University of Providence Faces Major Budget Crisis

Multi-million budget shortfall forces cuts at University of Providence in Great Falls

As small colleges across the country see market challenges, the university will also lose a major funding source. Now, leaders are strategizing a restructuring in hopes of saving the school.

University of Providence faces major budget crisis

GREAT FALLS The University of Providence is facing what officials describe as severe financial challenges, prompting the schools Board of Trustees to consider a formal declaration of financial exigency  one of the most serious steps a university can take during a budget crisis.Interim President Caroline Goulet says the roots of the situation stretch back years, when Providence Health System routinely subsidized the universitys operating deficit.…

University of Providence in Great Falls plans to cut staff and courses to account for multi-million dollar budget shortfall

The interim president of the University of Providence in Great Falls last week told a small group of board members, alumni and major community stakeholders that the university’s future is uncertain and that the school stands at the beginning of a major restructuring effort to save the institution. “There is a truth we must confront and a task we must embrace,” Caroline Goulet, who also serves as the university’s vice president of academic affair…

University advances restructuring proposals, with cuts, layoffs possible

This story was updated on Nov. 11 at 7:50 p.m. The New School is moving forward with key restructuring proposals, including some that could result in layoffs, reduced benefits, and cuts to academic programs, according to documents obtained by The New School Free Press. The proposals have been formally presented twice to faculty, staff, and […] The post University advances restructuring proposals, with cuts, layoffs possible appeared first on The…