US EditionTuition Increases, Layoffs Coming to Many U.S. Universities | Honolulu Star-Advertiser
UNITED STATES, JUN 20 – Universities cite federal funding cuts and economic uncertainty for tuition hikes averaging 4% to 7.5% and job cuts despite holding multibillion-dollar endowments, officials said.
- Several U.S. universities including Cornell and Duke are raising tuition and planning staff reductions amid financial challenges in 2024.
- These actions stem from federal research funding cuts under the Trump administration and ongoing economic and legislative uncertainties.
- Cornell, with over $900 million from tuition annually and a $10.7 billion endowment, anticipates involuntary layoffs and described a 'dire landscape'.
- Duke seeks $350 million in budget cuts, roughly 10% of its budget, while the University of Minnesota is raising tuition by at least 6.5%.
- These financial pressures may cause program cuts, job losses, and tuition increases, while the White House denies responsibility for rising college costs.
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therogersvillereview.com
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The Free Press (Tampa)
MSNUniversities Sit On Billion-Dollar Endowments While Hiking Tuition
Several universities are hiking tuition prices and cutting jobs despite sitting on massive endowments. Universities are essentially blaming the Trump administration’s federal funding cuts for the price increases, but many schools have seen steady rises in tuition for decades, and overall increased revenue, all while nursing their ever-growing endowments. Cornell University is raising its tuition rate by […] Universities Sit On Billion-Dollar End…
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