The biggest casualty of an institution's thinned budget will be student support services, such as financial aid and tuition discount rates, says Bill Guerrero, University of Bridgeport's CFO.
Money Magazine revamped its ranking due to the changing needs of average Americans looking for the best investment based on what they personally value amid higher education's inflated price tag.
Inflation, decreased school endowments and state budget cuts are causing university tuition to rise by up to 9%. As a result, most colleges are choosing to pump up their financial aid packages and scholarship programs to cushion the blow to students.
A degree in finance from some of the country's most esteemed private institutions can earn a student at least $30,000 more than the median B.A. graduate earns, according to data collected by Looking Glass Institute.
West Virginia's governor is honored to play a part in building Marshall University's new baseball stadium, but one official believes he is "grossly" misappropriating a huge chunk of COVID-related emergency funding to do so—and calling for a federal investigation.
Young adults aren't as readily pulled toward a degree in higher education as they once were, and colleges need to stay on pace with them if they aren't looking to be left behind.
Historically, the cost of utilities has been the dominant area of spending. Although that continued in FY2022, spending rose in every area tracked by the Commonfund Higher Education Price Index.
