Finance: Page 14
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Courtesy of 2U
2U files for bankruptcy
The online program manager entered Chapter 11 with an agreement with lenders and bondholders that would halve its debt and provide new capital.
By Ben Unglesbee • Updated July 25, 2024 -
PASSHE chancellor to leave post in October
Dan Greenstein oversaw a major consolidation of six of the Pennsylvania system’s universities that aimed to put them on better financial footing.
By Ben Unglesbee • July 24, 2024 -
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3 policy developments that college business officers should keep tabs on
Panelists at the National Association of College and University Business Officers’ annual meeting highlighted major changes coming down the pike.
By Natalie Schwartz • July 23, 2024 -
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Sen. Durbin calls on Education Department to protect students at 2 shuttering for-profits
Northwestern College and American Academy of Art College both announced closures in July in the senator’s home state of Illinois.
By Ben Unglesbee • July 22, 2024 -
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Deep DiveSticker shock: A look at the complicated world of tuition pricing
Despite attention to lofty sticker costs, the practice of discounting has reached new highs, confusing students and straining revenue for institutions.
By Ben Unglesbee • July 22, 2024 -
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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 Ben Unglesbee • 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 Ben Unglesbee • 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 Ben Unglesbee • July 17, 2024 -
Retrieved from John F. Williams / Office of Naval Research.
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 Laura Spitalniak • July 15, 2024 -
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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 Ben Unglesbee • July 15, 2024 -
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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 Ben Unglesbee • 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 Ben Unglesbee • July 10, 2024 -
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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 Laura Spitalniak • 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 Ben Unglesbee • July 8, 2024 -
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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 Laura Spitalniak • July 8, 2024 -
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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 Ben Unglesbee • July 1, 2024 -
Permission granted by Wells College
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 Ben Unglesbee • July 1, 2024 -
Retrieved from Wikimedia Commons.
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 Ben Unglesbee • June 27, 2024 -
Retrieved from Eastern Nazarene College on June 26, 2024
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 Ben Unglesbee • June 26, 2024 -
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 Ben Unglesbee • June 25, 2024 -
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 Ben Unglesbee • June 25, 2024 -
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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 Ben Unglesbee • June 21, 2024 -
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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 Ben Unglesbee • June 20, 2024 -
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 Ben Unglesbee • June 17, 2024 -
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Sponsored by ECSINavigating 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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