From potential academic and faculty cuts at Vermont State University to budget issues at Christian Brothers University, here are the top-line figures from five of our biggest stories this week.
An article from
This week in 5 numbers: More colleges plan cuts
We’re rounding up some of our biggest recent stories, from potential layoffs at Vermont State to financial exigency at Christian Brothers.
By the numbers
33
The number of full-time faculty members who Vermont State University may lay off as the public college attempts to bridge its budget deficit. The university, recently formed from a merger of three financially struggling colleges, is also looking to cut 10 academic programs.
$35,000
The average financial aid award that Assumption University, a Roman Catholic college in Massachusetts, expects to give students in the coming academic year. For just this year, the university is locking in need- and merit-based awards for students as soon as they’re accepted to make up for the delayed rollout of the Free Application for Federal Student Aid, or FAFSA.
$4 million
The amount Christian Brothers University, a Roman Catholic college in Tennessee, plans to cut from its operating budget. The college recently declared financial exigency, a status that could clear a path for eliminating tenured faculty.
$30 million
The amount Alabama lawmakers allocated for a new loan program benefiting financially distressed colleges. The initiative might provide a lifeline to Birmingham-Southern College, but little is known about how the private nonprofit college plans to remedy its financial issues or how it would pay back the loan.
18.5%
The share of Ivy League students who in 2021 received Pell Grants, which are often used as a proxy to measure low- or moderate-income status. A recent report from the HEA Group, a higher ed-focused research firm, found that Ivies could increase their share of Pell recipients by 5% by enrolling 682 more of these students.