Finance: Page 13
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SUNY Potsdam looks to eliminate 14 more programs to close $9M deficit
President of the New York public college said it will need to significantly reduce faculty positions alongside academic cuts.
By Jeremy Bauer-Wolf • Sept. 20, 2023 -
Retrieved from Northwestern Michigan College on September 18, 2023
Why one community college outsourced its adjunct faculty
Northwestern Michigan College’s adjuncts will be employees of Edustaff, an unusual higher ed staffing model meant to cut costs.
By Jeremy Bauer-Wolf • Sept. 19, 2023 -
Explore the Trendline➔
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TrendlineCollege 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 -
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16 states underfunded land-grant HBCUs by over $12B, Biden admin says
The education and agriculture secretaries called on each state’s governor to remedy the historical funding gaps.
By Jeremy Bauer-Wolf • Sept. 18, 2023 -
"Prairie View A&M University-Panther Stadium" by Maureen.allen is licensed under CC BY-SA 4.0
Historically Black college initiative secures $124M investment
The HBCU Transformation Project started last year to improve student outcomes and reverse historic funding inequities.
By Natalie Schwartz • Sept. 14, 2023 -
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Union Institute & University’s accreditor flags financial issues
The Ohio private institution has twice delayed the start of its fall term over funding problems, but insists it’s not on the path to closure.
By Jeremy Bauer-Wolf • Sept. 12, 2023 -
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Webster University sued over accusations of $75K in unpaid rent
The lawsuit compounds financial troubles for the private nonprofit college in Missouri.
By Jeremy Bauer-Wolf • Sept. 7, 2023 -
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West Virginia University no longer plans to completely eliminate world languages
However, the public flagship institution still is looking to cut all bachelor’s and master’s language programs.
By Jeremy Bauer-Wolf • Aug. 29, 2023 -
Deep DiveCan the farm bill help fix underfunding for HBCUs?
Lawmakers have until the end of September to reauthorize the spending package, which is a significant source of funding for land-grant universities.
By Lilah Burke • Aug. 25, 2023 -
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Petition emerges to save Dickinson State arts programs amid $1M deficit
The president of the North Dakota public college is looking to cut a still-to-be-decided number of tenured faculty.
By Jeremy Bauer-Wolf • Aug. 22, 2023 -
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SUNY Potsdam plans to phase out 4 academic programs amid $9M deficit
The leader of the university’s faculty senate recently told colleagues to prepare for cuts “of an order beyond anything we have seen.”
By Jeremy Bauer-Wolf • Aug. 18, 2023 -
Retrieved from Facebook on August 15, 2023
Alderson Broaddus hid imminent closure from students and employees, 2 lawsuits allege
The proposed class-action complaints accuse leaders of the Baptist-affiliated institution of breaching contract and fraud.
By Jeremy Bauer-Wolf • Aug. 16, 2023 -
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University of Chicago to pay $13.5M to settle allegations of financial aid price-fixing
The institution, one of 17 named in a class-action lawsuit, will also provide documents that are expected to help the case against the other colleges.
By Laura Spitalniak • Aug. 14, 2023 -
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West Virginia University looks to cut nearly 3 dozen academic programs, including all world languages
WVU will aim to eliminate 169 faculty positions as part of a major academic restructuring, partly to address a $45 million deficit.
By Jeremy Bauer-Wolf • Aug. 11, 2023 -
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Dickinson State looks to cut tenured faculty in massive academic restructuring
The president of the North Dakota college wants to distill its nine academic departments into four schools in part to counter a projected $1 million shortfall.
By Jeremy Bauer-Wolf • Aug. 10, 2023 -
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Massachusetts governor OKs $50M for free community college
The $56 billion spending package also grants in-state tuition rates to high schoolers without permanent immigrant status.
By Jeremy Bauer-Wolf • Updated Aug. 11, 2023 -
Retrieved from PRNewswire on August 04, 2023
Does for-profit Florida Career College have a chance to stay open?
The Education Department revoked the college’s access to Title IV funding earlier this year, usually signaling an institution’s demise.
By Jeremy Bauer-Wolf • Aug. 7, 2023 -
Retrieved from Alderson Broaddus University on July 14, 2023
Alderson Broaddus University loses state operating approval, portending closure
Financial and leadership issues have plagued the Baptist-affiliated institution in West Virginia for months.
By Jeremy Bauer-Wolf • Aug. 1, 2023 -
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Data breaches cost higher education and training organizations $3.7M on average in 2023
In an annual report, IBM assessed the cost of cyberattacks by studying 553 impacted organizations across 17 sectors.
By Natalie Schwartz • Aug. 1, 2023 -
Courtesy of Coursera
Coursera’s degree and certificate offerings help drive Q2 revenue growth
The MOOC platform’s CEO touted the company’s strategy of allowing students to stack short-term credentials into longer offerings.
By Natalie Schwartz • Updated July 31, 2023 -
Retrieved from Alderson Broaddus University on July 28, 2023
West Virginia governor pitches saving Alderson Broaddus University from closure
The Baptist-affiliated institution also said it reached a deal with local government officials over a roughly $776,000 unpaid utility bill.
By Jeremy Bauer-Wolf • July 28, 2023 -
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Thomas Jefferson University pays $2.7M to settle claims it misused federal funds
The allegations center on a program designed to help aspiring primary care physicians with their education costs.
By Natalie Schwartz • July 27, 2023 -
Alderson Broaddus, at risk for closure, threatened with utility termination over $776K unpaid bill
Local officials told the struggling Baptist-affiliated institution it would cut off services on or after July 31.
By Jeremy Bauer-Wolf • July 27, 2023 -
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Michigan free community college program to extend to 350,000 more residents
The state Legislature allocated $70 million to temporarily lower the age eligibility from 25 to 21 for fiscal year 2024.
By Laura Spitalniak • July 25, 2023 -
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Unity Environmental University explores campus sale amid online pivot
The nonprofit college has seen enrollment skyrocket since focusing more on low-residency and online programs.
By Natalie Schwartz • July 24, 2023 -
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Column // Merger WatchIs government support for distressed colleges a good thing?
Alabama lawmakers bailed out Birmingham-Southern College. Ricardo Azziz, principal at a higher ed consultancy, explores whether this type of move is wise.
By Ricardo Azziz • July 19, 2023
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