BGSU hires consulting firm to help close projected deficit - Toledo News Now, Breaking News, Weather, Sports, Toledo

BGSU hires consulting firm to help close projected deficit

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BOWLING GREEN, OH (Toledo News Now) -

Bowling Green State University is facing a financial challenge.

BGSU President Mary Ellen Mazey says operating costs need to be reduced.  To accomplish that, BGSU is hiring a company called Accenture.

Dr. Mazey estimates the school will face a $3 to $10 million deficit over the next 2 to 3 years. That could be covered by generating more revenue, reducing expenses or a combination of both.

"We're in a climate today where student tuition has become very high, student debt is high and it's time for us to look at our organization to see how we can increase revenue and lower costs without having a negative impact on our students," said to Dr. Mazey.

Mazey says Accenture will evaluate the university's operating structure. Recommendations will then be made on how to streamline operations in both the short and long term.

"I think that we'll be looking at how we serve our students and our various systems within the university and how we use technology to better serve our students," said Dr. Mazey.

Faculty and staff have been notified about the Accenture study.

"If we do need to reduce our staff, we're going to try to do the best we can through attrition," said Dr. Mazey.

The Accenture study begins next week.  Recommendations will be released in December.

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