It’s budget season for colleges and that could mean faculty and staff raises, money for new programs and improvements, and breathing room, or layoffs, cutbacks, and, in the worst cases, closure. For many colleges, budgeting in 2023 is tougher than ever, according to experts. Tuition-dependent private institutions and increasingly tuition-dependent public colleges are facing lower revenues, thanks to enrollments depressed by the pandemic and ongoing demographic shifts. The nearly $80 billion in federal aid that buoyed institutions through the worst of Covid-19 is effectively gone. And the go-go economy that helped the country power through the worst of the past three years has cooled, sapping endowment performance and spiking inflation, which makes it more expensive to heat classrooms and feed students. To continue reading for FREE, please sign up. A free account provides you access to free articles each month, newsletters, job postings, salary data, and exclusive store discounts.
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
