March 24, 2014
Financially Strapped Colleges Grow More Vulnerable as Economic Recovery Lags
Photo by Tom E. Puskar
In more than 25 years in higher education, Stephen R. Storck doesn’t remember things ever being this hard.
Mr. Storck, who became vice president for business operations at Ashland University in August 2013, is trying to stabilize the future of the 5,979-student private institution in northern Ohio, which faces struggling enrollment, rising debt, limited financial liquidity, and turnover in its enrollment and fund-raising personnel.
"The downturn in the financial market,