North American colleges may be the most worried about their finances in part because they tend to rely more on auxiliary revenue, such as housing and dining, than colleges in other parts of the world, IAUP president-elect Fernando León García said during a call with reporters.
“The overwhelming model that is present in North America — in particular, the U.S. and Canada — in some way involves residential education,” he said. “In most other countries, you have residential education, but it is not the norm.”
