Central State University (CSU), a historically Black university in Wilberforce, Ohio, is setting its sights on a brighter financial future. After several years under the scrutiny of “fiscal watch,” the university is implementing a strategic plan aimed at achieving financial stability within the next 18 months.
The “fiscal watch” designation, imposed by the Ohio Department of Higher Education, signifies a university’s financial vulnerability. CSU has been grappling with a shrinking enrollment and budget cuts, leading to concerns about its long-term sustainability. However, university officials are optimistic about the future, fueled by a renewed focus on strategic planning and enrollment growth.
“We are committed to building a more resilient and sustainable future for Central State University,” said Dr. Jack Thomas, CSU President. “Our plan encompasses multiple initiatives, including streamlining operations, diversifying revenue streams, and aggressively pursuing enrollment growth.”
CSU’s plan includes a comprehensive review of its academic programs to ensure alignment with market demands and student needs. Additionally, the university is focusing on expanding its online offerings, attracting new students, and collaborating with local businesses to create internship and job opportunities for its graduates.
The university is also working closely with alumni and community partners to secure additional funding and resources. “We are confident that by working together, we can overcome these challenges and build a stronger Central State University for generations to come,” said Dr. Thomas.
The next 18 months will be critical for CSU‘s financial stability. The university’s success hinges on its ability to execute its plan, attract new students, and secure the necessary funding. If successful, CSU will not only emerge from “fiscal watch” but also set a strong foundation for a thriving future.
