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Struggling Saint Augustine’s Hit With $7.9 Million Tax Lien
Financial issues continue to mount for the beleaguered North Carolina HBCU, even as it awaits a looming decision on its accreditation status.
Another Wave of Campus Cuts
Numerous colleges announced or completed plans to cut academic programs or jobs in February. Many of those institutions are in the Midwest—particularly Ohio.
Payroll Issues Prompt Canceled Classes at Saint Augustine’s
Some professors at struggling Saint Augustine’s University have unilaterally canceled classes, citing payroll problems. Now administrators are reassuring students that...
Columbia College Chicago President Steps Down
Columbia College Chicago president and CEO Kwang-Wu Kim is stepping down after recent tensions with faculty members and with cuts...
College Endowment Returns Ticked Up in Fiscal Year 2023
Thanks to strong public equity markets, endowment returns bounced back after falling last year. But they’re still a long way from the sky-high returns of FY 2021.
Donors Sue to Block Webster Endowment Reclassification
Donors, including a former trustee, are suing to block Webster University from reclassifying endowment funds to meet the terms of...
Webster Seeks to Unrestrict Endowment Funds
Beset by financial challenges, the university is seeking to reclassify $34 million in endowment funds to meet liquidity obligations for a $30 million loan.
Jamestown Business College to Close
Jamestown Business College, a for-profit institution in New York founded in 1886, is no longer accepting students and plans to...