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An organization that works with college and university governing boards and conducts presidential and executive searches is now branching out and beginning a consultancy for what is perhaps the most scrutinized area of higher education: colleges' financial well-being.
The Association of Governing Boards is launching AGB Institutional Strategies, which will advise colleges and universities on revenue and cost models during an era in which Moody's credit rating agency predicts a doubling of college closures.
AGB's leader, Richard Legon, said in a press release that 80 percent of AGB's member presidents report that colleges and universities need help in addressing their business models. "AGB Institutional Strategies was created to help our members with both cost and revenue challenges and to be a resource regarding new business models," he said. While it's the newest firm to the scene, the AGB consultancy is far from the only firm that aims to advise colleges on their business models.
