More than a dozen colleges and universities have announced budget cuts, staff layoffs and tuition increases in June and midway through July to cope with rising budget deficits.
Universities are receiving fewer FAFSA submitters and looking at smaller enrollment numbers than last year due to this year's federal aid delays. Small- to mid-sized private colleges recuperating from the pandemic have another steep hill to climb.
Institutions everywhere are struggling with excessive budget deficits, and with little help in state funding, the decision for more drastic cuts peers on the horizon.
Additionally, King's College's accrediting body has stripped its accreditation, citing the school's failure "to demonstrate that it can sustain itself in the short or long-term."
