William Paterson University - Competitors

William Paterson University Competition

Now Viewing William Paterson University's competition in: Colleges and Universities (primary)

Recent Developments

School Construction Expands - US colleges and universities are investing in new facilities and renovations. The total value of higher education spending on construction jumped 27.7 percent to nearly $2.5 billion in March 2008 compared to the previous year. By category, construction spending on instructional buildings rose 26.3 percent; dormitories, 41.7 percent; and sports and recreation facilities, 37.5 percent.

Canadian School Revenue Sources - Revenue of Canadian colleges and universities is split nearly evenly between government and private sources. Of total revenue, about 55 percent is derived from government transfer payments, mainly from the provincial governments. Of non-government funding, slightly more than one-third comes from tuition and sales of goods and other services. About half of revenue is spent on education costs, and 20 percent is used for administrative expenses.

Covering Higher Operating Costs - US colleges and universities are charging students more to cover rising costs. The average price of tuition and fees increased 6.4 percent in April 2008 from the previous year; school housing prices rose 5 percent. Schools that don't raise their tuition and housing prices may suffer budget shortfalls and require additional aid from the government or other funding sources.

Competitive Landscape

Demand for higher education services is largely driven by population dynamics, but also by employer requirements. The financial success of schools is closely related to the number of students enrolled, because many costs are fixed. Public schools have the advantage of public funding and are typically larger than private schools. Small schools can compete effectively by providing a superior education.

Full Industry Overview For Colleges and Universities

Colleges and Universities Industry Forecast

from Hoover's/D&B subsidiary First Research

US personal consumption expenditures for higher education, a major driver for universities and colleges, are forecast to grow at an annual compounded rate of 4.3 percent between 2007 and 2012.

Consumer Spending Growth on Higher Education Steadies

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.