Sun.Dec 25, 2022

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Some SUNY schools facing projected budget deficits - Revathi Janaswamy, Spectrum News 1

Economics and Change in Higher Education

Union members of United University Professions as well as elected leaders are rallying in support for Buffalo State and Fredonia — two of 19 SUNY campuses they cite as facing projected budget deficits. Dr. Frederick Kowal, United University Professions Statewide president, says it started with an enrollment decline. “You have institutions that are driven by tuition and fees, and when you start to see an enrollment decline, that's going to affect the revenue side, then COVID hit and you had a rea

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Cazenovia College to Close in 2023 - Josh Moody, Inside Higher Ed

Economics and Change in Higher Education

Citing inflationary pressures and slumping enrollment, Cazenovia College announced it will close in 2023. The move comes after the college missed a bond payment months earlier. The small, private liberal arts college in New York announced Wednesday that it would cease operations after the spring semester, citing financial concerns exacerbated by the coronavirus pandemic and inflation that irreparably harmed the nearly 200-year-old institution.