CPAs and Advisors with Your Growth in Mind

Private Colleges Operating at Deficits

New research by Moody’s Investors Service has revealed that small private universities face increased financial pressure. According to Moody’s, one-third of small private universities operated at deficits during the 2016 fiscal year. The number marks a 20-percent rise from 2013. Conversely, the number of large private colleges operating at deficits dropped to 13 percent in 2016 (20 percent in 2013). More on Moody’s research is available on the Inside Higher Ed website.

Topics:

Private Colleges Offering Two-Year Programs

Two four-year private universities recently introduced two-year associate degree programs for prospective students. Starting next fall, the University of St. Thomas in Minnesota will offer a liberal arts associate degree for financially-strapped students carrying a 2.5 high school grade point average. Applications for the program will be accepted once the university receives approval from the accreditor. Also, New York City’s Yeshiva University will launch an associate of science degree program for students that failed to meet the requirements for its bachelor’s programs but still want to attend the school. More on the private institutions’ two-year programs can be read on the Inside Higher Ed website.

Topics:

Graduate Students on Private Campuses Can Unionize

An August 24 ruling by the National Labor Relations Board (“NLRB”) has restored the collective bargaining rights of graduate student employees at private institutions. The decision overturns a previous ruling against graduate student unions at private colleges and universities which the NLRB oversees. Graduate students and professors across the country celebrated the NLRB’s ruling, but opponents of the decision believe unionization could negatively impact student-institution relationships and lead to teaching strikes. More regarding last month’s NLRB ruling on graduate student unions at private institutions is available on the Inside Higher Ed website.

Topics: ,