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Financial Sustainability Services for Higher Education

FORVIS can help your institution make informed operational decisions, operate sustainably, and prepare for what’s next.

Using data to help fuel your decisions & further your mission

As the cost of providing education continues to rise while funding sources decline, many higher education institutions are exploring new business models for improved financial sustainability. Our higher education consulting professionals are dedicated to assisting institutions as they face these challenges and more. We have the skills and knowledge to help you operate sustainably and prepare for what’s next. to find out how FORVIS can help your institution make informed operational decisions and better meet student demands and workplace needs.

Program Economic Analysis

FORVIS’ Program Economic Analysis allows you to visualize your data and gain insight into which programs are making money and which aren’t, so you can make strategic, data-informed decisions that can help create efficiencies in your academic portfolio to balance program offerings.

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Financial & Scenario Modeling

Understand the financial impact of your current business model and initiatives you are planning over the next several years with this dynamic, agile forecasting resource. Giving you the ability to create, manage, and visualize different assumptions and initiatives can help provide leadership with real-time analysis and integrated presentations of financial statements, cash flow projections, and ratio analysis.


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Financial Benchmarking & Health Assessment

Do you need help understanding your student co-curricular, support service, and administrative support costs? Our internal and external benchmarking reports are designed to help you potentially bend the cost curve by providing insight into the operational and salary structures of various departments based on total dollars and dollar per student enrollment. In addition, they can help you understand your financial strength and spot trends in your financial health.

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Higher Education Benchmarking

Gain insights from the Integrated Postsecondary Education Data System (IPEDS) data in a sophisticated, time-saving platform. This tool helps you drill down and compare benchmarking metrics in an interactive way, giving you flexibility to perform comparative analysis, analyze trends, and evaluate metrics far beyond standard IPEDS Data Feedback Reports.

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Consulting Services

FORVIS can provide customized consulting services to assist academic and administrative leaders in making sound operational and strategic decisions. Services include custom benchmarking reports, assistance with project management, helping facilitate board and faculty communication, providing a financial sustainability assessment, and more. These services can be tailored to the needs of your institution and delivered in one-to-one or workshop formats.

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2023 Annual Higher Education Outlook

The focus of this year’s Outlook is turning the one-time gains from the pandemic into positive economic momentum. Some of this activity also carried into FY 2022, including ERC being harvested. Knowing this largesse will end shortly is a reminder that forward vision is more important than ever.

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