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Tag: Budget & Budgeting
News Roundup
Iowa Wesleyan University may Face Possible Closure After History of Financial Challenges
Iowa Wesleyan University (IWU), a private liberal arts college located in southeast Iowa, faces possible campus closure as a result of significant financial problems. In 2015, the institution spent $3.32 million more than what it was given and lost $4.57 million in 2014 and $.45 million in 2013, according to university tax records obtained by […]
November 5, 2018
Students
UW-Superior to Drop 9 Majors, 15 Minors, Grad Program
SUPERIOR, Wis. — University of Wisconsin-Superior officials have decided to drop nine majors, 15 minors and a graduate program due to lack of interest. Wisconsin Public Radio reports some of the majors include sociology, theater, journalism and political science. The minors include physics, legal studies, computer science and photography. The masters in art therapy program […]
November 1, 2017
Students
Yale University Endowment Grows to $27.2B
NEW HAVEN, Conn. — Yale University’s endowment has grown to a record $27.2 billion. The Ivy League university said in a statement Tuesday the endowment earned an 11.3 percent investment return for the fiscal year that ended June 30. The endowment was valued at $25.4 billion on June 30, 2016. The university said it plans […]
October 11, 2017
Leadership & Policy
University of Alaska President Vows to Give Back His Bonus
FAIRBANKS, Alaska — University of Alaska President Jim Johnsen has pledged to donate his $50,000 bonus to the school. The university’s Board of Regents approved a $50,000 bonus for Johnsen last week, The Fairbanks Daily News-Miner reported. “As president, I am committed to giving back to this great university,” Johnsen said, “and to supporting the […]
September 20, 2017
Students
Finances a Troublesome Subject at Many HBCUs
When college leaders across the nation begin rolling out their welcome mats for the coming school year, few are likely to be more anxious about the days ahead than those operating historically Black colleges and universities (HBCUs).
August 14, 2017
Leadership & Policy
University of Nebraska System Announces $25M in Cuts
LINCOLN, Neb. — The University of Nebraska system president has announced new structures and processes aimed at saving the system $30 million in coming years. President Hank Bounds announced plans Wednesday to achieve nearly $25 million, or about 80 percent, of the targeted cuts by sharing more services across campuses as well as by trimming […]
August 3, 2017
Faculty & Staff
Tennessee Community College Cuts 28 Employees
BLOUNTVILLE, Tenn. — A Tennessee community college has laid off 28 employees – one of many measures it’s taking to balance the budget. Local news outlets report that Northeast State Community College announced on Monday the elimination of 28 non-faculty, full-time employee positions as part of a plan to balance the upcoming school year’s budget. […]
August 1, 2017
Faculty & Staff
11 Professors Accept University of Montana’s Buyout Offers
MISSOULA, Mont. — Eleven University of Montana professors have accepted buyout offers during its first round. The Missoulian reports the university offered a total of 48 buyout offers to faculty members in May. Officials previously said 14 tenured professors over the age of 65 expressed interest in the offers during the first round. Kevin McRae […]
July 27, 2017
Students
University of Alaska Fairbanks to Eliminate Economics Degree
FAIRBANKS, Alaska — The University of Alaska Fairbanks is discontinuing its economics degree program. The Board of Regents made the decision to cut the program during its most recent meeting. Two faculty members recently received layoff notices, giving them one year left to teach, the Fairbanks Daily News-Miner reported Tuesday. The university’s Faculty Senate met […]
July 26, 2017
Students
Applications Pile Up for University of Montana’s Top Job
MISSOULA, Mont. — A recruiting company official says 98 people have applied to be the next president of the University of Montana. Jim McCormick of AGB Search tells the Missoulian that the applicants come from 38 states and five countries. The school hopes to select a new president by October. Former Commissioner of Higher Education […]
July 25, 2017
Students
Harvard’s Graduate Theater Program Suspends Admissions
CAMBRIDGE, Mass. — Harvard University’s graduate theater program, which is housed within the critically acclaimed American Repertory Theater, will suspend admissions for the next three years. The move was announced in a Friday email from the ART Institute. In January, the school suspended admissions for one year after the program received a “failing” grade from […]
July 18, 2017
News Roundup
Illinois Budget Gives Temporary Fix for Public Universities
SPRINGFIELD, Ill. — A new Illinois budget will give public universities funding for the 2017-18 school year. The Chicago Tribune reports that this is the first time in two years that the state’s 12 public universities will receive funding. In 2015, universities received more than $1.2 billion from the state’s spending plan. But the budget […]
July 17, 2017
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