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The Mortarboard
Higher Ed Spends $50B/Year On...Empty Space??
Released: Feb 2, 2021
According to Lumina Foundation, with enrollment dropping steadily and the majority of costs fixed, colleges and universities are currently spending $50B a year on space, services, and personnel they don't need, says Lumina CFO Brad Kelsheimer.
Higher Ed Spends $50B/Year On...Empty Space??: Lumina Foundation finds underutilization is a major and growing issue
