Finance: Page 14
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Retrieved from U.S. Department of Education on July 18, 2023
Education Department kicks off student loan forgiveness plan, round 2
A public hearing Tuesday started the lengthy process of wiping out debts through regulation under the Higher Education Act.
By Jeremy Bauer-Wolf • July 18, 2023 -
Retrieved from Alderson Broaddus University on July 14, 2023
West Virginia regulators allow financially struggling Alderson Broaddus University to keep operating — for now
The Baptist-affiliated college, which policy experts say is at risk for closure, has been mired in budget and leadership troubles.
By Jeremy Bauer-Wolf • July 14, 2023 -
Explore the Trendline➔
zimmytws via Getty Images
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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Inflation will continue to batter colleges through fiscal 2024, Moody’s predicts
Analysts say rising costs, led by increasing employee wages, will force colleges to make tough choices in the coming years.
By Laura Spitalniak • July 12, 2023 -
The image by Swimmerguy269 is licensed under CC BY-SA 3.0
WVU will review about half of its academic programs amid budget crunch. Some will be discontinued.
West Virginia University is staring down a roughly $45 million deficit and will trim its degree offerings as a result. Layoffs are almost assured.
By Jeremy Bauer-Wolf • July 11, 2023 -
Melissa Sue Gerrits via Getty Images
UNC-Chapel Hill to start free tuition program in response to Supreme Court ruling
North Carolina students and families earning under $80,000 a year will benefit beginning in 2024.
By Jeremy Bauer-Wolf • July 10, 2023 -
Jon Bilous via Getty Images
Which higher ed organizations have been affected by the MOVEit data breach?
Colleges across the country, from Middlebury College in Vermont to UCLA, say they may have been swept up in the mass hacks.
By Natalie Schwartz • July 10, 2023 -
The image by Enunnally55 is licensed under CC BY-SA 4.0
New College trustees approve total compensation range between $894K and $1.5M for next president
The Florida public liberal arts college's board voted Thursday to approve the range for negotiating the employment contract of the final candidate.
By Natalie Schwartz • July 6, 2023 -
Scott Olson via Getty Images
Rising interest rates could reduce public colleges’ adjusted net pension liabilities, Moody’s says
However, they could increase if plans lose money at the same time inflation drives up personnel costs.
By Natalie Schwartz • June 28, 2023 -
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Kansas regents to review undergrad programs — some will be on the chopping block
The governing board intends to phase out certain public colleges’ degrees that have low enrollment or little return on investment for students.
By Jeremy Bauer-Wolf • June 28, 2023 -
Eloi_Omella via Getty Images
MSCHE yanks Alliance University’s accreditation
Accreditation for the struggling Christian college will cease at the end of December, though it plans to appeal the decision.
By Natalie Schwartz • June 27, 2023 -
Retrieved from @UofNE_President on June 23, 2023
Here’s how University of Nebraska system plans to fix its $58M shortfall
In addition to a long-term plan, the system will freeze nonfaculty hiring and temporarily reduce department budgets starting July 1.
By Jeremy Bauer-Wolf • June 23, 2023 -
Ryan Herron/ iStock via Getty Images
Duke will cover tuition for Carolina students from low- and middle-income households
The selective private university expects the aid program to cost about $2 million and serve roughly 5% of undergraduates in the 2023-24 academic year.
By Laura Spitalniak • June 20, 2023 -
The image by Richinstead is licensed under CC BY-SA 3.0
West Virginia University to merge two colleges in the face of deep budget deficit
The state public flagship will fuse its colleges of creative arts and media as it braces for continued enrollment declines.
By Jeremy Bauer-Wolf • June 15, 2023 -
Anna Moneymaker via Getty Images
Senate Republicans roll out proposal to reshape higher ed loan system
The Lowering Education Costs and Debt Act is cast as an alternative to President Biden’s student loan forgiveness plan.
By Laura Spitalniak • June 15, 2023 -
pastorscott via Getty Images
Fitch: Small colleges must strengthen student pipelines before resources are sapped
Tuition resets and other affordability initiatives can make it challenging to maintain fiscal balance, analysts said.
By Natalie Schwartz • June 12, 2023 -
Courtesy of Adidas
Adidas offers student loan help for US employees
The company is also offering free financial coaching, as 80% of employees say that student debt is stressing them out.
By Nate Delesline III • June 7, 2023 -
Retrieved from California State University on March 23, 2022
Cal State’s revenue only covers 86% of costs — and the gap is widening
The budget deficit is expected to significantly worsen if the system doesn’t increase its revenue by 2030, a new report to trustees found.
By Laura Spitalniak • May 26, 2023 -
meanmachine77 via Getty Images
Bain warns of ‘perilous environment’ for colleges as COVID-19 relief dries up
Although the higher education sector gained financial stability during the pandemic, the effects are likely short-lived, analysts said
By Natalie Schwartz • May 23, 2023 -
Spencer Platt via Getty Images
TrackerHow publicly traded higher education companies are performing
With revenue falling, Chegg filed an antitrust lawsuit against Google over its AI search, while Strategic Education saw another enrollment lift.
Updated March 3, 2025 -
Pekic via Getty Images
Report: Many borrowers who could benefit from income-driven repayment don’t know about it
The Education Department should ramp up communications about the plans as it rolls out regulations to expand them, New America said.
By Laura Spitalniak • May 15, 2023 -
Drew Angerer via Getty Images
Virginia Republicans request higher ed, DEI spending study on public colleges
Two top House lawmakers cited anecdotal reports of growing numbers of noninstructional staff specializing in diversity, equity and inclusion.
By Laura Spitalniak • May 9, 2023 -
Sarah Kerver/Getty Images via Getty Images
Chegg stock continues slip on investor fears of AI disruption
With its Q1 earnings, the company shared concerns that student interest in ChatGPT is impacting growth for its tutoring and homework help services.
By Roger Riddell • May 4, 2023 -
Courtesy of 2U
2U’s first quarter revenue down 6% from prior year
The company significantly reduced its spending over the same period.
By Laura Spitalniak • Updated April 27, 2023 -
The image by Farragutful is licensed under CC BY-SA 4.0
Education Department struggles to fulfill its duties without a significant bump in funding
As the agency crafts a new FAFSA, students and states are in the lurch.
By Lilah Burke • April 20, 2023 -
Rawf8 via Getty Images
OpinionGraduate student stipends in the Midwest are falling behind the rest of the country
A University of Iowa Ph.D. candidate worries low compensation will make it harder for the region’s universities to draw talent to graduate programs.
By Caleb Klipowicz • April 19, 2023
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