Are across the board budget cuts coming for higher ed?
Reported by Education Dive, a new survey from the Association of American Colleges and Universities (AAC&U) reveals that more university presidents expect to have to implement across-the-board budget and benefit cuts than they did back in March at the beginning of COVID, including a full 88% currently planning layoffs.
The takeaway? While these presidents’ predicted revenue losses are actually down from the beginning of the pandemic, that doesn’t mean that those colleges already in a difficult financial situation won’t have to make some extra difficult decisions this fall.
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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