Finance: Page 11
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Education Department to ease FAFSA verification requirements this year
The agency is temporarily rolling back administrative requirements as colleges grapple with an abridged financial aid timeline.
By Laura Spitalniak • Feb. 13, 2024 -
The image by Jwrandolph is licensed under CC BY-SA 3.0
Birmingham-Southern could get second chance at state bailout
An Alabama bill would install a new loan administrator to replace the state treasurer, who denied the college's application for $30 million.
By Laura Spitalniak • Feb. 7, 2024 -
Explore the Trendline➔
zimmytws via Getty Images
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 -
Retrieved from The Office of Gov. Josh Shapiro.
Pennsylvania governor pitches sharp funding increase for higher education overhaul
Josh Shapiro, a Democrat, proposed a 15% funding bump for the state’s public university system and its community colleges.
By Laura Spitalniak • Feb. 6, 2024 -
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Does completing college influence borrowers’ ability to pay back their loans?
Students who didn’t complete their studies collectively owed more four years after entering repayment than they originally borrowed, a new analysis finds.
By Laura Spitalniak • Feb. 2, 2024 -
(2007). "Fountain UNCG" [Photograph]. Retrieved from Wikipedia.
UNCG chancellor makes final call to cut 20 academic offerings
The public university’s leader pointed to “current conditions and the higher education landscape” as reasons for the program eliminations.
By Natalie Schwartz • Feb. 1, 2024 -
UNC Greensboro administrator resigns in protest of planned academic cuts
Associate Dean Charles Bolton bashed officials, saying they lacked transparency in their moves to potentially drop 19 academic offerings.
By Jeremy Bauer-Wolf • Jan. 25, 2024 -
DenisTangneyJr via Getty Images
University of Connecticut proposes multi-year reductions to address looming $70M deficit
Faculty have balked at the plan, which calls for a 15% cut in operating support budgets over the next five years.
By Natalie Schwartz • Jan. 25, 2024 -
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Penn State plans nearly $100M in cuts for FY26 budget
Officials said the plan is meant to right the university’s finances as it grapples with enrollment declines and long-term budgetary challenges.
By Lilah Burke • Jan. 24, 2024 -
SayCheeeeeese. (2007). "Goddard College Clockhouse" [Photograph]. Retrieved from Wikimedia Commons.
Goddard College to move exclusively online — for now
Changes will lead to some staff layoffs, administrators at the Vermont private nonprofit institution said.
By Jeremy Bauer-Wolf • Jan. 24, 2024 -
Marcus Ingram via Getty Images
Spelman College receives record $100M gift
The institution’s officials said the donation is the largest single gift ever given to a historically Black college or university.
By Natalie Schwartz • Jan. 18, 2024 -
Retrieved from The University of North Carolina at Greensboro/Facebook on December 01, 2023
UNC Greensboro looks to cut 19 academic offerings
Recommended program eliminations span from foreign language minors to graduate degrees, which collectively enroll more than 210 students.
By Natalie Schwartz • Jan. 18, 2024 -
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Student loan servicers failed to meet borrower needs as payments resumed, CFPB finds
In October, consumers waited over an hour on average to speak with a loan representative, the agency said.
By Laura Spitalniak • Jan. 9, 2024 -
Daenin Arnee via Getty Images
Fewer individuals donate to colleges following tax changes, research finds
Peer-reviewed research found private research universities saw the biggest decline in donor numbers.
By Lilah Burke • Jan. 8, 2024 -
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Education Department withholds $2.2M from 3 student loan servicers
Aidvantage, EdFinancial and Nelnet failed to send timely billing statements to 758,000 customers when federal loan repayment restarted, the agency said.
By Laura Spitalniak • Jan. 5, 2024 -
Retrieved from The U.S. Department of Education on January 03, 2024
FAFSA launch hindered by technical glitches
NASFAA criticized the federal aid form's limited rollout and said delays will have ripple effects on colleges and students.
By Laura Spitalniak • Jan. 4, 2024 -
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Union Institute appeals Education Department’s $4.3M fine, decision to cut off aid
The agency accused the private nonprofit college of illegally taking in more financial aid than it gave to students.
By Jeremy Bauer-Wolf • Dec. 15, 2023 -
Frazao Studio Latino via Getty Images
States should overhaul how they give colleges money, report says
Complete College America suggests states give institutions upfront funding to hit completion goals rather than rewarding them after they meet their targets.
By Natalie Schwartz • Dec. 14, 2023 -
OlyaSolodenko/iStock via Getty Images
Colleges’ costs increased 4% in FY23
Consumer inflation outpaced the Higher Education Price Index for the second year in a row, Commonfund found.
By Laura Spitalniak • Dec. 13, 2023 -
gregobagel via Getty Images
Columbia and NYU would pay millions more in property tax under new proposal
Legislators would route the additional funding to the City University of New York system, which has faced budgetary and enrollment challenges.
By Laura Spitalniak • Dec. 12, 2023 -
Retrieved from Christian Brothers University (@FromCBU on Twitter) on December 11, 2023
Christian Brothers University to eliminate 28 faculty positions and a dozen programs
The Catholic institution's board instructed it to reduce its operating budget by $4 million after it declared financial exigency in September.
By Laura Spitalniak • Dec. 12, 2023 -
SUNY Fredonia to cut 13 degrees to address $10M deficit
The programs account for about 15% of the majors offered at the campus, including degrees in sociology, Spanish and early childhood education.
By Natalie Schwartz • Dec. 7, 2023 -
Eduard Figueres via Getty Images
Fitch Ratings issues deteriorating outlook for higher ed in 2024
The credit ratings agency cited high labor and wage costs, elevated interest rates and uneven enrollment gains across the sector.
By Natalie Schwartz • Dec. 5, 2023 -
Retrieved from St. Joseph Educational Ministries on December 04, 2023
Fontbonne University to cut 21 academic programs, at least 18 faculty jobs
The reductions will save the Roman Catholic college in Missouri about $2.3 million in fiscal 2025.
By Jeremy Bauer-Wolf • Dec. 4, 2023 -
Retrieved from Cheyney University of Pennsylvania on December 01, 2023
Cheyney University again on accreditation probation after comeback attempt
Financial challenges have plagued the Pennsylvania HBCU for years, leading the state to loan it tens of millions of dollars to stay afloat.
By Jeremy Bauer-Wolf • Dec. 4, 2023 -
Retrieved from The University of North Carolina at Greensboro/Facebook on December 01, 2023
Deep Dive
Academic cuts loom at UNC Greensboro. Faculty question whether they’re needed at all.
The North Carolina college is gearing up to drop degree programs, though one analysis found it’s in sound financial shape.
By Jeremy Bauer-Wolf • Dec. 4, 2023
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