Finance: Page 12
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Idaho lawmakers could put University of Phoenix deal at ‘grave risk,’ official says
A member of the state’s education board told legislators that taking legal action — as threatened in a pending resolution — could imperil the transaction.
By Natalie Schwartz • Feb. 29, 2024 -
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Albert Einstein College of Medicine will go tuition free after $1B donation
The Bronx institution will make the change in August, and it will reimburse all fourth-year students for their spring 2024 semester tuition.
By Lilah Burke • Feb. 26, 2024 -
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Pell Grant program faces a potential budget crisis, fiscal policy group says
The Committee for a Responsible Federal Budget estimated that the federal aid program could see a shortfall as high as $95 billion over the next decade.
By Lilah Burke • Feb. 23, 2024 -
Courtesy of Eastern Gateway Community College
Eastern Gateway Community College to pause enrollment for all students after spring 2024
The break is intended to give the institution time to resolve ongoing financial difficulties partly stemming from financial aid restrictions.
By Laura Spitalniak • Feb. 23, 2024 -
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US colleges received $58B in philanthropic support in FY23
It’s the second-highest level of giving on record, despite representing a 2.5% decline from fiscal year 2022.
By Natalie Schwartz • Feb. 21, 2024 -
The image by Clarinetguy097 is licensed under CC BY-SA 4.0
Staff cuts loom over Concordia University Wisconsin and Ann Arbor
The two campuses need to address operational deficits, the institution’s president recently told employees.
By Laura Spitalniak • Feb. 16, 2024 -
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How the value of the 20 largest college endowments changed last year
Johns Hopkins University’s endowment clocked a major increase in fiscal year 2023, though several others saw declines in their market value.
By Natalie Schwartz • Updated Feb. 15, 2024 -
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Endowment returns averaged 7.7% in fiscal 2023
Strong public equity markets buoyed returns, found the National Association of College and University Business Officers and Commonfund.
By Natalie Schwartz • Updated Feb. 15, 2024 -
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FAFSA delays could create enrollment uncertainty and budgetary challenges, S&P says
Minority-serving institutions and colleges with large shares of low-income students will likely be hit hardest, analysts said.
By Laura Spitalniak • Feb. 14, 2024 -
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Education Department to ease FAFSA verification requirements this year
The agency is temporarily rolling back administrative requirements as colleges grapple with an abridged financial aid timeline.
By Laura Spitalniak • Feb. 13, 2024 -
The image by Jwrandolph is licensed under CC BY-SA 3.0
Birmingham-Southern could get second chance at state bailout
An Alabama bill would install a new loan administrator to replace the state treasurer, who denied the college's application for $30 million.
By Laura Spitalniak • Feb. 7, 2024 -
Retrieved from The Office of Gov. Josh Shapiro.
Pennsylvania governor pitches sharp funding increase for higher education overhaul
Josh Shapiro, a Democrat, proposed a 15% funding bump for the state’s public university system and its community colleges.
By Laura Spitalniak • Feb. 6, 2024 -
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Does completing college influence borrowers’ ability to pay back their loans?
Students who didn’t complete their studies collectively owed more four years after entering repayment than they originally borrowed, a new analysis finds.
By Laura Spitalniak • Feb. 2, 2024 -
(2007). "Fountain UNCG" [Photograph]. Retrieved from Wikipedia.
UNCG chancellor makes final call to cut 20 academic offerings
The public university’s leader pointed to “current conditions and the higher education landscape” as reasons for the program eliminations.
By Natalie Schwartz • Feb. 1, 2024 -
UNC Greensboro administrator resigns in protest of planned academic cuts
Associate Dean Charles Bolton bashed officials, saying they lacked transparency in their moves to potentially drop 19 academic offerings.
By Jeremy Bauer-Wolf • Jan. 25, 2024 -
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University of Connecticut proposes multi-year reductions to address looming $70M deficit
Faculty have balked at the plan, which calls for a 15% cut in operating support budgets over the next five years.
By Natalie Schwartz • Jan. 25, 2024 -
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Penn State plans nearly $100M in cuts for FY26 budget
Officials said the plan is meant to right the university’s finances as it grapples with enrollment declines and long-term budgetary challenges.
By Lilah Burke • Jan. 24, 2024 -
SayCheeeeeese. (2007). "Goddard College Clockhouse" [Photograph]. Retrieved from Wikimedia Commons.
Goddard College to move exclusively online — for now
Changes will lead to some staff layoffs, administrators at the Vermont private nonprofit institution said.
By Jeremy Bauer-Wolf • Jan. 24, 2024 -
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Spelman College receives record $100M gift
The institution’s officials said the donation is the largest single gift ever given to a historically Black college or university.
By Natalie Schwartz • Jan. 18, 2024 -
Retrieved from The University of North Carolina at Greensboro/Facebook on December 01, 2023
UNC Greensboro looks to cut 19 academic offerings
Recommended program eliminations span from foreign language minors to graduate degrees, which collectively enroll more than 210 students.
By Natalie Schwartz • Jan. 18, 2024 -
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Student loan servicers failed to meet borrower needs as payments resumed, CFPB finds
In October, consumers waited over an hour on average to speak with a loan representative, the agency said.
By Laura Spitalniak • Jan. 9, 2024 -
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Fewer individuals donate to colleges following tax changes, research finds
Peer-reviewed research found private research universities saw the biggest decline in donor numbers.
By Lilah Burke • Jan. 8, 2024 -
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Education Department withholds $2.2M from 3 student loan servicers
Aidvantage, EdFinancial and Nelnet failed to send timely billing statements to 758,000 customers when federal loan repayment restarted, the agency said.
By Laura Spitalniak • Jan. 5, 2024 -
Retrieved from The U.S. Department of Education on January 03, 2024
FAFSA launch hindered by technical glitches
NASFAA criticized the federal aid form's limited rollout and said delays will have ripple effects on colleges and students.
By Laura Spitalniak • Jan. 4, 2024 -
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Union Institute appeals Education Department’s $4.3M fine, decision to cut off aid
The agency accused the private nonprofit college of illegally taking in more financial aid than it gave to students.
By Jeremy Bauer-Wolf • Dec. 15, 2023
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