Saturday, August 2, 2025

How higher education is coping with surging budget deficits - Alcino Donadel, University Business

Budget cuts—followed by tuition increases and staff layoffs—at Duke, Cornell, Johns Hopkins and Harvard universities midway through the spring semester sent shockwaves through the higher education community as the sector copes with challenging deficits. Their struggles proved to be the canary in the coal mine for further announcements from more than a dozen colleges and universities through the summer. “This is a day of loss for all of us,” wrote four executive leaders from Boston University as they announced 120 staff layoffs last week. “Over the coming months, there will be many efforts to reshape and reimagine the university in its most efficient and vital form.”