Finance: Page 5
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Deep DiveCan the farm bill help fix underfunding for HBCUs?
Lawmakers have until the end of September to reauthorize the spending package, which is a significant source of funding for land-grant universities.
By Lilah Burke • Aug. 25, 2023 -
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Petition emerges to save Dickinson State arts programs amid $1M deficit
The president of the North Dakota public college is looking to cut a still-to-be-decided number of tenured faculty.
By Jeremy Bauer-Wolf • Aug. 22, 2023 -
Explore the Trendline➔
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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 -
The image by GastelEtzwane is licensed under CC BY-SA 4.0
SUNY Potsdam plans to phase out 4 academic programs amid $9M deficit
The leader of the university’s faculty senate recently told colleagues to prepare for cuts “of an order beyond anything we have seen.”
By Jeremy Bauer-Wolf • Aug. 18, 2023 -
Retrieved from Facebook on August 15, 2023
Alderson Broaddus hid imminent closure from students and employees, 2 lawsuits allege
The proposed class-action complaints accuse leaders of the Baptist-affiliated institution of breaching contract and fraud.
By Jeremy Bauer-Wolf • Aug. 16, 2023 -
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University of Chicago to pay $13.5M to settle allegations of financial aid price-fixing
The institution, one of 17 named in a class-action lawsuit, will also provide documents that are expected to help the case against the other colleges.
By Laura Spitalniak • Aug. 14, 2023 -
The image by Swimmerguy269 is licensed under CC BY-SA 3.0
West Virginia University looks to cut nearly 3 dozen academic programs, including all world languages
WVU will aim to eliminate 169 faculty positions as part of a major academic restructuring, partly to address a $45 million deficit.
By Jeremy Bauer-Wolf • Aug. 11, 2023 -
The image by Magicpiano is licensed under CC BY-SA 4.0
Dickinson State looks to cut tenured faculty in massive academic restructuring
The president of the North Dakota college wants to distill its nine academic departments into four schools in part to counter a projected $1 million shortfall.
By Jeremy Bauer-Wolf • Aug. 10, 2023 -
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Massachusetts governor OKs $50M for free community college
The $56 billion spending package also grants in-state tuition rates to high schoolers without permanent immigrant status.
By Jeremy Bauer-Wolf • Updated Aug. 11, 2023 -
Retrieved from PRNewswire on August 04, 2023
Does for-profit Florida Career College have a chance to stay open?
The Education Department revoked the college’s access to Title IV funding earlier this year, usually signaling an institution’s demise.
By Jeremy Bauer-Wolf • Aug. 7, 2023 -
Retrieved from Alderson Broaddus University on July 14, 2023
Alderson Broaddus University loses state operating approval, portending closure
Financial and leadership issues have plagued the Baptist-affiliated institution in West Virginia for months.
By Jeremy Bauer-Wolf • Aug. 1, 2023 -
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Data breaches cost higher education and training organizations $3.7M on average in 2023
In an annual report, IBM assessed the cost of cyberattacks by studying 553 impacted organizations across 17 sectors.
By Natalie Schwartz • Aug. 1, 2023 -
Courtesy of Coursera
Coursera’s degree and certificate offerings help drive Q2 revenue growth
The MOOC platform’s CEO touted the company’s strategy of allowing students to stack short-term credentials into longer offerings.
By Natalie Schwartz • Updated July 31, 2023 -
Retrieved from Alderson Broaddus University on July 28, 2023
West Virginia governor pitches saving Alderson Broaddus University from closure
The Baptist-affiliated institution also said it reached a deal with local government officials over a roughly $776,000 unpaid utility bill.
By Jeremy Bauer-Wolf • July 28, 2023 -
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Thomas Jefferson University pays $2.7M to settle claims it misused federal funds
The allegations center on a program designed to help aspiring primary care physicians with their education costs.
By Natalie Schwartz • July 27, 2023 -
Alderson Broaddus, at risk for closure, threatened with utility termination over $776K unpaid bill
Local officials told the struggling Baptist-affiliated institution it would cut off services on or after July 31.
By Jeremy Bauer-Wolf • July 27, 2023 -
Chip Somodevilla via Getty Images
Michigan free community college program to extend to 350,000 more residents
The state Legislature allocated $70 million to temporarily lower the age eligibility from 25 to 21 for fiscal year 2024.
By Laura Spitalniak • July 25, 2023 -
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Unity Environmental University explores campus sale amid online pivot
The nonprofit college has seen enrollment skyrocket since focusing more on low-residency and online programs.
By Natalie Schwartz • July 24, 2023 -
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Column // Merger WatchIs government support for distressed colleges a good thing?
Alabama lawmakers bailed out Birmingham-Southern College. Ricardo Azziz, principal at a higher ed consultancy, explores whether this type of move is wise.
By Ricardo Azziz • July 19, 2023 -
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 -
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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
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