Wheeling Jesuit Declares Financial Exigency - Greg Toppo, Inside Higher Ed

West Virginia’s Wheeling Jesuit University, which sold its campus in 2017 to help pay down millions in debt, has declared financial exigency, Michael Mihalyo, the university’s president, said Monday. In a letter to campus, Mihalyo wrote that “continued financial challenges” required the move. The university, he said, doesn’t have the resources “to bridge the gap between highly discounted enrollment, associated academic and athletic programming costs, and the revenue needed to support the institution’s operational expenses.” Traditionally defined as an “imminent financial crisis which threatens the survival of the institution as a whole,” financial exigency has been used in the past to terminate long-standing, often tenured faculty. https://www.insidehighered.com/quicktakes/2019/03/12/wheeling-jesuit-declares-financial-exigency