Finance: Page 5
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Wisconsin’s public university leaders will get a 15% bonus — if they meet retention goals
The additional compensation for the state system’s chancellors comes as many of their institutions face budget deficits and enrollment woes.
By Ben Unglesbee • July 10, 2024 -
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FAFSA completions largely stalled in June, fueling enrollment concerns
Increased investment in financial aid support services this summer could help bridge the gap for recent high school graduates, one NCAN expert said.
By Laura Spitalniak • July 10, 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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For-profit Northwestern College closes abruptly
The 122-year-old Illinois institution had faced scrutiny from its accreditor, including over concerns about its financial health.
By Ben Unglesbee • July 8, 2024 -
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Johns Hopkins to cover tuition for most medical students after $1B gift
Almost two-thirds of the university's current and incoming students will qualify following the donation from Bloomberg Philanthropies.
By Laura Spitalniak • July 8, 2024 -
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Hampshire College to cut 9% of employees in restructuring
The Massachusetts private nonprofit is consolidating institutional services and reducing administrative ranks amid slowing enrollment growth.
By Ben Unglesbee • July 1, 2024 -
Permission granted by Wells College
Deep Dive‘We can’t cut anymore’: Can colleges recover from the gut-punch of inflation?
Cost growth in higher ed is easing after big spikes in recent years. But institutions remain under steep financial pressure.
By Ben Unglesbee • July 1, 2024 -
Retrieved from Wikimedia Commons.
Keystone College cuts employees and programs to help save $3.5M
The private Pennsylvania institution was recently labeled a closure risk by its accreditor. Since then, it has announced a potential strategic partnership.
By Ben Unglesbee • June 27, 2024 -
Retrieved from Eastern Nazarene College on June 26, 2024
Eastern Nazarene College in Massachusetts to close
The private Christian institution said it has faced intensifying financial challenges and has exhausted its options to continue operating.
By Ben Unglesbee • June 26, 2024 -
Concordia University Ann Arbor to cut most programs
Facing a $9 million deficit, the private Lutheran institution is keeping just nine in-person and seven online programs.
By Ben Unglesbee • June 25, 2024 -
More colleges are breaching their debt requirements: S&P
Amid operating pressures, some institutions are struggling to meet financial metrics stipulated in their bond and loan covenants.
By Ben Unglesbee • June 25, 2024 -
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University of Arizona narrows its budget gap to $52M
However, officials are still working through how they will adjust the budget to account for a multimillion-dollar reduction in state funding.
By Ben Unglesbee • June 21, 2024 -
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Hampshire College cuts some employee benefits to rein in budget
After a brush with potential closure five years ago, the college says admissions have rebounded but headwinds remain.
By Ben Unglesbee • June 20, 2024 -
Alverno College to cut 14 majors after declaring financial exigency
The struggling Catholic institution will also lay off 25 faculty members and 12 staffers as it tries to close a budget gap and stabilize its finances.
By Ben Unglesbee • June 17, 2024 -
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Sponsored by ECSINavigating accounts receivables in higher ed: 4 areas coming under more regulatory scrutiny
Staying ahead of dynamic compliance and regulatory requirements is integral to higher ed institutions’ financial stability and reputation.
June 17, 2024 -
Permission granted by St Cloud State University
St. Cloud State University saves 4 programs from the chopping block
But the Minnesota public institution is still making deep cuts, with 42 degree and 50 minor programs slated for elimination.
By Ben Unglesbee • June 13, 2024 -
6 Universities of Wisconsin campuses expect structural deficits in FY25
The deficits total $16.4 million across the 13-institution system, though this marks an improvement over the prior year’s budget.
By Natalie Schwartz • June 11, 2024 -
Retrieved from Pittsburgh Technical College on June 11, 2024
Pittsburgh Technical College to close
The private nonprofit’s accreditor warned that the college was at risk of accreditation loss and “imminent closure” less than a week ago.
By Ben Unglesbee • June 11, 2024 -
Retrieved from Pittsburgh Technical College on June 10, 2024
Pittsburgh Technical in ‘imminent’ danger of closing, MSCHE says
The notice came just days after Triangle Tech, a for-profit trade college in the area, announced it would shut down.
By Ben Unglesbee • June 10, 2024 -
Permission granted by Goddard College
Deep DiveInside the final, chaotic days of Goddard College
Founded as a radical experiment in education, the Vermont institution closed after years of mounting tensions between administration and the rank and file.
By Ben Unglesbee • June 7, 2024 -
Permission granted by St Cloud State University
A thousand cuts: A look at colleges making restructuring moves
Institutions are downsizing in ways both large and small as they try to close budget gaps and manage enrollment declines.
By Ben Unglesbee • June 7, 2024 -
"University of the Arts Dorrance Hamilton Hall" by Beyond My Ken is licensed under CC BY-SA 4.0
University of the Arts’ accreditor looks to correct the record on closure timeline
News of the institution’s pending shutdown first came in an accreditation notice. But the accreditor says it wasn’t supposed to happen that way.
By Ben Unglesbee • June 6, 2024 -
The image by Mireiacardona is licensed under CC BY-SA 4.0
Columbia College Chicago axes 70 positions on campus
The cuts, which amount to roughly 5% of its staff and faculty, follow the approval of a broad restructuring plan to save millions in the budget.
By Ben Unglesbee • June 5, 2024 -
University of the Arts president resigns days after abrupt closure announcement
Meanwhile, Temple University, a public institution, is eyeing a possible merger to save the private nonprofit's legacy.
By Ben Unglesbee • June 5, 2024 -
University of the Arts announces abrupt closure, citing unexpected cash shortfall and expenses
The 148-year-old Philadelphia college will close June 7 after years of enrollment declines.
By Ben Unglesbee • June 3, 2024 -
Retrieved from University of Lynchburg on May 31, 2024
University of Lynchburg to cut programs, staff and faculty positions
The private institution is winding down 12 majors, 25 minors and five graduate programs — a restructuring it called “a catalyst for strategic transformation.”
By Ben Unglesbee • May 31, 2024
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