Finance: Page 4
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NIH cuts remain on hold as judge extends temporary pause
Some colleges have already frozen hiring after the National Institutes of Health unveiled a policy to cap billions of dollars in funding for indirect research costs.
By Ben Unglesbee • Feb. 21, 2025 -
"Northland College Campus" by Tschellnc is licensed under CC BY-SA 4.0
Northland College to close after turnaround falls short
Despite recent restructuring efforts, the Wisconsin nonprofit’s board chair said it couldn’t weather “economic and demographic storms” hitting the sector.
By Ben Unglesbee • Feb. 20, 2025 -
The image by Beyond My Ken is licensed under CC BY-SA 4.0
Colleges tighten budgets amid NIH funding uncertainty
From hiring freezes to spending cuts, research universities are trying to manage their finances amid a fluid and harrowing situation.
By Ben Unglesbee • Feb. 20, 2025 -
Darren McCollester/Newsmakers via Getty Images
Endowments grew 4% in FY2024 on investment returns, donations
Colleges responding to the latest NACUBO-Commonfund study reported a collective $837.7 billion in endowment value as Republicans eye higher taxes.
By Ben Unglesbee • Feb. 12, 2025 -
Adene Sanchez via Getty Images
‘Self-inflicted wound’: Widespread alarm as Trump administration slashes NIH funding
A federal judge issued orders blocking the National Institutes of Health from enforcing its new 15% cap on indirect research costs.
By Ben Unglesbee • Updated Feb. 11, 2025 -
Tennessee State University could run out of cash this spring without help
The struggling HBCU is dependent on state money to survive — but is also owed money by Tennessee, the Biden administration had said.
By Ben Unglesbee • Feb. 7, 2025 -
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Higher ed sees 4.3% jump in state funding for FY2025
Support for institutions is up by a third from five years ago, according to early data from the annual Grapevine report.
By Ben Unglesbee • Feb. 4, 2025 -
Christopher Furlong via Getty Images
At 11th hour, judge blocks Trump’s pause on federal funding
The higher education community faced an "enormous amount of confusion" in the wake of an OMB directive aimed at ensuring programs adhere to recent executive orders.
By Ben Unglesbee • Updated Jan. 28, 2025 -
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Texas A&M University to restrict undergrad enrollment growth following ‘massive’ increases
The public university wants to hold new undergraduate enrollment at its main campus to 15,000 a year so its infrastructure can catch up with recent growth.
By Ben Unglesbee • Jan. 27, 2025 -
Courtesy of Sonoma State University
‘Sobering news’: Sonoma State University makes broad cuts to tackle $24M deficit
The California public university plans to reduce staff, faculty and majors, as well as fold its athletics program.
By Ben Unglesbee • Jan. 23, 2025 -
Retrieved from Albright College on January 22, 2025
Albright College moves to borrow from endowment to stay afloat
The Pennsylvania nonprofit has also cut faculty, staff and programs as it tries to stem deficits and enrollment declines.
By Ben Unglesbee • Jan. 23, 2025 -
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Hampshire College president to depart after yearslong turnaround push
Ed Wingenbach is set to take the helm of the American College of Greece after leading the Massachusetts nonprofit back from the brink.
By Ben Unglesbee • Jan. 22, 2025 -
"University of New Orleans Gate Plaque" by Result02 is licensed under CC BY-SA 4.0
University of New Orleans turns to furloughs to plug $10M budget hole
Officials at the public institution blamed falling enrollment, rising costs and a culture of nonpayment among students for ongoing financial woes.
By Ben Unglesbee • Jan. 21, 2025 -
Ben Unglesbee/Higher Ed Dive
University of the Arts unloads 2 buildings for $10.3M in auctions
The nonprofit Curtis Institute of Music beat out a local real estate developer and Temple University for one of the shuttered arts college’s iconic buildings.
By Ben Unglesbee • Jan. 16, 2025 -
The image by Marcus Qwertyus is licensed under CC BY-SA 3.0
Webster University touts financial turnaround
A year and a half ago, the private Missouri institution’s sustainability was in doubt. But enrollment increases have led to steep improvements in its finances.
By Ben Unglesbee • Jan. 16, 2025 -
Ben Unglesbee/Higher Ed Dive
Pennsylvania AG argues Temple should win bid for UArts building
Attorney General Michelle Henry said Temple University's bid should take priority over a $6.5 million offer from a Philadelphia real estate developer.
By Ben Unglesbee • Jan. 15, 2025 -
Kevork Djansezian via Getty Images
California university systems warn of dire effects from governor’s proposed cuts
California State University and University of California would see hundreds of millions of dollars in reduced funds in the governor's latest budget proposal.
By Ben Unglesbee • Jan. 13, 2025 -
Ben Unglesbee/Higher Ed Dive
University of the Arts lands $8.3M in bids for 2 buildings
A Philadelphia real estate player and area theater nonprofit are among the first buyers to step up for the closed arts college’s iconic properties.
By Ben Unglesbee • Jan. 10, 2025 -
State AG looks to halt $1.9M payment to Western New Mexico University president
Joseph Shepard resigned amid scrutiny over his spending of university money. The attorney general called his severance package “a gross misuse of funds.”
By Ben Unglesbee • Jan. 7, 2025 -
The image by Wnmunews is licensed under CC BY-SA 3.0
Top regents at Western New Mexico University depart amid state scrutiny
Gov. Michelle Lujan Grisham called for the entire board to resign after a state audit found "a concerning lack of compliance" with university spending policies.
By Ben Unglesbee • Jan. 6, 2025 -
Rick Seltzer/Higher Ed Dive
Q&AHow NACUBO is helping colleges navigate choppy financial waters
Top leaders of the National Association of College and University Business Officers share how they hope to reenvision the role of college executives.
By Ben Unglesbee • Jan. 6, 2025 -
Courtesy of Keystone College
Keystone College staves off accreditation loss for now
The financially troubled Pennsylvania nonprofit will retain its status as its accreditor hears its appeal.
By Ben Unglesbee • Jan. 2, 2025 -
bernie_photo via Getty Images
Audit sheds light on state-issued credit card misuse in the Connecticut college system
Chancellor Terrence Cheng showed poor judgment when using an institutional credit card to make purchases but didn't violate system policy, the audit found.
By Ben Unglesbee • Dec. 19, 2024 -
Wolterk via Getty Images
Brown University to slow faculty, staff growth as it attacks $90M budget hole
The Ivy League institution is rolling out several measures to tackle the deficit over the next five or so years, officials said.
By Ben Unglesbee • Dec. 18, 2024 -
The image by Mireiacardona is licensed under CC BY-SA 4.0
Columbia College Chicago to cut 11 programs, up to 25 faculty jobs
A finalized plan to pare down and consolidate the private nonprofit’s offerings is meant to “keep our college competitive,” its president said.
By Ben Unglesbee • Dec. 18, 2024
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