Wednesday, April 24, 2024

UW Campuses Face Challenging Financial Futures, Reports Show - Baylor Spears, Wisconsin Examiner

Several factors have led to campuses’ financial difficulties including declining state support on an inflation-adjusted basis over the last decade, the impacts of the decade-long tuition freeze that ended in 2022, declining enrollment and inflation. The UW system employed Deloitte as a third-party consultant to conduct financial assessments of the individual campuses. Universities of Wisconsin President Jay Rothman said in a statement that the assessments are part of the work being done to help eliminate structural deficits throughout the system by 2028, and ensure the state’s campuses are financially viable and durable. However, he also said that additional investment from the state of Wisconsin is needed to ensure the system’s future success.