Colleges in Dire Financial Straits

[bio-nonymous]

St. Cloud State in Minnesota announced plans to terminate 46 out of 136 degree programs.  See page 42 of this slide show:  https://www.scribd.com/document/729982751/St-Cloud-State-University-Budget-Update-May-6-2024#from_embed

St. Cloud apparently is the most worse off financially of all of the MN state schools.

With a steadily declining and 50% enrollment drop since 2011 something had to give!

[EdnaMode]

One of my friends just sent me this. He's at one of the Commonwealth Campuses and is worried about the future. They have already been told that for teaching faculty, regardless of years of service or rank, their 5 year contracts will be converted to one year. Several of their engineering departments do not have enough faculty to teach the required courses because faculty who have retired or left for other positions have not been replaced. He said his particular campus has not run at a deficit in the several years he's been there, but the administration at University Park is making the majority of the cuts from the Commonwealth Campuses. Not sure where the money is going because their tuition is among the highest in the Big Ten.

Penn State offers Voluntary Separation Incentive Program to eligible Commonwealth Campus employees

https://www.psu.edu/news/administration/story/penn-state-offers-voluntary-separation-incentive-program-eligible-commonwealth/