In what has become an almost weekly parade of bad higher education financial news, another university has announced it must cut back dramatically on its academic programs and eliminate dozens of faculty positions to cope with a major budget deficit.
On Monday, St. Cloud State University administrators revealed their initial plans to cut about 100 academic programs and 57 faculty positions, according to the Minneapolis Star Tribune.
The announcement came from Larry Lee, St. Cloud State’s acting president, who said the plan involved cutting as much as $9 million from the budget by 2026, with the need for more reductions in the future.
