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Brown University faces $46 million deficit
College Fix ^ | December 27, 2024 | Matt Lamb

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.


TOPICS:
KEYWORDS: brown; brownuniversity; college; debt; deficit; diversity; education; equity; revenue; rhodeisland; university
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1 posted on 12/30/2024 8:16:34 AM PST by george76
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To: george76

“the university has an endowment,”

THERE ya go!


2 posted on 12/30/2024 8:19:25 AM PST by MayflowerMadam (It's hard not to celebrate the fall of bad people. - Bongino)
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To: george76

Of boo hoo, boo hoo, its soooooo sad!!! /sarc


3 posted on 12/30/2024 8:20:21 AM PST by Wuli
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To: george76

4 posted on 12/30/2024 8:20:34 AM PST by Sirius Lee ("Never argue with a fool, onlookers may not be able to tell the difference.")
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To: george76

Yeah, but I’ll bet their DEI and Transgender programs’ budgets are growing steadily!


5 posted on 12/30/2024 8:20:45 AM PST by Redleg Duke (“Time to Play Cowboys and Snowflakes!”)
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To: george76

Fire the useless DEI staff. That will save more than $46 million.


6 posted on 12/30/2024 8:20:49 AM PST by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: george76

“Faculty growth has outpaced student enrollment growth”

Too many tenured professors making $400K teaching one course/semester.


7 posted on 12/30/2024 8:21:12 AM PST by woodbutcher1963
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To: george76

“ 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


8 posted on 12/30/2024 8:21:37 AM PST by stanne (Because they were mesmerized by Obama, the man for whom this was named, whose name they left out of )
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To: george76

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


9 posted on 12/30/2024 8:21:47 AM PST by Dilbert San Diego
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To: MayflowerMadam

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.


10 posted on 12/30/2024 8:22:29 AM PST by elpadre
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To: MayflowerMadam

The Brown University endowment fund is over $6 billion, they’ll survive.


11 posted on 12/30/2024 8:22:33 AM PST by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: Redleg Duke

You called it correctly:

https://www.brownhealth.org/centers-services/adult-gender-and-sexuality-behavioral-health-program

https://oied.brown.edu/


12 posted on 12/30/2024 8:23:15 AM PST by cgbg (It is time to pull the Deep State out of the mass media--like ticks from a dog.)
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To: george76

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.


13 posted on 12/30/2024 8:24:04 AM PST by Jonty30 (Genghis Khan did not have the most descendants. His father had more. )
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To: george76

The will not do the obvious solution which is to fire all of the dead-weight administrative staff.


14 posted on 12/30/2024 8:25:38 AM PST by wildcard_redneck
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To: george76

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.


15 posted on 12/30/2024 8:26:38 AM PST by Vermont Lt
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To: george76

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.


16 posted on 12/30/2024 8:27:43 AM PST by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: george76

Confiscate their endowment and give it to white males displaced by H1-Bs.


17 posted on 12/30/2024 8:29:06 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: Redleg Duke

I was going to say, let the big donor woke crowd bail them out.


18 posted on 12/30/2024 8:29:35 AM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: george76

Too many ‘professors’ and not enough students..............


19 posted on 12/30/2024 8:29:45 AM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: PeterPrinciple

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.


20 posted on 12/30/2024 8:29:50 AM PST by Jonty30 (Genghis Khan did not have the most descendants. His father had more. )
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