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News
UIU
Does
Impossible; Thrives During Economic Turndown
Posted 4 February
2010
Upper Iowa University (UIU), Iowa’s largest private college, continues
to grow despite the recent turbulent economic times. The source of its
success is its diversified business model, which is piquing the
curiosity of many in the higher education industry as well as a record
number of students.
“There is no doubt we are bucking the trend right now,” said Dr. Alan
Walker, president of Upper Iowa University. “We are in the best
financial situation we have ever been in, enabling us to continue to
offer students the education and resources they need to graduate, then
succeed in such a competitive job market.”
Throughout his 30 years in higher education, Dr. Walker has never seen
such broad economic challenges. States across the country are reducing
support to state institutions, while private colleges are struggling to
maintain the portfolios of large endowments they rely on for their
operating budgets.
UIU has never had a large endowment, despite being a private,
independent university. Instead, it depends on a revenue stream that is
diversified with 18 U.S. and international centers and a thriving
online program. UIU’s online program is the university’s
fastest-growing area, increasing 25 percent a year to make it the most
profitable revenue stream.
“It’s not surprising to see a few for-profit institutions doing well
during a recession,” said Dr. Walker. “But as a non-profit university,
Upper Iowa is really in a league of its own.”
The combination of economic stability and diverse academic
opportunities has attracted a record number of students. UIU has seen
an 11 percent overall growth in enrollment over the past year, and
enrollment on the Fayette campus is up 40 percent from five years ago.
UIU is not only growing its student ranks, it is also growing the local
economy. Dr. Walker and other Upper Iowa leaders recognize that
economic development for its city and region is critical to continued
success and is devoting resources to that cause. For example, UIU is
offering up to $40,000 in grants to businesses willing to relocate to
Fayette, Iowa, or for existing businesses to expand. Upper Iowa is also
helping local businesses develop their e-commerce capabilities.
“UIU is proud to be part of the Fayette community,” said Dr. Walker.
“Helping to revitalize the region is a responsibility and hopefully one
way to help the economy get back on the right track.” |
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