The goal is to prioritize student-facing spending, and even launch various new academic programs to prioritize growth in the short-term.
The takeaway? Many tuition-driven institutions are on the cost-cutting circuit right now. But few are taking Drew’s view of significant academic expansion while cutting everything else. And while every institution is different, it can be helpful to see what works and doesn’t for others while creating our own growth and expansion plans.
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
Have an Amazon Alexa-compatible product? Subscribe to our Enrollment Growth Briefing.