Finance: Page 10
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"Northland College Sign" by Tschellnc is licensed under CC BY-SA 4.0
Northland College raises $1M on its last-ditch $12M goal
The college is trying to avoid closure with the fundraising blitz while also exploring partnerships and other financial options.
By Ben Unglesbee • April 2, 2024 -
University of Arizona president to step down amid budgetary issues
Robert Robbins told the institution’s governing board that he will leave his post by the end of his current contract, which expires in 2026.
By Natalie Schwartz • April 2, 2024 -
Explore the Trendline➔
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TrendlineCollege finances in a rapidly changing sector
Colleges are increasingly tightening their belts and pursuing alternative revenue sources amid declining enrollment and increased competition.
By Higher Ed Dive staff -
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330,000 FAFSAs must be reprocessed, Education Department says
A tax data issue affecting about 5% of submitted applications will be corrected starting in early April.
By Laura Spitalniak • April 2, 2024 -
Iowa’s community college leaders could soon set their own state funding formula
An advancing bill would give the institutions flexibility amid a shifting higher education landscape, one proponent said.
By Laura Spitalniak • March 29, 2024 -
Courtesy of Eastern Gateway Community College
Eastern Gateway Community College to withdraw from accreditation process
The beleaguered Ohio institution, which has been on probation with HLC since 2021, will almost certainly close without access to Title IV funding.
By Laura Spitalniak • March 25, 2024 -
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Biden signs FY 24 budget for Education Department, other agencies
The bipartisan and bicameral agreement keeps the maximum Pell Grant award at $7,395 for the 2024-25 school year.
By Kara Arundel , Laura Spitalniak • March 25, 2024 -
Permission granted by Florence City School District
How are high schools supporting students through FAFSA delays?
Processing delays for transmitting FAFSA data to colleges have amplified the pressure of the application season. Here’s how schools can help.
By Kara Arundel • March 22, 2024 -
SUNY Fredonia sets end date for 13 majors
Other State University of New York campuses, including those in Potsdam and Buffalo, are also experiencing budgetary cutbacks.
By Lilah Burke • March 21, 2024 -
Courtesy of 2U
2U at risk of being removed from Nasdaq
The company, which helps colleges create and run online programs, could be delisted if its stock price doesn't consistently close at $1 or more for 10 consecutive days.
By Laura Spitalniak • Updated March 19, 2024 -
The image by Stepanstas is licensed under CC BY-SA 3.0
New Jersey City University directed to find partner for financial stability
A state-appointed monitor said a partnership could range from sharing academic programs with another public institution to fully merging with one.
By Natalie Schwartz • March 13, 2024 -
"Northland College Sign" by Tschellnc is licensed under CC BY-SA 4.0
Northland College needs $12M to stay open, officials say
The environmentally focused Wisconsin institution lacks the resources to operate beyond the current academic year without an infusion of funding.
By Natalie Schwartz • March 12, 2024 -
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New Mexico to establish $959M higher ed fund supporting free tuition
Gov. Michelle Lujan Grisham said the trust will cement the state’s status as a leader in college equity and access.
By Natalie Schwartz • March 11, 2024 -
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Biden proposes free community college, Pell Grant increases in FY25 budget
The president's funding proposal is likely dead on arrival in a divided Congress, but it shows his priorities for higher education.
By Laura Spitalniak • March 11, 2024 -
"Denworth Hall, Northpoint Bible College, Haverhill, Massachusetts" by Chonak is licensed under CC BY-SA 3.0
Massachusetts ramps up financial oversight for 2 faith-based colleges
The state's higher education department said it couldn't confirm that Boston Baptist College and Northpoint Bible College will be able to stay open.
By Natalie Schwartz • March 6, 2024 -
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Legal threat over University of Phoenix deal gains momentum
An Idaho legislative committee advanced a resolution that would allow the Legislature's leaders to file a lawsuit over the transaction.
By Natalie Schwartz • March 4, 2024 -
Permission granted by Dan Zukowski
Another continuing resolution pushes FY 24 education funding decision to March 22
President Joe Biden on Friday approved the short-term funding plan, which includes a FAFSA provision.
By Kara Arundel • March 1, 2024 -
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Idaho lawmakers could put University of Phoenix deal at ‘grave risk,’ official says
A member of the state’s education board told legislators that taking legal action — as threatened in a pending resolution — could imperil the transaction.
By Natalie Schwartz • Feb. 29, 2024 -
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Albert Einstein College of Medicine will go tuition free after $1B donation
The Bronx institution will make the change in August, and it will reimburse all fourth-year students for their spring 2024 semester tuition.
By Lilah Burke • Feb. 26, 2024 -
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Pell Grant program faces a potential budget crisis, fiscal policy group says
The Committee for a Responsible Federal Budget estimated that the federal aid program could see a shortfall as high as $95 billion over the next decade.
By Lilah Burke • Feb. 23, 2024 -
Courtesy of Eastern Gateway Community College
Eastern Gateway Community College to pause enrollment for all students after spring 2024
The break is intended to give the institution time to resolve ongoing financial difficulties partly stemming from financial aid restrictions.
By Laura Spitalniak • Feb. 23, 2024 -
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US colleges received $58B in philanthropic support in FY23
It’s the second-highest level of giving on record, despite representing a 2.5% decline from fiscal year 2022.
By Natalie Schwartz • Feb. 21, 2024 -
The image by Clarinetguy097 is licensed under CC BY-SA 4.0
Staff cuts loom over Concordia University Wisconsin and Ann Arbor
The two campuses need to address operational deficits, the institution’s president recently told employees.
By Laura Spitalniak • Feb. 16, 2024 -
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How the value of the 20 largest college endowments changed last year
Johns Hopkins University’s endowment clocked a major increase in fiscal year 2023, though several others saw declines in their market value.
By Natalie Schwartz • Updated Feb. 15, 2024 -
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Endowment returns averaged 7.7% in fiscal 2023
Strong public equity markets buoyed returns, found the National Association of College and University Business Officers and Commonfund.
By Natalie Schwartz • Updated Feb. 15, 2024 -
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FAFSA delays could create enrollment uncertainty and budgetary challenges, S&P says
Minority-serving institutions and colleges with large shares of low-income students will likely be hit hardest, analysts said.
By Laura Spitalniak • Feb. 14, 2024
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