As 2024 drew to a close, some institutions announced job and academic program cuts, structural deficits, and other changes, with one even declaring financial exigency last month. Many of the colleges listed below cited the usual factors such as rising costs and declining enrollment. While many institutions facing budget issues have modest or minimal assets, Brown University is an outlier among colleges on this list with an endowment valued at $7.2 billion as of fiscal year 2024. (While Brown did not announce job cuts, it is making changes to deal with a budget deficit.) Here’s a look at the cutbacks across the sector announced in December.
