University of Connecticut proposes multi-year reductions to address looming $70M deficit

Faculty have balked at the plan, which calls for a 15% cut in operating support budgets over the next five years.

By Natalie Schwartz • Jan. 25, 2024

Penn State plans nearly $100M in cuts for FY26 budget

Officials said the plan is meant to right the university’s finances as it grapples with enrollment declines and long-term budgetary challenges.

By Lilah Burke • Jan. 24, 2024

Goddard College to move exclusively online — for now

Changes will lead to some staff layoffs, administrators at the Vermont private nonprofit institution said.

By Jeremy Bauer-Wolf • Jan. 24, 2024

Spelman College receives record $100M gift

The institution’s officials said the donation is the largest single gift ever given to a historically Black college or university. 

By Natalie Schwartz • Jan. 18, 2024

UNC Greensboro looks to cut 19 academic offerings

Recommended program eliminations span from foreign language minors to graduate degrees, which collectively enroll more than 210 students. 

By Natalie Schwartz • Jan. 18, 2024

Student loan servicers failed to meet borrower needs as payments resumed, CFPB finds

In October, consumers waited over an hour on average to speak with a loan representative, the agency said.

By Laura Spitalniak • Jan. 9, 2024

Fewer individuals donate to colleges following tax changes, research finds

Peer-reviewed research found private research universities saw the biggest decline in donor numbers.

By Lilah Burke • Jan. 8, 2024

Education Department withholds $2.2M from 3 student loan servicers

Aidvantage, EdFinancial and Nelnet failed to send timely billing statements to 758,000 customers when federal loan repayment restarted, the agency said.

By Laura Spitalniak • Jan. 5, 2024

FAFSA launch hindered by technical glitches

NASFAA criticized the federal aid form's limited rollout and said delays will have ripple effects on colleges and students.

By Laura Spitalniak • Jan. 4, 2024

Union Institute appeals Education Department’s $4.3M fine, decision to cut off aid

The agency accused the private nonprofit college of illegally taking in more financial aid than it gave to students.

By Jeremy Bauer-Wolf • Dec. 15, 2023

States should overhaul how they give colleges money, report says

Complete College America suggests states give institutions upfront funding to hit completion goals rather than rewarding them after they meet their targets. 

By Natalie Schwartz • Dec. 14, 2023

Colleges’ costs increased 4% in FY23

Consumer inflation outpaced the Higher Education Price Index for the second year in a row, Commonfund found.

By Laura Spitalniak • Dec. 13, 2023

Columbia and NYU would pay millions more in property tax under new proposal

Legislators would route the additional funding to the City University of New York system, which has faced budgetary and enrollment challenges. 

By Laura Spitalniak • Dec. 12, 2023

Christian Brothers University to eliminate 28 faculty positions and a dozen programs

The Catholic institution's board instructed it to reduce its operating budget by $4 million after it declared financial exigency in September.

By Laura Spitalniak • Dec. 12, 2023

SUNY Fredonia to cut 13 degrees to address $10M deficit

The programs account for about 15% of the majors offered at the campus, including degrees in sociology, Spanish and early childhood education.

By Natalie Schwartz • Dec. 7, 2023

Fitch Ratings issues deteriorating outlook for higher ed in 2024

The credit ratings agency cited high labor and wage costs, elevated interest rates and uneven enrollment gains across the sector.

By Natalie Schwartz • Dec. 5, 2023

Fontbonne University to cut 21 academic programs, at least 18 faculty jobs

The reductions will save the Roman Catholic college in Missouri about $2.3 million in fiscal 2025.

By Jeremy Bauer-Wolf • Dec. 4, 2023

Academic cuts loom at UNC Greensboro. Faculty question whether they’re needed at all.

The North Carolina college is gearing up to drop degree programs, though one analysis found it’s in sound financial shape.

By Jeremy Bauer-Wolf • Dec. 4, 2023

Cheyney University again on accreditation probation after comeback attempt

Financial challenges have plagued the Pennsylvania HBCU for years, leading the state to loan it tens of millions of dollars to stay afloat.

By Jeremy Bauer-Wolf • Dec. 4, 2023

University of Nebraska-Lincoln proposes staff cuts to remedy $12M deficit

The state flagship also called for reduced funding for student teaching assistants and the diversity, equity and inclusion office.

By Natalie Schwartz • Nov. 27, 2023

GAO: Future student loan relief programs must fully address fraud risks

The Education Department approved loan forgiveness for 14 million borrowers without employing proper safeguards, the government watchdog found.

By Laura Spitalniak • Nov. 21, 2023

Park University to cut 16 faculty jobs and various academic programs

The private nonprofit institution in Missouri blamed the COVID-19 pandemic for broad financial stress on the higher ed sector.

By Jeremy Bauer-Wolf • Nov. 21, 2023

UW-Parkside looks to cut 50 full-time jobs, about 10% of its workforce

The reductions intend to steady the Wisconsin public college’s budget, which is stressed by demographic challenges, high costs and state funding declines.

By Jeremy Bauer-Wolf • Nov. 13, 2023

New College of Florida wants at least $400M in state funding for institutional overhaul

The small liberal arts institution will need to overcome long-term underfunding challenges to reach 1,200 students by 2028, President Richard Corcoran said.

By Laura Spitalniak • Nov. 10, 2023

Bradley University looks to cut over 20 programs and 68 faculty positions

The move comes after the president of the Illinois private nonprofit announced a $13 million budget shortfall.

By Natalie Schwartz • Nov. 8, 2023