Finance: Page 10
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Tennessee State stayed afloat thanks to a $43M injection from the state. What comes next?
The public institution faces a fiscal crisis after past years of mismanagement and a history of underfunding from Tennessee.
By Ben Unglesbee • Nov. 18, 2024 -
Retrieved from Twitter on November 12, 2024
Christian Brothers University says its poised to come off accreditor probation
Facing a multi-million deficit, the private Catholic institution declared exigency and made major cuts. Now it says it’s on track to bank a surplus.
By Ben Unglesbee • Nov. 12, 2024 -
University of Akron braces for workforce cuts
The public Ohio institution’s president said that rising expenses and cuts in state appropriations have weighed on its budget.
By Ben Unglesbee • Nov. 5, 2024 -
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States are taking on fewer college costs. Who is picking up the bill?
The gap between what states and students pay toward higher ed shrunk from 2008 to 2022, the State Higher Education Executive Officers Association found.
By Ben Unglesbee • Nov. 5, 2024 -
The image by Webster University is licensed under CC BY-SA 3.0
Webster University to close its military campuses
A decade ago, the nonprofit based in Missouri had over 40 locations on bases. Now, it is shuttering its last nine.
By Ben Unglesbee • Nov. 1, 2024 -
Ohio’s Central State University placed under fiscal watch
Although enrollment remains strong, the historically Black institution has struggled with rising costs and the end of federal pandemic relief funds.
By Ben Unglesbee • Oct. 29, 2024 -
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Connecticut governor seeks probe into college system after ‘controversial spending’
The request follows a news investigation finding the Connecticut State Colleges and Universities’ leader spent public money on pricey meals and chauffeurs.
By Natalie Schwartz • Oct. 29, 2024 -
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The college affordability gap shrank during the pandemic, research suggests
National College Attainment Network research largely credits pandemic relief for the improvement, though that money has since dried up.
By Danielle McLean • Oct. 29, 2024 -
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Metropolitan College of New York looks to sell main campus amid financial woes
The private college plans to sell the space “either in whole or in part” as part of an agreement with bondholders allowing it to delay a $1.7 million payment.
By Natalie Schwartz • Oct. 28, 2024 -
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Low-income students work more amid rising college costs, analysis finds
Three-fourths of students from lower-income families worked by 2008, averaging 20 hours per week or more, a Brookings Institution report found.
By Ben Unglesbee • Oct. 24, 2024 -
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Vanderbilt University gets approval for $520M Florida graduate campus
The Tennessee university's expansion into West Palm Beach would bring billions in resources to the area, it said.
By Ben Unglesbee • Oct. 23, 2024 -
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Net tuition ticks up 2% at private colleges, declines at public institutions
The College Board found the price students pay after aid is still well below pre-pandemic levels even as sticker prices rise.
By Ben Unglesbee • Oct. 23, 2024 -
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Saint Louis University lays off 23 staffers, eliminates 130 positions
The private Catholic institution said the cuts were necessary to meet a commitment to reduce expenses by 4% and balance its budget
By Ben Unglesbee • Oct. 21, 2024 -
Nearly 90 Portland State University faculty face potential layoffs
The public university’s AAUP chapter has criticized leadership for turning to job cuts while spending on construction and has questioned its budget stance.
By Ben Unglesbee • Oct. 17, 2024 -
Western Washington University to nix about 55 jobs amid $18M budget cut
The public institution blamed the structural deficit in part on “lingering pandemic revenue shortfalls,” salary increases and inflation.
By Ben Unglesbee • Oct. 16, 2024 -
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Financial pressure grows for colleges, Fitch says
The credit ratings agency pointed to fluctuating demand and high costs for institutions, among other challenges.
By Ben Unglesbee • Oct. 15, 2024 -
Ben Unglesbee/Higher Ed Dive
The fallout: A two-part look at the University of the Arts’ closure and legacy
Higher Ed Dive traveled to Philadelphia to chronicle the lasting impact of a beloved arts education institution’s sudden demise.
By Ben Unglesbee • Oct. 14, 2024 -
3 Virginia universities face some viability risk
Radford University, University of Mary Washington and Virginia State University have struggled with enrollment or pricing challenges, or both.
By Ben Unglesbee • Oct. 10, 2024 -
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S&P: Community colleges lifted by improved enrollment and finances
After steep drops in student numbers during the pandemic, the sector has cause for optimism, analysts said.
By Ben Unglesbee • Oct. 10, 2024 -
Permission granted by Temple University
Deep DiveThe fallout: The University of the Arts saga lives on — will its legacy?
Temple University and others have absorbed former UArts students. But can they replace the unique urban arts institution after its demise?
By Ben Unglesbee • Oct. 9, 2024 -
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College competition and operational pain are the ‘new normal,’ S&P says
Margins are down, costs are up and tuition revenue is constrained after the pandemic exacerbated existing challenges, according to a recent report.
By Ben Unglesbee • Oct. 4, 2024 -
Baldwin Wallace University to cut 10 programs, lay off 28 employees
The institution added to reductions announced earlier this year as it works to balance its budget and manage recent enrollment declines.
By Ben Unglesbee • Oct. 2, 2024 -
The image by Jmh485 is licensed under CC BY-SA 3.0
Drexel University preps for workforce, benefits cuts after deficit balloons by $22M
The university blamed its financial woes on an enrollment decline, which leaders linked to the rollout of the new Free Application for Federal Student Aid.
By Ben Unglesbee • Oct. 2, 2024 -
The image by Blockguy101 is licensed under CC BY-SA 4.0
The next wave of college cuts is already here
Institutions continue to ax majors and lay off employees to cope with rising costs and constrained enrollment.
By Ben Unglesbee • Sept. 30, 2024 -
George Mason University’s law school faces $38M in running losses
Enrollment at the Antonin Scalia Law School has declined significantly from recent peaks while costs have increased.
By Ben Unglesbee • Sept. 30, 2024
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