Finance: Page 7
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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 -
Permission granted by University of the District of Columbia
Deep DiveInside University of the District of Columbia’s plan to transform
The historically Black college — Washington's only public university — wants to widen its appeal and raise its profile.
By Ben Unglesbee • Dec. 17, 2024 -
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College operating costs rose 3.4% in fiscal 2024
Commonfund Institute’s latest Higher Education Price Index shows that cost spikes slowed — but that doesn’t make them any less painful.
By Ben Unglesbee • Dec. 16, 2024 -
Saint Augustine’s University fights for its accreditation — again
The struggling private nonprofit said it plans to appeal a vote to remove its accreditation by SACSCOC for the second time in roughly a year.
By Ben Unglesbee • Dec. 11, 2024 -
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How will colleges fare financially in 2025? It depends.
While some institutions will be in a strong position, S&P and Moody’s both pointed to operating and financial challenges for others.
By Ben Unglesbee • Dec. 9, 2024 -
Seattle University plans to acquire arts college
Cornish College of the Arts, in Washington, would retain its campus and be renamed under the Catholic university's banner, the institutions announced.
By Ben Unglesbee • Dec. 6, 2024 -
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College closures could increase sharply in the face of the demographic cliff
A new model for predicting financial failures from the Philadelphia Fed aimed to produce the most accurate forecasting to date of at-risk colleges.
By Ben Unglesbee • Dec. 5, 2024 -
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No letup in financial pressure on colleges in 2025, Fitch says
A declining body of first-year students, uncertain international enrollment and high costs are weighing on many institutions, the ratings agency said.
By Ben Unglesbee • Updated Jan. 14, 2025 -
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How equitable is funding for public colleges?
Colleges with low shares of students of color receive the highest levels of funding, research finds.
By Ben Unglesbee • Dec. 4, 2024 -
Union raises alarm about looming layoffs and course cuts at University of Michigan-Dearborn
Final decisions are expected later this month on changes that could come before the winter semester.
By Ben Unglesbee • Dec. 3, 2024 -
Courtesy of Keystone College
Keystone College could lose accreditation after MSCHE vote
Middle States Commission on Higher Education found that the Pennsylvania institution failed to show it can sustain itself.
By Ben Unglesbee • Nov. 27, 2024 -
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Birmingham-Southern College campus sale falls through
Miles College asked to extend a purchase agreement for the property, but trustees of the shuttered college said they must sell the campus quickly.
By Ben Unglesbee • Nov. 27, 2024 -
Saint Augustine’s University cuts its workforce in half to shore up finances
The North Carolina institution is on probation with its accreditor as it tries to stabilize its operations.
By Ben Unglesbee • Nov. 25, 2024 -
Cal Maritime and Cal Poly set to merge
A new report from California State University leaders said the nautical college faces a "dire, binary choice": Partner with another university, or close.
By Ben Unglesbee • Nov. 22, 2024 -
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As Anderson University struggles with deficits, Fitch’s outlook turns negative
The Indiana-based nonprofit has tried to pad budget gaps with asset sales and other moves.
By Ben Unglesbee • Nov. 21, 2024 -
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Drexel University to cut 60 staffers
More than 150 additional employees have accepted buyout offers from the private Philadelphia institution.
By Ben Unglesbee • Nov. 21, 2024 -
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Fitch raises outlook for New Jersey City University
After facing a steep fiscal hole in 2022, the institution has made painful cuts under state supervision to stabilize its finances.
By Ben Unglesbee • Nov. 18, 2024 -
Tennessee State stayed afloat thanks to a $43M injection from the state. What comes next?
The public institution faces a fiscal crisis after past years of mismanagement and a history of underfunding from Tennessee.
By Ben Unglesbee • Nov. 18, 2024 -
Retrieved from Twitter on November 12, 2024
Christian Brothers University says its poised to come off accreditor probation
Facing a multi-million deficit, the private Catholic institution declared exigency and made major cuts. Now it says it’s on track to bank a surplus.
By Ben Unglesbee • Nov. 12, 2024 -
University of Akron braces for workforce cuts
The public Ohio institution’s president said that rising expenses and cuts in state appropriations have weighed on its budget.
By Ben Unglesbee • Nov. 5, 2024 -
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States are taking on fewer college costs. Who is picking up the bill?
The gap between what states and students pay toward higher ed shrunk from 2008 to 2022, the State Higher Education Executive Officers Association found.
By Ben Unglesbee • Nov. 5, 2024 -
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Webster University to close its military campuses
A decade ago, the nonprofit based in Missouri had over 40 locations on bases. Now, it is shuttering its last nine.
By Ben Unglesbee • Nov. 1, 2024 -
Ohio’s Central State University placed under fiscal watch
Although enrollment remains strong, the historically Black institution has struggled with rising costs and the end of federal pandemic relief funds.
By Ben Unglesbee • Oct. 29, 2024 -
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Connecticut governor seeks probe into college system after ‘controversial spending’
The request follows a news investigation finding the Connecticut State Colleges and Universities’ leader spent public money on pricey meals and chauffeurs.
By Natalie Schwartz • Oct. 29, 2024 -
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The college affordability gap shrank during the pandemic, research suggests
National College Attainment Network research largely credits pandemic relief for the improvement, though that money has since dried up.
By Danielle McLean • Oct. 29, 2024
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