Finance: Page 3
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Retrieved from The University of North Carolina at Greensboro/Facebook on December 01, 2023
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 -
Creative via Getty Images
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 -
Explore the Trendline➔
Rattankun Thongbun/iStock via Getty Images
TrendlineThe Higher Ed Dive Outlook for 2022
Big questions are on tap as enrollment pressures collide with online learning's growth, major court cases loom and for-profit colleges try to find footing amid changing regulations.
By Higher Ed Dive staff -
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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 -
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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 -
Retrieved from The U.S. Department of Education on January 03, 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 -
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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 -
Frazao Studio Latino via Getty Images
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 -
OlyaSolodenko/iStock via Getty Images
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 -
gregobagel via Getty Images
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 -
Retrieved from Christian Brothers University (@FromCBU on Twitter) on December 11, 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 -
Eduard Figueres via Getty Images
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 -
Retrieved from St. Joseph Educational Ministries on December 04, 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 -
Retrieved from The University of North Carolina at Greensboro/Facebook on December 01, 2023
Deep Dive
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 -
Retrieved from Cheyney University of Pennsylvania on December 01, 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 -
RiverNorthPhotography via Getty Images
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 -
Paul Morigi via Getty Images
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 -
Retrieved from UW - Parkside College of Business, Economics, and Computing on November 13, 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 -
The image by Alaska Miller is licensed under CC BY-SA 4.0
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 -
"Westlake Hall" by Jimcrone is licensed under CC BY-SA 3.0
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 -
Retrieved from Vermont Technical College on November 02, 2023
Vermont State expects only 1 faculty layoff, but deepens program cuts
Enough instructors retired or took buyouts that the public college didn’t need to move forward with more drastic reductions.
By Jeremy Bauer-Wolf • Nov. 3, 2023 -
The image by Jared C. Benedict is licensed under CC BY-SA 2.0
Vermont State unveils administrative and staff cuts to save $3.1M
The moves are the latest cost-cutting effort from the university, which is also looking to eliminate academic programs and reduce faculty numbers.
By Natalie Schwartz • Oct. 31, 2023 -
The image by GastelEtzwane is licensed under CC BY-SA 4.0
SUNY Potsdam reduces number of academic program cuts from 14 to 9
The New York public college, which has lost significant student numbers, is looking to close a $9 million budget gap.
By Jeremy Bauer-Wolf • Oct. 26, 2023 -
Lesley University to lay off faculty as it phases out 4 degrees
Enrollment has tanked at the private Massachusetts institution, where the president has faced two no-confidence votes.
By Jeremy Bauer-Wolf • Oct. 24, 2023
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