Behind the scenes in colleges across the U.S.,institutions are having trouble paying their bills.
Why it matters: There’s a reckoning coming in higher education — especially for smaller, private liberal arts schools — that’s been years in the making. In obvious ways, COVID-19 accelerated some of the trends, but college finances have been hurting for a while.
Pandemic-era government stimulus funds helped a slew of schools gain another year or two of financial runway.
Yes, but: Restructuring advisors that work with higher ed institutions as clients say there’s been an uptick in schools that are beginning to explore financial
The Supreme Court kicked the can down the road today on the case of Students for Fair Admissions’ case against Harvard University, with an invitation to the solicitor general to write a brief expressing the view of the United States. The invitation is a delay, but the case will be considered again. SFFA attempts to argue that the nation’s most famous college discriminates against Asian Americans in the admissions process, and even though it’s lost twice in court, it’s expected that this current court, packed with conservative justices, would rule in favor of the astroturf organization dedicated to killing affirmative
DULUTH – Colleges in greater Minnesota are hoping to see student enrollment rebound in the coming school year after falling during the pandemic.
The University of Minnesota Duluth, the College of St. Scholastica and the University of Wisconsin-Superior were down between 4-6% in the 2020-21 school year.
Lake Superior College and St. Cloud State University were down as much as 10%. Those drops were steeper than the average 1% enrollment decline across Minnesota, according to a winter report by the National Student Clearinghouse Research Center.
Many traditional students chose gap years or wanted to stay closer to home, while some
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