Posted on 12/30/2024 8:16:34 AM PST by george76
Other universities also operate at or anticipate large deficits.
Brown University is facing a $46 million deficit that could grow to $90 million..
The deficit could “deepen significantly” according to an announcement from the Providence, Rhode Island university.
While the university has an endowment, it is already tapping it as much as reasonable.
The school announced the reasons for the deficit problems:
These include nearly flat net revenue from undergraduate tuition growth due to a steady size of the undergraduate student body, downward pressure on tuition increases, and increased financial aid; the macroeconomic factors of unexpected high inflation, growth in salaries and benefits, and national trends toward unionization; and rapid growth in faculty and staff positions coming out of the COVID-19 pandemic, with staff growth outpacing growth in faculty. We are also at the upper limit of the fiscally responsible range for taking contributions from the Brown endowment without reducing future resources available for financial aid, academic support and other priorities.
The university said it would “hold faculty headcount growth to 1%” and freeze staff growth. Brown also plans to bring in more money from its master’s programs by “ultimately doubling the number of residential master’s students and increasing online learners to 2,000 in five years.”
Faculty growth has outpaced student enrollment growth, according to The Brown Daily Herald.
Other major universities have reported similar deficits. For example, the University of Chicago ran a deficit of more than $200 million according to the student newspaper The Chicago Maroon.
The University of California system faces a half billion deficit by next summer, according to Cal Matters.
The UC system plans to address the issue in part by raising tuition for non-residents. The increase would mean non-residents may more than $50,000 per year, according to Cal Matters.
“the university has an endowment,”
THERE ya go!
Of boo hoo, boo hoo, its soooooo sad!!! /sarc
Yeah, but I’ll bet their DEI and Transgender programs’ budgets are growing steadily!
Fire the useless DEI staff. That will save more than $46 million.
“Faculty growth has outpaced student enrollment growth”
Too many tenured professors making $400K teaching one course/semester.
“ hold faculty headcount growth to 1%” and freeze staff growth. Brown also plans to bring in more money from its master’s programs by “ultimately…”
How about an admin headcount?
How about looking at the CFO
College students are notoriously poor
Quit ripping THEM off
The Browns, who founded Brown University, were slave owners. The University profited from slavery.
According to the liberals own criteria, Brown University should pay reparations out of their endowments
Ha1s the University taken any action in the past few years to reverse the downward spiral?
You know, those simple actions like cutting expenses and streamlining the programs.
The Brown University endowment fund is over $6 billion, they’ll survive.
You called it correctly:
https://www.brownhealth.org/centers-services/adult-gender-and-sexuality-behavioral-health-program
It’s not the money you have, it’s how it is spent.
Wealth dies when you aren’t using it to create more wealth.
The will not do the obvious solution which is to fire all of the dead-weight administrative staff.
I am sure that Brown’s endowment could handle many years of such a deficit.
This is not the first down time in the 200 years history of the Ivy League.
Nothing changes till the money runs out. .
If I win the lottery tomorrow, I would tend to make more stupid decisions.
If I lose my job or pension, I hope I make better decisions.
There is a range of good and bad decision. When I worked with excons, we used to say they couldn’t make two good decisions in a row.
We are going to see more better decisions, but the stupid decisions NEVER go away.
Confiscate their endowment and give it to white males displaced by H1-Bs.
I was going to say, let the big donor woke crowd bail them out.
Too many ‘professors’ and not enough students..............
I would take the lottery and invest in mutuals. Let somebody else do the work for me. I would also keep my job, because that’s the one piece of advice that could keep you from going broke.
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