The Financial And Operational Health Of A New 100 Bed Residence Facility

One weakness of CCM is its cost compared to other public two year colleges in New Jersey. The tuition of the County College of Morris from 2015-2016 is higher than most other public two year college, the disparity being as high as $2903 for out-of-state tuition (State of New Jersey Office of Secretary of Higher Education). Another weakness of CCM is the poor customer service. There are recurring complaints about the institution’s phone service. It seems that often when students call the school, regardless of the urgency of their situation, it is difficult to contact an administrator. Also, administrators are known to be short, unfriendly, and impolite to students over the telephone. Customer service is very important as students need to feel supported. This lack of support may result in a lower retention and academic performance which would reflect negatively on the college. Lastly, CCM lacks a flexible payment plan making it difficult for economically challenged students to meet tuition costs. Though located in the 9th county in the United States with the highest median income, the County College of Morris should make a greater effort to accommodate the minority of students who have trouble meeting the tuition costs

“College Prices Soar Again!” “Budget Cuts Cause Even Higher Tuition!” “Higher Education Now Even Less Affordable” These are all statements that have been seen all over the media: newspapers, magazines, television, and radio. (3 SV: SV) Rising college tuition in America has been a problem for years. Many students drop out after a single year due to the pricey costs of tuition. The rapid rise can be attributed to many aspects of the economy, not just a single source. There have also been some propositions of how costs could be lowered, but these have yet to be seen. The United States has gone into a tuition crisis.

Tuition cost plays a vital role in deciding whether to attend a community college or a four year institution. According to Susan Stafford, “Tuition for community colleges is affordable while tuition costs at public institutions are usually at least twice that of a community college” (1). The tuition cost in universities can be overwhelming and highly unaffordable, This have caused many students to graduate with s heavy loads of debt but by attending a community college, an individual can

In light of the vast and increasing amount of complaints that the cost of college is too “expensive”, although true since the cost of college has increased by an exponential amount since the days such were established, the monetary value of any college in general is built upon various necessities to which these college shall offer (i.e. room and board, books, meal, etc.) (Issue & Controversies). Not only do these main components contribute to the growth of student debt but the tuition of the school plays a part as well. Schools install tuitions within their teaching programs in order to fund for a variety of resources. The teachers for one are the fundamental part of this payment process since most universities attempt to hire and rehire the best staff available to them in order to provide a healthy

The impact of higher tuition rates on students has been significant in that the burden of paying for college has fallen increasingly on them. Furthermore, it is not only the cost of tuition that is rising. Students are also faced with rising costs of housing, textbooks, and other essential expenses associated with attending college. From December 2001 to November 2010,

The Consolidated Operating Margin for April resulted in a gain of $699K or a 5.6% margin. The operating margin variance was favorable by $116K when compared to the budgeted operating margin gain of $583K or 5.0%. The leading indicator for April’s better than budgeted performance was higher than budgeted Patient Revenue and a favorable payor mix.

This paper will discuss community colleges, and their importance to the American Higher Education System. The author of this paper will also attempt to provide an overview of enrollment trends and the makeup of the American Community College; further this paper will summarize some pivotal discussion items from the Cohen & Kisker, (2010) text to give the reader a board understanding of key points.

Every American college student must be familiar with financial aid because majority of undergraduate students receive financial assistant in form of grans, Federal Work-Study, federal loans, and federal tax credits program and tuition deductions. According to the “Trends in Financial Aid 2014”, in 2013-14 there were 238.3 billion available to financially support undergraduate and graduate students’ education. The financial support makes people believe that the support for American college students is as remarkable as the American higher education’s academic reputation. However, the most frequently discussed higher education policy issue is always cost. The skyrocketing tuition, huge student debt and large student loan default rate raise

When I arrived at Motlow State Community College nine years ago, the first building on the Motlow Smyrna campus had just opened its doors to serve Rutherford County residents. Very quickly, the enrollment grew to be greater than the space available. I knew that more space and programs were needed, but I had no idea that unprecedented changes would suddenly occur to the economy and stock market.

We find out that research of student response to changes in university due to prices tuition finds that it is demand inelastic. The elasticity of demand informs enrollment management practices. An increase of tuition would lead to a decrease in tuition revenue if demand in elastic because the enrollment decreases more than offsets the tuition increase. The part of the inelastic demand is when the enrollment decline is relatively small and tuition revenue rises.

Like any other state, South Carolina is suffering an economic downturn. One of the problems is that the state has a financial obligation to cover federal programs such as Medicaid and Medicare. This leaves the state with little to no funding for other state services. One of those state services includes higher education. Since most of the money that funds colleges and universities comes from the state and federal government, if that money is cut, the institutions have to find other means to gather the money they need. When this occurs, it makes higher education unaffordable for state residents. Besides causing tuition rates to rise, budget cutting causes institutions to cut programs and services, cancel professional development opportunities for faculty and staff, delay necessary facility renovations and construction, lay off employees etc. Due to this, it leads many to believe that budget cutting causes a decrease of quality for higher education. The purpose of this research article was to prove that it is difficult to maintain the quality of higher education while losing valuable resources. Brinkman and Morgan designed the study to identify a potential correlation between the budget cuts and the quality of South Carolina higher education.

In order to operate and sustain despite the decline in federal funding, HBCUs must find strategic ways to bring in more dollars. For most of these institutions, raising tuition is not a viable option. HBCUs are positioned as low-cost institutions that provide access students with low-incomes, and tuition hikes could lead to declines in enrollment. Students, typically within HBCUs' enrollment pool due to low income status, would not be able to pay, and other students would have to borrow more money to attend. (Clay, 2013). Additionally, most HBCUs would not be able to expand their scholarship offerings to make up for the tuition increase, and scholarships are needed in order to compete for the best and brightest students (Clay, 2013). To fill

A common debate within an organization is revenue. Whether it be a price hike on an item or a service, it is something that is debated often. Many Universities each year commonly want to determine if it is plausible to raise tuition for quality educational services. When conversing about a surge in tuition, the concerns that come about are, affordability, institutional expenses, educational services, and other university goals. Nonetheless, what is evident is will an increase in tuition have a negative or positive impact on future enrollment? This paper examines the question stated and analyses the circumstances created by changing tuition prices and will it root the revenue to rise, fall, or remain the same. As a final point, a proposition

Operating profit margin figures in the table above show the return from net sales[13]. However profit margin ratios are high enough for the 3 years, there is a fall from 12.86% to 11.26% during 2011-12. Sales revenue increases with a higher rate than gross profit so there is a poor

In other words, the operating margin ratio establishes how much revenues are remained after all the variable or operating costs have been paid. On the other hand, this ratio shows what balance of revenues is available to compensate non-operating costs like interest expense. This ratio is essential to both creditors and investors because it helps show how strong and profitable a company's operations are. For an instance, a company that gets 30 percent of its revenue from its operations implies that it is running its operations smoothly and this income supports the company. It also means this company looks on the income from operations. If operations start to downslope, the company will have to find a new way to generate