ABSTRACT
Many small colleges and universities have been managing in the midst of uncertainty, and often austerity, in recent years. Some are facing immediate financial challenges. Others are running unsustainable structural deficits that presage serious consequences for the future. And as we have seen, to build a viable long-term future, most must also realize fundamental change; change that adapts to the evolving realities of cost, demographics, markets, and emerging technology; change that recognizes these issues are not short term or temporary, but long term and structural.
