HIGHER EDUCATION BUBBLE UPDATE: CFO Survey Reveals Doubts About Financial Sustainability. “In a new survey by Inside Higher Ed and Gallup, barely a quarter of campus chief financial officers (27 percent) express strong confidence in the viability of their institution’s financial model over five years, and that number drops in half (to 13 percent) when they are asked to look out over a 10-year horizon. . . . And more than 6 in 10 CFOs disagree or strongly disagree with the statement that ‘reports that a significant number of higher education institutions are facing existential financial crisis are overblown.'”

Can I say I told you so? Because, you know, I did.

UPDATE: Oh, note this, too:

“The way I read this, they’ve been using a set of strategies to try to do what they already do better, but they’ve exhausted the bag of tricks they’ve been using to try to keep it all together. There’s not another rabbit in there,” Staisloff says. “They get that the business model isn’t working, but they don’t quite see the bridge to the next model. And they seem to have some concern that maybe there isn’t a bridge.”

Actually, as you read through all the responses, I’d say that these guys are more pessimistic than I am.