From an in-depth look at the final days of Goddard College to a guide about preparing for the new federal overtime regulations, here are the top-line figures from some of our biggest stories of the week.
By the numbers
86
The years that Goddard College, a liberal arts institution in Vermont, was open before it announced earlier this year that it would shutter. Faculty members and others spoke with Higher Ed Dive about rising tensions between the college’s administration and employees in the years before the closure.
$58,656
The new salary threshold for overtime pay eligibility, effective Jan. 1, 2025. Attorneys shared what employers should do to prepare for this new ceiling, as workers who earn less than this amount may be newly eligible for overtime pay at time-and-one-half of their regular earnings.
6
The number of Universities of Wisconsin’s 13 campuses that are expected to have structural deficits in the 2025 fiscal year. University of Wisconsin Oshkosh has the biggest shortfall, with ongoing expenses expected to surpass recurring revenue by $8.6 million.
$6.7 million
The operating deficit Pittsburgh Technical College logged in fiscal 2023. The private nonprofit announced this week that it would close, citing “long standing financial challenges.”
383
The number of employees at Pennsylvania State University’s commonwealth campuses that accepted buyout offers last month. The workforce reduction could help make a substantial dent in Penn State’s $49 million budget deficit.
