Finance: Page 6

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    The image by HaeB is licensed under CC BY-SA 4.0
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    Struggling California College of the Arts raises $45M to fund turnaround

    After laying off staff to fill a $20 million budget hole, the private college brought in new funds to keep it afloat, including from Nvidia’s billionaire founder. 

    By • Feb. 24, 2025
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    Scott Olson via Getty Images
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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 • Feb. 21, 2025
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    "Northland College Campus" by Tschellnc is licensed under CC BY-SA 4.0
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    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 • Feb. 20, 2025
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    The image by Beyond My Ken is licensed under CC BY-SA 4.0
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    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 • Feb. 20, 2025
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    Darren McCollester/Newsmakers via Getty Images
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    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 • Feb. 12, 2025
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    Getty Images
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    ‘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 • Updated Feb. 11, 2025
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    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 • 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 • Feb. 4, 2025
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    Christopher Furlong via Getty Images
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    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 • Updated Jan. 28, 2025
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    wellesenterprises via Getty Images
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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 • Jan. 27, 2025
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    Courtesy of Sonoma State University
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    ‘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 • Jan. 23, 2025
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    Retrieved from Albright College on January 22, 2025
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    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 • Jan. 23, 2025
  • An aerial view of Hampshire College's campus, in Massachusetts.
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    Getty Images
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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 • Jan. 22, 2025
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    "University of New Orleans Gate Plaque" by Result02 is licensed under CC BY-SA 4.0
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    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 • Jan. 21, 2025
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    Ben Unglesbee/Higher Ed Dive
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    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 • Jan. 16, 2025
  • A building on the campus of Webster University.
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    The image by Marcus Qwertyus is licensed under CC BY-SA 3.0
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    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 • Jan. 16, 2025
  • University of the Arts sign on campus in brass lettering.
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    Ben Unglesbee/Higher Ed Dive
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    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 • Jan. 15, 2025
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    Kevork Djansezian via Getty Images
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    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 • Jan. 13, 2025
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    Ben Unglesbee/Higher Ed Dive
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    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 • Jan. 10, 2025
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    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 • Jan. 7, 2025
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    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 • Jan. 6, 2025
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    Rick Seltzer/Higher Ed Dive
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    Q&A

    How 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 • Jan. 6, 2025
  • View of red brick Keystone College building in the evening
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    Courtesy of Keystone College
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    Keystone College staves off accreditation loss for now

    The financially troubled Pennsylvania nonprofit will retain its status as its accreditor hears its appeal.

    By • Jan. 2, 2025
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    Getty Images
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    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 • Dec. 19, 2024
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    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 • Dec. 18, 2024