Facing a $20 million deficit, Albright College is making cuts, borrowing from endowment

Over the past year, Albright College in Berks County has cut 53 positions, canceled some academic majors and considered selling property and art as part of an effort to close a $20 million deficit.

Despite those challenges, interim President Debra Townsley struck an optimistic tone during an interview with Spotlight PA in early December, noting that the private liberal arts college had cut expenses in half from 2023 and highlighting revamped admissions, advancement, and fundraising efforts.

“There’s only two things we can affect: revenue and expenses,” Townsley said. “We’re working on both sides of that, and that will right-size the organization.”

Read more at Spotlight PA.

Categories:

Most Popular