In this day and age, every penny saved counts. One story that I've wanted to talk about for some while is that of how there is increased public scrutiny over college costs - and what colleges are doing to keep them down. Let's face it, it's expensive to run an institution of higher education - even one like Multnomah which operates with minimal staffing and even less physical overhead.
One Big Difference Between Publics & Privates
Recently, almost all public institutions (including community colleges) have announced sizeable increases in their tuition and operating expenses - and have lobbied for more taxpayer support (And why not? It's even more expensive to run a major public research institution).
As you may know, private independent institutions are not subsidized by public money. The good part about this is that it forces us to tighten our belts when the times get tough and endowments take dives with the stock market. This can be a very healthy thing, forcing us to focus more on achieving our mission efficiently.
The Charge of Stewardship
Instead of passing all the costs on to students and their families or asking donors to throw more money at the operation (although, we'll gladly talk to any donor willing to contribute!) we have to trim expenses and make wise moves to demonstrate good stewardship with an eye toward future health. At Multnomah, this stewardship principle takes on a whole new meaning, because we know it is not "our" operation to begin with - we are only taking care of what God has charged to us.
But Not Just Multnomah
Multnomah belongs to an organization called the Oregon Independent Colleges Association (OICA). As a collective, it has become a mantra to show a commitment to keeping cost increases to an absolute minimum. Recently, OICA sent out a news release that gave a brief overview of what these institutions are doing.
Also, don't forget about our new Tuition Relief Scholarship we announced after this press release went out.