Monday, August 3, 2020

Analysis finds 6,300 coronavirus cases tied to US colleges - Natalie Schwartz, Education Dive More than 6,300 coronavirus cases are tied to U.S. colleges and universities, according to a recent New York Times analysis. The Times surveyed every public, four-year college, as well as elite private research universities and schools that compete in Division I sports. The publication found at least 14 deaths related to the virus at colleges and 11 institutions that have seen 100 or more cases. The findings suggest the coronavirus is spreading on campuses ahead of the fall term — a foreboding sign for colleges that plan to bring students back amid the pandemic.

More than 6,300 coronavirus cases are tied to U.S. colleges and universities, according to a recent New York Times analysis. The Times surveyed every public, four-year college, as well as elite private research universities and schools that compete in Division I sports. The publication found at least 14 deaths related to the virus at colleges and 11 institutions that have seen 100 or more cases. The findings suggest the coronavirus is spreading on campuses ahead of the fall term — a foreboding sign for colleges that plan to bring students back amid the pandemic.

Why the move to online instruction won’t reduce college costs - Steven W. Hemelt and Kevin M. Stange, Brookings Insitution

Based on our analysis, the short answer is, surprisingly, no. Simply moving more instruction online does not fundamentally alter the cost equation. We look at many departments over time and associate changes in online offerings with changes in average instructional cost per student. We find a negligible association between online credits and instructional costs, as shown in Figure 2. Shifting online instruction from zero to 10% of credits is associated with about a 1.04% reduction in departmental instructional costs, which we cannot statistically distinguish from no effect. Patterns are similar for undergraduate and graduate education.

Sunday, August 2, 2020

Clemson warns of $100M loss with COVID-19 - Jeffrey Collins, The Associated Press

Clemson University officials said Friday the college could lose more than $100 million because of the COVID-19 pandemic while insisting the school is in good enough financial shape to survive the budget blow. Officials also told trustees that even though in-person classes are being delayed for about a month, they are determined to have safe, face-to-face classes in the fall semester, although classes will be taught so they can also immediately go fully online if the pandemic gets worse.

Spring Hill College president says pay cuts, furloughs should help school weather COVID-19 - Darwin Singleton, WPMI

Like most households and businesses, Spring Hill College learned a harsh lesson this past spring about the powerful punch of a pandemic. "I think the first big hit was room and board,” Spring Hill College President Dr. Joseph Lee told NBC 15 News. “That happened in March. We had to do either refunds or, for returning students, give them credits towards next year. And that was probably a $1.3 million hit, right from the get-go."

Saturday, August 1, 2020

Wheelock takes brunt of BU layoffs - Chloe Liu, Boston University Free Press

Due to Boston University’s reduced 2021 fiscal year budget, the Wheelock College of Education and Human Development has had to eliminate 80 staff and faculty positions. Boston University Wheelock College of Education and Human Development has eliminated eight staff positions, eight full-time faculty positions and 64 part-time faculty positions for the upcoming semester, as indicated in a memo sent from Wheelock’s Office of the Dean on Monday.  The memo, part of which was posted publicly on Twitter by the Unionized Massachusetts Higher Education Faculty, included the results of the 2021 fiscal year budget reduction and updates on workplace adjustment requests, as well as plans and changes for the Fall semester.

Eight more laid off, 36 more furloughed in continuing University of Missouri cuts - Roger McKinney, Columbia Tribune

The number of employees laid off at the University of Missouri increased by eight, to 181, in the weekly budgetary actions released Friday by MU Human Resource Services. Savings from layoffs total $7.5 million. On Thursday, the university opted not to fire its 150 union custodians and outsource the work to a custodial services contractor, despite what officials said was potential annual savings of $3 million. Employees placed on furlough — unpaid time off — increased by 36, to 3,634. Those savings total $4.4 million.

Friday, July 31, 2020

Regents consider approval of fiscal 2021 budget amid financial loss due to COVID-19, decreased state funding - Katie Ann McCarver, Daily Iowan

The state Board of Regents will consider approval of a major hit to its fiscal 2021 budget at its July 29 meeting, which includes significant decreases in institutional budgets and finances stemming from the COVID-19 pandemic, as well as reallocation of decreased state appropriations. According to regent documents, the general university operating budgets for fiscal 2021 are $65.4 million less than those of fiscal 2020. Iowa’s three public universities — the University of Iowa, Iowa State University, and the University of Northern Iowa — will see a decline in revenue due to a June decision by the regents to freeze tuition rates because of COVID-19 and the Iowa Legislature’s decision to cut state appropriations by $8 million.

Landscape of post-pandemic transnational higher education - Agustian Sutrisno, University World News

The COVID-19 pandemic impacts the landscape of transnational higher education (TNHE) in three dimensions: student mobility, economic recession and international political tension. As a health catastrophe, COVID-19 affects cross-border mobility, opening up opportunities for TNHE to absorb the demand for international qualifications. The 1997 Asian Financial Crisis shows how TNHE may come into its own during a recession. However, the international political climate is less than certain and TNHE providers are facing a landscape filled with rising nationalistic rhetoric and self-serving interest.

Thursday, July 30, 2020

Helble announces winter study abroad program cancellations, budget losses in live stream - Lorraine Liu and Allison Wachen, the Dartmouth

Regarding the College’s operations budget, Helble said that the College experienced a “substantial” operating loss of $36 million for the fiscal year 2020, a number that amounts to about 40 percent of the College’s original estimate of $83 million during the spring. He cited the improved investment market, support from the Dartmouth College Fund and efforts to reduce “non-compensation expenses” as factors that contributed to the reduced budget deficit.  Chief financial officer Mike Wagner said during the livestream that approximately $15 million of the College’s operating losses came from the loss of room and board fees and approximately $7 million came from losses related to professional schools.

Iowa’s public universities expect big tuition losses from COVID-19 University of Iowa banners University of Iowa banners - Adam Carros, KCRG

Iowa’s three public universities are expecting to see a decline in enrollment that will exacerbate the financial losses due to the COVID-19 pandemic. The Board of Regents will review the proposed budgets for the University of Iowa, Iowa State University and the University of Northern Iowa at its meeting on Wednesday. In documents released ahead of that meeting, the universities warn of big cuts due to COVID-19. “The COVID-19 pandemic has placed us in unprecedented times.” the documents explain. “As with all of society, Iowa’s Regent Universities have undergone massive disruptions, and been forced to adapt their educational environments based on current conditions.” In total, the operating budgets of all three universities are $65-million less than the previous fiscal year.

Wednesday, July 29, 2020

No tuition refunds, contingency budget cuts: UNC schools ready for reopening challenges - KATE MURPHY, News Observer

With students, faculty and staff preparing to return to North Carolina universities over the next few weeks as the COVID-19 pandemic worsens, UNC System leaders on Thursday discussed how they will handle the inevitable financial, educational and public safety challenges ahead. The system is preparing for “worst-case scenarios” for its budget and reaffirmed that it won’t be lowering or refunding tuition and fees, even if campuses shut down and move classes online.

Small Colleges Facing Virus Cash Crunch Want Help From Congress - Andrew Kreighbaum, Bloomberg Government

Colleges say it’s critical for Congress to provide more aid to cover the new costs of operating campuses, including safety measures such as coronavirus testing and personal protective equipment. Legislation (S. 4112) introduced by Sen. Patty Murray (D-Wash.) and Senate Minority Leader Chuck Schumer (D-N.Y.) would send $132 billion to colleges to provide direct aid to students and to help campuses cover the costs of reopening.

Tuesday, July 28, 2020

New Mexico universities face prospect of budget challenges -The Associated Press

Officials say the University of New Mexico and New Mexico State University face the prospect of major budget challenges because of reduced state funding and other fiscal fallout from the coronavirus pandemic and reduced energy prices. The Santa Fe New Mexican reports that UNM likely faces a $22 million cut in state funding while New Mexico State will have about $20 million less to spend in the current fiscal year because of reduced state funding, revenue losses from lower enrollment and other circumstances.

Nevada Governor signs drastic budget cuts into law – a summary of reductions - Brian Bahouth, Sierra Nevada Ally

Higher Education, Health and Human Services bear brunt of spending cutbacks. 
 University of Nevada Las Vegas
The University of Nevada Las Vegas 2019-2020 budget was $181,018,756
Initially allocated for 2020-2021 –  $145,306,109
After the reductions of AB3 – $109,603,946
Amount of budget reduction – $35,702,163, an effective 24.6 percent reduction

Monday, July 27, 2020

Canisius College considering cuts - Jeff Rusack, WKBW

Upwards of 23 professors could be losing their jobs at Canisius College, in Buffalo. According to president of the American Association of University Professors at the school, the Board of Trustees is looking to cut $2.5 million from faculty lines in the budget.

UMass trustees to cut budget by $171 million, freeze tuition - CHRIS LISINSKI, the Sun

The University of Massachusetts will cut fiscal 2021 spending about 5 percent below last year’s level, part of a strategy to close a $264 million budget gap as the university and students prepare for a different college experience. Outlining the budget gap, UMass President Marty Meehan told the UMass Board that the four campuses plus the medical school collectively face an “unprecedented financial challenge” after balancing about $114 million in revenue losses last quarter.

Sunday, July 26, 2020

NMSU cuts budget by $20 million as state adjusts to pandemic budget shortfall - Kate Bieri, KVIA

New Mexico State University regents on Saturday approved a revised operation budget that cuts $20 million for fiscal year 2020-2021. "This budget does not predict what's going to happen in the future," admitted NMSU President John Floros. "We don't really know what's going to happen. But we within the university are taking that into account as we move forward and prepare our budgets for years to come."

Proposed $25 million cut to colleges would result in layoffs, reduced student services, higher education system says - Riley Snyder, Nevada Independent

Legislative Republicans and Democrats released two competing plans late Thursday outlining their priorities for restoring health care, K-12 education and other line items out of Gov. Steve’s Sisolak’s proposed $1.2 billion in budget cuts. Though the plans differ in what categories and how many dollars can be restored, both rely on a major source of new funding to meet their goal — an additional $25 million cut to the Nevada System of Higher Education (NSHE).

Saturday, July 25, 2020

Stephens College lays off 30 employees - Columbia Missourian

Stephens College cut its annual operating budget by $1.2 million with the layoffs of 30 employees Thursday. The cuts came across all departments and programs, the school said in a Friday news release.

UNC campuses must submit plans for 50% budget cuts as COVID-19 worst case scenario - JOSH SHAFFER, News & Observer

The UNC Board of Governors has told chancellors on all 17 campuses to submit plans for cutting their budgets by up to 50% as COVID-19 threatens the fall semester. Board Chairman Randall Ramsey sent an email to each campus leader earlier this week, multiple academic sources confirm, asking for two budget-cutting scenarios: one by 25% and another by half.

Friday, July 24, 2020

MU has furloughed thousands of employees, cut pay of more than 2,300 - Megan Smaltz, KRCG

Nearly 3,600 University of Missouri employees have been furloughed and another more than 2,300 have taken pay cuts as the university attempts to fill the gap created by a budget shortfall. On Friday, MU had furloughed 3,598 employees saving the university an estimated $4.38 million. Additionally, 2,317 employees have taken salary reductions saving the university $5.54 million.