Finance: Page 9
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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 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 -
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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 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 -
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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 Ben Unglesbee • 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 Ben Unglesbee • Dec. 18, 2024 -
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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
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