Finance: Page 13

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    Florida for-profit City College to close

    The healthcare career-focused institution’s decision to shutter after 40 years reportedly came as a shock to students.

    By • July 19, 2024
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    Enrollment woes hit both private and public colleges in 2023, S&P reports

    Analysts with the ratings agency described a “tough year” in the higher ed world as revenue pressures ran into rising costs.

    By • July 19, 2024
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    What a tough private equity environment could mean for university endowments

    Amid high interest rates and slowed dealmaking, a major source of investments for elite universities could become a liquidity headache, a new analysis finds.

    By • July 17, 2024
  • An older Black man speaks at a podium with the FAMU seal on the front.
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    Retrieved from John F. Williams / Office of Naval Research.
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    Florida A&M president to step down after fumbled donation

    The historically Black university publicly reversed course on a record-breaking donation in May after questions arose about its legitimacy.

    By • July 15, 2024
  • A close up of a pair of hands holding an education invoice and typing on a calculator that sits on a desk alongside a stack of coins and paper and a pen.
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    Private colleges likely won’t see big net tuition growth anytime soon, Fitch says

    Fitch Ratings found a 1.1% year-over-year increase in net tuition revenue for fiscal 2023, but this isn’t enough to preserve margins at private nonprofits.

    By • July 15, 2024
  • Pennsylvania state capitol in Harrisburg
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    benedek via Getty Images
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    Pennsylvania’s budget leaves funds flat for Penn State and others

    Although the budget contained funding increases for some colleges, it fell short of Gov. Josh Shapiro’s earlier vision to overhaul the state’s higher education.

    By • July 12, 2024
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    Wisconsin’s public university leaders will get a 15% bonus — if they meet retention goals

    The additional compensation for the state system’s chancellors comes as many of their institutions face budget deficits and enrollment woes.

    By • July 10, 2024
  • Dollar bills are scattered. On top of the bills is a small gradulation cap with the words "FAFSA."
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    FAFSA completions largely stalled in June, fueling enrollment concerns

    Increased investment in financial aid support services this summer could help bridge the gap for recent high school graduates, one NCAN expert said.

    By • July 10, 2024
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    For-profit Northwestern College closes abruptly

    The 122-year-old Illinois institution had faced scrutiny from its accreditor, including over concerns about its financial health.

    By • July 8, 2024
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    Rob Carr / Staff via Getty Images
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    Johns Hopkins to cover tuition for most medical students after $1B gift

    Almost two-thirds of the university's current and incoming students will qualify following the donation from Bloomberg Philanthropies.

    By • July 8, 2024
  • An aerial view of Hampshire College's campus, in Massachusetts.
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    Hampshire College to cut 9% of employees in restructuring

    The Massachusetts private nonprofit is consolidating institutional services and reducing administrative ranks amid slowing enrollment growth.

    By • July 1, 2024
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    Permission granted by Wells College
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    Deep Dive

    ‘We can’t cut anymore’: Can colleges recover from the gut-punch of inflation?

    Cost growth in higher ed is easing after big spikes in recent years. But institutions remain under steep financial pressure.

    By • July 1, 2024
  • A blush-colored, stately old house that has been repurposed into an academic building
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    Retrieved from Wikimedia Commons.
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    Keystone College cuts employees and programs to help save $3.5M

    The private Pennsylvania institution was recently labeled a closure risk by its accreditor. Since then, it has announced a potential strategic partnership.

    By • June 27, 2024
  • Eastern Nazarene College campus buildings seen from a courtyard.
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    Retrieved from Eastern Nazarene College on June 26, 2024
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    Eastern Nazarene College in Massachusetts to close

    The private Christian institution said it has faced intensifying financial challenges and has exhausted its options to continue operating.

    By • June 26, 2024
  • A view of Holy Trinity Chapel at Concordia University's Ann Arbor campus
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    The image by Dwight Burdette is licensed under CC BY 3.0
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    Concordia University Ann Arbor to cut most programs

    Facing a $9 million deficit, the private Lutheran institution is keeping just nine in-person and seven online programs.

    By • June 25, 2024
  • Albion College Observatory as see from the front.
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    The image by kennethaw88 is licensed under CC BY 4.0
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    More colleges are breaching their debt requirements: S&P

    Amid operating pressures, some institutions are struggling to meet financial metrics stipulated in their bond and loan covenants.

    By • June 25, 2024
  • The Old Main building in the campus of University of Arizona in downtown Tucson, Arizona, USA. University of Arizona is a public education institution founded in 1885 with a student enrollment of more
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    University of Arizona narrows its budget gap to $52M

    However, officials are still working through how they will adjust the budget to account for a multimillion-dollar reduction in state funding.

    By • June 21, 2024
  • An aerial view of Hampshire College's campus, in Massachusetts.
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    Hampshire College cuts some employee benefits to rein in budget

    After a brush with potential closure five years ago, the college says admissions have rebounded but headwinds remain.

    By • June 20, 2024
  • Alverno College sign in the foreground, a building behind it.
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    The image by Dave Reid is licensed under CC BY 2.0
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    Alverno College to cut 14 majors after declaring financial exigency

    The struggling Catholic institution will also lay off 25 faculty members and 12 staffers as it tries to close a budget gap and stabilize its finances.

    By • June 17, 2024
  • Group of diverse Hispanic, American and African students in campus outdoors, walking together and talking.
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    Sponsored by ECSI

    Navigating accounts receivables in higher ed: 4 areas coming under more regulatory scrutiny

    Staying ahead of dynamic compliance and regulatory requirements is integral to higher ed institutions’ financial stability and reputation.

    June 17, 2024
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    Permission granted by St Cloud State University
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    St. Cloud State University saves 4 programs from the chopping block

    But the Minnesota public institution is still making deep cuts, with 42 degree and 50 minor programs slated for elimination.

    By • June 13, 2024
  • A sign at the University of Wisconsin Oshkosh displaying the institution's name.
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    "UWOshkoshSign" by Royalbroil is licensed under CC BY-SA 2.0
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    6 Universities of Wisconsin campuses expect structural deficits in FY25

    The deficits total $16.4 million across the 13-institution system, though this marks an improvement over the prior year’s budget. 

    By • June 11, 2024
  • People enter and leave a building on the campus of Pittsburgh Technical College.
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    Retrieved from Pittsburgh Technical College on June 11, 2024
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    Pittsburgh Technical College to close

    The private nonprofit’s accreditor warned that the college was at risk of accreditation loss and “imminent closure” less than a week ago.

    By • June 11, 2024
  • Welding lab on Pittsburgh Technical College campus.
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    Retrieved from Pittsburgh Technical College on June 10, 2024
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    Pittsburgh Technical in ‘imminent’ danger of closing, MSCHE says

    The notice came just days after Triangle Tech, a for-profit trade college in the area, announced it would shut down.

    By • June 10, 2024
  • Goddard College
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    Permission granted by Goddard College
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    Deep Dive

    Inside the final, chaotic days of Goddard College

    Founded as a radical experiment in education, the Vermont institution closed after years of mounting tensions between administration and the rank and file.

    By • June 7, 2024