Thursday, July 4, 2024

Keystone College cuts employees and programs to help save $3.5M - Ben Unglesbee, Higher Ed Dive

The private Pennsylvania institution was recently labeled a closure risk by its accreditor. Since then, it has announced a potential strategic partnership. As it tries to stay afloat, Keystone College is cutting faculty and staff positions and eliminating academic programs to strengthen its financial position, the institution announced this week. All told, the moves are expected to save $3.5 million. The Pennsylvania-based private nonprofit said restructuring efforts will affect 29 positions, including some summer furloughs and the elimination of vacant positions. In addition, Keystone is axing three academic programs with low enrollment — chemistry, forensic biology, and child and family studies — out of its more than four dozen degree programs.