Finance: Page 6
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Retrieved from Fayetteville State University Twitter on May 30, 2024
Fayetteville State audit finds $700K in unauthorized charges
Employees directed funds to businesses owned by university staff, as well as first class flights and Amazon purchases, North Carolina's state auditor said.
By Laura Spitalniak • May 30, 2024 -
Maddie Meyer via Getty Images
Marymount Manhattan College to merge with Northeastern University
Northeastern has been growing steadily in recent years at its flagship Boston campus and through mergers with financially struggling peers.
By Ben Unglesbee • May 29, 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 -
Delaware arts college to shutter, citing falling enrollment and FAFSA challenges
After 27 years, the Delaware College of Art and Design is winding down amid a shrinking student base and the financial woes that go with it.
By Ben Unglesbee • May 28, 2024 -
"Northland College Sign" by Tschellnc is licensed under CC BY-SA 4.0
Northland College to cut 9 faculty spots
Returning from the brink of closure, the Wisconsin-based private institution is downsizing and revamping its programs.
By Ben Unglesbee • May 24, 2024 -
The image by McGhiever is licensed under CC BY-SA 4.0
St. Catherine University eliminates staff roles as it grapples with deficits
The Catholic women’s university has faced multimillion-dollar operating deficits in recent years.
By Ben Unglesbee • May 24, 2024 -
Private equity-backed venture wants to cash in on college sports
Collegiate Athletic Solutions could offer capital to fund institutions’ sports programs while sharing in the revenue.
By Ben Unglesbee • May 24, 2024 -
The image by afunkydamsel is licensed under CC BY-ND 2.0
Facing ‘existential threat,’ Columbia College Chicago moves to restructure curricula and schools
The board approved recommendations from the president for the nonprofit to take sweeping action to rein in its finances.
By Ben Unglesbee • May 23, 2024 -
"Eastern Oregon University" by Jimmy Emerson is licensed under CC BY 2.0
Eastern Oregon University slashes budget by nearly $5M to close deficit
The rural institution will leave nearly two dozen jobs unfilled, cut a handful of staff and raise tuition.
By Ben Unglesbee • May 17, 2024 -
Courtesy of 2U
Financially struggling 2U adds 6 new programs to Pepperdine University partnership
The online program manager has lost significant chunks of potential revenue as some of its other university clients scale back their ties with the company.
By Ben Unglesbee • May 17, 2024 -
Courtesy of Dartmouth College
Deep DiveDartmouth College is investing $500M to become a sustainability leader. Will others follow?
The Ivy League institution is overhauling infrastructure to improve efficiency. But there are other ways to lighten a campus’s environmental impact.
By Ben Unglesbee • May 16, 2024 -
SDI Productions via Getty Images
Tuition discounts at private nonprofit colleges reach new highs, study finds
The discount rate rose to 56.1% for first-time, full-time students, estimates from the National Association of College and University Business Officers show.
By Natalie Schwartz • May 15, 2024 -
Retrieved from Delta State University on May 14, 2024
Delta State budget plan would cut about 20 degrees
The Mississippi university faces a $3 million budget gap after burning through cash reserves and suffering years of enrollment declines.
By Ben Unglesbee • May 15, 2024 -
Rawf8 via Getty Images
Who is managing the endowments of the wealthiest colleges?
Data about the diversity of wealthy colleges' asset managers remains opaque, new Knight Foundation research finds.
By Laura Spitalniak • May 13, 2024 -
Penn State offers buyouts in budget-cutting effort
Faced with chronic deficits, the university is offering faculty and staff at its 20 commonwealth campuses a year’s pay to retire early or leave their jobs.
By Ben Unglesbee • May 10, 2024 -
Permission granted by St Cloud State University
‘A matter of right-sizing’: A look at St. Cloud State’s plan to cut 46 degrees
The Minnesota university still has a strong revenue base but faces too-high expenses, according to its acting president.
By Ben Unglesbee • May 8, 2024 -
FangXiaNuo via Getty Images
State and local funding for higher education rose 3.7% in FY 2023
This marks the 11th year in a row for appropriations increases, according to an annual report from the State Higher Education Executive Officers Association.
By Natalie Schwartz • May 8, 2024 -
Retrieved from Columbus State Community College on May 07, 2024
Columbus State Community College pares back staff to close budget gap
The Ohio community college faces a reported $6.8 million deficit and has cut 14 positions as it realigns resources.
By Ben Unglesbee • May 7, 2024 -
Stephen Maturen via Getty Images
University of Minnesota plan would cut budgets, raise tuition amid 3.3% cost increase
The institution is still grappling with “across-the-board inflation” going into the next academic year.
By Ben Unglesbee • May 7, 2024 -
hynci via Getty Images
Ed tech venture funding hit lowest point in a decade in Q1 2024
Ed tech venture funding in 2023 reached just $2.97 billion, down 86% from 2021’s all-time high of $20.8 billion, according to a HolonIQ analysis.
By Roger Riddell • May 6, 2024 -
"Northland College Campus" by Tschellnc is licensed under CC BY-SA 4.0
After brush with closure, Northland College unveils plan to downsize
The liberal arts institution is cutting $7 million from its budget and refocusing around eight in-demand majors.
By Ben Unglesbee • May 2, 2024 -
Drake University to cut 3 academic programs as it tries to balance budget
In approving the changes, the Iowa nonprofit’s board of trustees pivoted away from more significant cuts recommended earlier this year.
By Ben Unglesbee • April 30, 2024 -
Inna Reznik/iStock via Getty Images
University of Saint Katherine shuts down after less than 15 years
The California institution faced a “steep” cash shortfall and “extraordinary inflation,” according to a campus message shared on social media.
By Ben Unglesbee • April 30, 2024 -
Frazao Studio Latino via Getty Images
Private regional colleges will face stiff competition from public institutions, Moody’s predicts
These challenges will be particularly pronounced in the Midwest and Northeast, where the pool of traditional college-age students is expected to shrink.
By Laura Spitalniak • April 26, 2024 -
University of St. Thomas, Minnesota
University of St. Thomas cuts staff amid $10.5M budget shortfall
The Catholic college in Minnesota cited “headwinds affecting all of higher education” as it tries to close a budget gap.
By Ben Unglesbee • April 24, 2024 -
"Northland College Campus" by Tschellnc is licensed under CC BY-SA 4.0
Northland officials sound a hopeful note after ‘transformative’ donations
The financially struggling institution said it received several gifts this week that have changed “the scope of the situation.”
By Ben Unglesbee • April 24, 2024
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