Universities Plan Major Budget Cuts in FY25

(From Forbes) With the fall semester approaching, several colleges and universities face significant financial challenges, leading to potential faculty and staff layoffs. Wittenberg University, a private liberal arts school in Ohio, aims to cut $7 million over three years, impacting both staff and faculty positions. Larger public institutions are also affected. The University of New Orleans, grappling with a $15 million deficit due to a long-term enrollment decline, plans significant budget cuts. Administrators there have volunteered to take salary reductions.

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