Michael Townsley holds a bachelors degree from Purdue University, a Masters of Arts from the University of Delaware, and a Ph.D. from the University of Pennsylvania. Townsley was the Chief Financial Officer and Senior Vice-President at Wilmington College in New Castle, Delaware. Subsequent to Wilmington College, he was President of the Pennsylvania Institute of Technology in Media, Pennsylvania and a Full Professor of Business at Becker College in Worcester, Massachusetts. Dr. Townsley has authored these books: Crisis in Higher Education, Financial Strategy for Higher Education, Weathering Turbulent Times, The Small College Guide to Financial Health Beating the Odds. Recently, he published a biography of Steve Hannagan, a pioneer in marketing and public relations. In addition, he has contributed chapters and numerous articles on finance, management, IT systems for financial management, and higher education marketing.