CBOs Cite Financial Strain and Enrollment Declines

Chief business officers (CBOs) in higher education are experiencing significant financial pressures and concerns over declining student enrollment, according to a survey released on July 16, 2026. The survey, conducted by Inside Higher Ed, highlights that these two issues are the primary worries keeping CBOs awake at night.

Financial sustainability emerged as the top concern, with many institutions grappling with budget deficits and the rising costs of operations. This includes challenges in maintaining adequate funding for academic programs, faculty salaries, and essential campus infrastructure. The economic climate and unpredictable revenue streams are contributing to a sense of uncertainty about the long-term financial health of many colleges and universities.

Closely following financial concerns is the persistent issue of declining student enrollment. This trend impacts tuition revenue, which is a critical source of funding for many institutions. CBOs are actively seeking strategies to attract and retain students, including innovative recruitment efforts and enhanced student support services. The demographic shifts and increased competition from other educational providers are cited as contributing factors to this enrollment challenge.

The survey also touched upon other areas of concern for CBOs, including the increasing complexity of regulatory compliance, the need for technological upgrades, and the ongoing demand for skilled staff. However, the overarching sentiment points to a challenging financial landscape and a competitive enrollment environment as the most pressing issues facing higher education leadership today.