Finance: Page 6
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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 -
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 -
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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 -
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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 -
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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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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 -
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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 -
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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 -
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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 -
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TrackerHow publicly traded higher education companies are performing
Service revenue at Grand Canyon Education increased in large part due to enrollment growth at its biggest client, Grand Canyon University.
Updated May 6, 2024 -
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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
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