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NACUBO Notes

June 2018


Leadership Preconference Workshops

The annual New Business Officers Program (NBO) and Future Business Officers Program (FBO) will take place over the course of two days, prior to the start of the NACUBO 2018 Annual Meeting to be held in Long Beach, Calif., July 21–24. These programs are immersive and interactive preconference workshops designed for new business officers and for individuals who aspire to the chief business officer position. 

New Business Officers Program 

An annual two-day preconference event scheduled for July 20–21, the New Business Officers Program is designed to provide resources, information, and guidance to those new to the chief business officer role within a higher education setting. This immersive workshop covers relevant issues—from the strategic to the tactical—to ensure success for every new chief business officer. 

NBO participants from member institutions are also eligible to participate in NACUBO’s yearlong mentoring program, created to support new chief business officers in achieving continued professional success. 

Throughout the two-day workshop, participants will have the opportunity to engage with experts and peers in the industry and discuss the nuances of the chief business officer role. An NBO participant from the 2017 class commented, “Being at my first NACUBO conference, I was impressed with how well it was organized, and its ability to bring excellent speakers.” Another participant from the same class shared that NBO is an “excellent program that gave me enough knowledge to ask the right questions when I got back to work.” 

An optional late-afternoon session will be offered on July 19, for those chief business officers who are not only new to their role, but also new to the higher education setting. This session will include best practices on navigating higher education culture, along with emerging issues and trends affecting the industry.  

Future Business Officers Program

“I loved the day and left rejuvenated about my desire to pursue a CBO position,” said one of the 2017 Future Business Officers attendees. 

This year’s FBO program, to be held on July 21, is a one-day program designed for business office staff members ready to gain the leadership skills and organizational perspectives necessary to become a chief business officer. Attendees of the program, through interactions with seasoned business officers and other education leaders, will gain an understanding of the complex role and responsibilities of the chief business officer position. In addition, participants will learn the importance of building peer networks within the higher education environment, and begin to develop a personal plan of action to prepare for a move to the next career level. 

Attendees at either program will earn CPE credits and do not need to register for the annual meeting to attend the workshops. For more information, visit www.nacuboannualmeeting.org. 


New Tuition Discounting Data

The annual NACUBO tuition discounting study measures the tuition discount rates and other indicators of institutional grant awards to first-time, full-time freshmen and all undergraduates who attend private, nonprofit colleges and universities. 

The 2017 NACUBO Tuition Discounting Study, released at the end of April and supported by EAB, includes data from 404 private nonprofit colleges and universities. The study revealed that the estimated tuition discount rate for first-time, full-time students in 2017–18 was 49.9 percent, a record high for the history of the survey. For every dollar in gross tuition and fee revenue collected from those freshmen, institutions used nearly half for financial aid in the form of grants, scholarships, and fellowships. 

Among all undergraduates, there was another record high with the estimated institutional tuition discount rate reaching 44.8 percent.

For analysis of the study and to learn more about the challenges for campus leaders as they weigh concerns about affordability against institutional financial longevity, read “Striking a Balance” in the May issue of Business Officer magazine. 

To purchase a copy of the study—no cost to staff at participating institutions—visit www.nacubo.org, click on the “Research” tab, and select “Tuition Discounting Study.” 


Plan to Attend Planning and Budgeting

Designed for business officers with planning and budgeting responsibilities, this program will address the latest techniques in higher education resource management, with topics related to financial reserves, program costing, integrating planning and budgeting processes, effectively communicating financial results, capital planning, resource allocation assessment, and more. 

To be held September 24–25 at the Omni Louisville Hotel in Louisville, Ky., attendees will learn approaches for using planning and budgeting as an agent for institutional change, strategies to address higher education resource management, and innovative planning and budgeting methods being practiced at colleges and universities. 

Presenters include experienced business officers and strategists, and attendees at the live event will be awarded 12 CPE credits in the categories of business management and organization, finance, and personal development. 

For more information and to register, visit the NACUBO website at www.nacubo.org and click on “Conferences & E-Learning.” 


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