Finance: Page 10

  • An aerial view of Hampshire College's campus, in Massachusetts.
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    Hampshire College president to depart after yearslong turnaround push

    Ed Wingenbach is set to take the helm of the American College of Greece after leading the Massachusetts nonprofit back from the brink.

    By • Jan. 22, 2025
  • A sign on the campus of the University of New Orleans with the institution's name.
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    "University of New Orleans Gate Plaque" by Result02 is licensed under CC BY-SA 4.0
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    University of New Orleans turns to furloughs to plug $10M budget hole

    Officials at the public institution blamed falling enrollment, rising costs and a culture of nonpayment among students for ongoing financial woes.

    By • Jan. 21, 2025
  • Photo of a red and blue flag in front of a stone building.
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    Ben Unglesbee/Higher Ed Dive
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    University of the Arts unloads 2 buildings for $10.3M in auctions

    The nonprofit Curtis Institute of Music beat out a local real estate developer and Temple University for one of the shuttered arts college’s iconic buildings.

    By • Jan. 16, 2025
  • A building on the campus of Webster University.
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    The image by Marcus Qwertyus is licensed under CC BY-SA 3.0
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    Webster University touts financial turnaround

    A year and a half ago, the private Missouri institution’s sustainability was in doubt. But enrollment increases have led to steep improvements in its finances.

    By • Jan. 16, 2025
  • University of the Arts sign on campus in brass lettering.
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    Ben Unglesbee/Higher Ed Dive
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    Pennsylvania AG argues Temple should win bid for UArts building

    Attorney General Michelle Henry said Temple University's bid should take priority over a $6.5 million offer from a Philadelphia real estate developer.

    By • Jan. 15, 2025
  • A student walks through UCLA.
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    Kevork Djansezian via Getty Images
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    California university systems warn of dire effects from governor’s proposed cuts

    California State University and University of California would see hundreds of millions of dollars in reduced funds in the governor's latest budget proposal.

    By • Jan. 13, 2025
  • Photo of a red and blue flag in front of a stone building.
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    Ben Unglesbee/Higher Ed Dive
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    University of the Arts lands $8.3M in bids for 2 buildings

    A Philadelphia real estate player and area theater nonprofit are among the first buyers to step up for the closed arts college’s iconic properties.

    By • Jan. 10, 2025
  • Yellow and purple flags on polls on a college campus
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    The image by Wnmunews is licensed under CC BY 3.0
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    State AG looks to halt $1.9M payment to Western New Mexico University president

    Joseph Shepard resigned amid scrutiny over his spending of university money. The attorney general called his severance package “a gross misuse of funds.”

    By • Jan. 7, 2025
  • Campus with red tile roofs and white stucco buildings against backdrop of mountains.
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    The image by Wnmunews is licensed under CC BY-SA 3.0
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    Top regents at Western New Mexico University depart amid state scrutiny

    Gov. Michelle Lujan Grisham called for the entire board to resign after a state audit found "a concerning lack of compliance" with university spending policies.

    By • Jan. 6, 2025
  • A carved wooden statue of a bear sits on top of the NACUBO logo.
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    Rick Seltzer/Higher Ed Dive
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    Q&A

    How NACUBO is helping colleges navigate choppy financial waters

    Top leaders of the National Association of College and University Business Officers share how they hope to reenvision the role of college executives.

    By • Jan. 6, 2025
  • View of red brick Keystone College building in the evening
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    Courtesy of Keystone College
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    Keystone College staves off accreditation loss for now

    The financially troubled Pennsylvania nonprofit will retain its status as its accreditor hears its appeal.

    By • Jan. 2, 2025
  • Stack of credit cards spread out
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    Audit sheds light on state-issued credit card misuse in the Connecticut college system

    Chancellor Terrence Cheng showed poor judgment when using an institutional credit card to make purchases but didn't violate system policy, the audit found.

    By • Dec. 19, 2024
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    Brown University to slow faculty, staff growth as it attacks $90M budget hole

    The Ivy League institution is rolling out several measures to tackle the deficit over the next five or so years, officials said.

    By • Dec. 18, 2024
  • Lighted awning outside Columbia College Chicago building
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    The image by Mireiacardona is licensed under CC BY-SA 4.0
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    Columbia College Chicago to cut 11 programs, up to 25 faculty jobs

    A finalized plan to pare down and consolidate the private nonprofit’s offerings is meant to “keep our college competitive,” its president said.

    By • Dec. 18, 2024
  • Edington stands on stairs surrounded by students in UDC gear
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    Permission granted by University of the District of Columbia
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    Deep Dive

    Inside University of the District of Columbia’s plan to transform

    The historically Black college — Washington's only public university — wants to widen its appeal and raise its profile.

    By • Dec. 17, 2024
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    College operating costs rose 3.4% in fiscal 2024

    Commonfund Institute’s latest Higher Education Price Index shows that cost spikes slowed — but that doesn’t make them any less painful.

    By • Dec. 16, 2024
  • Aerial view of Saint Augustine's campus.
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    The image by SAUFalconsWiki is licensed under CC BY 4.0
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    Saint Augustine’s University fights for its accreditation — again

    The struggling private nonprofit said it plans to appeal a vote to remove its accreditation by SACSCOC for the second time in roughly a year.

    By • Dec. 11, 2024
  • College campus in the summer
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    How will colleges fare financially in 2025? It depends.

    While some institutions will be in a strong position, S&P and Moody’s both pointed to operating and financial challenges for others.

    By • Dec. 9, 2024
  • Large sign for the college broken by windows across multistory building in city environment.
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    The image by Joe Mabel is licensed under CC BY 3.0
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    Seattle University plans to acquire arts college

    Cornish College of the Arts, in Washington, would retain its campus and be renamed under the Catholic university's banner, the institutions announced.

    By • Dec. 6, 2024
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    College closures could increase sharply in the face of the demographic cliff

    A new model for predicting financial failures from the Philadelphia Fed aimed to produce the most accurate forecasting to date of at-risk colleges.

    By • Dec. 5, 2024
  • Rows of empty chairs in a modern-looking classroom.
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    No letup in financial pressure on colleges in 2025, Fitch says

    A declining body of first-year students, uncertain international enrollment and high costs are weighing on many institutions, the ratings agency said.

    By • Updated Jan. 14, 2025
  • College students climb up the stairs to a campus building.
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    How equitable is funding for public colleges?

    Colleges with low shares of students of color receive the highest levels of funding, research finds. 

    By • Dec. 4, 2024
  • Brick building with green round sign out front.
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    The image by Dave Parker is licensed under CC BY 3.0
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    Union raises alarm about looming layoffs and course cuts at University of Michigan-Dearborn

    Final decisions are expected later this month on changes that could come before the winter semester.

    By • Dec. 3, 2024
  • View of red brick Keystone College building in the evening
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    Courtesy of Keystone College
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    Keystone College could lose accreditation after MSCHE vote

    Middle States Commission on Higher Education found that the Pennsylvania institution failed to show it can sustain itself.

    By • Nov. 27, 2024
  • The Norton Campus Center at Birmingham-Southern College
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    The image by Jwrandolph is licensed under CC BY-SA 3.0
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    Birmingham-Southern College campus sale falls through

    Miles College asked to extend a purchase agreement for the property, but trustees of the shuttered college said they must sell the campus quickly. 

    By • Nov. 27, 2024