Finance: Page 14
-
Permission granted by St Cloud State University
A thousand cuts: A look at colleges making restructuring moves
Institutions are downsizing in ways both large and small as they try to close budget gaps and manage enrollment declines.
By Ben Unglesbee • June 7, 2024 -
"University of the Arts Dorrance Hamilton Hall" by Beyond My Ken is licensed under CC BY-SA 4.0
University of the Arts’ accreditor looks to correct the record on closure timeline
News of the institution’s pending shutdown first came in an accreditation notice. But the accreditor says it wasn’t supposed to happen that way.
By Ben Unglesbee • June 6, 2024 -
The image by Mireiacardona is licensed under CC BY-SA 4.0
Columbia College Chicago axes 70 positions on campus
The cuts, which amount to roughly 5% of its staff and faculty, follow the approval of a broad restructuring plan to save millions in the budget.
By Ben Unglesbee • June 5, 2024 -
University of the Arts president resigns days after abrupt closure announcement
Meanwhile, Temple University, a public institution, is eyeing a possible merger to save the private nonprofit's legacy.
By Ben Unglesbee • June 5, 2024 -
University of the Arts announces abrupt closure, citing unexpected cash shortfall and expenses
The 148-year-old Philadelphia college will close June 7 after years of enrollment declines.
By Ben Unglesbee • June 3, 2024 -
Retrieved from University of Lynchburg on May 31, 2024
University of Lynchburg to cut programs, staff and faculty positions
The private institution is winding down 12 majors, 25 minors and five graduate programs — a restructuring it called “a catalyst for strategic transformation.”
By Ben Unglesbee • May 31, 2024 -
Retrieved from Fayetteville State University Twitter on May 30, 2024
Fayetteville State audit finds $700K in unauthorized charges
Employees directed funds to businesses owned by university staff, as well as first class flights and Amazon purchases, North Carolina's state auditor said.
By Laura Spitalniak • May 30, 2024 -
Getty Images
Marymount Manhattan College to merge with Northeastern University
Northeastern has been growing steadily in recent years at its flagship Boston campus and through mergers with financially struggling peers.
By Ben Unglesbee • May 29, 2024 -
Delaware arts college to shutter, citing falling enrollment and FAFSA challenges
After 27 years, the Delaware College of Art and Design is winding down amid a shrinking student base and the financial woes that go with it.
By Ben Unglesbee • May 28, 2024 -
"Northland College Sign" by Tschellnc is licensed under CC BY-SA 4.0
Northland College to cut 9 faculty spots
Returning from the brink of closure, the Wisconsin-based private institution is downsizing and revamping its programs.
By Ben Unglesbee • May 24, 2024 -
The image by McGhiever is licensed under CC BY-SA 4.0
St. Catherine University eliminates staff roles as it grapples with deficits
The Catholic women’s university has faced multimillion-dollar operating deficits in recent years.
By Ben Unglesbee • May 24, 2024 -
Private equity-backed venture wants to cash in on college sports
Collegiate Athletic Solutions could offer capital to fund institutions’ sports programs while sharing in the revenue.
By Ben Unglesbee • May 24, 2024 -
The image by afunkydamsel is licensed under CC BY-ND 2.0
Facing ‘existential threat,’ Columbia College Chicago moves to restructure curricula and schools
The board approved recommendations from the president for the nonprofit to take sweeping action to rein in its finances.
By Ben Unglesbee • May 23, 2024 -
"Eastern Oregon University" by Jimmy Emerson is licensed under CC BY 2.0
Eastern Oregon University slashes budget by nearly $5M to close deficit
The rural institution will leave nearly two dozen jobs unfilled, cut a handful of staff and raise tuition.
By Ben Unglesbee • May 17, 2024 -
Courtesy of 2U
Financially struggling 2U adds 6 new programs to Pepperdine University partnership
The online program manager has lost significant chunks of potential revenue as some of its other university clients scale back their ties with the company.
By Ben Unglesbee • May 17, 2024 -
Courtesy of Dartmouth College
Deep DiveDartmouth College is investing $500M to become a sustainability leader. Will others follow?
The Ivy League institution is overhauling infrastructure to improve efficiency. But there are other ways to lighten a campus’s environmental impact.
By Ben Unglesbee • May 16, 2024 -
Retrieved from Delta State University on May 14, 2024
Delta State budget plan would cut about 20 degrees
The Mississippi university faces a $3 million budget gap after burning through cash reserves and suffering years of enrollment declines.
By Ben Unglesbee • May 15, 2024 -
Getty Images
Tuition discounts at private nonprofit colleges reach new highs, study finds
The discount rate rose to 56.1% for first-time, full-time students, estimates from the National Association of College and University Business Officers show.
By Natalie Schwartz • May 15, 2024 -
Getty Images
Who is managing the endowments of the wealthiest colleges?
Data about the diversity of wealthy colleges' asset managers remains opaque, new Knight Foundation research finds.
By Laura Spitalniak • May 13, 2024 -
Penn State offers buyouts in budget-cutting effort
Faced with chronic deficits, the university is offering faculty and staff at its 20 commonwealth campuses a year’s pay to retire early or leave their jobs.
By Ben Unglesbee • May 10, 2024 -
Permission granted by St Cloud State University
‘A matter of right-sizing’: A look at St. Cloud State’s plan to cut 46 degrees
The Minnesota university still has a strong revenue base but faces too-high expenses, according to its acting president.
By Ben Unglesbee • May 8, 2024 -
Getty Images
State and local funding for higher education rose 3.7% in FY 2023
This marks the 11th year in a row for appropriations increases, according to an annual report from the State Higher Education Executive Officers Association.
By Natalie Schwartz • May 8, 2024 -
Retrieved from Columbus State Community College on May 07, 2024
Columbus State Community College pares back staff to close budget gap
The Ohio community college faces a reported $6.8 million deficit and has cut 14 positions as it realigns resources.
By Ben Unglesbee • May 7, 2024 -
Stephen Maturen via Getty Images
University of Minnesota plan would cut budgets, raise tuition amid 3.3% cost increase
The institution is still grappling with “across-the-board inflation” going into the next academic year.
By Ben Unglesbee • May 7, 2024 -
Getty Images
Ed tech venture funding hit lowest point in a decade in Q1 2024
Ed tech venture funding in 2023 reached just $2.97 billion, down 86% from 2021’s all-time high of $20.8 billion, according to a HolonIQ analysis.
By Roger Riddell • May 6, 2024
Previous
