Deciding among financing options.
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In analyzing the costs of optometric education, it becomes apparent that the cost of operating the educational institution far exceeds the cost of providing the optometric education. A recent survey also indicates that there are rather striking differences in the cost of operating state-sponsored vs. private programs. It is necessary, therefore, to seek alternative sources of funding optometric education rather than relying on annual tuition escalation to cover increasing costs. Such sources include: realistic fees for clinic program services; various forms of state grants, private institution programs, tuition subsidies; foundations; gifts; "industrial partnerships" outside the ophthalmic field; and innovative financing.
Despite persistent rumors of a "credit crunch," tax-exempt financing remains a viable source of capital for many hospitals that can't obtain investment-grade ratings. In fact, say experts, there's still strong investor interest in debt issued by lower-credit quality hospitals.
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