Finance: Page 12
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Retrieved from Tyler Ruffin / Wikimedia Commons.
A ‘hidden liability’: Colleges face up to $950B in capital needs, Moody’s says
Growing maintenance backlogs could spark more investment in facilities, but it will come at a heavy cost in a time of inflation, tight resources and uncertainty.
By Ben Unglesbee • Aug. 27, 2024 -
UC Santa Cruz turns to layoffs to grapple with $107M deficit
The shortfall in funds came in worse than projected for fiscal 2024 and is forcing the university to eat into its reserves.
By Ben Unglesbee • Aug. 23, 2024 -
Universities of Wisconsin president calls for $855M in new state funding
The public network’s leader unveiled a proposal to use a boost in funding to freeze tuition and increase employee salaries.
By Ben Unglesbee • Aug. 20, 2024 -
Courtesy of Keystone College
Keystone College agrees to merge with D.C.-based nonprofit
The agreement with the Washington Institute for Education and Research comes several months after a similar deal with the organization fell through.
By Ben Unglesbee • Aug. 19, 2024 -
Saint Augustine’s delays fall semester after damage from Tropical Storm Debby
The North Carolina college, already plagued by financial and accreditation struggles, said it needs time to restore power and electricity to some buildings.
By Ben Unglesbee • Aug. 16, 2024 -
Drew Angerer via Getty Images
State officials call for probe into Ben Sasse’s spending at the University of Florida
Spending at the president's office tripled year over year during Sasse's tenure, a student newspaper investigation found.
By Laura Spitalniak • Aug. 16, 2024 -
Over 30 tenured faculty face layoffs under University of Wisconsin-Milwaukee plan
The institution’s chancellor recommended closing a general studies college that supports two-year degrees.
By Ben Unglesbee • Aug. 15, 2024 -
Lackawanna and Peirce colleges to merge
Leaders of the two Pennsylvania-based nonprofit institutions say their programs, missions and markets are complementary.
By Ben Unglesbee • Aug. 14, 2024 -
The image by Kharris0317 is licensed under CC BY-SA 4.0
Catawba College gets second $200M donation in 3 years
The small North Carolina college has grown its endowment roughly seven times over since 2021.
By Laura Spitalniak • Aug. 13, 2024 -
"Western Illinois University" by Adam Moss is licensed under CC BY 2.0
Western Illinois University to cut nearly 90 faculty and staff roles
The public institution has been wrestling with rising costs, falling enrollment and a mounting deficit.
By Ben Unglesbee • Aug. 12, 2024 -
$238M gift promised to Florida A&M is deemed ‘fraudulent’
A damning 176-page independent review said officials could have avoided the fallout from the botched donation had they performed due diligence.
By Natalie Schwartz • Aug. 8, 2024 -
Retrieved from University of California, Davis on August 02, 2024
Universities face constraints in efforts to build more graduate student housing, Moody’s says
Affordable housing is a major need for the cohort. But rising construction costs are slowing projects, according to the ratings agency.
By Ben Unglesbee • Aug. 8, 2024 -
Drew Angerer / Staff via Getty Images
Bloomberg Philanthropies donates $600M to 4 historically Black medical schools
The charitable group is also giving $5 million to the Xavier Ochsner College of Medicine, which is slated to open in New Orleans.
By Natalie Schwartz • Aug. 6, 2024 -
"Frostburg State University" by KilgoreandJosy is licensed under CC BY-SA 4.0
Frostburg State University unveils multiyear plan to slash over $7M
The regional institution attributed the cuts in part to enrollment declines and the botched rollout of the Free Application for Federal Student Aid form.
By Natalie Schwartz • Updated Aug. 9, 2024 -
Getty Images
How 2U’s bankruptcy shed light on the company and OPM market
During the Chapter 11 process, the online program manager’s filings have shown the changes in its business trajectory over the course of the pandemic.
By Ben Unglesbee • Aug. 2, 2024 -
Ripon College to cover tuition for Wisconsin families making less than $75K
For in-state students over the income threshold, the private institution will match tuition at the state's public flagship.
By Laura Spitalniak • Aug. 2, 2024 -
The image by Infrogmation is licensed under CC BY-SA 2.0
University of New Orleans cuts over 70 positions
The institution is reducing its headcount, largely by eliminating unfilled positions, as it grapples with a multimillion-dollar deficit.
By Ben Unglesbee • July 31, 2024 -
Maddie Meyer / Staff via Getty Images
2U looks to pay $20.8M it owes to university clients during bankruptcy
Keeping its relationships on solid footing is critical to the company’s success during the Chapter 11 process and beyond, it said in court filings.
By Ben Unglesbee • July 30, 2024 -
Courtesy of 2U
2U looks to shed leases for office space amid bankruptcy
The online program management company said it already exited most of the office space after the coronavirus pandemic.
By Ben Unglesbee • July 29, 2024 -
Courtesy of 2U
Deep Dive
A look at 2U’s path to bankruptcy
The company bet big on online education during the pandemic by purchasing edX, but the gamble didn’t pay off as the health crisis eased.
By Ben Unglesbee • July 26, 2024 -
Courtesy of 2U
2U files for bankruptcy
The online program manager entered Chapter 11 with an agreement with lenders and bondholders that would halve its debt and provide new capital.
By Ben Unglesbee • Updated July 25, 2024 -
PASSHE chancellor to leave post in October
Dan Greenstein oversaw a major consolidation of six of the Pennsylvania system’s universities that aimed to put them on better financial footing.
By Ben Unglesbee • July 24, 2024 -
dkfielding via Getty Images
3 policy developments that college business officers should keep tabs on
Panelists at the National Association of College and University Business Officers’ annual meeting highlighted major changes coming down the pike.
By Natalie Schwartz • July 23, 2024 -
Win McNamee via Getty Images
Sen. Durbin calls on Education Department to protect students at 2 shuttering for-profits
Northwestern College and American Academy of Art College both announced closures in July in the senator’s home state of Illinois.
By Ben Unglesbee • July 22, 2024 -
Getty Images
Deep DiveSticker shock: A look at the complicated world of tuition pricing
Despite attention to lofty sticker costs, the practice of discounting has reached new highs, confusing students and straining revenue for institutions.
By Ben Unglesbee • July 22, 2024
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