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US: Colleges Are Slashing Budgets

By ITS Education Asia


Diverse education shoot Free Photo

NYT reports big spending reductions. In the Midwest, Ohio Wesleyan University is eliminating 18 majors. One state away, Pennsylvania merged a half-dozen small state schools into two academic entities.

On the West Coast, the University of California, Berkeley, has paused admissions to its Ph.D. programs in anthropology, sociology and art history. 

And in the Northeast, Harvard University reported a $10 million deficit. The university — which has a $41.9 billion endowment, the largest in the nation — froze hiring, slashed capital spending and cut senior managers’ pay.

 

 

 

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