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The cuts, while not exclusive to liberal arts programs, have had a focus in the humanities that don’t necessarily have a guarantee of financial success following graduation. That could make the humanities a luxury product.
Higher education is responding to the Trump administration’s new federal earnings test that determines whether college graduates are making more money than high school graduates.
Facing declining enrollment and competition from online programs, some colleges and universities are choosing to close campuses far from their central location.
Universities have long issued bonds to raise money, but the amount being issued has nearly doubled in recent years —and is increasing as government funding is paused.
Plaintiffs in a 2022 class-action lawsuit against 17 elite colleges who allege the schools colluded in determining financial aid packages are seeking $685 million in damages.
Larger endowments — which tend to invest more in private equity and venture capital — didn’t do as well as smaller ones that stuck to investment basics.