Finance: Page 7
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How University of Arizona plans to shrink its deficit by $110M
The institution’s interim chief financial officer announced cuts and new revenue opportunities. Now, the college is eyeing a balanced budget by fiscal 2026.
By Ben Unglesbee • April 24, 2024 -
Courtesy of Findlay Bluffton Future
HLC 2024Waiting too long can doom a college merger, experts say
The best window for consolidation is usually gone by the time colleges are deeply distressed, panelists at Higher Learning Commission’s conference said.
By Ben Unglesbee • April 19, 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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HLC 2024‘We are not hospice’: The race to get faster in predicting college shutdowns
The Higher Learning Commission has been studying institutional closures under its purview to understand the signs of distress, officials with the accreditor said at its annual conference.
By Ben Unglesbee • April 18, 2024 -
Sponsored by Nelnet Campus Commerce
How flexible tuition payment options keep students enrolled
Nelnet Payment Plans: Ease financial burdens and keep students enrolled with flexible tuition payment options.
April 15, 2024 -
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Greater financial strains loom over Wisconsin’s public universities, review finds
The system's president called on state lawmakers for more funding after financial reviews showed universities are facing deficits and liquidity issues.
By Ben Unglesbee • April 12, 2024 -
"Sinclair Community College, 3rd Street and Perry Street, Dayton, OH" by Warren LeMay is licensed under CC BY-SA 2.0
Ohio’s Sinclair Community College to shutter 2 locations
Although the two sites together enrolled around 5,500 students at their peak, they hosted just one class between them this semester.
By Ben Unglesbee • April 11, 2024 -
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Biden’s new income-driven repayment plan faces another legal challenge
Seven Republican-controlled states filed a lawsuit against the plan, arguing that it amounts to an unauthorized grant program.
By Laura Spitalniak • Updated April 16, 2024 -
Permission granted by Goddard College
Goddard College in Vermont to close
With insolvency looming, the institution opted to shutter permanently and struck a teach-out partnership with Prescott College in Arizona.
By Ben Unglesbee • April 10, 2024 -
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Northland College misses fundraising target, but will stay open — for now
The Wisconsin institution declared financial exigency to revamp its model and budget in a bid for survival.
By Ben Unglesbee • April 5, 2024 -
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In reversal, Education Department to reprocess all FAFSAs hit by tax error
The process will affect between 15% and 20% of previously submitted federal financial aid applications.
By Laura Spitalniak • April 5, 2024 -
Courtesy of 2U
Education Department is ‘concerned’ about potential OPM failures as groups sound alarm on 2U
2U acknowledged that it needs to improve its financial position but stressed it is not considering options that would cease its operations.
By Ben Unglesbee • Updated April 8, 2024 -
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Campus spending on existing buildings jumped over 26% in 2023
College leaders are acknowledging the need to maintain their old facilities. But inflation has eaten into the increased spending.
By Ben Unglesbee • April 5, 2024 -
Vermont College of Fine Arts to become wholly owned subsidiary of CalArts
VCFA said it will have its own board, president and faculty under the deal while benefiting from California Institute of the Arts’ facilities and resources.
By Natalie Schwartz • April 3, 2024 -
"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 -
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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 -
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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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