Finance: Page 12
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University of Nebraska-Lincoln proposes staff cuts to remedy $12M deficit
The state flagship also called for reduced funding for student teaching assistants and the diversity, equity and inclusion office.
By Natalie Schwartz • Nov. 27, 2023 -
Park University to cut 16 faculty jobs and various academic programs
The private nonprofit institution in Missouri blamed the COVID-19 pandemic for broad financial stress on the higher ed sector.
By Jeremy Bauer-Wolf • Nov. 21, 2023 -
Explore the Trendline➔
zimmytws via Getty ImagesTrendlineCollege finances in a rapidly changing sector
Colleges are increasingly tightening their belts and pursuing alternative revenue sources amid declining enrollment and increased competition.
By Higher Ed Dive staff -
GAO: Future student loan relief programs must fully address fraud risks
The Education Department approved loan forgiveness for 14 million borrowers without employing proper safeguards, the government watchdog found.
By Laura Spitalniak • Nov. 21, 2023 -
Retrieved from UW - Parkside College of Business, Economics, and Computing on November 13, 2023
UW-Parkside looks to cut 50 full-time jobs, about 10% of its workforce
The reductions intend to steady the Wisconsin public college’s budget, which is stressed by demographic challenges, high costs and state funding declines.
By Jeremy Bauer-Wolf • Nov. 13, 2023 -
The image by Alaska Miller is licensed under CC BY-SA 4.0
New College of Florida wants at least $400M in state funding for institutional overhaul
The small liberal arts institution will need to overcome long-term underfunding challenges to reach 1,200 students by 2028, President Richard Corcoran said.
By Laura Spitalniak • Nov. 10, 2023 -
"Westlake Hall" by Jimcrone is licensed under CC BY-SA 3.0
Bradley University looks to cut over 20 programs and 68 faculty positions
The move comes after the president of the Illinois private nonprofit announced a $13 million budget shortfall.
By Natalie Schwartz • Nov. 8, 2023 -
Retrieved from Vermont Technical College on November 02, 2023
Vermont State expects only 1 faculty layoff, but deepens program cuts
Enough instructors retired or took buyouts that the public college didn’t need to move forward with more drastic reductions.
By Jeremy Bauer-Wolf • Nov. 3, 2023 -
The image by Jared C. Benedict is licensed under CC BY-SA 2.0
Vermont State unveils administrative and staff cuts to save $3.1M
The moves are the latest cost-cutting effort from the university, which is also looking to eliminate academic programs and reduce faculty numbers.
By Natalie Schwartz • Oct. 31, 2023 -
The image by GastelEtzwane is licensed under CC BY-SA 4.0
SUNY Potsdam reduces number of academic program cuts from 14 to 9
The New York public college, which has lost significant student numbers, is looking to close a $9 million budget gap.
By Jeremy Bauer-Wolf • Oct. 26, 2023 -
Lesley University to lay off faculty as it phases out 4 degrees
Enrollment has tanked at the private Massachusetts institution, where the president has faced two no-confidence votes.
By Jeremy Bauer-Wolf • Oct. 24, 2023 -
Sponsored by Cengage
5 surprising facts about course material affordability
How do student affordability and happier faculty connect? Read more about the hidden costs of course materials.
Oct. 23, 2023 -
Moody’s: Enrollment hinges on programs aligning with student interests
Subjects like computer and information sciences have attracted more students in recent years, but they can be expensive to expand and upgrade.
By Laura Spitalniak • Oct. 20, 2023 -
Republican lawmakers skip raises for Wisconsin university employees in DEI fight
The state's Legislature has waged a protracted battle against diversity, equity and inclusion efforts at college campuses.
By Laura Spitalniak • Oct. 18, 2023 -
Retrieved from WiSys on October 17, 2023
UW-Oshkosh cuts workforce by more than 200 as budget crisis unfolds
The Wisconsin public college is laying off 140 staff members, while others voluntarily resigned.
By Jeremy Bauer-Wolf • Oct. 17, 2023 -
The image by Acroterion is licensed under CC BY-SA 4.0
Hodson Trust gives parting gift of over $100M to 2 Maryland colleges
Hood College and Washington College each received over $50 million, the largest donations in their respective histories, from the now-dissolved trust.
By Laura Spitalniak • Oct. 17, 2023 -
Opinion
Colleges can take steps to address the affordable housing crisis
From contributing underutilized land to tapping government support, institutions can help alleviate the problem — and get a return on their investment.
By Eric Maribojoc • Oct. 16, 2023 -
Moody’s: Student housing sees rebound
Occupancy and rental rates have jumped since the pandemic, but inflation remains a hurdle for owners and developers.
By Leslie Shaver • Oct. 12, 2023 -
Vermont State unveils faculty buyout plan in hopes of avoiding layoffs
Employees who take the deal will receive additional compensation equal to half their current salary at the end of the 2023-24 academic year.
By Natalie Schwartz • Oct. 10, 2023 -
Lawmakers press state leaders on land-grant HBCU funding gaps
Here’s how legislators are reacting after the Biden administration accused 16 states of underfunding historically Black land-grants by over $12 billion.
By Laura Spitalniak • Oct. 10, 2023 -
"Fletcher Hall at Sweet Briar" by Annette Teng is licensed under CC BY 3.0Deep Dive
More colleges are resetting tuition. Does the strategy work?
Some institutions have seen short-term enrollment gains from slashing their sticker prices, but the strategy doesn’t guarantee a turnaround.
By Danielle McLean • Oct. 9, 2023 -
The image by Jwrandolph is licensed under CC BY-SA 3.0
What’s next for Birmingham-Southern College?
The private institution may have averted closure through a state lifeline, but questions remain about its financial plan.
By Lilah Burke • Oct. 5, 2023 -
Vermont State University looks to eliminate 10 programs, up to 33 full-time faculty
The public institution’s president is also recommending some majors be consolidated or moved to other campuses.
By Jeremy Bauer-Wolf • Oct. 3, 2023 -
Christian Brothers University to cut $4M from budget to address deficit
The Roman Catholic college in Tennessee recently declared financial exigency, which can lead to layoffs of tenured faculty members.
By Natalie Schwartz • Oct. 2, 2023 -
The image by Dickinson State University is licensed under CC BY-SA 2.0
Dickinson State finalizes plan to cut 7 programs, 5 tenured faculty
North Dakota’s higher ed board will need to OK eliminating degrees at the public college.
By Jeremy Bauer-Wolf • Sept. 27, 2023 -
The image by Dickinson State University is licensed under CC BY-SA 2.0
Dickinson State faculty plead to preserve academic programs — and their jobs
The North Dakota college’s president said it must cut degrees and tenured positions to counter a potential $1 million budget hole.
By Jeremy Bauer-Wolf • Sept. 22, 2023