Facing the dual challenges of a 3.3% operational cost increase and persistent inflationary pressures, the University of Minnesota has unveiled a budget proposal for the upcoming academic year that hinges on strategic financial maneuvering to secure institutional stability amidst economic
The education technology sector, once buoyant with venture capital injections, has hit a significant downturn, as recent figures suggest. An analysis by HolonIQ revealed that the first quarter of 2024 global funding for ed tech plummeted to $580 million, an 86% drop from its peak in 2021. This
In a landmark decision, President Joe Biden's administration has enacted a measure poised to bring much-needed relief to hundreds of thousands of former Art Institute students. Announcing a sweeping student loan forgiveness plan, the Education Department is addressing the heartache of 317,000
The University of St. Thomas in Minnesota is grappling with a fiscal challenge that mirrors a broader trend in academia: a significant budget gap. Specifically, the institution is dealing with a $10.5 million deficit, which represents 3.6% of its projected budget for the year 2025. To navigate
In a substantial legal development in the Sweet v. Cardona case, a U.S. federal judge has ordered the Department of Education to erase roughly $6 billion in student loans by the end of August, following a missed January deadline. This directive springs from a previous agreement in 2021 to resolve
Confronted with a $177 million deficit, the University of Arizona is pursuing a careful financial course. With Interim CFO John Arnold at the helm, the university has laid out a plan focused on judicious spending cuts and innovative revenue-generation tactics to the state’s Board of Regents. The s
