Public Policy 24, Section 1
The Future of Higher Education: Financial and Economic Perspectives (1 unit, P/NP)
Mr. Nathan Brostrom
Monday 5:00-6:00, Wada Hall, Unit 2 (All Purpose Room), Class number: 46643
The funding models for higher education, particularly for public colleges and universities, has been transformed over the past two decades as states have disinvested in higher education and these institutions have developed different funding and budgeting models to bridge the financial gap. This seminar will explore the myriad options that colleges and universities have pursued in developing new budget and financial models, including enrollment strategies, the leveraging of alternative revenues, more focus on balance sheet options, and cost containment efforts. The class will look at funding models for private and public colleges and university systems, with a particular focus on the University of California and its counterparts across the country. This evaluation of past options will inform the class as we discuss funding models for the future of higher education. No prior knowledge of economics is necessary for the class. This seminar is part of the Food for Thought Seminar Series.
Nathan Brostrom has served as the CFO or COO for the University of California since February 2010. The University has revenues totaling over $31 billion and includes ten campuses, five academic medical centers, and the Lawrence Berkeley National Laboratory. Nathan joined the University of California in 2006 as Vice Chancellor for Administration at the Berkeley campus. Before coming to UC Berkeley, Mr. Brostrom spent ten years as Managing Director and Manager of the Western Region Public Finance group for JPMorgan, where he worked on financings totaling more than $100 billion for municipal clients throughout the western United States. Over ten years, he worked on financings totaling over $4.3 billion for the Regents of the University of California. Mr. Brostrom graduated Phi Beta Kappa from Stanford University and holds a master's degree in public and international affairs from the Woodrow Wilson School at Princeton University. He and his wife Caitlin live in Berkeley with their six children, including five who will be attending college in the fall of 2017!