Finance: Page 12
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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 -
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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 -
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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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Miles College to buy shuttered Birmingham-Southern’s campus
Just miles apart, both institutions struggled with declining enrollment in recent years. But Birmingham-Southern couldn’t rebound financially.
By Ben Unglesbee • Sept. 26, 2024 -
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Rising costs, student debt turn graduate degrees into a ‘risky’ proposition, research finds
Georgetown University researchers said that tuition and fees tripled over two decades, while earnings prospects remain uneven.
By Ben Unglesbee • Sept. 26, 2024 -
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How colleges can close the persistent wage gap
Experts pointed to pay audits, pay transparency, standardizing promotions and improving workplaces as ways to tackle the issue.
By Danielle McLean • Sept. 26, 2024 -
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Arizona State to add tuition surcharge, close 1 campus after state funding cuts
With a $24 million reduction in public funds, the Arizona university warned of impacts to students.
By Ben Unglesbee • Sept. 24, 2024 -
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Could a new Pell program eliminate racial disparities in student debt?
A wealth-based supplemental financial aid program would even the playing field for Black and Latine students, a new analysis shows.
By Laura Spitalniak • Sept. 24, 2024 -
3 Western Michigan U faculty unions vote no confidence in president
The resolution comes amid threats of a labor strike after protracted negotiations over compensation and healthcare.
By Ben Unglesbee • Sept. 23, 2024 -
UMGC sued over Coursera payments
National Student Legal Defense Network took aim at “enrollment-based” compensation the university gives the company — and the guidance allowing for it.
By Ben Unglesbee • Sept. 20, 2024 -
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Dartmouth College to pour $500M into student housing
The Ivy League institution is building its first new residences in 20 years and modernizing others, with help from a big donation.
By Ben Unglesbee • Sept. 18, 2024 -
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Gannon University and Ursuline College eye a combination
The two private Catholic institutions signed a letter of intent that would bring the Ohio-based Ursuline under the umbrella of Gannon, in Pennsylvania.
By Ben Unglesbee • Sept. 17, 2024 -
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Hartwick College to slash sticker price to $22,000
Leaders at the private liberal arts college said the move is part of a broader goal to decrease student stress and improve campus well-being.
By Laura Spitalniak • Sept. 17, 2024 -
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University of the Arts files for bankruptcy
The Philadelphia institution’s Chapter 7 comes after it abruptly closed this summer and its merger talks with Temple University fell through.
By Ben Unglesbee • Sept. 16, 2024 -
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Columbia College Chicago looks to cut 10 programs, consolidate others
The private institution is trying to pare 58 undergraduate majors down to 40 and stem its bleeding budget.
By Ben Unglesbee • Sept. 13, 2024 -
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2U emerges from Chapter 11 bankruptcy
The online program manager has reorganized as a private company after shedding over $500 million of debt in bankruptcy.
By Ben Unglesbee • Updated Sept. 16, 2024 -
Wittenberg University to cut 5 majors, 40 employees
The Ohio-based nonprofit is eliminating staff and faculty roles as it tries to balance its budget by fiscal 2027.
By Ben Unglesbee • Sept. 10, 2024 -
Courtesy of The University of Dayton
University of Dayton to shed faculty, weigh program cuts
The private institution has avoided deficits and steep enrollment declines, but wants to maintain ‘relative institutional strength.’
By Ben Unglesbee • Sept. 9, 2024 -
Cal State San Bernardino braces for budget cuts amid $1B system deficit
With cuts and delays in state higher ed funding, the campus is grappling with a “devastating” budget crisis, its president said.
By Ben Unglesbee • Sept. 6, 2024 -
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University of Iowa employee bilked nearly $1M from campus machine shop, audit finds
A manager of the shop used staff and equipment to do work on behalf of a business he owned, according to a state auditor report.
By Ben Unglesbee • Sept. 5, 2024 -
Rider University cuts student newspaper budget amid wider reductions
The New Jersey-based private nonprofit has been struggling with declining enrollment and is trying to shrink operating deficits.
By Ben Unglesbee • Sept. 5, 2024 -
Retrieved from Oakland University on September 04, 2024
Oakland University averts faculty strike with tentative deal
With negotiations in mediation and a potential work stoppage looming, the Michigan institution agreed to raises for faculty over the next five years.
By Ben Unglesbee • Sept. 4, 2024 -
Two Michigan universities face potential faculty strikes
Unions at Oakland University and Western Michigan University are pushing their institutions for better compensation amid an uptick in labor stoppages across industries.
By Ben Unglesbee • Updated Sept. 4, 2024
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