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Cost-cutting measures by colleges


Antioch College Cuts Costs, Jobs

Yellow Spring News (OH)
December 22, 2016

For the first time since reopening to students in 2011, Antioch College is reducing its budget, a move college leaders say is necessary to bring expenses in line with revenues that have grown more slowly than expected.  Antioch College President Tom Manley announced a series of spending cuts that will save the college about $1 million annually. These cuts include salary reductions for 23 college employees and the elimination of five staff positions.  The budget measures are part of an 18-month effort to lower the college’s spending.

Like Many Women’s Schools, Columbia College Faces Challenges

The State (Columbia, SC)
December 19, 2016

The challenges that Columbia College faces are hardly unique.  When the small, private liberal arts college in South Carolina’s capital city said last week it would eliminate some academic majors and reduce faculty and staff, it was following in the footsteps of other women’s colleges.

How Sheila Bair Hopes to Keep Kids in College — And Costs in Check

Politico
December 12, 2016

Washington College plans to fix the price of a student’s college education for all four years, the school announced Monday. Starting next fall, tuition will go up by 2% to $43,707, but freshmen who graduate in four years will be guaranteed to pay that price every year they’re in school. That price will also be fixed for students already enrolled at the college.

Colby-Sawyer Eliminates Five Majors to Stay Afloat

Valley News (West Lebanon, NH)
December 12, 2016

In announcing the layoffs of 18 employees this week, Colby-Sawyer College is the latest small private school to make a difficult choice in response to national trends that have put pressure on institutions with its profile.  Before cutting seven faculty members and 11 staff members, eliminating 19 open positions and changing 11 more employees’ hours, Colby-Sawyer President Sue Stuebner, who arrived this summer amid a multimillion-dollar, three-year budgetary shortfall, had to take stock of the college’s financial and academic standing.

A Tale of Two Crises

Inside Higher Ed - Opinion Piece
December 9, 2016

Christine Henseler writes: But can our institutions of higher education afford not to support and invest heavily in the humanities? Can we welcome a growing number of diverse students without increased attention to the study of languages, art, music and cultural contributions of people from diverse communities around the world? Can our country claim to educate democratic citizens without teaching our children to analyze the messages that inform their personal and political lives -- skills learned in literature classes? Can our country grapple with radical Islamic groups while defunding religious studies programs and courses in Arabic language and culture, art, and history?

Carbon Neutral Quickly

Inside Higher Ed
December 8, 2016

Middlebury College says it has become carbon neutral, meeting an aggressive goal set last decade and becoming one of just a handful of institutions to reach the sought-after sustainability status. Its path, however, was not easy or without dispute. The private liberal arts college in Vermont is today officially announcing it met its target to become carbon neutral by 2016.

Overtime Second Thoughts

Inside Higher Ed
December 7, 2016

After last-minute injunction halted a federal overtime rule, many colleges and universities will go ahead with planned changes.

Greasing the Retirement Wheel

Chronicle of Higher Education
November 29, 2016

Many colleges, public and private, large and small, are grappling with a graying faculty, primarily because of the abolition of mandatory retirement at colleges in 1994. From 1995 to 2015, the latest year for which data are available, the share of postsecondary instructors age 65 or older increased from 4.4 percent to 11.6 percent, according to the U.S. Bureau of Labor Statistics.

Small, Private Colleges in Danger of Closing

Voice of America
November 28, 2016

The U.S. has over 4,700 colleges and universities. Almost every year some older schools close, while other schools open. Now, experts are warning that more small, private colleges will close down. Yearly closings may triple by 2017, they say, representing a 200 percent increase compared to two years ago.

Overtime Pay Rule to Go Into Effect but May Not Last

Wall Street Journal
November 22, 2016

The fate of the Overtime Pay Rule is far from assured as it faces both a strong challenge in the courts and, in Donald Trump, the president-elect, who has vowed to roll back business regulations.

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