Some universities are bracing for another round of spending cuts and layoffs.
Many colleges were already facing financial strain due to years of declining enrollment before this year brought added stress from uncertainties around federal funding and policy. Now, some colleges appear to be taking a more conservative approach to budgeting heading into 2026.
Last week, Yale, one of the wealthiest universities in the country, announced a new round of budget cuts, this time citing the new endowment tax. Provost Scott Strobel warned “layoffs may be necessary.”
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