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From another college making large cuts to its academic offerings to an inside look at 2U’s business, here are our top-line figures from some of the biggest stories of the week.
By the numbers
2%
The portion of Valparaiso University's campus population that will be affected by academic program cuts announced this week. The private Indiana college is eliminating more than two dozen offerings, including in statistics, German and philosophy.
$20.8M
The amount 2U expects to owe university clients, according to recent bankruptcy filings. The online program manager, which filed for Chapter 11 last week, noted that the bulk of this amount is for payments to university partners to offset their cost of launching online degree programs.
66%
The share of “good jobs” that will require a four-year degree by 2031, according to a report from Georgetown University’s Center on Education and the Workforce. Researchers defined a good job as one that pays at least $43,000 annually and has a median salary of $74,000 for workers between ages 25 and 44.
72
The number of positions that the University of New Orleans recently eliminated in the face of a multimillion-dollar budget deficit. Sixty-three of the cut jobs were vacant.
36%
The share of surveyed adults who say they think higher education is “fine how it is,” a decline of 5 percentage points from the year before, according to a new poll from left-leaning think tank New America. A majority of adults agreed that cost is the biggest hurdle stopping people from going to college.
